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Wisely Sharing God's Gifts

Charles Fischer Charles and Mary Ellen Fischer Pass On the Gift of Faith
When Charles Fischer was growing up during the Great Depression, he made $5 a day by washing cars, cutting grass and hauling ashes from coal furnaces for 10 cents a load with a small wagon he got for Christmas.

At each day’s end, he gave the money to his mother, Anne Mae Mologne Fischer, who gave him back a nickel to buy candy. She deposited the rest in an account for his college education.

One day he asked his mother for money to buy a radio. She, in turn, gave him a piece of financial advice that he followed: "Save your nickels."

A Great Way to Help the Church
A parishioner of St. John the Baptist Parish in Scottdale, Charles and his wife, Mary Ellen, established the Charles M. and Mary Ellen Fischer Endowment that will enable the Church and its faithful people to benefit from their generosity indefinitely.

With an endowment, the principal is invested and preserved, and only the income—such as interest, dividends or capital gains—from the endowment is used to support the Diocese, its parishes, Catholic schools, Catholic Charities and specific diocesan ministries.

"I thought this would be a great way to help the Church," Charles says. "We are trying to help make this a better world. Everything that we have—God gave us."

Joseph DiMario, director of planned giving, says the Fischer’s gift is an important part of the diocese’s ability to provide for future generations—as past generations have provided for us today.

"Their action is a manifestation of God’s expectation of us," Joseph says. "They worked hard, invested wisely and realized the fruits of those efforts. Now they are passing on God’s gift of faith to future 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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