| Finance
Commission:
Members
of the Finance Council and term dates:
The Finance
Council is required by Catholic Church Canon Law for each parish.
Members are chosen by the pastor and serve to advise him in all
major financial decisions of the parish. An annual report is required
to be sent to the Bishop each year in July after the end of our
fiscal year (July 1 to June 30). Saint Gregory’s also issues
a yearly report to all the parish of income and expenses within
our Annual Report given at the yearly Ministry Fair in September.
The Finance
Council works with the Parish Council that gives the finance group
the yearly priorities and programs that are to be funded and then
the finance group must work on a yearly budget to satisfy those
goals.
The Finance
Council works with the Stewardship Council, which coordinates
the overall efforts of our parish in stewardship both in terms
of the sharing of time and talent as well as the giving of treasure
throughout parish envelope and other gifts. Stewardship folks
do more of the education and advocacy for us being good stewards
because of baptism and help us find outlets for the use of our
gifts in the many ministries of the parish.
Return
to Top
Money
Counters:
Several parishioners help sort and care for weekly
envelopes that are later recorded by staff on computer records.
![[ Money Counters ]](Assets/moneycounter2.jpg)
Return
to Top
Envelopes
for Regular Contributions:
Each family that registers at Saint Gregory’s
are asked to use envelopes on a weekly or monthly basis to help
support the many ministries of the parish community. We give back
to God in Stewardship out of a tremendous gratitude for all that
we have been given. Our bishop suggests that the traditional tithe
of 10% of our goods back to God be divided as follows:
5% of our
gross income be given to our Parish of Saint Gregory’s over
the year in envelopes.
1% of our
gross income be given to the Diocese through the annual appeal
of the Bishop.
4% of our
gross income be given to other charities of our choice such as
the 2nd collections that are often taken to assist world charities.
In January
the parish will mail a statement of our recorded donations to each
household for their records and for IRS purposes.
Quarterly
the parish mails us an update of our gifts. Every two months the
parish has envelope packets mailed to each household.
Return
to Top
Parish
Endowments:
PETRE
(Parish Endowment Trust Fund for Religious Education)
This fund accepts gifts, which form an endowment for
all parish Religious Education programs, including the school.
The annual interest income is allocated to all levels of parish
religious education and the school to assist with the costs of
those programs. A governing board (pastor and six lay parishioners)
promotes the growth of the fund and allocates the income each
year. A gift to PETRE may include cash, real estate property,
a new or existing insurance policy, a bequest in a will and more.
Four times
a year (each quarter) an envelope is placed in our parish envelope
packet to provide for gifts to this endowment for the school and
parish education programs. This endowment is administered by the
Diocese as described below. For more information, contact the
parish office at 660-582-3833.
Return
to Top
School
Endowments:
Purpose
of the Endowments:
The Endowment for Catholic Education is a separate 501
© 3 from the Diocese of Kansas City ~ St. Joseph. It is governed
by a Board of Trustees from the professional fields of education,
religious ministry, banking, investment, business and law.
The Endowment
will provide funding for Catholic education in perpetuity. Earnings
can be used to support schools, create scholarship funds or support
adult religious education programs. The principal of parish or
school endowments will remain untouched.
Financial
Information on the Endowment:
Managed by UMB Bank, the Endowment portfolio currently
invests 50% in stocks and 50% in bonds. A Board of Trustees monitors
performance and determines investment policy for the Endowment.
The current market value of the Endowment for Catholic Education
is over $7 million.
The Endowment
is audited yearly by McGladrey & Pullen, LLT. Copies of the
audit are distributed to investing schools and parishes in May
of each year.
Return
to Top
Immaculate
Mary Education Trust Endowment:
Alfred and Rose Hiatt created an endowment to both
assist Saint Gregory’s School and to assist in vocations.
The endowment is a private endowment trust with their nephew, Paul
Wilmes as the sole trustee and is not administered by the Diocese.
Gifts can be made to the endowment by calling Paul Wilmes at 660-582-4721.
Return
to Top
Planning
Giving:
There are many ways that families can give to Saint
Gregory’s Parish to assist in the many ministries of the parish.
Please feel free to call the pastor or business manager to ask further
questions about leaving a legacy of goodness to our faith community
at Saint Gregory Barbarigo in Maryville.
Cash
Gifts of cash are fully deductible.
Stocks
A gift of stock will allow you to avoid capital gains on the increased
value. Donors may deduct the full market value at the time of
giving.
Life Insurance
Donors may purchase a new policy or donate a policy that is no
longer needed. The donor receives a deduction in the amount of
the current cash value when the diocese or a parish is named as
owner and beneficiary.
Life Income Gift
This category of giving includes the charitable gift annuity and
offers numerous ways to avoid capital gains tax, receive a charitable
deduction and provide a life income for the donor and the donor's
family.
Charitable Lead Trust
This arrangement allows donors to pass assets to their children
either substantially or completely free of all estate and gift
taxes.
Bequests
This is a simple way to remember the parish is to name that legal
entity in your will.
Legal Language For Bequest:
Designated
Bequest
"I give, devise and bequeath to the 'Catholic Diocese
of Kansas City/St. Joseph,' 300 East 36th Street, Kansas City,
Missouri 64111-1410, (dollar amount, percent, residue, securities
or property as described) for the specific purposes of (Saint
Gregory Barbarigo Parish, Maryville, Missouri) for its general
uses and purposes."
Return
to Top
Cemeteries:
Link
to cemeteries page
Return
to Top
|
![[ Money Counters ]](Assets/moneycounter.jpg)
