“My husband Tom and I chose to establish an endowment to Reitz Memorial in gratitude for the Catholic education we received while there. This Education was made possible by the efforts and contributions of the generations before us. Our endowment is intended to allow Reitz Memorial to continue to excel, and to keep that tradition for those who follow us.”
-Ann (deJean) Scheitlin 1945 and Thomas G. Scheitlin 1942, (deceased)
Our planned giving program, Providence of the Holy Cross Society, was named in honor of the Brothers of Holy Cross and Sisters of Providence who provided leadership and instruction for generations of our students. Families, individuals, and corporations who support Reitz Memorial High School by means of a planned gift in the amount of $1000 or more qualify for membership in the Providence of the Holy Cross Society. Any entity who names the school in their will also qualifies for membership.
At Reitz Memorial High School, we have been fortunate to have tremendous support from donor who have initiated planned gifts. When envisioning our future, we know that planned gifts will continue to play a vital role to sustain our mission of providing faith filled learning. The following are planned giving options to consider:
An endowment is a gift of money or other donated property (stocks, bonds, real estate, etc.) invested to produce ongoing income for a specific or general use.
The donor who establishes an endowment is, in essence , creating their own Catholic Legacy at RMHS. They have the opportunity to name a specific need or program within the school. Donors may establish and name the endowment for a minimum gift of $5000. Anyone can add to an existing endowment at any time and in any amount.
Donor Advised Funds
A donor advised fund is a charitable giving vehicle to manage charitable donations given by an individual, family, or organization. Donors surrender ownership of any donation that is deposited into the fund but retain advisory privileges on how the fund is distributed to RMHS. A donor advised fund can be set up with a minimum contribution of $5000.
Bequests refer to the distribution RMHS receives as a result of the provisions of an individual’s will. Through a bequest, any donor can help to preserve and create, for the enjoyment of future generations, an educational institution that has a special meaning.
Life insurance is an easy way to contribute small amounts to RMHS while at the same time ensuring that your contribution will accumulate significant value. By simply naming the school as the beneficiary and owner of the insurance policy, you can make a marvelous gift without disturbing other assets or loss of income.
Corporate Matching Gifts
Many Employers sponsor matching gift programs and will match any charitable contribution made by an employee ( in some cases doubled or tripled) toward a 501(c)(3) charitable organization. To find out if your company has a matching gift policy, contact your human resources department and request a matching gift form.
Charitable Gift Annuity (CGA)
A charitable gift annuity is a gift vehicle which involves a contract between a donor and a charity, whereby the donor transfers cash or property to the charity in exchange for a partial tax deduction and a lifetime stream of annual income from the charity. Upon the donor’s passing, RMHS would retain the balance in the form of an endowment. The initiation of a CGA can be facilitated by the Catholic Foundation of Southwestern Indiana.
For more information on planned giving at Reitz Memorial, contact school President, Mr. John K. Browning, at (812) 303-0007 or email@example.com