An endowment gift to Saint Joseph Academy today provides a brighter picture for our future. When you make a donation to an endowment, you give a gift with both immediate and long-term benefits.
Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Saint Joseph Academy. The remaining funds are reinvested to ensure indefinite support.
An Example of How It Works
Longtime Saint Joseph Academy supporters Charlie and Susan have two goals: First, they want to make sure Saint Joseph Academy continues to receive support after they are gone. Second, they want to create a lasting legacy for Charlie’s parents.
Charlie and Susan make a $25,000 donation to Saint Joseph Academy, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of Charlie’s parents. Plus, Charlie and Susan qualify for a federal income tax charitable deduction on their taxes.
- Contact Constance S. Sipple, CFRE at 216.671.0166 or email@example.com to discuss endowed gifts.
- Seek the advice of your financial or legal advisor.
- If you include Saint Joseph Academy in your plans, please use our legal name and federal tax ID.
Legal name: St. Joseph Academy
Address: 3470 Rocky River Drive, Cleveland, OH 44111
Federal tax ID number: 34-1618516
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