Ty McCormack and Kylan Maguire
Ty McCormack and his fiancée, Kylan Maguire, were making plans for their wedding and future together, and near the top of their list was a discussion about estate planning. As a financial planner and son of an estate planning attorney, Ty understands the value of having all of one’s financial affairs in order at all times. He had also been taught, from a young age, the value of philanthropy and the belief that “as each one has received a gift, use it to serve one another as good stewards of God’s varied grace” (1 Peter 4:10).
“I was blessed to have been raised in a Roman Catholic family where our faith came before anything else. In my career and personal life, I am very prudent with money in regards to which organizations I trust with my assets. After doing a thorough analysis of The Catholic Foundation of Central Florida, I felt confident that there was no other place that would honor our charitable legacy better.”
As a result of this same confidence, Ty last year became a founding member of The Catholic Foundation’s Planned Giving Advisory Council, endorsing The Foundation’s philanthropic impact in Central Florida. This Council comprises a group of active and talented charitable gift and estate planning professionals dedicated to the mission and vision of The Catholic Foundation.
Upon notifying The Catholic Foundation of their plan to leave a legacy gift as partial beneficiary of a life insurance policy, Ty and soon-to-be-wife Kylan, both age 28, have become the youngest members of the Vivos Christi Legacy Society. This society recognizes faithful parishioners that have left a gift of any size to their parish, parish school or other Diocesan entity in their estate plan. Ty and Kylan’s gift creates an endowment that will support the Pre-Cana program at St. James Cathedral, where they attended. Their beautiful, selfless gift will make it easier for current and future generations of engaged couples to establish marriages based on Catholic values that promote family life centered on faith.
Ty and Kylan’s gift demonstrates that it is never too early to begin planning your legacy of impacting lives and stewarding the gifts that God has given you. Creating your Catholic legacy can be a simple five-minute process of naming your favorite parish, parish school or ministry as a beneficiary in your life insurance policy, IRA or bank account.
Since this story was published, Ty and Kylan McCormack were united in holy matrimony in April 2021 at St. James Cathedral surrounded by family and friends. In addition to their legacy plan, they have since opened the McCormack Family Charitable Donor Advised Fund to organize their ongoing charitable efforts.
To notify us of a legacy gift you have planned for your favorite parish, parish school or diocesan ministry, or to get more information about legacy planning or the Vivos Christi Legacy Society, visit mycatholiclegacy.cfocf.org or contact Madelyn Weed, CFRE, Vice President, Chief Donor Services Officer, or (407) 246-7188.