Life Planning Workshops Coming Your Way Soon

Posted on September 6, 2022September 6, 2022 by Kristin Jablon

Life Planning Workshops

On far too many occasions, individuals and families wonder and worry about some very important questions regarding their futures. Who will make my healthcare and financial decisions when I cannot speak for myself? How do I make healthcare and financial decisions for a love one? Is my will or trust from another state valid in Florida? Who will care for my children if something happens to me? What will happen to my assets after I die? Do I want the government making these decisions for me?

If you and your family members do not know the answer to these questions, you can find them out by attending one of the many free “Planning for Tomorrow” workshops and education sessions presented by the Catholic Community Foundation of Southwest Florida.

The Foundation is once again partnering with Parishes throughout the Diocese of Venice to host complimentary workshops and free one-on-one educations sessions to provide participants with the knowledge needed to make critical health, legal, and financial decisions for themselves and/or a loved one.

Attendees will obtain important information on:

Avoiding Guardianship
Wills vs. Trusts
Probate
Durable Power of Attorney
Beneficiary Designations
Healthcare Surrogates
Advanced Directives
Financial Planning
Smarter Ways to Give and More

To find the closest workshop or education session to you, or to reserve your place, please call 941-486-4722 or email CCF@dioceseofvenice.org.

Qualified Charitable Distributions – A Real Life Example

Posted on September 6, 2022 by Kristin Jablon

A Real Life Example

If you have reached the age that you must take a required minimum distribution (RMD) from your IRA, did you know that you can transfer up to $100,000 each year from your IRA directly to a qualified charity like the Catholic Community Foundation, your Parish, School or other Catholic Program or Ministry? By rolling over your IRA distribution directly to a charity, it qualifies as your RMD and you avoid having to include the distribution as taxable income. Beginning in 2020, the age at which RMDs must start is 72, however, individuals can begin making Qualified Charitable Distributions (QCDs) from their IRAs as early as age 70½.

Qualified Charitable Distributions (QCDs) provide a powerful opportunity for donors from all income levels to support the Catholic Parishes, Schools and Ministries about which they care most. Some of today’s retirees have more money in their IRAs than they need for daily living expenses and/or their long-term care. They are able use the surplus in their IRAS to help make a significant difference in the lives of others, without negatively impacting their own quality of life. Other retirees with more modest incomes, like Mike and Ronda, can also benefit from QCDs.

Mike and Ronda are both retired Catholic School teachers and have always been loyal

supporters of their Parish, contributing their time, talent, and treasure on a regular basis. In addition to their other retirement income, they have two small traditional IRAs, from which they are required to take $1,000 per year as their Required Minimum Distribution (RMD). Since they pay 10% income tax in their retirement, they are bringing home a total of $900 per year from their IRAs after taxes. Simply by having their IRA custodian transfer the full $1,000 RMD directly to their Parish instead of receiving the distribution themselves, they will receive the following benefits:

Entitles them to tax benefits without requiring them to itemize their deductions
They increase their Parish giving by 10% without costing them one additional penny
Instead of giving $100 in taxes to the government, they are giving it to the Church

By using QCDs for their charitable giving, donors like Mike and Ronda can decide each year if and/or how much of their RMD they would like to use. In fact, they can distribute up to $100,000 each calendar year from their respective IRAs regardless of the size of their RMDs. They can even decide to support multiple charities from the same IRA. However, they must make sure that donations are dispersed from their IRA directly to a qualified charity to qualify for the tax benefits.

To learn more about Qualified Charitable Distributions, please use your smartphone to scan the QR Code or visit www.ccfdioceseofvenice.org/giving/ira-charitable-rollover/.

Catholic Community Foundation presents 23 scholarships

Posted on May 27, 2022May 27, 2022 by Kristin Jablon

Catholic Community Foundation presents 23 scholarships

Bob Reddy

Florida Catholic

Venice –

The Catholic Community Foundation of Southwest Florida Inc. honored 23 scholarship winners during a luncheon on May 19, 2022, at Our Lady of Perpetual Help Retreat Center in Venice. This was the first in-person scholarship luncheon in three years.

The recipients of the Mary Fran Carroll, Coseglia, Schaerf, Toner, Schwarz and Carey Scholarships were recognized for their outstanding academic achievements and for their commitment of continuing their education in pursuit of wide-ranging career paths such as education, medicine, business, engineering and more. The Foundation Scholarship Committee carefully reviewed 142 applications before determining the winners. Many of the Foundation Board members were present for the luncheon.

Michael Morse, Executive Director of the Catholic Community Foundation, congratulated the new scholars, saying the young men and women are worthy to forever be known as Foundation Scholars. “This is the most exciting thing that we do. Being able to get to meet you as scholarship winners and hear your stories, for us, is a blessing.”

Foundation Scholarship Committee Chair Janet Beach expressed an appreciation for each of the scholarship recipients and expressed amazement in not just their academic achievements, but the activities all the applicants were involved in, including the number of volunteer hours they completed. “I see a bright future ahead for all of you.”

