Advancing The Mission (Annual Report Included) - Fall 2013

Advancing the

MISSION INCARNATE WORD ACADEMY FOUNDATION NEWSLETTER

Leaving a Legacy of Faith

FALL 2013

showing how deeply she cared. Her own experiences with trials and difficulties enhanced her ability to serve others with love, joy, and patience.

In his homily during Sandra’s Mass of Christian Burial, Msgr.

Richard Shirley stated, “The one thing that epitomized her is that she was truly a woman of faith.” Henry added: “I believe that the foundation for her faith, love, and courage was laid by her parents and the Sisters of the Incarnate Word, who taught her.”

Sandra Sykora, her granddaughters Leah and Lindsey, and her sister-in-law Jonelle LeMaire “Since my mom’s death in June, 2011, not a day goes by that I am not reminded of her and all she taught me,” reminisced her son, Henry LeMaire. “I was so proud of her and all she did for others. In October, 2011, I established the Sandra Pope LeMaire Sykora Scholarship as a tribute to her and a way of keeping her memory alive.”

A descendant of the pioneering Dunn/Dunne family, Sandra followed in the footsteps of family members who were strongly committed to Catholic education at Incarnate Word Academy— Katie Dunn, who graduated in 1913; Maxwell P. Dunne, Jr., who graduated in 1927; her mother Virgin Dunne Pope, in 1931, to name but a few of the many relatives educated at IWA. After completing her elementary education at CC Cathedral School, Sandra graduated from Incarnate Word Academy in 1966 and later sent her son Henry to IWA. Sandra was a lovely, caring lady who lived a life of kindness, generosity and service. Henry described her as a “selfless giver and a great mom.” Her commitment to the Sisters and priests of the Corpus Christi Diocese was evident in the time, attention, and service she gave to them so selflessly throughout her lifetime.

Sandra had a unique gift of relating and consoling those who had lost loved ones with a compassion and graciousness—

Her faith grew during her childhood and adolescent years when she searched for answers to even the most fundamental questions about life. During much of her adult life she faithfully looked after an aging parent, being there for her night and day, all the while being present on the job.

Her work was more than just a job; it was her vocation and the honor she believed she was given to help grieving families during their own pain with the loss of a loved one. Sandra was always willing to put herself out for a neighbor, a friend, or someone who needed that helping hand or that listening ear. The totality of Sandra’s life and her faithfulness give witness Henry LeMaire and his mother Sandra Sykora to the gift of generous service in the way she lived, the values she espoused, and the fidelity of a lifetime.

Her son Henry is indebted to his mother for her example of goodness and faith. He is grateful to those who joined him in making the Sandra Pope LeMaire Sykora Scholarship a reality.

“Setting up this scholarship in honor of my mom has been a rewarding experience for me,” stated Henry, “Since it will provide an ongoing way of continuing her legacy of faith. I would encourage anyone wanting to spread the Good News through Catholic education to support the IWA Scholarship Program.”

T H E R E V I VA L O F C R T ’S

The Revival of Charitable Remainder Trusts In the early 1990s, when the capital-gain tax rate on securities and non-depreciated real estate was 28 percent and the maximum tax rate on ordinary income was 39.6 percent, the charitable remainder trust was very popular.

If someone sold a highly appreciated asset, he or she would have only 72 percent of the gain to reinvest; but by transferring it to a charitable remainder trust, 100 percent of the proceeds could be reinvested.

Moreover, the donor received a significant income-tax deduction—and if in the highest bracket, every dollar of deduction resulted in nearly 40 cents of tax savings, with even more savings in a state that allowed a charitable deduction on the state return.

A decline in popularity Later in the 1990s, the capital-gain tax rate was reduced to 20 percent. Then under the Bush administration it was reduced still further to 15 percent, and the maximum federal tax rate on ordinary income decreased to 35 percent. During the first decade of the new century, we also saw two stock market declines and the collapse of real estate prices. Not surprisingly, fewer people established charitable remainder trusts; they had less to give, and their tax savings would be smaller.

