Catholic Foundation of Northcentral Indiana, Inc.
The mission of the Catholic Foundation of Northcentral Indiana, Inc. is to encourage and facilitate the growth and development of the Catholic Church in Northcentral Indiana by:
- Promoting and assisting in securing new endowment funds;
- Providing information to the staff of prospects contemplating charitable gifts;
- Serving as advisor's for the management of endowment funds to maximize returns with prudent investment practices;
- Encouraging responsible stewardship through regular communications with the Pastoral Office for Stewardship and Development; and
- Marketing
Why Invest in the Catholic Foundation of Northcentral Indiana, Inc.?
The Catholic Foundation of Northcentral Indiana acts as a central clearinghouse, allowing us and/or the donor to direct the funds to support the various ministries in our Diocese. It is a professionally managed, centralized, cost effective, and accountable way of financing a wide variety of services within our Diocese.
There are many good reasons to invest in the Foundation. Here is a partial list of the benefits to donors and beneficiaries:
- Simplicity
It’s easy and convenient to make a donation to a new or existing Foundation account. A single gift can benefit several worthwhile projects.
- Flexibility
A donor-advised fund allows a donor to take an active role in determining which charitable cause to support each year.
A designated fund allows a donor to support specific causes in perpetuity.
A field-of-interest fund allows the donor to choose the area of interest, such as education, mission outreach, seminarians, etc.
A non-restricted fund allows the Board of Directors maximum flexibility in addressing the ever-changing needs of the diocese and its ministries.
- Performance
A contribution to the Foundation will benefit the diocese, a parish, a school, or other ministry indefinitely, since the fund principal is retained and only the earnings are used.
- Tax Benefits
Contributions to the Catholic Foundation of Northcentral Indiana, Inc., a 501c3 not-for-profit organization, qualify for maximum allowable tax deductions.
Methods of Giving to the Catholic Foundation of Northcentral Indiana, Inc.
Here are a few ways to make charitable contributions to the Catholic Foundation of Northcentral Indiana:
- Gifts of Cash — Make checks payable to the Catholic Foundation of Northcentral Indiana, Inc., and mail or bring them to the Foundation at 610 Lingle Avenue, PO Box 1687, Lafayette, IN 47902-1687.
- Gifts of Securities — You can make a donation of stocks, bonds, or mutual funds and take a charitable deduction for the current value of the security.
- Gifts of Real Estate — You may make a gift of your residence, farm or vacation home, and claim a charitable deduction for the property’s current value.
- Deferred Gifts — Deferred gifts include:
Bequests through a will or trust. (For specific language, please contact the Foundation office).
- Gifts of life insurance. If you make the Foundation the owner as well as the beneficiary of a paid-up policy, you are entitled to an income tax deduction for roughly the cash value of the policy. If you purchase a new policy and name the Foundation as sole owner and beneficiary, you can claim a tax deduction for the amount of the annual premium.
- Life income arrangements.
- Charitable Remainder Trust: Pays you income annually.
- Charitable Gift Annuity: Pays you a fixed dollar amount annually, part of which is tax-free.
How to prepare a gift to the Catholic Foundation of Northcentral Indiana, Inc.
The steps involved in preparing to make a gift vary in terms of specifics from person to person and from the type of gift being considered. However, the following is intended to provide you with a general outline of necessary actions needed:
Meet with Development Office:
The development office will review options, forms and necessary steps with you and provide you with a packet of information describing various giving options.
Review Giving Options:
The diocese offers a variety of giving options and programs. These include Stewardship, Planned Giving, and the Catholic Foundation of Northcentral Indiana, Inc.
As of December 2011 there are 84 funds administered by the Catholic Foundation of Northcentral Indiana, Inc.
The funds and their purposes are listed below.
Foundation’s Endowment Fund for the Future
The purpose of the Bishop’s discretionary fund shall be to provide for the financing of the pressing needs of the Roman Catholic Diocese of Lafayette-in-Indiana: growth, Catholic education, priest formation, lay formation, mission outreach, support for life, direct local support and other special purposes.
