Endowment
Sacred Heart of Jesus Catholic Church Endowment
“Whoever is generous to the poor tends to the Lord, and he will
repay him for his deed”, Proverbs 19/17
This sentiment is exactly what led 11 parishioners, in late 2015, to establish an endowment for the benefit of the Sacred Heart Parish. This charitable legacy would be giving and helping long after they are gone. The endowment, which is set up under the fiduciary care of the Arkansas Community Foundation, will provide an annual payment for our charitable outreach programs inperpetuity. As of May, 2026, the endowment is valued at $134,480. That balance has the potential to provide over $5000 annually to our Social Justice and Charitable Outreach committee. This annual amount will grow in size as the Endowment grows. Today’s parishioners can honor the vision of the endowment's founders by helping to grow the endowment. One of the ways you can assist in this growth is to make donations in honor of a deceased friend or acquaintance or to honor a friend for a special achievement, and designate that gift to the endowment.
Outright Gifts for Impact Now
Cash Gifts. Cash gifts are fully deductible up to 60% of the donor’s adjusted gross income in any one year.
Securities. Giving stocks, bonds, or mutual funds is an effective way to grow the endowment, without impacting your cash flow. This is a particularly attractive option if the securities have a large capital gains tax liability.
Real Estate. A current residence, investment property, vacation home, farm, and land can be used for charitable purposes. Real estate gifts are tax-wise giving opportunities.
Charitable IRA Rollovers. Donors who are 70 ½ or older may contribute up to $108,000 of the Required Minimum Distribution from their traditional IRA without being subject to federal income taxes.
Planned Gifts for a Perpetual Legacy
Will or Trust Designation. Naming Sacred Heart as a beneficiary in your will, or trust, is a straightforward way to leave a specific amount or a percentage from the remainder of your estate.
Life Insurance Beneficiary. Designating your charity as beneficiary of a life insurance policy also allows the option of leaving a portion or a designated dollar amount.
Retirement Plans. IRA, or similar plan, is one of the best types of assets to transfer to charity. If these plans are left to your heirs, many of their tax benefits are lost and they may produce taxable income for your heirs.
Charitable Gift Annuities. A charitable gift annuity is a powerful estate planning tool that can provide you a guaranteed income stream for life, can offer an immediate income tax deduction, and let you leave a legacy to the cause of your choice.