Reasons for the revival Now all of those factors that worked against charitable remainder trusts have been reversed. The Dow is at an all-time high, home prices are rising again, and income -tax rates are back to where they were in the 1990s. The capital-gain tax rate on securities and non-depreciated real estate can reach 23.8 percent—including the new health-care surtax—and the top income-tax rate is once again 39.6 percent. Little wonder that we are seeing a revival of charitable remainder trusts.

Benefits to the family Aside from offering a way to convert highly appreciated assets to life income without current taxation of the gain while reducing taxes on other income, a charitable remainder trust can be the solution for a variety of family situations: • •

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It can increase income during retirement.

It can permit the diversification of a concentrated stock position without incurring capital-gain tax.

It can be a means to accumulate more for future retirement on a tax-sheltered basis.

It can be a tax-favored way to provide for heirs with remaining retirement funds.

It can be a means to provide for a relative who is not a prudent money manager.

And, yes, you can choose the charitable purpose for the remaining trust assets. For example, you could create a scholarship in your name or your family’s name.

Please contact: Sr. Martha Ann Snapka

361-883-8229, ext. 106

Cell: 361-877-1232

Email: snapkam@iwacc.org

The Jeanne de Matel Heritage Circle The Jeanne de Matel Heritage Circle was established by the Sisters of the Incarnate Word and Blessed Sacrament in 2003 to recognize individuals who have indicated that they have included Incarnate Word Academy in their will. Through the generous bequests of past donors, Incarnate Word Academy has been able to continue providing excellence in education and advancing the mission.

ANNUAL REPORT ~ 2012-2013 The Incarnate Word Academy Foundation was established in 1989 by the Sisters of the Incarnate Word and Blessed Sacrament to provide adequate funding for scholarships and educational development solely for Incarnate Word Academy, Corpus Christi, Texas. It serves as a stable ongoing way of assuring tuition assistance for years to come by providing an entity for receiving and managing the contributions of donors according to their intent. The IWA Foundation is committed to scholarships and tuition assistance grants, faculty professional growth, and education into the future. Inviting the school community, past partners, friends, and benefactors to partner with the Sisters and the Foundation in providing a quality education in a Catholic school environment has been a blessing to all concerned—the sisters, the IWA family, and the larger community.

The 2012-2013 Incarnate Word Academy Foundation Report is presented by the Trustees of the Foundation to express appreciation to donors and to practice good stewardship of the resources entrusted to our care. This report is published separately to recognize the distinction between Incarnate Word Academy and the Incarnate Word Academy Foundation, a funding source separate from the annual financial management of the school.

We are grateful to those who have contributed to the Incarnate Word Academy Foundation through scholarships, memorials and bequests. We ask God’s blessings on you and your families.

Trustees of the Incarnate Word Academy Foundation

Sister Michelle Marie Kuntscher ’60, President

Sister Annette Wagner ’64, Vice President

Sister Mary Ann Korczynski, Treasurer

Sister Maria Irma Gonzalez, Trustee

Sister Marilyn Grace Springs, Trustee

The Jeanne de Matel Heritage Circle Membership The Jeanne de Matel Heritage Circle recognizes individuals who have indicated that they have included Incarnate Word Academy in their wills.

Dr. Robert Bezdek Mary Gwen Foran Brummitt ’49 Rosemary Logan Doolin ’66 Sister Suzanne Friedmann, SFCC Lidy P. Fritz Bobby and Donna Gough Jennifer and Monty Lee

Ann Logan-Lubben ’64 Shirley Paul Mireur Inez Sagarino Monsees Travis H. and Jeanette E. Flusche Mullenix ’54 Patricia Riek ’58 Mary C. Shead ’43 Alan and Mamie Stoner

Msgr. Alvin Tengler Aneda Shead Zablocki ’43

IWA FOUNDATION SCHOLARSHIPS

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he Incarnate Word Academy Scholarship Program began in 1978. Since its inception, approximately 750 students have been awarded scholarships. Scholarships are a powerful way to make a difference in the lives of others and help keep Incarnate Word Academy accessible to as many students as possible.

A permanent scholarship is established with a minimum of $10,000 as an endowed fund within the Incarnate Word Academy Foundation. The principal of the fund is invested and a portion of the earned interest is distributed to qualifying students, preserving the principal to generate future awards.