All Saints (Logansport) Catholic Athletic Activities Fund
The purpose of the Fund is to provide for minor maintenance of athletic facilities, to purchase athletic equipment and supplies, and to have funds available for additional unforeseen expenses of the athletic activities at All Saints Parish in Logansport, Indiana.
Northcentral Indiana Hispanic Scholarship Fund
The purpose of the Fund shall be to provide academic scholarships to Hispanic children living within the Roman Catholic Diocese of Lafayette-in-Indiana who are graduating seniors, who have been accepted as upcoming students at, or are already attending, an accredited college or trade school within the United States.
Saint Joseph’s College Missionary Outreach Fund
The purpose of the Fund shall be to provide financial support to Catholic charitable and educational missionary and outreach activities, including the provision of economic aid, medical care, education programs and other charitable relief to needy persons and organizations in impoverished areas. Initially, the Fund purpose will be to provide support to such missionary and outreach activities sponsored by the Society of the Precious Blood in African countries.
St. Lawrence Parish (Lafayette) Education Fund
The purpose of the Fund is to assist children of St. Lawrence Parish in Lafayette, Indiana, in acquiring a Catholic education.
St. Ann Parish (Lafayette) Educational Assistance Fund
The purposes of the Fund shall be to provide scholarships to Catholic students at St. Ann Parish in Lafayette, Indiana, who meet certain criteria; who are attending or plan to attend any Catholic parochial school operated by another Catholic parish within Tippecanoe County, Indiana; and as well to defray costs incurred by the St. Ann Parish in sponsoring and operating religious classes or programs.
St. Mary Parish (Muncie) Parochial School Fund
The purpose of the Fund shall be to provide financial assistance to the parochial school of St. Mary Parish in Muncie, Indiana.
Dorothy L. Spitznagle Memorial Scholarship Fund
The purpose of the Fund is to provide charitable grants in the form of academic scholarships to selected students from among Roman Catholic children who are attending or desire to attend any of the Roman Catholic parochial schools within Tippecanoe County, Indiana.
Dorothy L. Spitznagle Memorial Hospice Fund
The purpose of the Fund shall be to provide financial support to the St. Elizabeth Hospice Program to assist in its comprehensive program of care and support for terminally ill patients and their families as administered by the St. Elizabeth Medical Center in Lafayette, Indiana.
St. Louis de Montfort Parish (Fishers) Educational Endowment Fund
The purpose of the Fund shall be to provide financial assistance for the payment of operating expenses of any parochial school or schools operated by the St. Louis de Montfort Parish in Fishers, Indiana.
All Saints Parish (Logansport) Parochial School Fund
The purpose of the Fund shall be to provide financial assistance to the parochial school or schools operated by All Saints Parish in Logansport, Indiana.
St. Joseph Parish (Covington) Cemetery Endowment Fund
The purpose of the Fund shall be to provide for the perpetual care and maintenance of the cemetery grounds for St. Joseph Parish in Covington, Indiana.
St. Ambrose Parish (Anderson) Parochial School Fund
The purpose of the Fund shall be to provide financial assistance to the parochial school or schools operated by the St. Ambrose Parish in Anderson, Indiana.
St. Elizabeth (Lucerne) Catholic Cemetery Endowment
The purposes of the Fund shall be to provide funds for perpetual care and maintenance of the grounds and improvements of St. Elizabeth Catholic Cemetery in Lucerne, Indiana, as well as to provide funds for performance of administrative functions of the Cemetery Association.
Father Perry Education Trust
The purposes of the trust shall be to provide financial assistance to men of Hispanic origin who wish to be educated for the priesthood in the Roman Catholic Diocese of Lafayette-in-Indiana, and to assist those men and women of Hispanic origin who wish to be educated for work in the Spanish-speaking Apostolate of the Roman Catholic Diocese of Lafayette-in-Indiana.
