Advancing the
MISSION INCARNATE WORD ACADEMY FOUNDATION NEWSLETTER
SPRING 2019
INCARNATE WORD ACADEMY FOUNDATION CELEBRATES 30th ANNIVERSARY The Foundation provides a structured, organized and ongoing way of funding the needs of the school and a vessel for accepting contributions, offering opportunities for honoring loved ones through named scholarships, encouraging bequests to promote Catholic education, and generating tuition assistance for qualifying students. A planned giving program, launched in 2003, allows donors to contribute larger gifts during their lifetimes During the past 30 years, the Foundation, through the or in their wills. Through the IWA Planned Giving Program, contributions of generous donors and the Incarnate donors are invited to promote and enhance Catholic Word Sisters, has provided scholarships and tuition education at Incarnate Word Academy. A program assistance for more than 5,000 students, many of whom entitled “IWA Forever” allows donors to continue their might otherwise have been unable to benefit from current level of support through planned giving so their quality Catholic education at IWA. In addition, the love and dedication for the school lives on as their legacy. Foundation has funded faculty and staff in-services, educational programs, and the Missions Program, which Generous bequests of past donors have given Incarnate has taken student-missionaries to areas of service in Word Academy the means for continuing to provide Mexico and in East and South Texas through the years. excellence in education and to advance the mission. The Sisters of the Incarnate Word and the IWA School Contributions have come from bequests; scholarships Community are grateful to the many donors who have set up in memory of loved ones—students, teachers, given students the opportunity of a Catholic education, parents, or family members; earnings on investments; enabling them to develop their skills for strong Christian and from the Incarnate Word Congregation in the form leadership and active community service. of direct tuition assistance. With these donations, assets in the Foundation have grown to $6,351,727, as of June Certainly, the many students who were educated at IWA 30, 2018. Through support of the Foundation, donors because of scholarship and tuition assistance have had practice Christian stewardship and make a difference in a positive impact on their communities. They stand as a their own lives and in the lives of others by investing in living tribute to the IWA Foundation donors and their essential role in strengthening Catholic education and the future. shaping leaders for the future. Incarnate Word Academy and the Sisters of the Incarnate Word and Blessed Sacrament announce the celebration of the 30th Anniversary of the Incarnate Word Academy Foundation, established by the Sisters in 1989. The entity has made a great difference in the lives of many students by offering them the opportunities of a Catholic education.
ADVANCING THE MISSION Charitable Gifts Can Help Answer the Question:
How Much Is Enough for Retirement?
If you were a pika, a small mammal that lives on the rocky slopes of snowy mountains in the western United States, you would need to accumulate a pile of hay and other plants totaling 50 times your body weight to make it through each winter. For humans in the United States, the “pile of hay” consists of investments and other sources of income—and the challenge is to have enough to last through retirement years of uncertain duration and often with unanticipated needs. There are two types of charitable gifts that can help.
entirely dependent on Social Security. Others, and you may be among them, are much better situated—able to look forward to a secure retirement as well as legacies for loved ones and favorite causes.
You may have achieved some degree of financial success, and you would like to share a portion of your accumulations with us and other charities. However, you hesitate to give any substantial amount now because you are concerned that you might not have enough for personal needs. Just as the pika does not want to run out First, more of our metaphor, the pika, a member of the of food before the winter ends, you do not want to run rabbit family, and slightly larger than a hamster, spends out of funds if you are blessed with a long life. its winters among crevices in the rocks that are blanketed with snow more than six months a year. Since it does Two types of charitable gifts can not hibernate, it must store enough food to last until help. If you are concerned about the snow melts and the slopes spring to life with new your “pile of hay,” you might growth. Thus, during the summer months, it can be seen consider two types of charitable scurrying between mountain meadows and the piles gifts. One is a life-income gift, an of rocks—dragging flowers, hay, and other grasses and example of which is a charitable plants to an ever-growing pile at the mouth of its rocky remainder trust. It can pay you, home, all the while keeping an eye out for predators or you and a spouse, income for and guarding its stash against the pilfering of other life. Often the amount of income pikas. Accumulating a surplus of 50 times its 1-pound is larger than you are currently body weight is prudent because the snowfall could be receiving on the assets you unusually heavy and melting could be delayed. use to fund the trust, and you also receive a charitable deduction that can further improve your cash flow by reducing the income tax you pay. The amount left upon your passing is what comes to us.
