| Development News | ||||||||||
| Introduction Family and friends, former and current students and their families are invited to join the SND mission through their spiritual and material support. A quarterly newsletter, Vision and Challenge, is published by the Development Office to share current updates about the SND life and ministry. To have your name placed on the mailing list, e-mail Carmela Burke or see the Response Form. The Sisters of Notre Dame are financially independent from the Catholic Church. Although a number of the sisters receive a small stipend for their services, additional sources of income are needed especially for the retired sisters and for ministries which meet the needs of the poor, both in the United States and in Africa. Four funds have been established: The Retirement Fund supplements Social Security to provide total care for approximately 25 retired sisters; according to the National Religious Retirement Office, this need is substantial since the province’s Retirement Fund is less than 50% of the recommended amount. The Life and Ministry Fund underwrites the living expenses and ministry activities of the sisters, particularly the sisters in the province who give uncompensated service to the church and for several sisters who are disabled. |
||||||||||
|
||||||||||
The Julie Fund provides grants to various SND projects that assist the financially-disadvantaged and vulnerable. The maximum annual grant is $2,000 for each project; recent grants have been awarded to: |
||||||||||
| Conejo Youth Employment Service,
Thousand Oaks Employment counseling for youth-at-risk La Reina High School, Thousand Oaks Scholarships for deserving students St. Anthony Parish, Long Beach Bibles for adult education St. Lawrence School, Los Angeles (Watts) Scholarships for deserving students Ventura County Prison Ministry, Ventura Bibles and evangelization materials for prisoners [Applications for Julie Fund grants may be made only by Sisters of Notre Dame of the California province.] |
||||||||||
| Donors are asked to consider contributions
through: CASH GIFTS The easiest gift to make is a gift of cash; these donations are deductible for income tax purposes, subject to Internal Revenue Service limitations and guidelines. MATCHING GIFTS Many large corporations will match their employees’ donations. Donors are encouraged to contact their Human Resources Officer for further information. The Internal Revenue Service tax-exempt number for the Sisters of Notre Dame of Los Angeles is 95-2005867. MEMORIAL GIFTS IN LIEU OF FLOWERS A number of SND friends have asked about contributions in memory of a loved one who has died, in lieu of flowers. The following information would be appropriate to include in a newspaper obituary notice: "In lieu of flowers, the family requests donations to the Sisters of Notre Dame c/o Development Office 1776 Hendrix Avenue Thousand Oaks, CA 91360." UNITED WAY Please see information at United Way. LIFE INSURANCE Donors may make The Sisters of Notre Dame of Los Angeles the beneficiary of a life insurance policy. The policy proceeds are then deductible for estate tax purposes. A current income tax deduction is also possible for making the Sisters of Notre Dame the owner of a policy. MARKETABLE SECURITIES A gift of marketable securities which are otherwise subject to long-term capital gains is often advantageous. A donor may avoid payment of capital gains tax on the increase in the value of the stock and receive a deduction for the full fair market value of the stock at the time of the gift, subject to limitations. |
||||||||||
|
||||||||||
