Foundation’s News
Ways to Give Smarter At the End of 2022
Article by Russell James, J.D., Ph.D., CFP® Ways to Give Smarter At the End of 2022 1. Take advantage of inflation.The price of everything seems to be going up! If you own assets that have gone up in value too, this can also increase your capital gains taxes. However, when you donate those appreciated assets instead of cash, you avoid paying those taxes. 2. Make a charitable swap: Give appreciated investments WITHOUT changing your portfolioDonating appreciated assets creates TWO tax benefits. The tax deduction is the same size as a gift of cash. (The asset must have been owned for a year or more.) PLUS, you avoid paying capital gains tax.With a charitable swap, you donate old shares of stock…
MINISTRY SPOTLIGHT : Trinity High School
MINISTRY SPOTLIGHT : Trinity High School The Albert V. and Elizabeth B. Colangelo Fine Arts Center will provide a beautiful space for the entire school community to gather for Eucharistic and liturgical celebrations and to experience the exhilaration of live performance and visual arts events. Thanks to the generosity of Mr. Albert V. Colangelo who wanted to honor his wife’s memory by making a transformational gift to benefit the community. The Colangelo’s were dedicated members of the Catholic community in Ocala and Mr. Colangelo is excited to join with other donors to realize a dream benefitting the school and community for years to come. “We have been blessed to receive this transformational gift which allows us to move forward with…
Where Two Or More Are Gathered: 2022 Diocese of Orlando Priests’ Convocation
Where Two Or More Are Gathered: 2022 Diocese of Orlando Priests’ Convocation The Catholic Foundation of Central Florida had a presence at the convocation, greeting attendees with information about the programs and services provided by the Foundation, and sponsoring one of the dinners. Kimberlee Riley, Foundation President said, “I’m always humbled by the devotion and dedication that our diocesan priests bring to the faithful and our greater community. They not only serve their local parish, they strive to feed the poor, clothe the naked, and serve as a beacon of hope and inspiration through Christ. Being able to walk with them on part of their journey is a tremendous honor.” We can’t thank our diocesan priests enough for the vital…
Announcing Our 2022 Fall Event Grant Awards!
Announcing Our 2022 Fall Event Grant Awards! Funded by The Catholic Foundation of Central Florida Foundation Endowment, we are honored to announce the following grant awards: Fall Event Sponsorships Bishop Moore Catholic High School – Legacy Gala Blessed Trinity Catholic Church – Story of My Life Production Benefit Catholic Charities of Central Florida/Pathways to Care – Soup Bowl Supper Father Lopez Catholic High School – Boots and Beer Magnify of Central Florida – Harvest Ball Resurrection Catholic School – Home for the Holidays Benefit San Pedro Spiritual Development Center – Family Live Nativity St. Joseph Catholic Church, Palm Bay – A Christmas Carol Production Benefit St. Mary Catholic School – 15th Annual Fall Festival St. Thomas Aquinas Catholic School –…
Donor Spotlight : Meet Jean Reynolds
Donor Spotlight : Meet Jean Reynolds Jean Reynolds grew up on Long Island and studied English at St. Joseph’s College for Women in Brooklyn. In 1973 she moved to Manhattan with her husband, and although they loved city life, they were not fond of the cold winters, so they made their way down to Central Florida. Jean pursued her love for English and obtained her doctorate from the University of South Florida in 1988. She was a professor of English at Polk State College and also spent time teaching at a police academy and a prison school. Bernard Shaw, author of Pygmalion, inspired Jean’s passion in writing, and she went on to publish twobooks about him in addition to many…
Industry Spotlight : Inflation and Nonprofits
Industry Spotlight : Inflation and Nonprofits Wages are on the increase, which is good news. But that also puts nonprofits at a disadvantage, for every dollar allotted for salaries means a dollar less for services rendered. Inflation can be a threat to overall charitable giving as well. While a newsworthy megagift may inspire others to give, large donations such as these account for only about 5% of overall giving. The result of this can be that nonprofits experience higher expenses while also experiencing smaller donations. Some nonprofits fear they won’t be able to achieve their operational budgets. Our churches, Catholic schools and Catholic organizations are nonprofits and experience the same challenges as other nonprofits do. All organizations must have overhead….
Welcoming Extern Deacons
Welcoming Extern Deacons These orientations coordinated by The Office of the Permanent Diaconate will be done a couple times a year and assist our new deacons in learning about the resources available to every parish and ministry. The Office of the Permanent Diaconate is a diocesan office of the Bishop committed to serving the diverse needs of the diocese, local parishes and their surrounding communities. The primary purpose of this office is to provide support to the deacons’ ministerial life and the proper formation of permanent deacons. Extern deacons are ordained in another diocese and have relocated (permanently or seasonally) to the Diocese of Orlando and have requested and been granted faculties to exercise their diaconal ministry here. We are…
St. Thomas Aquinas Catholic Church St. Cloud. Capital Reserve Fund In Action
St. Thomas Aquinas Catholic Church St. Cloud. Capital Reserve Fund In Action Managed by The Catholic Foundation of Central Florida, endowments and reserve funds help parishes, schools and entities plan ahead for needed expenses. When the HVAC units in both the parish hall and school gym failed, the church was able to replace them both almost immediately, rather than needing to raise funds for this large, unbudgeted project. Capital Reserve Funds are great tools to leverage donor generosity with market return to provide for future capital improvements. Learn more about The Catholic Foundation of Central Florida’s reserve funds here: https://www.cfocf.org/reservefunds/
Board Member Spotlight: Mr. Bill S. Orosz
Serving on the board of the Catholic Foundation of Central Florida has impacted many lives in many different ways. Meet Founding Chairman, Mr. Bill S. Orosz, Jr. and learn how the Foundation has impacted his life. Board Member Spotlight: Mr. Bill S. Orosz _____________________ Next blog
Industry Giving Trends
Industry Trend Spotlight: Giving in Florida The Catholic Foundation is a member of the Florida Nonprofit Alliance which has published an informational report on the generosity of Floridians. Key Findings in this report include: Want to learn more about giving trends in Central Florida and charitable tools that you can use to make a greater impact? Call The Catholic Foundation at 407-246-4889 and ask to speak with one of our philanthropy advisors. _____________________ Next blog