What is a Permanent Named Endowed Fund?
The Saint John XXIII Foundation offers supporters the opportunity to establish named endowed funds within the General Endowed Fund that perpetually support the practice of the faith of Catholics in the Armed Forces, Catholic patients in the Department of Veterans Affairs Medical Centers, and Catholic United States government personnel serving outside of the United States.
Creating a Permanent Named Endowed Fund in your name, the name of a loved one, or in honor of a cause that you want to celebrate, establishes a legacy that ensures support to ministries you specify for years to come. All Permanent Named Endowed Funds are invested in the Foundation’s investment portfolio and a percentage of the annual income is distributed to support the intended beneficiary. Possibilities for donor-designated Permanent Named Endowed Funds include annually underwriting the Evangelization and Youth Ministry, the costs associated with the travel for pastoral visits of the Archbishop and the Auxiliary Bishops, the preservation of Sacramental records, or underwriting the Vocation Office. Other opportunities exist and can be crafted to meet the needs of the beneficiary according to the wishes of the donor.
Permanent Named General Endowed Funds are the best way to support the ministry of the Foundation, as they are board-designated and allow the Board of Directors to annually respond to the greatest needs in the form of a grant.
A Named Endowed Fund can be created with a gift or pledge of $50,000.00 or through your estate. Families can establish a named fund with an initial gift, and grow the fund over time through additional gifts. All Named Funds are open for public contribution.
To learn more about how you can support or create a Permanent Named Endowed Fund, please contact John Schlageter, Executive Director at: (202) 230-4316 or ExecDtr@stjohnxxiiifoundation.org
To complete or download the Named Endowed Fund Form, click here.
Named Permanent Endowed Funds of the Saint John XXIII Foundation:
- Faith to Forces Fund – created by a $500,000 gift in order to support the general ministry of the Foundation.