What is an endowment?
An endowment is a perpetual fund. Literally, it lasts forever. An endowment continues to grow while earnings are distributed each year for your parish or school. An endowment fund is permanent and will generate income for your organization forever.
Why is an endowment important?
We are called to be good stewards of our property, buildings, programs, and services. This includes securing the necessary funds to cover today’s expenses, as well as building capacity for future growth. Endowments are critical to the long-term survival of parishes, schools and charitable organizations because they provide a permanent and stable source of income over time.
Who has endowments?
Endowments are perfect for parishes, schools, Catholic non-profits and even families.
To learn more about endowments and how the Catholic Community Foundation can help you achieve your goals, call 602-354-2400.