Sharing with the Poor Fund
The purposes of the Fund shall be to provide financial support to tax-exempt religious or charitable institutions, organizations, programs and activities which are engaged in providing support and relief for poor and needy persons, either within or outside of the Roman Catholic Diocese of Lafayette-in-Indiana, including the provision of food, medicines, health care, affordable housing, educational and employment training and assistance, or other necessities.
Msgr. Arthur A. Sego Seminarians Fund
The purpose of the Fund shall be used for the education of students for the priesthood for the Roman Catholic Diocese of Lafayette-in-Indiana.
St. Bernard Parish (Crawfordsville) Education Fund
The purpose of the Fund shall be to provide financial assistance for payment of operating expenses of the parochial school and expenses of any other religious and educational “youth formation” programs and activities provided by the St. Bernard Parish in Crawfordsville, Indiana.
The Calvary Cemetery (St. Bernard) Crawfordsville Endowment
The purposes of the Fund shall be to provide for the perpetual care and maintenance of the grounds and improvements of the Calvary Cemetery at St. Bernard Parish in Crawfordsville, Indiana, as well as to provide funds for performance of administrative functions of the Cemetery Association.
Patricia Onorato Busch Memorial Scholarship Fund
The purpose of the Fund shall be to provide academic scholarships, on behalf of individual students selected from among Roman Catholic children attending or desiring to attend Central Catholic Junior/Senior High School, in the Roman Catholic Diocese of Lafayette-in-Indiana.
Earl J. and Betty E. Almack St. Mary’s School (Alexandria) Educational Assistance Fund
The purpose of the Fund shall be to provide academic scholarships to children who are attending, or desire to attend, St. Mary’s School, within St. Mary’s Parish, Alexandria, Indiana.
St. John the Baptist (Tipton) Parish Fund
The purpose of the Fund shall be to provide financial support, and operation of the various religious, charitable, and educational functions, programs and activities conducted or sponsored by St. John the Baptist Parish in Tipton, Indiana.
Our Lady of Grace (Noblesville) Parochial School Fund
The purpose of the Fund shall be to provide financial assistance to the parochial school of Our Lady of Grace Parish in Noblesville, Indiana.
Our Lady of Grace (Noblesville) Parish Fund
The purpose of the Fund shall be to provide for the mission of Our Lady of Grace Parish in Noblesville, Indiana.
Richard E. and Virginia E. Kreutzer Scholarship Fund
The primary purpose of the Fund shall be to provide academic scholarships or similar educational financial assistance, on behalf of individual students attending or desiring to attend St. Charles Borromeo Catholic School, Peru, Indiana.
William P. and Gail G. Gettings Family Fund
The purpose of the Fund shall be to provide financial support for operational costs and expenses of the various religious educational and charitable programs and activities sponsored or conducted by the Roman Catholic Diocese of Lafayette-in-Indiana.
Casper J. Hardebeck Seminary Endowment Fund
The purpose of the Fund shall be to provide financial assistance for educational or charitable uses, to students studying for the Roman Catholic priesthood, who have committed to service as Diocesan priests within the Roman Catholic Diocese of Lafayette-in-Indiana.
Fund to Aid Hispanic Workers and Immigrants
The purpose of the Fund shall be to provide financial aid to Hispanic migrant workers and their families within the Roman Catholic Diocese of Lafayette-in-Indiana.
Anonymous
The purpose of the Fund shall be to provide financial support for capital improvements to the existing Saint Lawrence Parish church building in Muncie, Indiana.
St. John the Baptist (Tipton) Cemetery Fund
The purpose of the Fund shall be to provide for the perpetual care and maintenance of the cemetery grounds and improvements to the St. John the Baptist Parish Cemetery in Tipton, Indiana.
Haigerty-Piguet Memorial Lecture Fund
The purpose of the Fund shall be to provide financial support and assistance for religious lectures and programs presented within the Saint Thomas Aquinas Parish, for the benefit of the parishioners, and also of any interested members of the related Purdue University community in West Lafayette, Indiana. Such lectures and programs shall include presentations by distinguished speakers, addressing timely educational and religious issues, dealing with spirituality, theology, religion and society, science and faith, ecumenism, inter-faith dialogue, etc.
