Fr. Wasson Legacy Endowment, Inc.
Established in 1995, FR. WASSON LEGACY ENDOWMENT INC. (FWLEI) is a separate 501(c)(3) Delaware nonstock corporation, Federal ID #91-2005679. The purpose and mission of FWLEI is to create a substantial and growing financial corpus (the Endowment) that will generate income and help provide long term financial stability for Nuestros Pequeños Hermanos (NPH, Spanish for "Our Little Brothers and Sisters"). FWLEI continues to grow through donor contributions and responsible, successful investment.
FWLEI is governed by a Board of Directors which has established a yearly distribution policy intended to provide a consistent annual contribution to Friends of the Orphans for the benefit of the children of NPH. This policy also allows FWLEI to respond quickly and significantly in times of tragedy.
For distribution purposes, only the income generated by the endowment may be considered available. The corpus is inviolate with one exception. If the FWLEI Board of Directors unanimously determines that one or more of the NPH homes are unable to function as the result of extensive destruction of property or life due to a major natural disaster, and only after the Board is satisfied that all other available funds have been exhausted, then a distribution of the corpus may be considered. An individual donor, however, has the option at the time of his/her gift to require the gift be held in the corpus in perpetuity.
Gifts to FWLEI are tax deductible to the extent provided by law. Donors wishing to contribute to FWLEI may do so securely online
or by sending their gift directly to one of the Friends of the Orphans regional offices. Gifts should be made payable to Friends of the Orphans in support of the Fr. Wasson Legacy Endowment Fund, Inc.
Contributions may be made to four separate funds within the endowment. These funds can be made in honor or in memory of a loved one.
FWLEI investments are managed by professional fund managers under the direction of FWLEI’s Board of Directors. The governing documents and audit of FWLEI, Federal ID #91-2005679, are available upon request.
- The General Fund. This fund supports the basic needs of all the children at all nine NPH homes, in perpetuity.
- The Sponsorship Fund. This fund will provide sponsorship support in perpetuity in honor of a specific Godchild(ren) and future children even after the donor is deceased.
- The Medical Fund. This fund will provide for medication, immunizations, and special medical needs of the children of NPH in perpetuity.
- The Education Fund. This fund will support the educational needs of the children of NPH, including university students, in perpetuity. Donations to this fund can be made in honor of a specific Godchild(ren) at NPH.
Donors who make a current donation to FWLEI and/or inform Friends of the Orphans that FWLEI is in their Will or other Estate Plan will become members of the Circle of Friends. Click here to learn more.
Ways to Give
Gifts to the Fr. Wasson Legacy Endowment, Inc. may also be made in the following ways (we invite you to consult with your own advisor on the following gifts):
Outright monetary gifts are always welcome and appreciated. Click to give securely online.
A life insurance policy that you no longer need, or a new policy naming Friends of the Orphans as the beneficiary in support of FWLEI.
Appreciated assets, such as stocks, bonds, or shares of mutual funds. Call us for investment gifting and transfer instructions.
A financial account, such as a CD, Savings Account, IRA, or Pension Plan naming Friends of the Orphans as the beneficiary in support of FWLEI.
Distribution from a trust, either revocable, such as a living trust, or irrevocable, such as a life insurance trust.
A bequest to Friends of the Orphans in support of FWLEI in your Will for a specific or a residuary amount. You can also include a contingent bequest, if appropriate, to your specific or residuary designation.
Proper Wording for Bequests
“I give, bequeath, and devise to Friends of the Orphans, an Illinois nonprofit corporation, EIN #65-1229309, in support of Fr. Wasson Legacy Endowment, Inc., a Delaware nonstock corporation, _________ (sum or property) to be used for its general tax exempt purposes [without other restrictions as to use] or [name fund].”
“I give, bequeath, and devise to Friends of the Orphans, an Illinois nonprofit corporation, EIN #65-1229309 in support of Fr. Wasson Legacy Endowment, Inc., a Delaware nonstock corporation, to be used for its general tax exempt purposes (all or specified percentage [without other restrictions as to use] or [name fund]) of the rest, residue and remainder of my estate, both real and personal.”
|For more information or assistance in making a gift to the Fr. Wasson Legacy Endowment, Inc., please contact your regional office.
1800 112th Avenue NE
Bellevue, WA 98004-2938
||Upper Midwest Region
2052 Marshall Avenue
St. Paul, MN 55104-5744
265 Willard Street
Quincy, MA 02169-1514
8925 East Pima Center Pkwy
Scottsdale, AZ 85258-4407
134 North La Salle Street
Chicago, IL 60602-1036
2730 SW 3rd Avenue
Miami, FL 33129-2339