Parish Endowment Match
We are pleased to announce that a generous donor will match new Parish Endowment funds raised this fiscal year!
UPDATE: The Match deadline has been extended to September 30, 2017! See below for the new rules for the extension:
1. Collaborate with the Foundation in an initiating activity by June 30. Qualifying activities include:
- Start the endowment (it only takes $1,000)
- Meet with Mary to develop a plan for your parish
- Invite the Foundation to give a brief presentation at your pastoral or finance council
2. Raise $20,000 for your endowment fund by September 30
3. The matching $20,000 will be deposited in your endowment the quarter after you reach $20K
$1 Million Parish Endowment Match
How Does it Work?
- Any individual (a priest, staff member, parishioner) can start the parish endowment with a donation of $1,000
- A parish endowment established with the Foundation whose total donations are $20,000 or more by September 30, 2017 will receive a $20,000 match
- A parish endowment established with the Foundation whose total donations are less than $20,000 by September 30, 2017 will receive a 50% match
- Your parish will receive an annual disbursement from its endowment once the balance reaches $25,000. Grants are made annually in Q4 as a result of 3-5% of the quarterly rolling average
An endowment is a permanent fund invested to produce income for a specific purpose (in this case, a specific parish). The principal of the fund remains untouched; only the income it generates is used. Since endowments are maintained forever, a gift to an endowment is truly a gift that continues forever. Through the endowment, you are providing for future generations. Imagine knowing that because of your decision today, your parish will receive a grant every year, even more than 100 years from now!
The $1 Million Match is a great opportunity to jump start your parish’s endowment and allow your endowment to immediately reach a balance that provides disbursements to your parish annually!
Parishes with an Endowment at the Foundation
Don’t see your parish on the list? Start an endowment for your parish today!