St. Mary Cathedral (Lafayette) Endowment Fund
The purpose of the Fund shall be for the payment of operational costs of the various religious, charitable and related functions, programs and activities conducted or sponsored by the Cathedral Parish of St. Mary of the Immaculate Conception in Lafayette, Indiana, as well as for the costs of capital improvements to the Cathedral and other Parish buildings and properties.
William Forest Black II Memorial Scholarship Fund
The purpose of the Fund shall be to provide academic scholarships of individual students selected annually from among Roman Catholic households registered as members of the Saint Maria Goretti Parish in Westfield, Indiana, who desire to attend, and have been accepted for attendance by, a Roman Catholic High School within the Roman Catholic Diocese of Lafayette-in-Indiana or the Roman Catholic Archdiocese of Indianapolis.
Sacred Heart Parish (Remington) Cemetery Fund
The purposes of the Fund shall be to provide funds for perpetual care and maintenance of the Sacred Heart Parish Cemetery in Remington, Indiana, as well as to provide funds for performance of administrative functions of the Cemetery Association.
St. Mary Parish (Lafayette) Cemetery Beautification and Maintenance Fund
The purpose of the Fund shall be to provide funds for the beautification of the St. Mary Parish in Lafayette, Indiana, by the purchase of flowers, shrubs, trees, religious statuary and other religious objects, as well as to provide funds from its distributable earnings to assist in the perpetual care and maintenance of the Cemetery grounds and improvements.
St. Mary Cathedral (Lafayette) School Building Fund
The purpose of the Fund shall be to provide financial support for the capital improvements to the physical facilities of St. Mary Cathedral School building in Lafayette, Indiana.
St. Mary Cathedral (Lafayette) Church Building Fund
The purpose of the Fund shall be to provide financial support for the capital improvements to the physical facilities of the Cathedral building and the attached Bishops Hall at the Cathedral Parish of St. Mary of the Immaculate Conception in Lafayette, Indiana.
Van Handel Memorial Education Endowment St. Mary Cathedral (Lafayette)
The purpose of the Fund shall be to provide financial support for the library maintained at St. Mary Cathedral School, operated by the Cathedral Parish of St. Mary of the Immaculate Conception in Lafayette, Indiana.
Van Handel Memorial Education Endowment St. Boniface Parish (Lafayette)
The purpose of the Fund shall be o provide financial support for the library maintained at St. Boniface School, operated by the St. Boniface Parish in Lafayette, Indiana.
Mildred E. Haughn Tuition Assistance Endowment Fund
The purpose of the Fund shall be to provide funds to be applied toward payment of tuition required for the attendance of Roman Catholic students in any of the Lafayette-area Catholic Schools.
Akeyson/Miller Teachers’ Assistance Endowment Fund
The purpose of the Fund shall be to provide financial assistance to faculty members employed at any Catholic school within Tippecanoe County, Indiana, as well as support participation by teachers employed in any of the Lafayette area Catholic schools, in educational seminars, conferences or programs.
Newmier Benefit Fund of St. Mary Parish (Muncie)
The purpose of the Fund is to provide food, clothing, shelter, and pay for medical and prescription expenses and other basic needs for the poor, sick and needy of St. Mary’s Parish, Muncie, Indiana.
Van Handel Memorial Education Endowment St. Lawrence Schools (Lafayette)
The purpose of the Fund shall be to provide financial support for the library maintained at St. Lawrence School, operated by the St. Lawrence Parish in Lafayette, Indiana.
Theotokos Endowment Fund for the Poor
The purpose of the Fund shall be to benefit the local poor and marginalized by supporting the Mother Teresa Fund at the Saint Thomas Aquinas Center in West Lafayette, Indiana.
Welsh Family Scholarship Fund
The purpose of the Fund shall be to provide academic scholarships or similar educational financial assistance on behalf of an eighth-grade student, selected annually, from among members of Saint Maria Goretti Parish in Westfield, Indiana, who desire to attend, and have been accepted for attendance by a Roman Catholic Secondary School within the state of Indiana.
