Planned Gifts

Joliet Catholic Academy understands the importance of long range planning for major gifts. The JCA Endowment Fund will ensure that the school will have a significant source of future funding. Making a donation to JCA’s Endowment Fund will benefit current and future Angels and Hilltoppers. The Endowment Fund is simply a sum of money set aside similar to a saving account and invested in a diversified portfolio. A portion of its interest is used on an annual basis toward the financial needs of JCA. As a result, the principle remains invested and continues to grow for years to come.

How can we contribute to the Endowment Fund?

  • Cash – A gift of cash, check or credit card for a specific amount can be given to JCA to be invested into the endowment fund.
     

  • Investments – Stocks, bonds, and mutual funds can be gifted to the school. After receiving the securities, Joliet Catholic Academy will sell them and redistribute the case from the sale of the securities into their diversified portfolio.
     

  • Life Insurance – Life insurance can be purchased by an individual and Joliet Catholic Academy named as the beneficiary. Upon the death of that individual, JCA would receive the death benefit and the funds would be redistributed into the endowment’s diversified portfolio.
     

  • Estate Planning – Individuals can include Joliet Catholic Academy as a beneficiary of a portion of their estate through their wills and trusts. One percent of a million dollar estate could not only help the families with estate taxes but could also help thousands of JCA students for decades.

How does this benefit my family?

All of the gifting procedures stated above would be a tax deduction. Most importantly, you would be preserving Catholic education, values and friendships that you have benefited from for future generations of Angels and Hilltoppers.

Not all of the available methods of giving could be included on this site, and not all the tax ramifications of each form of gift could be explained. Check with your financial advisor or attorney for additional information on how these general rules apply to your situation.

For more information contact Mr. John Horn, JCA's Director of Development, at (815) 741-0500 or jhorn@jca-online.org.