The following permanent scholarships annually enrich the life at Incarnate Word Academy and support the school in perpetuity, helping to build ongoing funds to sustain IWA in the years to come. Donors are encouraged to make additional contributions to current permanent scholarship funds in order to increase the fund and earnings amounts over time.

Names following the individual scholarships are the donors for the 2012–2013 fiscal year.

Annette Deanne (Dee Dee) Berry Scholarship Kuntscher 50th Celebrants Scholarship Frank and Margaret Kuntscher Scholarship Chris Riedel Scholarship Scott and Josephine Temple Scholarship James, Eloise, and Wilma Weisman Scholarship Dean and Mary Kuntscher Berry ’56 Joe and Geraldine Petru Kuntscher ’59 Sister Juliane Kuntscher, IWBS ’55 Frank and Kathy Kuntscher Sister Michelle Marie Kuntscher, IWBS ’60 Mr. Victor A. Kuntscher Woody and Eileen Kuntscher Riedel Terry and Judy Kuntscher Temple ’64 Dolores E. Petru Vesely ’56 Jimmy and Jeannine Kuntscher Weisman ’59 Sister Dorothy Anhaiser Scholarship Mr. and Mrs. Leon Anhaiser Mr. and Mrs. Paul J. Colwell Lt. Cmdr. and Mrs. Frederick Helle, Ret. Mrs. Suzanne Housewright Mr. and Mrs. Thomas P. Losier Ms. Betty Stolarski Dr. Bob Bezdek Scholarship Dr. Robert R. Bezdek Bluntzer-Hernandez Scholarship Marie Herschbach Callis ’49 Sister Catherine Brehony Scholarship Anonymous Donor Michael J. Daehne ’08 Busker Memorial Scholarship Mark A. ’80 and Anita Heras Busker ’80 Gary and Ann Busker Clarke ’70 Shelby and Marie Cole Scholarship Pam and Joe R. Nemec ’61 Richard E. Eleazer Scholarship Michael J. Daehne ’08 Sister Anna Marie Espinosa, IWBS ’66 Scholarship Michael J. Daehne ’08 Incarnate Word Academy Adolfo Garza Scholarship Michael J. Daehne ’08 Mrs. Elizabeth Homme Incarnate Word Academy Middle Level Ms. Ann Kwiatkowski Mrs. Susan J. McCrone Mrs. Mary E. Sierra-Lopez

Alfonso M. and Juanita S. Gonzalez Scholarship Dr. Adela N. Gonzalez ’56 Robert M. “Bob” and Neva Lee Knight Gough ’44 Scholarship Mr. and Mrs. Darrell Atkins Mr. and Mrs. Leonard A. Bedell Bobby and Donna Gough “Dick” and Frances Bernsen Hatch Scholarship Jerri Hatch Paquette ’50 Richard Hatch Scholarship Jerri Hatch Paquette ’50 Sister Camelia Herlihy Scholarship Incarnate Word Academy Geraldine Kelly Thomson ’52 Anyssa Nicole Hinojosa Scholarship Mr. and Mrs. David G. Suarez IWA/CCCA Academic Excellence Scholarship Ellen Jane Tiblier Carter ’53 Father Louis Joseph ’47 Scholarship Harvey and Mary S. Joseph Campbell ’50 Marie Salem Habeeb ’42 Catherine “Tad” ’32 and Buck Kelly Scholarship Raymond and Margaret Mary Kelly Dreyer ’62 Ken and Elizabeth Kelly Morgan ’58 Geraldine Kelly Thomson ’52 Sister Michelle Marie Kuntscher Scholarship Dean and Mary Kuntscher Berry ’56 Incarnate Word Academy Joe and Geraldine Petru Kuntscher ’59 Sister Juliane Kuntscher, IWBS ’55 Frank and Kathy Kuntscher Sister Michelle Marie Kuntscher, IWBS ’60 Mr. Victor A. Kuntscher Woody and Eileen Kuntscher Riedel Terry and Judy Kuntscher Temple ’64 Dolores E. Petru Vesely ’56 Jimmy and Jeannine Kuntscher Weisman ’59 Amy Laudadio ’89 Scholarship Mr. and Mrs. James J. Laudadio Daphne and Paul D. Laudadio ’65 Laudadio Polymers, Inc. Martin-Hamner Scholarship Mary E. Martin Meyer ’55 Joseph M. “Jody” Metz Scholarship Mr. and Mrs. Edward W. Buscher Ms. Anne Cragg

