ENDOWMENT FUND

Preserving Our Heritage, Strengthening Our Future.
The St. Anthony Endowment is a permanent financial foundation created to provide long-term, stable support for the parish’s ministries, maintenance, outreach, scholarships, and future needs. The principal remains invested, while a portion of earnings is distributed annually according to parish policy.

Key Definitions
Endowment - A permanently invested fund in which the principal is preserved and only a portion of earnings is spent.
Named Fund - A donor-designated sub-fund created when the donor meets the parish minimum and the naming is approved.
Restricted Gift - A gift in which the donor specifies the purpose. Acceptance depends on parish policy and long-term sustainability.

FAQs

1. What is the purpose of the Endowment Fund? The Endowment Fund is a permanent, professionally managed resource established to support the long-term mission, stability, and future of St. Anthony Parish.

2. How is the money in the fund used? To help ensure the fund’s lasting strength, the principal remains invested. Only a portion of the earnings—up to 4% annually, as needed—is used to support important parish needs such as building preservation, youth faith formation, and the long-term financial stability of the parish.

3. Who oversees the management of these funds? The Endowment Fund is professionally managed and overseen by parish leadership in conjunction with a Financial Advisory Committee. This structure helps ensure that investments are handled responsibly, in accordance with Catholic values and sound professional standards.

4. Can I create a fund in memory of a loved one? Yes. Named Funds may be established as a lasting memorial to a loved one with a minimum contribution of $50,000.

5. What are the different ways I can contribute? We welcome several types of gifts so that parishioners and friends may give in a manner suited to their financial circumstances:

· Immediate gifts: cash, checks, stocks, bonds, or Donor Advised Funds

· Tax-efficient gifts: IRA Required Minimum Distributions (RMDs), Charitable Remainder Trusts (CRTs), and highly appreciated assets

· Planned gifts: bequests through a will or trust, retirement accounts, life insurance policies, or other estate-planning arrangements