Why Establish Named Fund
Express Gratitude to God
When asked why they have made a truly sacrificial gift, many people often say that they have been blessed by God and want to give back to express their gratitude. When you look back on a lifetime of blessings from God and you consider how we stand on the shoulders of those who have come before us, perhaps you will want to establish an endowment fund to help others who follow you in faith.
Provide for the Future of your Parish, School or Ministry
As a faithful contributor all your life, you understand the importance of ongoing support. Our parishes rely on the generosity of parishioners who give through the offertory or support schools through tuition. Endowment income serves to stabilize ministry and ensure a steady source of income. Many non-profits derive a significant amount of income from endowments.
Honor or Memorialize a Loved One
Perhaps there is someone who has made a profound impact on your life. It may be a parent, spouse, family member, teacher, or priest. Sometimes pews, windows, and rooms have been dedicated in honor or memory of a loved one. The same could be done by establishing a named fund that would be a lasting remembrance.
Instill Philanthropic Values
You can give your children or other family members advisory privileges to carry on your philanthropy. Many donors feel this is a great way to instill philanthropic values with their heirs.
Leave a Legacy of Love
Otto J. Wuest died in 2002. His wife Eva died in 1996. This school year Otto and Eva are giving a needy child a scholarship so that he or she may attend St. Francis of Assisi School through the Otto J. & Eva B. Wuest Educational Trust Fund. Mary Frances Burke died in 2004. This fall she will help a priest continue his education and learning while on a much deserved sabbatical through the Burke-Healy Family Fund. Eileen Flanigan Serene died in 1996. This fall her parents, Pierce and Mary Ann Flanigan, will send 5 children living in the inner-city of Baltimore to Catholic school and change their lives forever through the Eileen Flanigan Serene Trust Fund.