How will the funds generated by the Endowment Fund be used?

The primary purpose of the Endowment Fund is intended to help to:

• Keep school tuition affordable
• Reduce dependence on the Parish subsidy to the school for operation and maintenance costs
• Provide tuition assistance where needed and appropriate
• Support programs suchas the Parish School of REligion and other Catholica education within the parish.

 

Can you tell me more about Investment & Distribution?

The funds are to be professionally managed by the Catholic Community Foundation (CCF) which has successfully managed several Diocesan Endowment Funds for many years. The goal is to produce a reasonable return with an emphasis on maintaining and conserving principal.

Distributions will be made in accord with a Distribution Plan on an annual basis, provided earnings from investments are realized. The CCF employs a productive and diverse investment strategy that is consistent with the Bishop's Pastoral statement regarding Socially Responsible Investing Guidelines, excluding companies which receive revenues from abortions, pornography, contraception, manufacturing of biological or chemical weaponry, and other businesses contrary to the teaching of the Catholic Church.

Earnings distributions will be done on a case by case basis through the Endowment Fund's Advisory Board. However, contributors may stipulate specific areas they want their donation targeted to when they donate.

How Can I Contribute?

• Bequests: Bequests are gifts made to the Endowment Fund through a donor's will or trust, which may name the Endowment Fund as beneficiary. Bequests enable parishioners and others to remember St. Peter Parish as part of their estate planning and to allow the important work of the Church to continue for future generations.
• Memorial/Honorary Gifts: Memorial gifts may be made to the Endowment Fund in memory of a deceased friend or loved one. Honorary gifts may also be made to the Endowment Fund to honor a person or an event in a person's life.
• Life Insurance Policy: The Endowment Fund may be named as a beneficiary of a life insurance policy while the donor retains ownership and control of the policy.
• Retirement Plans: The Endowment Fund may be named as beneficiary of a donor's retirement account. Beneficiary designation can be a simple and flexible method to direct your estate planning goals.
• Direct Gifts: Donations of the following may be made at any time or periodically as the donor may choose:
  • Cash
  • Stocks
  • Bonds
  • Real Estate