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Endowment Fund

 

St. Clare of Assisi Parish Endowment Fund

What is an endowment?

An endowment is a perpetual fund. Literally, it lasts forever. An endowment continues to grow while earnings are distributed for our parish. An endowment fund is permanent and will generate income for our parish forever.

Why is an endowment important?

We are called to be good stewards of our property, buildings, programs, and services. This includes securing the necessary funds to cover today’s expenses, as well as building capacity for future growth. Endowments are critical to the long-term survival of parishes, schools and charitable organizations because they provide a permanent and stable source of income over time.

Gifts made to this fund are not for general operating expenses.  They are accumulated in our parish endowment fund held at Catholic Community Services. These funds are invested and the earnings are distributed to the parish.

To learn more about endowments and how the Catholic Community Foundation can help you achieve your goals, call 480.651.8800.  Catholic Community Foundation

Find out more about endowments from ccfphx.org/endowments


 

 

 
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