Our most important
possession is our Catholic Faith. As our parents did before
us, we must pass that Faith on to the next generation. The
best way of doing this is with Catholic education. To ensure
the future of Catholic education, the Gehlen Catholic School Board
of Education established the Gehlen Catholic Schools Endowment Fund
in 1987.
What is an Endowment?
An endowment is a fund
whose principal is not spent. Only the income from
investments is used to support and assist Gehlen. As the fund
grows it becomes an important help to Gehlen. It keeps tuition
costs down; it lessens the financial burden on parishes, and it
assures a Catholic education to every child regardless of financial
status.
The Gehlen Catholic
Schools Endowment Fund is managed by a separate Board of Trustees
whose responsibilities are to solicit money for the fund, to
safeguard and invest the funds, and provide Gehlen Catholic with
income from the fund. The Endowment Board uses the services of
a professional money manager and follows a policy of conservative
investments. The Gehlen Catholic Schools Endowment Fund is a
legal, tax-exempt entity.
The simplest method is a
direct gift of money, real estate, or securities. Another
method is revising your will to name Gehlen Catholic School
Endowment Fund
as a recipient of a percentage of your estate. Still
another way is to name the Fund as whole or partial beneficiary of a
life insurance policy. Another method is a memorial....a gift
in memory of a loved one.
We suggest you visit
with your tax or legal advisor about these and other methods.
In such consultations, you need the name Gehlen Catholic School
Endowment Fund (Federal Taxpayer I.D. number 42-1301178) to
assure your gift keeps on giving.
Your gift - an
investment in young people - is a lasting treasure and will not be
spent. Only the income from your investment is utilized.
In other words, your gift continues to give to Catholic Education
for generations to come. Regardless of the size of your gift,
all contributions help build a sound endowment. Your gift will
be commingled with others to provide a strong base for Gehlen
Catholic's future. To obtain more information, or to make a
contribution-investment, please contact Gehlen Catholic or any
member of the Gehlen Catholic Endowment Board. Thank you.
For more information, please contact:
Gehlen Catholic Schools Endowment Fund
PO Box 54 Le Mars, IA
51031
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