Mr. and Mrs. William A. Harrison Mr. and Mrs. Fred G. Karle Mr. and Mrs. Joe Roy Dr. Martha Tevis Patty and Joe Mueller Scholarship Patty and Joseph P. Mueller CCCA ’42 Helen Power Munro Scholarship Grace Ford Powers ’63 Sister Martha O’Gara ’51 Scholarship Michael J. Daehne ’08 V. J. and Mary Lou Pesek Scholarship Mr. John Pesek

Mr. and Mrs. Marcelino G. Rios Mr. and Mrs. Enrique R. Rodriguez Mrs. Enriqueta Rodriguez Ms. Laura Silva Ms. Elisa G. Soliz Ms. Emily C. Soto Ms. Norma Vasquez Mr. Rodney O. Williams, Sr. Ms. Bertha G. Zamora School Board Directors Scholarship Incarnate Word Academy Gerald Robert and Willie Mae Shirley Scholarship Mr. and Mrs. Ronny L. Fritz, Sr. Art and Mary Shirley Salinas ’75

Jim and Betty Nemec Petru Scholarship Dean and Mary Kuntscher Berry ’56 Joe and Geraldine Petru Kuntscher ’59 Sister Juliane Kuntscher, IWBS ’55 Frank and Kathy Kuntscher Sister Michelle Marie Kuntscher, IWBS ’60 Mr. Victor A. Kuntscher Mr. and Mrs. James A. Petru Woody and Eileen Kuntscher Riedel Terry and Judy Kuntscher Temple ’64 Dolores E. Petru Vesely ’56 Ms. Elizabeth Vesely Jimmy and Jeannine Kuntscher Weisman ’59 Frederick and Elizabeth Petru Yaklin ’61

Alfred and Lucille Hoelscher Snapka Scholarship The Snapka Family

Patrick “Pat” Rivers CCCA ’55, Scholarship Joe and Mary Catherine Rivers Pennington ’50 Henry (Hank) CCCA ’53 and Marlene Rivers

Sandra Pope LeMaire Sykora ’66 Scholarship Dr. and Mrs. Gerard W. Boynton Michael J. Daehne ’08 Raymond and Margaret Mary Kelly Dreyer ’62 Rev. Monsignor Michael A. Howell Aloysia M. LeMaire ’71 Jonelle LeMaire ’62 Mary E. LeMaire Mr. Frederick C. Michaud Marion C. Muenzenberger Rev. Monsignor Roger Smith Geraldine Kelly Thomson ’52

Ramsey Rodriguez ’93 Scholarship Ms. Katy Adams Ms. Marie C. Alford Mr. Tony Armadillo Ms. Elva J. Davila Ms. Belinda B. Gamez Mr. Joel Garcia Mrs. Dolores Gillece Ms. Rebecca A. Glover Ms. Guadalupe Gonzalez Mr. Jesus E. Gonzalez Ms. Cecilia Guajardo Mr. and Mrs. Ryan C. Hibbetts Ms. Tracie L. Jensen Mr. and Mrs. Patrick L. Kieschnick Mr. and Mrs. Ramiro Loera Mr. and Mrs. Luke V. Markert Mr. and Mrs. Mauricio R. Martinez Mr. and Mrs. Homer S. Navarro Mr. and Mrs. Joshua C. Nycum Ms. Cynthia G. Ocanas Mr. Frank I. Reyna

Sister Martha Ann Snapka ’53 Scholarship Mr. and Mrs. Roberto Montoya R.J. “Jake” and June Snapka Scholarship Mr. and Mrs. Roger Mutchler Carmen Solis Scholarship Lt. Colonel Carmen Solis Sara Solis Scholarship Sara Solis Educational Trust

Sister Agnes Marie Tengler ’43 Scholarship Mr. and Mrs. Casper Wenzel Wally and Bernice Whitworth ’35 Scholarship Charles and Elizabeth Whitworth Menard ’57

