An endowment fund is a perpetual fund, created by charitable donations in the form of cash, stocks, mutual funds, real property, or other personal property given to the Foundation. The practice of investing the principal, rather than spending it, creates a perpetual fund. Most of an endowment’s annual earnings are distributed to the designated benefactors. Endowments provide a “forever-giving” funding source for Catholic programs and activities. A gift in your will could establish an endowment and a lasting legacy for you, your family, and benefactor.
If you would like information on how you can leave a lasting legacy for yourself or a loved one, call Nicole to set up an appointment.