Legacy Reserve

The Legacy Reserve was established for sustained gifts to Light of Christ Catholic Schools.
Legacy Reserve gifts can be easily tracked, administered and reported to our valued donors.

Upon receipt of the donation, an account in the name of the donor will be established, and the donated funds will be invested.

This investment fund acts like an endowment in the respect that the funds are invested for use many years into the future, but provides the ability to distribute funds more freely and the flexibility to accept and track gifts of all sizes.

The Legacy Reserve houses the following types of gifts:
  * Tuition Assistance Scholarship Funds
  * Teacher/Staff Salary Increase Funds

The recommended minimum donation toward this fund is $5,000.

Annual distributions will be made in the amount of 10% or 20% of the original gift (based on donor’s request), and the distribution will continue for as long as the funds are available. Donors may choose to continue giving toward their account to keep their account funded. Once an account reaches a zero-balance, Light of Christ Mission Advancement will reach out to the donor regarding future gifts.

Donors who give to the Legacy Reserve will be recognized in our annual Light of Christ Catholic Schools newsletter as well as on digital displays throughout our schools.

Note: Because the issuing of financial assistance is a private and often sensitive matter, families receiving tuition assistance gifts will not be “awarded” scholarships from individual donors through the Legacy Reserve. (i.e., a student will not receive the “Smith Family Scholarship”).

This fund is not an endowment and does not qualify for endowment tax credits, but may qualify for other state and federal tax credits. See your tax professional for guidance.

For more details about Legacy Reserve, please contact:
 
Toby Schweitzer
701-220-1507 (call or text)
tschweitzer@lightofchristschools.org

Alex Cournoyer
Office: 701-751-8739
Mobile: 701-890-2240 
acournoyer@lightofchristschools.org