Walter & Sandy Barutha Endowment Fund
The exclusive purpose of the Fund is to establish a long-term Catholic legacy, which will provide support for Youth Programs at St. Katharine Drexel Parish in Cape Coral, Florida and/or tuition assistance for children of registered St. Katharine Drexel Parish (“Parish”) families attending Diocese of Venice Catholic Elementary or High Schools. It is the donor’s preference that distributions from the fund are used for Youth Program registration/tuition costs instead of supplies and materials. However, if in any given year no Parish families need assistance with Youth Program registration/tuition costs, distributions can be used for Youth Program supplies and materials.
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
Other Giving Options for St. Katharine Drexel
To learn more please contact the Catholic Community Foundation of Southwest Florida at 941-441-1124 or CCF@dioceseofvenice.org
