A Gift That Honors a Life

Memorials and Tributes

If you have a loved one who has been impacted by Cathedral High School, establishing a memorial or tribute gift is a meaningful way to honor your loved one or celebrate a special occasion such as a birthday while supporting the work of our mission. Your memorial or tribute gift will be a lasting tribute to your loved one and make a difference in the lives of those we serve.

Memorial Opportunities to Honor a Friend or Loved One

Memorial Benches

A permanent bench provides a functional option that offers an enduring way and enhances the beauty of the Cathedral High School campus. Benches have proved very popular locations for students to study while providing an opportunity for students to immerse themselves in the campus.

A charitable contribution of $2,500 covers the expense of the bench and the engraving of a special message.

Memorial Trees

Planting a tree to remember a loved one adds to the campus beauty while also memorializing a loved one or friend of Cathedral High School. Cathedral will work with you to establish an appropriate location and tree to honor or memorialize someone. In addition to the tree, a bronze plaque will mark the location with a special message. A charitable contribution of $1,250 allows the school to acquire the tree and the brass marker plaque.

Memorial Brick

Have the name of a friend or loved one added to our brick patio. A charitable contribution of $500 allows a brick to be inscribed. Each brick can include the individual’s full name and class year.

 

For more information about memorial options, please contact:
Abbe Ernstes, Director of Major and Planned Gifts
Phone: (317) 968-7348
Email: aernstes@gocathedral.com
5225 East 56th Street, Indianapolis, IN 46226

An Example of How It Works

Father and daughter smiling When Sarah's father passed away, she knew she wanted to do something that would establish a lasting legacy for him. She remembered that during his lifetime he was always praising Cathedral High School for its tireless efforts to better his community.

Sarah decided to make a gift to Cathedral High School in her father's name using appreciated securities. Not only will her father's legacy live on at Cathedral High School thanks to the gift, but Sarah also received a federal income tax charitable deduction (because she itemizes her taxes) and eliminated capital gains tax on the securities.

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Next Steps

  1. Contact Abbe Ernstes at (317) 968-7348 or aernstes@gocathedral.com for additional information on creating a memorial gift at Cathedral High School.
  2. Seek the advice of your financial or legal advisor.
  3. If you make a memorial gift to Cathedral High School through your estate, please use our legal name and Federal Tax ID.

Legal Name: Cathedral Trustees, Inc.
Address: 5225 East 56th Street, Indianapolis, IN 46226
Federal Tax ID Number: 35-6254955

Make a Gift

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 High School 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 High School 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 High School 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 High School where you agree to make a gift to Cathedral High School 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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