Our patron saint, Joseph, the carpenter, was blessed with the ability to build works of lasting value for generations after him. Like Joseph, we can leave a legacy – perhaps not built with our hands, but built with the blessings God has bestowed upon us.
The St. Joseph Cathedral Foundation has been created as a means to help build a lasting source of support for our parish and school. The Foundation accepts gifts of cash and other assets, which are preserved and invested or long-term benefits. All the money donated stays in the parish, growing in the Foundation fund, while the earnings are used to meet special needs. In addition to providing a legacy of stewardship, gifts to the Foundation also may provide substantial tax benefits for the contributor.
If you would like more information, please contact the pastor at 573.635.7991 or Alan Mudd at 573.632.8507.
Frequently Asked Questions
What is the St. Joseph Cathedral Foundation? The Foundation is a special, not-for-profit corporation established for the Cathedral Parish to accept contributions of cash and other assets from those who wish to make gifts that provided a long-term legacy for the parish.
How will funds in the Foundation be used? Generally, the contributions made – the principal – will be preserved, and only the earned income from the invested fund will be used. The Foundation Board of Directors will seek input from parish groups then, in consultation with the pastor, the Board will decide when and how the income will be used.
Can I designate how income from my contributions will be used? Yes, you may designate how the income from your gift will be used. However, donors are encouraged to give unrestricted gifts to provide flexibility to meet future parish needs.
Other than outright cash donations, how can I contribute? You can donate securities, real estate and life insurance. You can make a bequest to the Foundation in your will. You can set up a charitable trust and establish a memorial gift when a loved one dies.
Can the principal in the Foundation ever be spent? Only in the case of urgent need, with a two-thirds vote of the Foundation Board of Directors.
Will a gift to the Foundation replace my weekly tithing to the Church? No. The Foundation serves as a way to donate accumulated wealth to meet long-term parish needs. Your regular tithing is important to meet current parish expenses.
Why is the Foundation necessary? The Foundation establishes a steady, secure source of income to supplement future needs of the parish. It provides a way for parishioners to donate to the parish, knowing their gifts will provide a lasting legacy.
If I want to make a gift to the Foundation, what’s the next step? Please contact the pastor at 573.635.7991 or Alan Mudd at 573.632.8507.
Ways to Leave a Legacy
- Cash Gifts: Cash is one of the simplest ways to make a lasting gift, while receiving a charitable income tax deduction.
- Securities: Gifts of appreciated securities, such as stocks, bonds and mutual funds, may allow you to deduct their full market value as a charitable contribution.
- Memorials: The passing of a loved one is a meaningful occasion for making a lasting fit in his or her memory.
- Bequests: Gifts through a will or trust allow you to make a contribution while possibly saving estate taxes and not reducing your assets during your lifetime.
- Real Estate: A home, farm or other property can be deeded to the Foundation and you may be able to deduct the fair market value as a charitable contribution. Furthermore, you can deed the property to the Foundation now, while retaining the right to use it for the rest of your life.
- Life Insurance: Naming the Foundation as a beneficiary of a life insurance policy allows you to make relatively modest contributions toward a large gift to benefit the Foundation later.
- Charitable Trust: With an irrevocable, tax-exempt trust you retain a fixed income from the trust, while transferring the remainder to the Foundation.
Cathedral Foundation Board
Monsignor Robert A. Kurwicki, Pastor – 573.635.7991 or email
Greg Kremer – 573.659.8149 or email
Louis Landwher – 573.634-2122
Alan Mudd, Chair – 573.632.8507 or email
Shelly Poire – 573.644.4539 or email
Dr. William Voss – 573.893.3373 (home), 573.659.7681 (cell) or email
Cliff Olsen (ex-officio)
Matt Tolksdorf (ex-officio)