What is a Family Endowment?
A Family Endowment is a fund that you create which will grant to the ministries you care about – forever ensuring your family legacy. The principal of the endowment is never drawn upon; we invest the principal and grant from the interest and earnings; therefore, the funds will never expire. You have the option to start the fund today or name the fund as a beneficiary in your estate plan. The fund can grant to one or multiple recipients. Whatever you select, you will know that the ministries and organizations you care about will always be supported by your legacy.
Why the Catholic Community Foundation?
Our core value is to provide donors the opportunity to develop funds which will support programs, organizations, and ministries which are making a positive impact on the community. We manage all our funds under USCCB guidelines for socially responsible investing so you know your funds are being responsibly invested.
The Foundation’s experienced staff can offer ideas and custom solutions to fulfill your philanthropic goals, and we will be with you through every step of the process to answer questions.
“The finance committee at Saint Mary School could be having a meeting one hundred years from now, and they will receive substantial support from many different Family Endowments that were created in the past. And it will not only help the school then, but it’ll encourage the committee members to get involved and do the same thing,”
– Ray Triplett on why he decided to include Saint Mary School as a beneficiary of his Family Endowment
Click to read the full story about the Triplett Family Endowment
Minimums
The minimum amount required to establish a Family Endowment is $25,000 and this allows for the naming of two different beneficiaries. For each additional beneficiary that a family wishes to name, an additional $12,500 is required. This allows for a grant of at least $500 per beneficiary per year.
When will your Family Endowment begin disbursing funds?
TODAY:
Fill out the form and fund your Family Endowment today and the disbursements to the ministries you select will begin during your lifetime.
or
LEGACY:
Name the Catholic Community Foundation of Santa Clara County as a beneficiary of your estate, retirement account, or life insurance policy. Please reference your Family Endowment in your bequest.
How to Start Your Family Endowment
Follow these simple steps to set up your Family Endowment:
- Select the ministries you would like to remember in your endowment.
- Examples include: your parish, a Catholic school, a Religious order, Catholic Charities, etc.
- Determine the percentage allotment to each (equal distribution or a specific percentage to each recipient).
- Complete our Family Endowment Form or contact the Foundation to help define your endowment.
- Download the Family Endowment Form to see how to set up a fund and read the Terms and Conditions.
- Contact the Foundation any time with questions or to have us help you set up your endowment at 408.995.5219 or info@catholiccf.org