An endowment is a gift that provides a stable source of economic support in perpetuity for the endowment’s beneficiary. This gift becomes a permanent investment for the beneficiary, with the annual interest from that investment providing financial resources to support an area of need or to provide valuable operating income.
Just as it is important for a family to save money for things like children’s education, emergencies and retirement, it is also important for Catholic parishes, schools, agencies and the Archdiocese to build reserves on which they can depend. Funds generated through an endowment will always be there, a perpetual gift for years to com.
An endowment is a great opportunity for you and the beneficiary. Your are able to leave a legacy for the future and the knowledge that your gift will go to provide perpetual support for a ministry. Also, you or your estate will receive the tax benefits that come with making this donation. Additionally, you may be able to honor someone through the naming of your provided endowment. You gain all this and a ministry receives a needed source of revenue. Because of your endowment, there is assurance that there will be financial resources for the future of your preferred ministry.
Your gift – alone or combined with the gifts of others – can provide a lasting and much needed financial resource for your parish, your Catholic alma mater or for a favorite ministry.
For more information concerning current endowments or how you may contribute to an endowment, please contact the Office of Development at (415) 614-5580 or at development@sfarchdiocese.org.
