There are many financial solutions or gift models to help you learn about how you can give a planned gift to your parish, school, or ministry, now or in the future. A planned gift, with the help of a professional estate planning or financial representative can help clarify the solutions for your situation.

For more information about planned giving, visit archkck.giftlegacy.com
 

The Legacy Society at St. Michael
                                       --The Leaven

St. Michael Parish Endowment Fund - Endowing the Future

The St. Michael the Archangel Catholic Parish Endowment Fund was established to strengthen the financial well being of St. Michael church and school in perpetuity. The fund is overseen by a Legacy Society board appointed by the pastor. The current Chair is parishioner Bob Grabill.

What is an Endowment Fund?
An endowment is a permanent investment of gifts from which the income earned will be used to support a particular parish, school, or ministry.  Only the income or interest earned is available for distribution, so the donor's original gift is never spent.
As a result, endowed funds provide a perpetual, supplemental source of income for such things as the enhancement of programs and ministries, facilities maintenance, tuition and teacher assistance, etc. By planning today, endowments protect parishes, schools and ministries against changing demographics and increasing expenses.

What an Endowment Fund IS NOT:
An endowment fund...
...IS NOT a long-term savings plan that can be spent when a big expense arises
...IS NOT a capital fund
...IS NOT an alternative to the Archdiocesan Deposit and Loan

Why should we put money in an endowment instead of savings?

• To allow donors to leave a legacy gift that will be felt for generations
• To create strengthened financial viability for the parish into the future
• To allow the parish to receive stock market returns on investments
• To plan for increased operational expenses
• To protect the assets

Learn more by watching this short video from Fr. Brian about the benefits of contributing to the St. Michael endowment fund to leave a lasting legacy for God's glory.

St. Michael the Archangel parishioners are invited to join our Legacy Society. If you would like more information on how to become a member or how to set up an endowment fund, please contact our Parish Administrator, Rob Lisch, at 913-402-3907 or rob.lisch@stmichaelcp.org