Parish Endowment

For more information on making a gift to the Endowment Fund of St. Joseph the Worker, please call (610) 395-2876 or write to the address below:

St. Joseph The Worker Endowment Council

1879 Applewood Drive

Orefield, PA 18069

Click here for the
Endowment Brochure

 

IN MEMORIAM FUND

After the death of a family member you are invited to have that person's name commemorated on this Church Plaque, by suggesting that memorial offerings be donated to the Church in memory of the deceased person.

Monsignor Wargo instituted the Parish Endowment Council several years ago to address the future needs of St. Joseph the Worker parish and to assist parishioners in planned giving strategies and techniques above and beyond weekly collections. The Council overseas the receipt and disbursement of these charitable gifts for purposes identified by the donor and carried out by the Council to fulfill various needs of the church, school, parishioners and educators. In addition, the Parish Endowment Council works to promote the significant benefits of the Education Improvement Tax Credit to both corporations and Catholic school families.

What is an Endowment Fund?

An endowment is a fund which is built up over a period of years to gain fiscal strength. When the fund reaches a certain level, monies are distributed to finance projects and meet developing needs. The capital from the funds would be spent as needed to meet opportunities as approved by the Development Council and Pastor. The operation of the endowments is governed by a strict set of rules which control the use and distribution of the funds.

St. Joseph the Worker has established four funds:

Church Endowment

School Endowment

Angel Fund

Why should I consider a donation to the Endowment Fund?  How will the money be used?

Your gift will:

Provide for new programs and ministries

Enhance the teachers salaries

Create state of the art advances in computer technology

Consider new capital improvements

Keep pace with the unexpected challenges and opportunities of future needs

Further the mission of St. Joseph the Worker Church and Educational Center

* No monies from the endowment funds will be used  for operational or maintenance of the church and school.


Giving Options


Gifts: A major gift may be made as an act of charity, in thanksgiving, or for any personal reason or intention.

Donations in Lieu of Flowers: Memorialize or honor your recently deceased loved one. Donations may be made to either endowment fund rather than flowers. This request would be noted in the newspaper obituary as well as relayed by the Funeral Director. All such contributions will be acknowledged in writing to the family of the deceased.

Gifts of Appreciated Assets: Donors of appreciated assets receive a double tax benefit. Appreciated assets include securities, mutual funds, IRAs and real estate. You can deduct the full fair market value of the appreciated asset - not just the original purchase price. You save again by avoiding capital gain taxes on the paper profit.

Bequests: A bequest made in your will can be of a stated dollar amount, or if you prefer, a percentage of the amount remaining after paying all inheritances, debt and costs. A bequest outside of your will can be made by designating St. Joseph the Worker as the beneficiary of a life insurance policy, pension plan, 401(k) plan or other financial account.

Life Insurance Policy: Do you own a life insurance policy that is no longer needed for the security of your family? You may choose to name St. Joseph the Worker Endowment as the sole owner and beneficiary of the policy. It does not matter if your policy is paid-up or if you are still making premium payments, you can enjoy tax deduction benefits for this type of gift. If you are young parishioner with a greater need to maintain your coverage, you may name the endowment fund as both owner and beneficiary. In addition, payment of your premiums annually through a contribution to the endowment will result in charitable deductions on your income tax.