What is the Ascension Foundation?
The Ascension Foundation is a foundation to ensure that the Church of the Ascension continues its commitment to the message and ministry of Jesus Christ and that the parish will endure for generations to come.
Is it an endowment?
No. Typically, an endowment freezes the principal while allowing only the interest to be utilized. The Ascension Foundation is designed to stand outside the ordinary finances of the parish, particularly its annual budget. It will have the flexibility to be accessible should a major need arise as well as to provide short term assistance for ministries that might build up the parish over time.
I want to support Church of the Ascension and its ministries without being encumbered by the National Church. Will the Ascension Foundation ensure my donation supports my parish?
Yes. The Ascension Foundation is designed to benefit Church of the Ascension. It is established with Community Foundation of Acadiana to ensure that the Ascension Foundation will be professionally managed and support our parish.
What is Community Foundation of Acadiana?
Established in 2000, Community Foundation of Acadiana (CFA) provides individuals, families, corporations, and foundations in Acadiana a visionary and rewarding approach to philanthropy. Its singular mission is to ensure that each donor’s legacy is wisely invested, that each grant is effective, and that a donor’s family name is proudly preserved forever. As a public foundation, as opposed to a private foundation, CFA provides maximum tax benefits for donors. It offers charitable expertise to ensure that the non-profit community’s clearly-documented needs for dollars for capital, research, education, health, welfare, and innovative ideas are successfully matched with funding, in accordance with the philanthropic interests of CFA donors.
Who will know what I commit and give?
The parish financial officers and CFA will have knowledge of your commitment and giving record.
How long is my commitment?
Sunday, December 6, is Commitment Sunday, when we will worship together and make our commitments to support our 2016 parish budget and the Ascension Foundation. Giving to the foundation may begin right away and will continue for three years thereafter (2016, 2017, and 2018) unless otherwise indicated.
Does the Ascension Foundation accept gifts of real estate or other unusual gifts?
Yes. With the help of CFA, the Ascension Foundation may accept gifts of cash, real estate, intellectual property, stocks and bonds, annuities, life insurance, oil, mineral and other interests, closely held securities, the assets of private foundations, and other organizations, and personal property such as antiques and fine art.
If I can’t give a large amount, does my gift really matter?
“EVERY good gift is from above,” wrote St. James. When our motives are pure, our hearts are generous, no matter how large or small our gift may be. We are all called to be faithful stewards of what we have been given.