An endowment is a fund that is invested in perpetuity and provides a spend rate that reflects a portion of the annual earnings, distributed in the form of annual grants to your parish or favorite charity, forever.
Many non-profits establish endowments because it helps finance an organization’s future with resources that support, enhance, or expand the services they provide to serve the needs of our Catholic community, such as school or parish endowments.
With a permanently-restricted endowment, your commitment to the causes you care about will be honored and will continue beyond your lifetime. When you establish a permanent endowment fund at the Catholic Foundation, you can be assured that we will prudently invest and manage your permanent gift. Once established, anyone can make additional contributions to the fund in any dollar amount.