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A Family's Love for Cathedral

Steve '85 and Kim Jamell

Steve and Kim Jamell

The Jamell family

When you think about all the ways a family can be connected to Cathedral High School, the Jamell family touches them all. Steve Jamell graduated from Cathedral in 1985. He has a sister who graduated from Cathedral in 1988, four uncles who graduated in the 1960's and 70's and his mother is a St. Agnes graduate. Steve's wife, Kim has taught Spanish at Cathedral since 2007. Their oldest son, Nicholas, graduated from Cathedral in 2013, the middle son, Daniel will graduate in 2018 and Gabe is in the class of 2021. The Jamell family's love for Cathedral High School runs far and wide.

Their love of Cathedral has been translated in many ways, including through their giving habits. Their family has given to the Cathedral Fund each year and they have also become members of the Holy Cross Legacy Society through a gift of life insurance to Cathedral.

Becoming a member of the Holy Cross Legacy Society was an easy decision for Kim and Steve.

"When I attended Cathedral, I had help, so it's important to me to give back and make sure if a child wants to attend Cathedral, he or she can do so," says Steve. "Money should never be a deterrent from attending Cathedral High School."

"Cathedral High School really formed the person I am today," Steve continues. "I started at Cathedral as a shy kid who really didn't like to talk to people and graduated as someone who was ready to take on the world."

"I certainly share Steve's love for Cathedral," says Kim. "I love working here, I love my students and I love our extended Cathedral family."

Kim still remembers how Cathedral reached out and supported the family when Nicholas was born.

"Nicholas had open heart surgery when he was just 9 days old and our Cathedral family was so kind to us," says Kim. "I remember Steve going to work (at Cathedral), only to be told to leave and go be with his family. I'll never forget how well we were treated during that time."

"Our Cathedral family went above and beyond to help Kim and I during that time. The love that was shown to my family is a perfect example of the kind of community that is Cathedral," says Steve.

Nicholas is healthy and doing well, working and attending the Kelly School of Business at IUPUI.

"As a parent, I couldn't be more thrilled with Cathedral. One of the best experiences is the senior retreat. It's a great life experience and something all of the kids should take advantage of before they graduate."

The tradition of giving at Cathedral High School follows the history of almost 100 years. Kim and Steve have made Cathedral a beneficiary to a life insurance policy, which is one of the ways people can leave their legacy with Cathedral. The impact of their gift will be felt for years to come as there continues to be a need to support the students.

From tuition assistance, ever changing technology, and the commitment to having the best teachers in all of education—legacy gifts allow the school to plan for the future and ensure the commitment to excellence stays strong.

If you are interested in making a legacy gift to Cathedral, please contact Abbe Ernstes at (317) 968-7348 or aernstes@gocathedral.com.

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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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