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SCHOLARSHIPS & ENDOWMENT Annunciation Catholic Academy The Annunciation Catholic Academy Endowment and Charitable Trust has been established with the Catholic Diocese of Orlando to ensure that our parish school maintains a margin of long term excellence in its facilities, equipment, curriculum and programs that tuition revenues alone may not be able to support. Specifically, the Trust seeks to assist the school in achieving the following objectives:
The Annunciation Catholic Academy Endowment and Charitable Trust establishes two funds: (1) a general operating account where contributed funds may be dispersed on an annual basis to meet tuition assistance and other current educational needs; (2) an endowment fund which specifies that the corpus cannot be invaded and only the interest earned thereon can be used for approved expenditures. Unless otherwise specified, funds contributed to the Trust will be deposited into the general operating account where current needs will be met. All residual funds will then be transferred to the endowment fund for long term investment. Funds contributed to the Trust are managed for Annunciation Catholic Academy in concert with other Diocesan pension and investment funds by professional money market managers who are evaluated and rated by professional investment consultants on an annual basis. The Diocese of Orlando has adopted highly sophisticated and diverse investment guidelines resulting in outstanding financial returns for its investment portfolio. All funds contributed to the Trust are tax deductible. Funds contributed to the Trust are managed for Annunciation Catholic Academy in concert with other Diocesan pension and investment funds by professional money market managers who are evaluated and rated by professional investment consultants on an annual basis. The Diocese of Orlando has adopted highly sophisticated and diverse investment guidelines resulting in outstanding financial returns for its investment portfolio. All funds contributed to the Trust are tax deductible. We may not be able to live forever, but naming the Annunciation Catholic Academy Endowment and Charitable Trust as a beneficiary in a will, insurance policy or trust will enrich the lives of untold generations of students through future endowments. The bequest can even be held in trust to benefit a spouse or family member and thereafter be used to carry out the interest of the donor whether in tuition assistance, faculty and staff development and curriculum enhancement. Bequests offer the opportunity to give now while paying later. Charitable trusts provide an annual income to the donor, while offering a charitable deduction and reducing and capital gains taxes. Estate taxes can be reduced through planned giving. Charitable trusts, life insurance, appreciated assets, annuities and bequests provide excellent vehicles for giving a larger gift while preserving current income. The Development Office of the Orlando Diocese would welcome the opportunity to discuss the many options available. For more information concerning special bequests, please contact Monsignor Patrick J. Caverly, V.G., who will arrange a private and confidential meeting with the appropriate Diocesan development officer. All donors to the Trust will be included on the school’s mailing list and will be sent an annual report detailing the activities of the Trust. If you wish to be a partner with Annunciation Catholic Academy in fostering education excellence within the Annunciation parish community, we hope you will become an active supporter of the Annunciation Catholic Academy Endowment and Charitable Trust. Please complete the enclosed form indicating your contribution preference. If you have any questions or need additional information, please contact: Monsignor Patrick J. Caverly, V.G., Pastor For the 2009-2010 academic year, over 9% of our students received tuition assistance |
