The Parish Finance Council assists the Pastor in being an effective administrator of the parish temporal goods in order to accomplish the mission and goals of the parish. The Council consults with the Pastor in the administration of parish finances, budget, parish facilities and long-range financial development. The Council also collaborates with the Parish Pastoral Council in the accomplishment of the pastoral priorities.
Members are appointed by the Pastor. Members are fully initiated, active, practicing Catholics in good standing and members of the parish. They have experience in the areas of accounting, finance, administration, budgeting, property management, human resources or civil law.
Meetings are held the second Tuesday of every month at 7:30 pm in the second floor office. No meetings are held in June, July, August and December.
Over 70-and-a half? What you need to know about the IRA charitable gift rollover.
Congress has extended and the president has signed the favorable IRA charitable rollover tax provisions for 2015 and made them permanent for future years. What should a donor over age 70½ do in order to get the benefit that IRA distributions will not be included in taxable income? Donors should follow the same general procedures for IRA charitable distributions as in the past —
St. Clare of Montefalco participates in the Archdiocese of Detroit Parish Endowment Fund Program. Currently there are two funds, one for the Parish and one for the School. The Funds are a resource that will grow with time and contributions. The purpose is to provide a vehicle for contributors to assist the future financial success of the parish and school. Once adequately funded, income from the Endowment Funds can be used for future operations, or for special ministries and programs as determined by the Pastor in consultation with the Parish Pastoral Council. Endowments are a common method of providing for the future financial stability of institutions such as colleges and churches.
The Archdiocese Endowment Program guarantees each contributing parish a 5.25% annual distribution of the value of that parish’s share in the Fund, regardless of the actual performance of the Fund. The Archdiocese Endowment Foundation’s larger investment pool enables participating parish endowment funds to take advantage of the guaranteed 5.25% annual return. Of course, for that annual return to be significant, St. Clare’s Endowment fund requires contributions.
This program enables the members and friends of the Parish to make lasting gifts as part of their annual charitable contributions, or as part of their estate plan. Please consider St. Clare Parish and St. Clare School in your charitable gift planning.
Endowment fund FAQ's