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ST. JUDE ENDOWMENT FUND
OVERVIEW
The St. Jude Fund was started in 2023. The purpose of the fund was to provide long term annual gifts to areas that are special to the donor. One half of the interest of this fund is to be split three ways between St. Thomas Academy, St. Thomas Parish and a fund at the Diocese of Baker to help the special needs of priests in the diocese.
The distributions are unrestricted. The other half is returned to the principle for growth. The funding source is long term estate planning of the donor. Some funding is ongoing, the major funding will come at the donor’s death. The fund will begin distributions in 2025.
FOUNDED
2023
PURPOSE
EDUCATION
SUPPORTS
ST. THOMAS PARISH & ACADEMY
PRIEST CARE
DISTRIBUTIONS
RESTRICTED
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DistributionHalf of the fund's interest is divided among St. Thomas Academy, St. Thomas Parish, and a Diocesan fund for priests.
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Catholic ContextThe fund operates within the framework of the Catholic Church, specifically the Diocese of Baker, and is named after St. Jude, a patron saint within the church.
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ReinvestmentThe other half of the interest is reinvested to increase the fund's overall value.
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FundingThe fund is primarily supported by the donor's long-term estate planning, with a portion of the funding being ongoing and the major contribution occurring upon the donor's death.
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ImpactThe distributions are unrestricted, allowing the recipients to use the funds as they see fit.
DETAILS TO CONSIDER
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CONTACT US
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