Thomas N. and Cecilia V. Slusser Catholic Endowment Fund
The purpose of the Fund is to provide financial assistance for the general Catholic needs of the Logansport Deanery within the Diocese of Lafayette-in-Indiana.
Buck and Betty Overman Scholarship Endowment
The purposes of the Fund shall be to provide academic scholarships or similar educational financial assistance on behalf of a student(s) of Central Catholic Junior and Senior High School in Lafayette, Indiana, selected annually, at the sole discretion of the Principal.
Herman and Dorothy Schrader Scholarship Endowment
The purposes of the Fund shall be to provide academic scholarships or similar educational financial assistance on behalf of a student(s) of St. Lawrence School in Lafayette, Indiana.
St. Theodore Guerin Catholic High School Tuition
The purpose of the Fund is to provide financial assistance to students for annual tuition to St. Theodore Guerin High School. Distribution of these funds shall be authorized by a committee comprised of the then current members of the Finance Committee of the St. Theodore Guerin High School Governing Board.
Susan K. Burks and John R. Burke Memorial Scholarship Fund
The purposes of the Fund shall be to provide academic scholarships or similar educational financial assistance for St. Lawrence parishioners that are financially responsible for student(s) that attend St. Lawrence School in Lafayette, Indiana.
St. Boniface (Lafayette) Maintenance and Educational Endowment Fund
The purposes of the Fund shall be to provide ( a ) funding for the general maintenance of the buildings of St. Boniface Church in Lafayette, Indiana, and/or ( b ) academic scholarships or similar educational financial assistance for St. Boniface parishioners that have student(s) that attend a Catholic school in the Lafayette Catholic School System in Lafayette, Indiana, selected annually.
Rev. Fred H. Gschwind Seminarian Endowment
The purpose of the Fund shall be to provide funding for the general seminarian educational expenses of students studying for diocesan priesthood in The Roman Catholic Diocese of Lafayette-in-Indiana.
Precious Blood Monastery Scholarship Fund
The purposes of the Fund shall be to provide academic scholarships, or similar financial educational assistance based on academic performance, financial need, and/or community service for student(s) that attend one of the Lafayette Catholic Schools, i.e., St. Boniface, St. Mary, St. Lawrence, and/or Central Catholic Junior and Senior High School in Lafayette, Indiana, or any other school hereafter established that becomes part of the Lafayette area Catholic Schools, selected annually.
Church of the Blessed Sacrament's Our Lady of Lourdes Grotto Endowment Fund
The purpose of the Fund is to maintain and improve the Our Lady of Lourdes Grotto located on the grounds of the Roman Catholic Church of the Blessed Sacrament in West Lafayette, Indiana.
Mary Jane Lacey Fund for St. Mary School, Muncie
*Bequest
The purpose of the Fund is to support the Catholic School at St. Mary's Church in Muncie, Indiana.
Mary Jane Lacey Fund for Pope John Paul II Educational Center
*Bequest
The purpose of the Fund is to support the Pope John Paul II Educational Center at St. Mary's Church in Frankfort, Indiana.
Bishop William L. Higi Memorial Fund for Retired Priests
The purpose of the Fund is to provide extra ordinary medical and/or living expense funding for a retired diocesan priest and/or retired diocesan priests of the Diocese of Lafayette-in-Indiana.
Jane Roswarski Scholarship Endowment for st. Lawrence School, Lafayette
The purpose of the Fund is to provide academic scholarships, or similar financial assistance, on behalf of a student(s) of St. Lawrence School in Lafayette, Indiana.
Jean Cooley Scholarship Endowment for St. Lawrence School, Lafayette
The purpose of the Fund is to provide academic scholarships, or similar financial assistance, on behalf of a student(s) of St. Lawrence School in Lafayette, Indiana.
William and Mayme Dilts Scholarship Endowment for St. Lawrence School, Lafayette
The purpose of the Fund is to provide academic scholarships, or similar financial assistance, on behalf of a student(s) of St. Lawrence School in Lafayette, Indiana.
