What is an Endowment Fund? 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 could fund an endowment and leave a lasting legacy for your family and for your Parish. Call the Mitchell Foundation Office for more information at (605)999-9127.
Your gift to the Mitchell Foundation for Catholic Education can help support the spiritual, educational, and social well being of our Catholic faith community.
A gift can help 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.
We have many generous families and benefactors who have established named endowment funds to perpetually support Catholic Education in Mitchell. Please visit their pages below to learn their stories and the legacies they have created.
Boehnen Family Endowment
Brock and Carol Millan Endowment
Byorth Family Endowment
Carney and Maggie Nelson Memorial Endowments
Charles and Lois Paulson Family Endowment
Clifford (Jack) and Margaret Young Family Endowment
Clinton and Donald Roster Endowment
Dennis and Diane Padrnos Family Endowment
Don and Barb Young Family Endowment for Faith Formation
Don and Jean Culhane Family Endowment
Dr. Leon and Rosemary Peschong Endowment
Edward and Kathleen Roster Family Endowment
Fred and Joan DeRouchey Family Endowment
George & Laverne Carey and Jerry Carey Memorial Endowment
Jerry and Jeanette Gebel Family Endowment
John Paul II School Music Endowment
Marley and Marianne Scheid Memorial Endowment
Mary Jo Wittstruck Memorial Endowment
Stephen (Steve) and Bernadette (Bunny) Koester Endowment
Marilyn Peschong Scholarship Endowment
John Paul II School PTO Scholarship Endowment