The St. Paul's Endowment Fund is the cornerstone of a long-range program to provide future financial stability for the parish. It is created through bequests of money and property. Once, invested, the bequests provide income for the special needs of the parish and designated programs.
HOW CAN I MAKE A COMMITMENT TO THE ENDOWMENT?
Are you interested in growing the Endowment for
Any size contribution is appreciated.
If you decide to name the Endowment in your will (or decide to stipulate the Endowment as a TOD beneficiary), and provide the Endowment Trustees with a letter indicating that you have done so, you will be honored with membership in the
Any cash or stock donation will entitle you to be honored with membership in the
The Endowment is regulated by a “Gift and Endowment Policies and Procedures" dated
Grants from the Endowment Fund are made from returns generated from the funds principal. The goal is to build the fund's principal so that sufficient returns can be generated to allow grants to be made for the parish's special needs.
Distributions from the Endowment Fund are budgeted annually, based on the expected Total Return of the funds. Total Return is the sum of interest income, dividends, and capital appreciation. The stated intent is to withdraw funds at a level (generally 5%) which will preserve the original principal of the the Fund.
If you have any questions, please contact the church office.