Endowment for Youth and Young Adult Ministries
The purpose of the Fund is to assist in the expenses of the Youth and Young Adult Ministries for the Diocese of Lafayette-in-Indiana.
Endowment for the Permanent Diaconate
The purpose of the Fund is to assist in the expenses of educating men in the Permanent Diaconate formation for the Diocese of Lafayette-in-Indiana.
Endowment for Formation of Seminarians
The purpose of the Fund is to assist in the expenses of seminarian formation for the Diocese of Lafayette-in-Indiana.
Endowment for Family Life
The purpose of the Fund is to assist in the expenses of Family Life for the Diocese of Lafayette-in-Indiana.
Endowment for Ecclesial Lay Ministry and Catechist Formation
The purpose of the Fund is to assist in the expenses of educating laity in Lay Ministry and Catechist formation for the Diocese of Lafayette-in-Indiana.
Endowment for Continuing Formation of Priests
The purpose of the Fund is to assist in the expenses incurred by Priests for the Diocese of Lafayette-in-Indiana.
St. Augustine Catholic Parish Fund
The initial purpose of the Fund shall be to provide financial support for the operation of the Parish and all of its ministries, including the St. Augustine School.
Margaret Weeks and Leonard Winchell Memorial Endowment Fund
The purpose of the Fund shall be to provide financial support for Adult Faith Formation for St. Bernard Church, Crawfordsville, Indiana.
Thomas Fiscel Outreach Fund
The purposes of the Fund shall be to provide outreach services for the needy parishioners of St. Mary Church, Muncie and the needy residents of Delaware County, Indiana.
William H. Garing Tuition Assistance Fund for St. Lawrence Church and School (Lafayette, IN)
The purpose of the Fund is to assist with tuition for the children of St Lawrence Parish in receiving a Catholic education at St. Lawrence School in Lafayette, Indiana.
Knights of Columbus Seminarian Fund for the Diocese of Lafayette-in-Indiana
The purpose of the Fund is to allow the Vocations Director to assist with unbudgeted seminarian needs which fall outside the normal expenses covered by the Diocesan Vocations Office.
St. Francis of Assisi College Student and Haiti Outreach Fund, Muncie
The purposes of the Fund are to provide programs benefiting University students and to provide outreach for St. Michael Parish, Plaisance, Haiti.
St. Joseph Parish Cemeteries (Pulaski) Endowment Fund
The purpose of the Fund is to provide perpetual care and maintenance for both St. Joseph cemeteries.
St. Joseph Parish (Pulaski) Endowment Fund
The purpose of the Fund is to provide financial support for the operation of the various religious, chartable, and educational programs sponsored by St. Joseph Parish in Pulaski.
James Edwin and Marilyn Louise Ross Catholic Endowment Fund
The purpose of the Fund is to provide financial support for the Vocations (priesthood, religious life, sacred married and family life, and sacred single life) of individuals living within the Diocese of Lafayette-in-Indiana.
John Nichols ELM Scholarship Endowment Fund
The purpose of the Fund is to provide scholarships for enrolled students of the Ecclesial Lay Ministry program within the Diocese of Lafayette-in-Indiana.
St. Charles Borromeo Catholic Education Endowment Fund
The purpose of the Fund is to assist in the direct operational costs (not scholarships) in the educating of St. Charles Borromeo Church students who attend area Catholic Schools grades per K - 8.
Seton Catholic Education Endowment Fund
The purpose of the Fund is to provide financial assistance to St. Elizabeth Ann Seton Catholic Church for the funding of Catholic education for its youth of all age groups through the 12th grade.
St. Bernard-Zabawa Youth Fund Endowment Fund
The purpose of the Fund is to provide financial support for youth and young adult faith formation for St. Bernard Church Crawfordsville, Indiana
St. Joseph Parish (Reynolds) Cemetery Endowment Fund
The purpose of the Fund is to provide for the maintenance of the cemetery grounds and improvements
St. Boniface Cemetery Endowment Fund
The purpose of the Fund is to provide for maintenance of the cemetery grounds and improvements.