Purpose of this Fund:
Provides student tuition and scholarship aid for financially needy students at Cardinal Mooney Catholic High School in Sarasota, 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.
To learn more please contact the Catholic Community Foundation of Southwest Florida at 941-441-1124 or CCF@dioceseofvenice.org