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Honoring Whom You Have Become: Father Patrick Beidelman Benefits the School That Helped Shape Him

Father Patrick Beidelman

Father Patrick Beidelman's planned gift will benefit future generations of students.

As a priest for the Archdiocese of Indianapolis, Father Patrick Beidelman is often called upon to talk to people who are thinking about the meaning of their lives and how to leave a lasting legacy. About five years ago, he realized that he should also "practice what he preached." He had reached a point in his life as a priest where he felt he was more financially stable and able to consider planned giving.

"I recently was involved when my own parents were making their estate plan and it got me thinking about the people and places that have helped me become who I am today," says Father Pat. "Cathedral is definitely one of those places."

Lifelong Connections

Father Pat is a 1990 graduate of Cathedral High School and has served on the school's Board of Directors since 2000. But his lifelong connection with Cathedral runs even deeper. "My father, my uncles, my twin brother and my two older brothers are alumni also," he says. "My nephew graduated in the class of 2012 and this year, my twin nieces are freshmen at Cathedral."

More important, Cathedral gave Father Pat a connection to his vocation. "Cathedral was the place that allowed me to explore my spirituality, to expand intellectually and grow socially. As an active participant in the theater department, Cathedral helped me learn how to connect with an audience and communicate ideas. Cathedral was where I was able to begin to develop the gifts that God gave me. Being able to give back through planned giving is very important to me."

Being on the Board of Directors at Cathedral, Father Pat knows the value of unrestricted gifts. "Though I certainly feel an affinity for the theater program, I trust the leadership of the school to determine the right place for my gift when the time comes. I feel comfortable knowing that funds will be allocated to where they are most needed."

Giving the Gift of the Future

Father Pat believes his relationships with Cathedral classmates, faculty and staff all have been instruments of God's presence in his life. Leaving a legacy to the school through planned giving is one way for him to honor a special place in his life. "I've received more from Cathedral than I'll ever be able to give back," he says.

If you are interested in more information, please contact Abbe Ernstes at or (317) 968-7348.

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A charitable bequest is one or two sentences in your will or living trust that leave to Cathedral High School a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Cathedral High School, a nonprofit corporation currently located at 5225 East 56th Street, Indianapolis, IN 46226, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Cathedral or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Cathedral as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Cathedral as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Cathedral where you agree to make a gift to Cathedral and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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