The Msgr. Edward C. Dunn Foundation for Education is an Endowment Fund created in 1985 to support Catholic education at St. Peter’s School in Mansfield, Ohio. Its specific purpose is to generate significant financial resources for the school in its ongoing effort to promote and maintain this most important ministry of the Catholic Church.
Following the mission and ministry of the Catholic Church to answer the call of the Gospel message to teach. Inviting all to participate in the philanthropy of time, talent, and treasure. Together, responding in grateful recognition of our God-given gifts. Helping to ensure the gifts of Faith, Family, and Education for our children…today and tomorrow.
The long-term goal of the Foundation is simple. Provide sustainability and self-sufficiency for St. Peter’s School.
Our initial goal is to reach the $5 million in endowed funds to our General Fund. This would generate $200,000 annual to support school operations.
This will more than replace the current parish subsidy that St. Peter’s parishioners provide in support of the school system.
St. Peter’s School is one of the few parish operated Pre-K through Grade 12 school systems in the country.
The Board of Trustees is dedicated to fostering the continued success and enrichment of St. Peter’s School by providing an increasing the endowment of the Foundation.
Once the initial $5 million goal is met, we will continue to build the fund for the future.
Giving to the Monsignor Edward C. Dunn Foundation for Education helps to ensure that we can continue to offer the gifts of Faith, Family, and Education for our children … today and tomorrow.
The Msgr. Dunn Foundation provides assistance to help individuals, families, and organizations pursue their long-term charitable giving to St. Peter’s School conveniently, effectively and with maximum tax benefits.
Alumni, parishioners, parents, and friends are including the Msgr. Dunn Foundation in their estate plans, providing the school with the necessary funding to offer every child a quality education, supported and enriched by the faith family of St. Peter’s.
Through a provision in your written and executed will, you can make a gift to the Foundation in the form of cash, securities, real estate, or personal property. There are many types of bequests.
Naming The Monsignor Edward C. Dunn Foundation for Education as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh, profit-sharing pension plan, or other donor-advised funds, will accomplish a charitable goal while realizing significant tax savings.
Later in life, they may find they do not need much insurance and find it desirable to use the policy to make a charitable gift. One option is to name the Foundation as a beneficiary. Another option is to give the policy to the Foundation, take a deduction for the cash value, and make annual tax-deductible gifts to the Foundation for the purpose of paying the premiums.
When you donate appreciated stocks, bonds, or mutual fund shares instead of cash, you’ll receive charitable deductions at full, fair market value while reducing capital gains impact.
If you’re 70 1/2 or older, you can make a gift directly from your IRA to the Msgr. Dunn Foundation. While there is no charitable deduction for a rollover gift, you do avoid the income tax on the donated portion of your required minimum distribution.
Like stock, the fair market value of gifts of appreciated assets such as real estate, artwork, and other well-curated collections, can be deducted from your income tax today and reduce your estate taxes in the future.