An endowment fund provides a source of annual income to the organization of your choice. The fund is designed to function in perpetuity. Individuals or organizations can establish endowments with a $10,000 gift of cash, securities, or other appreciated assets, receiving an immediate tax deduction. Additional gifts of any size may be made at any time once the endowment is established. For example, many individuals and organizations establish endowments to ensure that Catholic schools, parishes and ministries will continue to receive annual support. Each year, an annual distribution is made available to each beneficiary to be used for the purpose of the original intent.

The Catholic Foundation of South Louisiana offers two types of endowed funds:

  1. The True Endowment is maintained permanently, with only the earnings being available as a source of income. Click here for the Endowment Fund Agreement. – Download
  2. The Quasi Endowment functions as an endowment but allows individuals or organizations to access both the earnings and principal in cases of emergency.  Click here for the Quasi Endowment Fund Agreement. – Download

Benefits of an Endowment:

Endowments are a wonderful way to make a gift that will permanently benefit the parish, school, or specific ministry. They provide a donor with a chance to create a Catholic Legacy for families, individuals, parishes and schools.

Some of the benefits include:

  • The donor decides who will be the recipient of the endowment, such as a parish, school or other Catholic organization.
  • The donor has the opportunity to name the endowment in honor or in memory of a loved one.
  • The donor’s original and subsequent gifts (corpus) will be held in perpetuity with only the income being available for annual distributions.
  • The donor has the assurance that the gift will be invested to provide for the long-term needs of the beneficiary.
  • The donor will have the knowledge that the endowment will further sustain the work of the Catholic Church.
  • The donor will obtain federal and state tax advantages, depending upon the circumstance of the donor.
  • The donor has the security of knowing that the endowment is professionally managed and positioned for future growth with the pooling of all assets at the Catholic Foundation.