What is an Endowment?

Endowments are permanent funds invested to generate income for a particular area of ministry, organization, or program FOREVER. The principal of the endowment is never drawn upon; we invest the principal and grant between 3% – 5% annually from only the interest and earnings.

These types of funds are critical to the long-term survival of parishes, schools and other organizations as they provide a permanent and reliable source of income over time. This is how, with your help, we are building FOREVER VALUE for our community.

The Foundation offers endowments that are designated for a particular organization or purpose as well as those set up for the benefit of a field of interest.

Types of Endowments

Our endowments generate grants once annually. The purpose of the grants (how the money can be used) is set when the fund is established.

Field of Interest Endowments

This type of endowment is established to support a particular area of interest, such as liturgical music, social ministry programs evangelization, or supporting educational programs. Grants from these funds are offered during the Foundation’s Spring Grant Cycle where qualified organizations are encouraged to submit an application for a grant. Unlike designated endowments, the grants from these endowments are restricted by purpose, and so they may be awarded to different organizations/programs each year.

Designated Endowments

This type of endowment is established to support specific organization(s) or program(s). The beneficiary is the same every year and does not submit an application to receive a grant.

School & Education Designated Endowments

This type of endowment is established to support a specific school or educational program.