ANNUAL GIFTS 2012-2013 Gift In Honor Of Sister Olga Cardona, IWBS Mr. Charles D. Imbergamo Bobby and Donna Gough Mr. and Mrs. Leonard A. Bedell Marie Salem Habeeb ’42 Harvey and Mary S. Joseph Campbell ’50 Rev. Monsignor Michael A. Howell Rev. Monsignor Mark Chamberlin Vicki Habeeb Mitchell ’67 Nancy C. Wesson-Dodd ’67 Sister Judith Marie Saenz, IWBS Michael J. Daehne ’08

Gift In Memory Of Dr. Robert Dougherty Bluntzer Jr. ’48 Marie Herschbach Callis ’49 Mr. and Mrs. Enrique J. Dura

Lenore ’66 and Brad Mabry Mr. and Mrs. Brian Chamberlin Rev. Monsignor Mark Chamberlin

Silver Archangel – ($5,000 +) Dr. Robert R. Bezdek Patty and Joseph P. Mueller CCCA ’42

Mr. Dick McClure Mr. and Mrs. Daniel P. Makelki Ms. Courtney McLain Mr. and Mrs. Casper Wenzel

Bronze Archangel – ($2,500 +) Anonymous John G. and Marie Stella Kenedy Memorial Foundation

Mrs. Winona J. McInteer Mr. and Mrs. James J. Laudadio Mr. John S. Metz Mr. and Mrs. Edward W. Buscher Ms. Anne Cragg Mr. and Mrs. William A. Harrison Mr. and Mrs. Fred G. Karle Mrs. Merle Genevieve Bell Miller Donald and Susan Milloy Taft ’62 Frank and Annie Osina Mr. and Mrs. Thomas P. Losier Ms. Betty Stolarski

Mr. Kevin M. Broker Mr. and Mrs. James J. Laudadio

Ms. Louise Peters Dr. Joan T. Meaney ’79 Margaret Anderson Sciantarelli ’37

Mr. Michael J. Brown Gary and Ann Busker Clarke ’70

Mr. Timothy Sweeney Mr. and Mrs. James J. Laudadio

Dr. Wallace Crozier, M. D. Mr. and Mrs. Galen A. Ohnmacht

Mrs. Helen G. Taft Ms. Susan R. Barham Mr. Richard Bell and Ms. Christine Salch Corpus Christi Equipment Company, Inc. Ms. Graciela Gonzales

Sister Monica De La Rosa, ’51 IWBS Ken and Elizabeth Kelly Morgan ’58 Deceased members: Chamberlin, Harris, Mosmeyer & Hunt Families Rev. Monsignor Mark Chamberlin Lorraine Mew Eden ’40 Raymond and Margaret Mary Kelly Dreyer ’62 Grace Fabian Elliott ’49 Marie Herschbach Callis ’49 Mr. Edmond J. Ford Donald and Susan Milloy Taft ’62 Mrs. Mary Catherine Frohnhoefer Marie Herschbach Callis ’49 Mr. E.D. Haas Mr. and Mrs. James J. Laudadio Mr. James H. “Jimmy” Hatch Jerri Hatch Paquette ’50 Grace Hatch Hooper ’47 Raymond and Margaret Mary Kelly Dreyer ’62 Jerri Hatch Paquette ’50 Mrs. Margaret A. Screws

Mr. and Mrs. Tom Matthews Mr. Edward D. Taft Mrs. James H. Throop Mr. and Mrs. Ronald M. Yeager Mrs. Ruby Tagliabue Mr. Edward J. Ganem Mrs. Virginia Kohutek Dolores E. Petru Vesely ’56 Mr. Robert Vanecek Ms. Lisa M. Coley Ms. Connie J. Dieringer Mrs. Angeline E. Floerke Mr. and Mrs. Keith Floerke Mr. and Mrs. Sam Floerke Mrs. Mary Alice “Bushy” Whitton Mr. and Mrs. James J. Laudadio Sylvia Leal Ybarra ’60 Raymond and Margaret Mary Kelly Dreyer ’62

Honor Roll of Donors

Mrs. Dorothy Janosek Mr. and Mrs. Ronny L. Fritz, Sr.

