St. Katharine Drexel Endowment Fund
Purpose of this Fund:
The exclusive purpose of the Fund is to establish a long-term Catholic legacy, which will provide support for specific Parish initiatives including the Parish’s support for Catholic Schools and poor Parishes/Missions within the Diocese of Venice in Florida. In addition, distributions from the Fund can be used for capital investments (improvements and betterments made to Parish property, buildings, or equipment), major repairs or maintenance, reduction of debt, and other extraordinary* expenses at St. Katharine Drexel Parish in Cape Coral, Florida.
Why Support an Endowment Fund?
An endowment fund provides a source of annual income to the Catholic entity of your choice. Endowments are designed to function in perpetuity, because the original gift amount (the principal) is invested and the earnings are used to provide long-term financial support to a Parish, school, program or the ministry about which you care most. Once established, anyone can make additional contributions to the fund in any dollar amount.
Many endowment funds are created through gifts from wills or trusts, however, a significant number of donors choose to fund their endowments while they are still living so they can see the impact of their gifts. There are numerous ways to fund an endowment with the Foundation including gifts of cash, securities, property, distributions from retirement accounts and more.
Other Giving Options
To learn more please contact the Catholic Community Foundation of Southwest Florida at 941-441-1124 or CCF@dioceseofvenice.org
