What is an Endowment?
An endowment fund is a perpetual fund. It is created by charitable donations in the form of cash, stocks, mutual funds, real property, or other personal property given to a Foundation.
How does an endowment work?
The practice of investing the principal, rather than spending it, creates a perpetual fund. Most of an endowments annual earnings are distributed to the designated benefactors or programs. Endowments provide a “forever giving” funding source to Catholic programs and activities. It’s easy and does not require a monetary gift to set up.
A gift in your will or trust could fund an endowment and leave a lasting legacy for your family and for your Parish. Call for more information at (605) 999-9127.
Your gift to the Mitchell Catholic Foundation will support the spiritual, educational, and social well being of our Catholic faith community in perpetuity.
Your gift will assure that our various ministries will be viable well into the future. In addition, a donation regardless of size, is a beautiful tribute, a way to acknowledge a loved one or commemorate a special occasion.
When making an online donation, please select "other" and specify the fund name you wish to support. Thank you for your generosity!