Heart and Mind Foundation

What is the Heart and Mind Foundation?

The Heart and Mind Foundation is a charitable organization established to receive and manage gifts and bequests in support of Holy Trinity High School. The Foundation exists as a separate and distinct 501(c) charitable organization from the school, and is intended to serve the education of children now and beyond our lifetimes. Each complements the mission of the other.

How Will the Foundation's Assets be Used?

The Foundation's assets are applied to the development and expansion of educational programs that benefit Holy Trinity High School directly, as well as capital improvement projects that serve the ministries of the school. A portion of the Foundation's assets may be used for the annual operating budget of the School.

Who Manages the Foundation?

The Foundation is administered by a Board of Directors. The Board manages the assets of the Foundation and each year will allocate a portion of such assets to support Holy Trinity High School’s operations. The Board must abide by the Foundation's Articles of Incorporation and Bylaws, as well as written Gift Acceptance Policies, Investment Policies, and Disbursement Policies.

How do I Make a Gift to the Foundation?

The Foundation can receive many forms of gifts and bequests involving almost any kind of asset. A few of the more common ways to give are:

Outright Gifts

1. Cash. Gifts can be made at one time or on a periodic basis.
2. Securities. Gifts of appreciated stocks and bonds (including U.S. Savings Bonds) can provide significant tax advantages for the donor.
3. Tangible Personal Property. Gifts of saleable personal property could include artwork, jewelry and coin collections.
4. Real estate. Gifts could include homes or remainder interests in real property.
5. Life insurance policies. Donors may purchase a new policy or donate an existing policy with the Foundation as owner or beneficiary.

Granting the Foundation a Remainder or Beneficiary Interest in:

1. Retirement plans, IRAs, 401(k)s or Savings Accounts. The Foundation's Board will be happy to assist donors with any necessary paperwork.
2. Charitable Remainder Trusts. Substantial gifts can be made to the Foundation in trust and the donor receives annual cash payments from the trust assets.
3. Charitable Gift Annuity. Donors can create an annuity to provide regular income payments through a sizable gift to the Foundation.

Gifts Through a Will or Trust

1. Will. You may make a gift to the Foundation of any property through your will. This permits you to specify the nature and extent of a gift made upon your death. Without a will, State law determines how assets are distributed.
2. Trust. Through a trust you may give to the Foundation during your lifetime or upon your death. Both wills and trusts allow you the flexibility of making specific gifts of a stated dollar amount, a percentage of your estate, or a specific piece of property and/or residuary gifts of property remaining after your specific gifts are made. All gifts (other than cash) are subject to acceptance by the Foundation's Board in its discretion. Cash donations should be made to "The Heart and Mind Foundation" through the School office. All other gifts should be made by contacting any member of the Foundation's Board or staff.

Can I Make My Gift in Memory of Someone?

Gifts of any kind can be made in memory or honor of someone. Prospective donors to the Foundation are encouraged to discuss their wishes with a member of the Foundation’s Board or staff before making a final decision.

Are there Tax Advantages to Giving to the Foundation?

There are tax advantages to making a gift to the Foundation. The advantages that donors enjoy may depend on the amount and nature of the gift. Donors are encouraged to consult with their accountant or tax advisor.

How Can I Get More Information About the Foundation?

For more information, you are encouraged to contact Timothy M. Bopp, Heart and Mind Foundation Chairman, by phone: (773) 278-4212 x.3024; by fax: (773) 687-0004; or by email: tbopp@holytrinity-hs.com. You may mail correspondence to the following address: The Heart and Mind Foundation, c/o Timothy  M. Bopp, 1443 W. Division Street, Chicago, IL 60642

Heart and Mind Foundation Board of Directors FY 2009