Platinum Archangel – ($15,000 +) Incarnate Word Academy Sara Solis Educational Trust Lt. Colonel Carmen Solis

Paul H. and Fay Laudadio Geraldine Kelly Thomson ’52

Golden Archangel – ($10,000 +) Jerri Hatch Paquette ’50

Archangel – ($1,000 +) Mark A. ’80 and Anita Heras Busker ’80 Ellen Jane Tiblier Carter ’53 Mrs. Suzanne Housewright Joe and Geraldine Petru Kuntscher ’59 Mr. and Mrs. Thomas P. Losier Charles and Elizabeth Whitworth Menard ’57 Pam and Joe R. Nemec ’61 Grace Ford Powers ’63 Mrs. Dianne Raska Mrs. Enriqueta Rodriguez The Snapka Family Verizon Guardian Angel – ($500 +) Dean and Mary Kuntscher Berry ’56 Mr. and Mrs. Brian Chamberlin Dr. Adela N. Gonzalez ’56 Bobby and Donna Gough Mr. Victor A. Kuntscher Aloysia M. LeMaire ’71 Jonelle LeMaire ’62 Ms. Mary E. LeMaire Mary E. Martin Meyer ’55 Mr. and Mrs. Roberto Montoya Mr. and Mrs. James A. Petru Ms. Betty Stolarski Terry and Judy Kuntscher Temple ’64 Angel – ($100 +) Mr. and Mrs. Leon Anhaiser Anonymous Donor Mr. and Mrs. Darrell Atkins Mr. and Mrs. Leonard A. Bedell Dr. Gerard W. Boynton Mr. and Mrs. Edward W. Buscher Marie Herschbach Callis ’49 Harvey and Mary S. Joseph Campbell ’50 Gary and Ann Busker Clarke ’70 Ms. Lisa M. Coley Corpus Christi Equipment Company, Inc. Ms. Anne Cragg Michael J. Daehne ’08 Ms. Connie J. Dieringer Mr. and Mrs. Enrique J. Dura Mr. and Mrs. Ronny L. Fritz, Sr. Mr. Jesus E. Gonzalez Marie Salem Habeeb ’42 Lt. Cmdr. and Mrs. Frederick Helle, Ret. Rev. Monsignor Michael A. Howell Mr. Charles D. Imbergamo Incarnate Word Academy Middle Level Mr. and Mrs. Fred G. Karle Mr. and Mrs. James J. Laudadio Daphne and Paul D. Laudadio ’65 Laudadio Polymers, Inc. Mrs. Susan J. McCrone Dr. Joan T. Meaney ’79 Mr. Frederick C. Michaud Ken and Elizabeth Kelly Morgan ’58 Ms. Marion C. Muenzenberger Mr. and Mrs. Roger Mutchler

Mr. and Mrs. Galen A. Ohnmacht Rev. Msgr. Mark Chamberlin Joe and Mary Catherine Rivers Pennington ’50 Mr. John Pesek Mr. and Mrs. Woody Riedel Henry (Hank) ’53 and Marlene Rivers Art and Mary Shirley Salinas ’75 Mrs. Mary E. Sierra-Lopez Rev. Msgr. Roger Smith Mr. Edward D. Taft Donald and Susan Milloy Taft ’62 Geraldine Kelly Thomson ’52 Dolores E. Petru Vesely ’56 Jimmy and Jeannine Kuntscher Weisman ’59 Mr. and Mrs. Casper Wenzel Frederick and Elizabeth Petru Yaklin ’61 Cherub – (up to $99) Ms. Katy Adams Ms. Marie C. Alford Mr. Tony Armadillo Ms. Susan R. Barham Mr. Richard Bell and Ms. Christine Salch Mr. and Mrs. Paul J. Colwell Ms. Elva J. Davila Raymond and Margaret Mary Kelly Dreyer ’62 Mrs. Angeline E. Floerke Mr. and Mrs. Keith Floerke Mr. and Mrs. Sam Floerke Ms. Belinda B. Gamez Mr. Edward J. Ganem Mr. Joel Garcia Mrs. Dolores Gillece Ms. Rebecca A. Glover Ms. Graciela Gonzales Ms. Guadalupe Gonzalez Ms. Cecilia Guajardo Mr. and Mrs. William A. Harrison Mr. and Mrs. Ryan C. Hibbetts Mrs. Elizabeth Homme Ms. Tracie L. Jensen Mr. and Mrs. Patrick L. Kieschnick Mrs. Virginia Kohutek Ms. Ann Kwiatkowski Mr. and Mrs. Ramiro Loera Mr. and Mrs. Daniel P. Makelki Mr. and Mrs. Luke V. Markert Mr. and Mrs. Mauricio R. Martinez Mr. and Mrs. Tom Matthews Ms. Courtney McLain Mr. and Mrs. Homer S. Navarro Mr. and Mrs. Joshua C. Nycum Ms. Cynthia G. Ocanas Mr. Frank I. Reyna Mr. and Mrs. Enrique R. Rodriguez Mr. and Mrs. Joe Roy Margaret Anderson Sciantarelli ’37 Mrs. Margaret A. Screws Ms. Laura Silva Ms. Elisa G. Soliz Ms. Emily C. Soto Mr. and Mrs. David G. Suarez Dr. Martha Tevis Mrs. James H. Throop Ms. Norma Vasquez Ms. Elizabeth Vesely Nancy C. Wesson-Dodd ’67 Mr. Rodney O. Williams, Sr. Mr. and Mrs. Ronald M. Yeager Ms. Bertha G. Zamora

