What is an endowment?
An endowment fund is comprised of donated gifts which are invested to produce more income that the original gift. The principal of the gift remains intact while the interest earned on the gift can be distributed to the beneficiary.
Why does St. Thomas Aquinas Catholic Church need to build a strong Endowment Program?
To generate funds that will secure our future financial security as a supplement to stewardship of giving.
Are there any endowments already established for St. Thomas?
Yes, our program consists of six (6) endowment funds, three (3) of which were established by parishioners, (2) of which were established by the parish and (1) of which was established with proceeds from a special event.
Why would a donor be interested in establishing his or her own endowment to St. Thomas?
Many individuals and families are interested in establishing endowments because:
• Endowment gifts can be designated for a specific purpose
• Endowment gifts support the intent of the donor
• Endowment gifts can be used as a way to permanently honor or memorialize an individual or family and...
Endowment gifts...never stop giving!