The Mary Fran Carroll Scholarship provides a total of 15 academic scholarships, each valued at $3,000, to residents of Sarasota County and is available for tuition, books and fees. This year there were 13 traditional scholarship winners (high school graduates pursuing an undergraduate degree) and two non-traditional winners (an adult learner seeking an advanced education after being away from school for a number of years). The scholarship is renewable annually up to a total of five academic years for students maintaining a minimum unweighted GPA of 3.2 or greater, while also making progress toward their career goal. In the past year, there were 31 students who had their scholarship renewed.

Mary Fran Carroll Scholar Milana Ivanenko, a graduate of Venice High School who will be studying chemical engineering at the University of Florida, thanked the Foundation for the scholarship and said her goal in life is to “help society fix problems and be able to create something that helps people other than me.”

The Frederick W. Schaerf, M.D., Ph.D. Neuroscience Scholarship provides a $4,000 one-time scholarship to a graduating senior from Bishop Verot Catholic High School in Fort Myers interested in pursuing a career in neuroscience. This was the third year the scholarship was offered.

Schaerf Scholarship recipient Arielle Dicang will be attending the University of Florida with plans to be a pharmacist. “Thank you to the board. It means a lot to receive this scholarship; I met the son of Mr. Schaerf at a retreat, and heard his son tell his father’s story, so earning this has special meaning.”

The Frank and Florence Coseglia Scholarship provides a one-time scholarship of $1,167 to one graduating senior from each of the four Catholic High Schools within the Diocese of Venice. The winners were nominated by their high schools and approved by the Foundation Board.

The Foundation also presented the first-ever Barry L. Carey M.D. Scholarship, which provides a $400 renewable college scholarship for tuition, books, fees, and housing expenses to practicing Catholic High School seniors graduating this year from Catholic, private, home school, or public schools within the 10 counties of the Diocese of Venice in Florida. Scholarship recipients must be the first generation in their family to attend a college or university.

Also new this year, is the James and Margaret Schwarz Scholarship. This provides a one-time college scholarship to be awarded for tuition, books, fees, and housing expenses for a student graduating from Cardinal Mooney Catholic High School.

During the scholarship ceremony, the recipients shared their personal experiences as well as college and career goals. Each expressed their appreciation for the scholarship from the Foundation. Many specifically explained how the scholarship money will assist in lessening the financial burden of attending college and pursuing their career goals.

The Catholic Community Foundation of Southwest Florida Inc. was established to provide philanthropic opportunities for individuals, such as Mary Fran Carroll, to create lasting gifts in support of Catholic programs and ministries within the Diocese of Venice. This year, the Foundation is on track to distribute $5.3 million in endowed support for Catholic schools, Parishes, Seminarian education, programs for the needy, college scholarships and more.

To learn more about the Catholic Community Foundation, please contact Michael Morse at 941-441-1124 or by email at Morse@dioceseofvenice.org. You can also visit the Foundation website at www.CCFDioceseofvenice.org.

Mary Fran Carroll Scholars – traditional

Alexis Mendieta, Suncoast Polytechnical High School, Florida Gulf Coast University

Axia Salas, Sarasota High School, Florida State University

Peri LeBonte, Cardinal Mooney Catholic High School, Tufts University

Milana Ivanenko, Venice High School; University of Florida

Kassidy Saba, Sarasota High School, Florida State University

Chiaralis Brown, Riverview High School, University of South Florida

Mitch Laurone, Sarasota High School, University of South Florida

Napat Sammacheep, Venice High School, University of Florida

Dana Molina, Riverview High School, Columbia University

Charles Nye, Sarasota Christian School, Florida State University

Johanna Patino-Murillo, University of Tampa

Ericka Delva, North Port High School, University of South Florida

Shannon Dowdy, Venice High School, University of Florida

Mary Fran Carroll Scholars – non-traditional

Danielle Smyth, non-traditional, Keiser University

Alexa de Gannes, non-traditional, University of Florida

Coseglia Scholarship

Trinity Shipe, Cardinal Mooney Catholic High School, Florida Southern University

Jesse Herrera, St. John Neumann Catholic High School, University of South Florida

Mary Kinnick, Donahue Catholic Academy of Ave Maria Parish, Ave Maria University

Anna Latell, Bishop Verot Catholic High School, University of Florida

Barry L. Carey, M.D. Scholarship

Aaron Acevedo, LaBelle High School, University of South Florida

James and Margaret Schwarz Scholarship

McKayla Cantrell, Cardinal Mooney Catholic High School, St. John’s University, N.Y.

Frederick W. Schaerf, M.D., Ph.D. Neuroscience Scholarship

Arielle Dicang, Bishop Verot Catholic High School, University of Florida

Dr. Steve Toner Math Award

Ella Bartels, St. John Neumann Catholic High School, University of Florida.

Above – 2022-23 Scholarship Luncheon attendees on May 19th at Our Lady of Perpetual Help Retreat Center in Venice

Written by Bob Reddy, Diocese of Venice Catholic Community Foundation presents 23 scholarships – Diocese of Venice

Author: Kristin Jablon