Holy Trinity’s Endowment Fund / Fondo Patrimonial de Holy Trinity
What is an endowment fund?
An endowment is a permanent fund established to sustain the mission of the organization (parish, school, nonprofit, ministry) long into the future. Endowments are intended to last forever. Gifts to the endowment funds are not spent, but rather are invested and protected (the principal or corpus of the fund). Over time, with market growth and new gifts, the funds grow and the market value of the endowment increases.
Gifts to endowment funds can be cash, appreciated stock, IRA distributions, real estate, bequests, life insurance, a portion of a business, and other appreciated assets. Most organizations are eligible for a designated grant distribution when the fund reaches $25,000. Some of the endowment funds have a higher threshold for eligibility which was established at the time the endowment agreement was signed.
What is a designated grant distribution?
The designated grant distribution is the annual grant from the fund for the intended beneficiary organization. Unlike the Catholic Community Grants and the Parish Enrichment Grants, which are considered competitive and require an application, no applications are required to receive the designated grant distributions. However, a form will need to be completed for the parish, school, or nonprofit, to receive the designated grant annually.
The endowment fund aids in the sustainability of our parish for current and future generations.
How can you support our parish endowment fund?
• Make a gift now – You can make a gift of cash, appreciated stock, real estate, or other assets like a coin collection or jewelry. You can also give a one time or recurring online gift with a credit card or ACH payment. You can make a gift to the endowment fund in honor of or in memory of someone you love, a birthday, or an anniversary.
• Make a planned gift – you can make Holy Trinity Catholic Church a full or partial beneficiary in your will or estate plans, life insurance policy, or retirement accounts like an IRA.
For more information please contact the Catholic Foundation of North Georgia at 404.497.9440 or visit their website HERE
Thank you in advance for your support both now and in the future.
And, please pray for our parish, that we may continue to do God’s work in our community for generations.
Para español comunicarse con Juliet Greco al 404-497-9440 o jgreco@cfnga.org