Meet Our Donors
John and Frances Monk
Providing for Your Family and the Church
Frances Monk, the wife of John Monk, who was a parishioner of Our Lady of Guadalupe Catholic Church in Newton Grove, recently passed away. John and Frances were married for over 59 years. Shortly after her passing the parish was informed by a local bank that they were named the secondary beneficiary of Mr. Monk’s Retirement Account. This is a story of about faith, family, service to country and thoughtful estate planning that will have a lasting impact on a small rural parish.
John Monk was born in Sampson County, North Carolina to the late W.J. Monk and late Madge Darden Monk. As a member of the US Army, he served in the occupation of Germany during WWII. After retiring from FASCO in Fayetteville, he and his wife returned to Newton Grove to live on his family farm. John was preceded in death by his 9 siblings. He was a role model and father figure to many of his nieces and nephews.
One of John nieces, reflecting on John’s life remarked, “John was a very faithful, life-long parishioner of Our Lady of Guadalupe Parish and his ancestors were one of the first families of our parish. He was the type of person that would do anything for anyone and was known for his generosity. He was a dedicated husband and caregiver for several relatives.”
John was the great grandson of Archibald Monk, one of the founding fathers of Sampson County. During his retirement years, John spent many loving hours in the preservation and upkeep of the Archibald Monk House, which is located in Weeks Park in Newton Grove.
Some years ago, John decided to established a deferred charitable gift for the benefit of his parish, Our Lady of Guadalupe in Newton Grove. John named the parish as a secondary beneficiary of his Individual Retirement Account (IRA). John named his wife Frances as the immediate beneficiary. After John passed away, Frances received the distributions (income) to assist her for the remainder of her lifetime.The IRA distributions continued to be paid out to Frances until the time of her death in January of 2016.
At the time of Frances’ passing the remaining funds in the IRA were distributed to the parish. John made sure that his family needs were met by providing them a stream of income from his retirement plan first to his wife then to his parish. Furthermore, because the parish is a charitable organization, it does not pay taxes on the income received from the IRA.
Through a strong faith and loving service to his family, country and Church, as well as thoughtful charitable planning, John’s legacy will live on by providing for significant repairs to this historic parish, which over the years was visited by both St. Katherine Drexel and Servant of God, Fr. Thomas F. Price. The pastor of Our Lady of Guadalupe Parish, Fr. Kevin Moley, said the gift will be used for various repairs and upgrades to the parish property.
If you would like to learn more about using retirement assets to better serve your family and the Church, please contact the Office of Stewardship and Advancement today at 919-821-9774. John Monk took the time to plan by completing his IRA beneficiary designation form and now many parishioners will be able to worship in this beautiful parish.