Endowments
The Power of an Endowed Gift to the Catholic Church
An endowment gift to the Church today provides a brighter picture for our future. When you make a donation to a parish endowment, you give a gift with both immediate and long-term benefits.
Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs of the Church. The remaining funds are reinvested to ensure indefinite support.
An Example of How It Works
Longtime supporters Susan and Charlie have two goals: First, they want to make sure their parish continues to receive support after they’re gone. Second, they want to memorialize Charlie’s parents, Mr. and Mrs. Jones.
Susan and Charlie make a $25,000 donation to their parish, which is invested, and each year, a portion of the income from the invested money will be used to support the parish in honor of the Joneses. Plus, Susan and Charlie qualify for a federal income tax charitable deduction on their taxes.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.