PRECIOUS STONES SUPPORTING THE MISSION SCHOLARSHIP DONOR RECOGNITION SOCIETY

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n gratitude for the significant contributions of scholarship funds, the Precious Stones Supporting the Mission Scholarship Recognition Society was created. This recognition society acknowledges donors whose lifetime giving to the scholarship program totals $10,000 or more. An induction ceremony takes place during the Annual Donor Appreciation Luncheon.

Diamond: $250,000+

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Ruby: $100,000-249,999

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Emerald: $50,000-99,999

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Sapphire: $25,000-49,999

Ruby

Pearl

Maria Del Carmen Solis

Dr. Bob Bezdek Dr. Carlos Canales, M.D. Dr. William ’53 and Ellen Jane Tiblier-Carter ’53 Joe and Margot Coco John and Patti Flood Lidy Fritz Estate The Gonzalez Family Maxine Fergerson Grubbs IWA Booster Club IWA Middle Level PTO Joe and Geraldine Kuntscher ’59 Aloysia LeMaire ’71 Nan McGloin George Anne Muckleroy ’55 Patty and Joe Mueller, CCCA ’42 Monica O’Neill Jerri Hatch Paquette ’50

Emerald Fritter Estate Sara Solis Educational Trust Marguerite Sours Foundation

Sapphire Roman and Sophie Bezdek Snapka Vann and Mary Kennedy Shirley Paul Mireur Estate O’Connor and Hewitt Foundation San Jacinto Title Services of Corpus Christi Philomena Walker ’42 Paul and Beverly York

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Pearl: $10,000-24,999

E.R. and Janice Phillips ’55 Jack and Grace Powers ’63 Cy and Dee Dee Richards The Rivers Family: Mary Catherine Pennington ’50, Joe, CCCA ’50, Henry, CCCA ’53 and Alex Rivers, CCCA ’61 Arthur and Lora Roach Mary Shead Estate Marguerite Sours Foundation Edward Speed, CCCA ’66 Ernest Speed, CCCA ’58 Terry and Judy Temple ’64 Msgr. Alvin Tengler, CCCA ’42 M. Delia Cortez Tucker Philomena Walker ’42 Ralph, CCCA ’56 and Kay West

STATEMENT OF ACTIVITIES July 1, 2012 to June 30, 2013 SUPPORT IWBS Sisters Contribution Contributions and Grants Investments Income TOTAL SUPPORT EXPENSES Scholarships and Tuition Assistance Continuing Education - IWA Faculty Administrative Expenses

$410,000 $236,901 $472,590 $1,119,491

$441,460 $20,000 $107,147

TOTAL EXPENSES

$568,607

Increase in Net Assets

$550,884

Net Assets Beginning of Year

$3,771,234

Net Assets End of Year

$4,322,118

PLANNED GIVING

Keep Bequests in Balance with Percentage Provisions If you are like most of us, you probably have contemplated how much of your estate you would like to leave to the people and organizations important to you. At first blush this seems like a pretty straightforward decision. To be sure, it is often not a complicated process to decide on bequests.

