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Perpetuating Our Heritage, Our Faith

Mark Ratesic Mark Ratesic is the third generation of Ratesic men to live in Republic, work in the coal mines and attend Holy Rosary Parish. His grandfather, who immigrated to Republic from Croatia, passed on his work ethic, religious values and cultural traditions to his family.

Mark is determined to preserve that heritage, including the Catholic faith, for future generations.

Mark, who attended Holy Rosary School for kindergarten through eighth grade, says he received a high quality education from dedicated teachers who instilled hard work, discipline, respect and morals in students. Although the school is now closed, Mark has fond memories of his days there and hopes that there will be a resurgence of Catholic education in the future to help mold upstanding citizens and increase the dwindling number of clergy.

The only coal miner still living in "the patch," the original miners' area of town, Mark has remained committed to his childhood church. He's always ready to lend a strong hand at parish events, performing physical jobs like taking orders and serving food at the street fair. He also has a special spot in his heart for the annual Easter fundraiser during which he helps make traditional pierogi.

"The Church is part of my family and my culture," Mark says. "It's a community of good people."

Mark sees the role of the Church today as a "beacon on a hill," the standard by which people measure themselves.

"It keeps people together," he adds. "Like it says in the Bible: You gather or you scatter."

To help sustain the Church, Mark has made regular financial gifts for decades and has made the Church a beneficiary of his will. He has specifically designated portions of his bequest to the Church, the cemetery, the priests' retirement fund, Peter's Pence Collection and the Diocese of Greensburg.

Mark's contributions indicate his desire to support the structure of the Church as well as honor those who have devoted their lives to delivering the word of God. His support is also a way to perpetuate the heritage and faith that have been the cornerstones of his family and his community for generations.

How to Help
For more information on how a planned gift works or how you can support our vital work, please contact Joseph DiMario at 724-552-2502 or jdimario@dioceseofgreensburg.org. We are happy to discuss these and other planned giving options to help you find the option that works best for your situation.

Contact Us:

Joseph DiMario | 724-552-2502 | jdimario@dioceseofgreensburg.org | 723 East Pittsburgh Street, Greensburg, PA 15601

A charitable bequest is one or two sentences in your will or living trust that leave to The Catholic Foundation for the Diocese of Greensburg a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to The Catholic Foundation for the Diocese of Greensburg, a nonprofit corporation currently located at 723 East Pittsburgh Street, Greensburg, PA 15601, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the Church or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the Church as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the Church as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and the Church where you agree to make a gift to the Church and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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