Parish Endowment Match

Congratulations to all the parishes who reached and exceeded the $20,000 goal! The time and generosity that was poured into this effort was truly inspiring! 

The $1 Million Parish Endowment Match ran from September 2016 to September 2017. Please see the image below for some amazing results and statistics.

Your Parish’s Endowment still needs to grow! The match was meant to be a jumping off point for growing endowments in our community. Current and planned gifts are always welcome. Scroll down to donate to your parish’s endowment today or contact us to discuss complex or legacy gifts.

 

$1 Million Parish Endowment Match Results

Parish Endowment Match Results

twig_from_coinsWhy an Endowment?

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!

 

Endowment Quick Facts

  • Any individual (a priest, staff member, parishioner) can start a Parish or School Endowment with a donation of $1,000
  • The beneficiary (the parish or school) 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
  • The Catholic Community Foundation manages the Endowment funds. The individual parish or school does not own the fund
  • Grants from the endowment are treated like unrestricted donations to the parish. It is up to parish leadership to decide how to spend the money they receive from the endowment
  • Only the earnings of the fund are used for granting. The principal of the fund is never touched, even in a dire emergency

Parishes with an Endowment at the Foundation

Don’t see your parish on the list? Start an endowment for your parish today!

Download the Endowment Agreement Here

The Foundation manages two types of endowments, designated and field of interest:

DESIGNATED ENDOWMENT
An endowment that is established to support a designated beneficiary, such as a parish or Catholic organization. A designated endowment established in support of a parish requires a $1000 minimum donation. A designated endowment for any non-parish organization requires a $10,0000 minimum donation.

FIELD OF INTEREST ENDOWMENT
An endowment that is established to support a particular cause or area of interest, such as liturgical music or social ministry programs. A field of interest endowment requires a $100,000 minimum donation.

Endowment Agreement/Application