However, specifying some bequests in exact dollar figures rather than percentages can have a significant impact on how your assets are distributed—and possibly result in distributions other than what you desired.

For example, suppose that when you plan your bequests your estate is worth $2,000,000 and you decide to leave $250,000 to each of your three children, $250,000 to our organization, and everything else to your spouse.

But what if over time there are dramatic shifts in the value of your assets, perhaps due to major moves in the stock market?

If your estate declines in value …

If the value of your estate drops to $1,200,000, your children and our organization still get $250,000 each; however, due to the order in which these types of bequests are fulfilled, your spouse gets only the remainder—$200,000.

That may not be at all what you intended.

If your estate increases in value …

If the value of your estate grows to $4,000,000, your children and our organization still get $250,000 each—and your spouse gets $3,000,000. If you had expected your estate to be worth so much more, you might have wanted your children or our organization to receive larger bequests.

Planning pointer: An easy way to provide for these kinds of contingencies is to make percentage bequests instead of bequests of a specific amount. Under this approach, you would leave one-eighth of your estate to each child and to our organization, with half going to your spouse.

In the case of the estate value declining from $2,000,000 to $1,200,000, the children and our organization would each get $150,000 instead of $250,000—and your spouse would get the other half, $600,000.

In the case of the estate value doubling to $4,000,000, each child and our organization would get $500,000 and your spouse would get $2,000,000.

The percentage bequest helps ensure that your true wishes are fulfilled.

IWA Foundation President Accepts Steeples Award At the Distinguished Donor Appreciation and Recognition Awards Dinner on Thursday, October 17, 2013, Sister Michelle Marie Kuntscher, President, accepted the Steeples Award for the Incarnate Word Academy Foundation. The Steeples Award is the highest Distinguished Donor Award, recognizing contributions of $1,000,000 or more to Incarnate Word Academy.

Since its inception in 1989, the Incarnate Word Academy Foundation has contributed in excess of $5.5 million to Incarnate Word Academy for scholarships, tuition assistance and faculty professional growth. Funds in the Foundation come from bequests, mainly the contributions of Elena Kenedy to the Sisters of the Incarnate Word, who make annual contributions from this bequest to the Foundation.

Left to right: Sister Brenda Thompson ’56, Sister Michelle Marie Kuntscher ’60, Charles D. Imbergamo, and Sister Martha Ann Snapka ’53 display the Steeples Award.

DEVOTED COMMITMENT TO CATHOLIC EDUCATION

During the Distinguished Donor Appreciation and Recognition Awards Dinner on Thursday, October 17, 2013 at the Corpus Christi Country Club, Charles D. Imbergamo, IWA President and CEO, received the first award of the evening. He was inducted into the Jeanne de Matel Heritage Circle, which recognizes individuals who have indicated that they have included Incarnate Word Academy in their wills.

Since 1994, Charles D. Imbergamo has witnessed to his strong commitment to Catholic education.

He has served as teacher, campus minister, principal, and president before coming to Incarnate Word Academy in 2009 as Director of Curriculum. In 2010 he was appointed IWA President and CEO.

His dedication to Incarnate Word Academy stems from the realization “that faith formation is the necessary foundation for a meaningful life.”

When asked about the formation of our next generation and the role of the educator, Charles stated, “We are keenly aware of the love of God for all persons and the divine spark that moves us to continue to form young people who will know and love God, model Christ, and live for others.”

Charles D. Imbergamo (L) accepts the award from Paxton Longwell (R), IWA Board Chair.

Appreciating the impact of Catholic education in the lives of students, Charles has elected to name the Incarnate Word Academy Foundation and the Sisters of the Incarnate Word and Blessed Sacrament as beneficiaries in his will.

Please visit the website of our scho ol at w w w.iwacc.org

2930 South Alameda Street Corpus Christi, Texas 78404 www.iwacc.org

INSIDE THIS ISSUE The Revival of the CRT’s – Page 2 IWA Foundation Annual Report 2012-2013 – Page 3-6 Planned Giving – Page 7

Non-Profit Organization U.S. Postage PAID Corpus Christi, Texas Permit No. 577