How much is enough for your future? So, for humans accumulating investments, how much is enough for your retirement? That depends on a number of factors: the age at which you retire, the lifestyle you wish to sustain, your state of health, and the amounts you want to give to children and other beneficiaries—including nonprofits such as ours. Unfortunately, some 40 million households have no retirement plans or investments, and they will be almost
The other charitable gift strategy is to leave to us a percentage of whatever remains in your estate after providing for family members. You might, for example, provide in your will or living trust that we receive 20 percent of whatever remains after paying expenses and giving family members specific amounts or certain properties. Similarly, you might execute a change-ofbeneficiary form leaving to us a percentage of whatever remains in your IRA, 401(k), or other retirement plan. This type of revocable gift will not add to your concern as to whether you will have enough—for whatever gift may result comes from your surplus. Like the pika, you are prepared for the seasons of your life. For more information on any type of charitable gift, please contact us today.
IWA FOREVER AND SCHOLARSHIP RECIPIENTS Scholarship Recipient Student Profiles I thank my God every time I remember you. In all my prayers for all of you, I always pray with joy.
Sarina Garza
- Philippians 1:3-4
Andrew Garcia
Class of 2019 Chester and Aneda Zablocki Scholarship “I stand before you today as a result of someone’s decision to donate toward the future of students’ education. Thank you to all of the sponsors who provide students like me with the opportunity to receive an education that will enable us to succeed in the future. “ – Sarina Garza
Class of 2019 Tibor “Ted” Hegedus Scholarship “My drive to continually serve and pay it forward comes from the principles instilled within me here at Incarnate Word Academy. IWA has taught me to take the obstacles placed before me and, instead of seeing them as insurmountable, use them as steps for an upward and brighter path.” – Adrew Garcia
A few of the 107 Scholarship Recipients show their gratitude.
16th ANNUAL SCHOLARSHIP DONOR APPRECIATION LUNCHEON
Sister Annette Wagner (left) joins Nancy Fairchild Bridger and Msgr. Mark Chamberlin in a scholarship signing ceremony.
Sammie H. Grunwald (center) presents a check from IWA to the IWA Foundation.
On April 25, 2019, the Incarnate Word Academy Foundation hosted the 16th Annual Donor Appreciation Luncheon for the Scholarship Recognition Society. Approximately 200 student recipients, benefactors and Sisters joined in celebrating the gift of a Catholic education. At this event celebrating the 30th anniversary of the IWA Foundation, scholarship recipients had the opportunity to meet and interact with the generous contributors who made their education possible.
To affirm the permanent status of the Msgr. Mark Chamberlin Scholarship, Msgr. Chamberlin and Nancy Fairchild Bridger, who initiated the scholarship, participated in a scholarship signing ceremony.
A special check presentation was made by Sammie H. Grunwald, IWA President, from the school to the IWA Foundation for the Adolfo Garza Scholarship and the Alfred, CCCA’65 and Lucille Hoelscher Snapka Scholarship. Mr. Adolfo Garza, IWA Middle Level Principal, and Lucille Snapka, IWA Campus The program featured student speakers as well as recognition and signing Nurse, who will both be retiring at the end of the school year, were honored ceremonies and a special presentation. Patricia Brown Meyers ’51, whose for their 51 years of combined service to Incarnate Word Academy. cumulative giving has exceeded $25,000, was inducted to the Sapphire Level of the Precious Stones Supporting the Mission Scholarship Donors Recognition Society.
16th Annual Donor Appreciation Luncheon – Pages 3-4 Charitable Giving – Page 2 IWA Foundation’s 30th Anniversary – Page 1 INSIDE THIS ISSUE 5201 Lipes Blvd. Corpus Christi, Texas 78413-5501 www.iwacc.org
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