An endowment is a permanent fund comprised of a gift which, when invested, generates interest income that becomes a funding source for a designated purpose in perpetuity. Creating an endowment fund for Holy Family Catholic School will provide a lasting gift that will support our mission to promote excellence in education—both spiritually and academically—for the whole person, thereby nourishing the gifts uniquely given to each by God.
How to create an endowment fund
Gifts of $10,000 or more to Holy Family Catholic School can be used to create a designated (restricted) or unrestricted endowment fund.
Designated Endowment Fund
A designated endowment fund is a fund that is established when a donor signs an agreement with Holy Family Catholic School specifying the name of the fund and designating its intended beneficiary and/or use. The beneficiary and/or intended use of the fund must support HFCS’ mission. A minimum of $10,000 is required to establish a designated endowment fund.
Unrestricted Endowment Fund
An unrestricted endowment fund is a fund that is established when a donor signs an agreement with Holy Family Catholic School specifying the name of the fund without designating a specific beneficiary or use. The HFCS administration will determine how the income from unrestricted endowment funds is used in accordance with HFCS’ mission. A minimum of $10,000 is required to establish a named unrestricted endowment fund.
If you wish to establish a new endowment fund please contact us.