The Cathedral Foundation of the Diocese of Olympia is an independently-governed, tax-exempt organization founded in 1995. It is affiliated with, but separate from, both Saint Mark’s Cathedral and the Bishop’s Office of the Diocese of Olympia. Its Board of Directors includes members from the cathedral parish as well as from other communities and congregations across the Diocese of Olympia.
The Foundation preserves and enhances the cathedral’s building and grounds today and for the future. This includes supporting Saint Mark’s Planned Giving program to increase endowment funding, managing restricted offerings in support of the cathedral’s building and grounds, providing occasional disbursements to help with unplanned emergency repairs of the cathedral's facilities, and making an annual disbursement of a portion of the investment fund (typically 4–5%) for regular building maintenance.
Ways to Give
Bequests through your will are the most common form of legacy support. You may leave a specific dollar amount, a tangible asset, or a percentage of your estate to the Cathedral Foundation. Consult with a qualified attorney who can review your goals considering applicable federal and state laws and ensure that your will accurately reflects your specific wishes.
An IRA can be a powerful resource for charitable giving. If you are 70 ½ years or older, you can direct up to $108,000 tax free to a charity each year from your traditional IRA. This counts as all or part of your required minimum distribution, effectively reducing your taxable income. If you would like to make such a transfer, please contact your IRA custodian to request direct distribution to The Cathedral Foundation.
There are easy ways to gift your stocks, ETFs, mutual funds, bonds—contact the Cathedral Foundation to learn more.
You may also give a one-time gift to the Cathedral Foundation.
Whether you worship at Saint Mark’s Cathedral or elsewhere, your gift to the Cathedral Foundation is a statement of support of the cathedral’s mission and ministry. We are so grateful for your support for this church on the hill.
Please contact Erik Donner with any questions about the Foundation at foundation@saintmarks.org.