Last Updated: Friday - 09/24/2010
October 19, 2009
MacNeil society members leave legacy for seminary
WESTERN CATHOLIC REPORTER
EDMONTON - Catholics who support St. Joseph Seminary and Newman Theological College have their own little club.
The Archbishop Joseph MacNeil Society was set up by the Foundation of St. Joseph's Seminary and Newman Theological College for people who make bequests in their wills to the foundation.
"We established it in 1996 as a way of expressing our gratitude to planned giving donors, since in most cases we cannot do so when the gift is received," said Joyce Tutt, chair of the foundation.
"It is for people who leave a future gift or a gift that provides for the future. This can be a bequest in a will, which is the most common, a life insurance policy, a charity remainder trust or the establishment of an endowment fund."
Most of these gifts are received by the foundation after the death of the donor. In some cases people set up an endowment fund while still living and "put money into it regularly and then make a bequest in their will to put more in," explained Tutt. "So it's a gift that provides for the sustainability of the future."
Society members meet four times a year for Mass and a luncheon with Archbishop Emeritus Joseph MacNeil. They last met at the Catholic Pastoral Centre Oct. 7.
Currently the society has 108 living members, with 10 new members gained at the last meeting. New members receive a certificate from Archbishop MacNeil recognizing their contribution.
The average age of members is probably somewhere in the high 70s "because that's when people are looking at their legacy," noted Tutt, also a planned giving donor.
The planned giving program has been successful. In the last five years, the foundation has received 34 planned gifts for more than $3.4 million, including $1.8 million through life insurance policies.
"These gifts will go a long way in securing the future of the seminary and college," Tutt said, noting the estimated value of future gifts is $3.8 million.
"The neat thing with this people is they have always given 10 per cent to the Church and now do the same thing with their estate," she commented.
"Through their gifts, which are really legacy gifts, they not only secure the seminary and college for future generations but also give a strong message of the importance of faith in their lives."
Not content with donating annually to the Foundation of St. Joseph Seminary and Newman Theological College, Barbara Crepin and her husband Jean-Michael also made a bequest to the foundation in their will along with other charities and their two children.
"We feel strongly about supporting the college and what it stands for - the formation of new priests," Barbara Crepin said Oct. 13. "We just think this is the right thing to do."
Two months ago, eligibility for membership in the Archbishop Joseph's MacNeil Society was expanded to include future gifts in support of the needs of the Archdiocese of Edmonton and the Priests' Retirement Fund.
More information is available from Joyce Tutt at 780-469-1010, ext. 300.
Letter to the Editor - 11/16/09
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