Create a legacy of support
At the Catholic Foundation, we are here to help you establish a fund that reflects your wishes. As the donor, you name the endowment fund you wish to create. You then determine the type of gift you want to give to open the fund – the Catholic Foundation can serve as a resource for yourself and for conversations with your family and professional advisor. And, finally, you designate the purpose of your endowment fund. See what types of funds you can establish.
An initial gift of a minimum of $5,000 allows you to create your own endowment fund quickly and easily. Your gift can be in the form of cash, securities, life insurance or real estate. We will prepare a contractual agreement that specifies how you wish the endowment to be named and how the income will be used. You, and others, may then add to the fund at any time. Many people like to make contributions in honor of birthdays, anniversaries or other special occasions.
Establishing a Future Endowment
Some people prefer to establish their endowment through their will or as the designated beneficiary of their life insurance or retirement plan. To ensure that your charitable wishes are fulfilled, you may fill out your endowment agreement early, and then allow the endowment to be funded later by your bequest. We recommend that you consult an attorney or financial advisor for assistance in making a gift by a will.
Whichever way you choose to establish an endowment fund with the Catholic Foundation, your contributions will qualify for the maximum tax deductions allowed by law.
Support an Existing Fund
The Catholic Foundation supports and manages 43 charitable endowments that support local Catholic ministries, schools and parishes.