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St. Gregory Legacy Society

"For where your treasure is, there your heart will be also." Luke 12:34
The St. Gregory Legacy Society was established to remember and honor those who have made The Athenaeum of Ohio/Mount St. Mary's Seminary a beneficiary of their estate plans, either through a bequest, life insurance policy, charitable annuity or trust, or a gift of real estate or other property. The St. Gregory Legacy Society now has 340 members dedicated to keeping our Catholic faith alive and vibrant.

The St. Gregory Legacy Society allows you to change the lives of people you may never meet, by serving as the instrument to provide the future means to educate people to serve our Church and to spread our Catholic faith.

Your gift to the Athenaeum's endowment will benefit the Catholic faith forever.
We invite you to prayerfully consider establishing a bequest or planned gift. Your gift allows you to make a statement of support during your lifetime and create a legacy benefitting countless generations to come.

When Bishop Edward D. Fenwick founded The Athenaeum of Ohio in 1829 to form local priests to serve the local Church, he could not have envisioned the legacy he would leave—an institution destined to train thousands of priests, deacons, high school and college students, teachers and lay ministers.

To ensure that the Athenaeum can continue to provide the education and training needs of our Catholic community, we need a strong endowment—a permanent source of funding to sustain the ongoing training and formation of priests, deacons and lay ministers.

There is no minimum gift amount required from your estate, only a firm belief in the mission of The Athenaeum. Even a small sum will have a big impact over time.

Your charitable gift may also benefit you and your family by providing an income tax deduction, helping you to avoid capital gains, reducing your estate taxes or providing a steady stream of annual income.

Contact your financial advisor or Kyle Isaack at 513.233.6161 or KIsaack@athenaeum.edu to join the St. Gregory Legacy Society or to further explore charitable gift options.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to Athenaeum Of Ohio a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state ZIP], give, devise and bequeath to Athenaeum Of Ohio [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Athenaeum Of Ohio or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Athenaeum Of Ohio as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Athenaeum Of Ohio as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Athenaeum Of Ohio where you agree to make a gift to Athenaeum Of Ohio and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.