1) What is the difference between the Campaign and Offertory collection?
The Campaign seeks to address long-range, extraordinary needs. Regular offertory provides funds for the day-to-day operating costs of individual parishes. However, the needs of our people call us to do much more. This capital fund-raising effort will enable us to meet the challenges we face and provide a stronger financial foundation to better serve our communities and extend the outreach of our ministries and programs.
2) This campaign seems a bit like the Catholic Stewardship Appeal (CSA)...
What is the difference between the two?
This campaign seeks to answer long range, extraordinary needs while the CSA funds the annual operating expenses of the diocesan programs and ministries. While parishioners have always been generous in supporting the CSA, the needs of our people call us to do much more than maintain the status quo. This capital fundraising effort will enable us to meet the challenges we face and provide a stronger financial foundation upon which we can better serve our communities and extend the outreach of our ministries and programs.
3) How will this campaign impact our weekly offertory at our Parish?
4) How do I know that my donation to this campaign will go towards the
Parishioners are encouraged to sustain their regular offertory contributions throughout the pledge redemption cycle and, historically, parish offertories are not substantially impacted in a negative way. In fact, it is possible that the offertory may increase as a result of a successful capital campaign as parishioners become more aware of the Church’s financial priorities.
components outlined in the case for support?
5) Our family’s financial situation doesn’t allow us to consider a pledge at the level requested. What should we do?
Bishop Mulvey has gone to great lengths to ensure that the funds raised for
Legacy of Faith ~ Future of Hope will be used exclusively for the components outlined in the campaign case for support. A leadership committee will be assembled to ensure the distribution of funds to the identified case elements.
6) Why do you think our family can give a gift at this level?
We really do not know much about your family’s financial situation, but we encourage you to consider a pledge to this campaign that best complements your propensity for sacrificial giving. Gifts to this campaign ought to be equal in sacrifice, not necessarily equal in dollar amount and it is our hope that your giving reflects this measure. Perhaps it is more appropriate for your family to consider a gift on another level. We recognize that your financial situation is unique, and, ultimately, your thoughtful decision will be most appropriate. This campaign is monumental in our church’s history, and we hope your commitment will mirror that.
7) Why am I asked to sign a pledge card?
No intrusive research of your financial wherewithal was conducted, and request amounts are based primarily upon your past generosity and also the financial needs of the Diocese and our parish. You are simply being asked to consider a gift at a specific level and it is our hope that you give this request some thought and prayer.
Parishioners are asked to sign commitment cards so that the gift may be appropriately acknowledged and documented, enabling the Diocese to send payment reminders. Pledges are not legally binding.
8) Why is the initial payment of 10% of the total pledge encouraged?
9) Can I pay a portion or my entire pledge with stock?
The Diocese of Corpus Christi and our parishes have immediate financial needs, and initial payments help increase the amount of money we are able to redeem. Most donors prefer to commence pledge payments immediately, many contributing significantly more than the suggested 10% down payment. Donors may also elect to pay less than 10% when making a down payment, or nothing at all.
10) Can trusts, deferred gifts or estate-type gifts be made to the Campaign?
Yes. Stock transfer forms are provided to donors who request them. The Diocese of Corpus Christi will sell a gift of stock immediately. The value of the gift is determined at the time of transfer.
11) To whom should initial payments be made?
Yes. Gifts of this nature often allow donors the ability to make gifts far larger than present income would allow. If a donor offers a planned gift, the volunteer should refer him/her to the Campaign Office for assistance.
12) Where do I send my payments?
All payments should be made payable to:
Legacy of Faith ~ Future of Hope.
All payments should be sent to:
Legacy of Faith ~ Future of Hope
P.O. Box 2620
Corpus Christi Texas 78403
13) How should subsequent payments be made?
14) Are gifts to this campaign tax deductible?
Donors may choose to pay pledge balances monthly, quarterly, semi-annually or annually. Reminders will be sent according to the pledge redemption schedule the donor specifies. For accounting purposes, and to ensure that your pledge payments are appropriately acknowledged and receipted, donors should not make pledge payments in the regular church offertory, nor should they be sent to the parish office to be deposited. Please use the reply envelope provided with the pledge reminder you received.
15) To what extent are gifts to the Campaign tax deductible?
Yes. As a 501(c)3 Organization, gifts to the Catholic Diocese of Corpus Christi are tax deductible, to the fullest extent allowed by law. Contact your tax advisor for more information.
16) Why emphasize pledged commitments?
Gifts to the Campaign are tax deductible as allowed by law. The application of such laws varies with individual financial circumstances. Parishioners with specific questions regarding tax deductibility should contact their attorney or tax adviser.
17) Can I make a Matching Gift with my company?
The Campaign emphasizes gifts given over three-to-five years because it allows individuals and families the opportunity to consider larger gifts. Experience in past campaigns shows that donors who made extended commitments were able to consider gifts three-to-four times larger than those who made one-time gifts.
18) What is the difference between an “Endowment” and a “Fund?”
Many corporations endeavor to match the charitable contributions of employees. Please contact your company’s Human Resources professional to determine if your company participates in a Matching Gift Program.
Endowments are monies that have been invested and ONLY the interest income generated is used to support the specified ministries and projects. The Funds will be invested in short term interest bearing accounts that will ultimately be used in their entirety to fund the intended ministries and projects for the purposes the monies were raised.