Endowments - A Legacy That Lasts Forever
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Endowments are funds set aside for the current and long-term benefit of organizations. The initial and additional funds contributed to endowments are invested in professionally managed, Catholic responsible investments and a portion is distributed regularly for their designated charitable purposes.
Endowments typically are permanent and will generate income for the designated beneficiaries forever. They give donors’ charitable giving eternal life on earth. Endowments provide stability now and the future with an ongoing, regular, reliable source of income for the designated purpose. They also buffer uncertainties in:
economic downturns
changes in donor base
other unforeseen events (like a pandemic)
year-to-year variances of gifts from wills from donors who want to leave a lasting legacy
You can give to an existing endowment or create one for the specific purpose you wish to help. CFAD invests all endowment funds according to our endowment policy. Our goal is to preserve and prudently grow the endowment so it lasts forever and keeps up with inflation.
We distribute a set amount each year for the intended purpose of each of the endowments we administer. As the endowment grows, so does the distribution.
If you like the idea of making a difference today and tomorrow, an endowment is your perfect choice. It is simple to donate to an existing one or establish a new one, and we design them to last forever.
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Top 10 Benefits of Endowments for Donors
Impact lasts forever
No administration cost for you
Simple to give to an existing one or establish a new one
One-time gift creates many returns
You can always add to an endowment, now or through your will
You can give to or create an endowment now or in your will
You may use a variety of assets to fund an endowment
Your gift gives you tax benefits to the extent the law allows
Your children and grandchildren see your legacy in action and can contribute to it
If you create an endowment, you determine its purpose and can design it to end after a certain time or event
Contact Us and ask us about the easy process with CFAD to give to an existing endowment or start a new one!
Minimum to Start a Fund:
$10,000 for a single organization beneficiary
$50,000 for multiple organizations that serve a common cause
Fees: No set-up fees; annual 0.6% fee assessed quarterly from the fund (0.15% on the quarter-end market balance)
All endowments have administrative fees. As a residual effect of endowments with CFAD, we are able to do more to help Catholic causes. Because of their religious nature, our churches and many other Catholic organizations don’t have the same access to grant sources as non-religious organizations. All fees on our endowments further the Foundation’s mission and the impact that we have in the Catholic community.
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