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SUSTAINING ADMINISTRATIVE ENDOWMENT FUND

OVERVIEW

The Operating Fund pays all the expenses for the day-to-day activities of the Foundation. It was originally funded by the Board of Directors either with cash or in-kind donations. The fees on the various funds that have been established with the Foundation by donors pay our existing expenses, which are minimal.

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FOUNDED
2006
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PURPOSE
FOUNDATION
OPERATION
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SUPPORTS
OPERATING
EXPENSES
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DISTRIBUTIONS
RESTRICTED
  • Distribution
    Half of the fund's interest is divided among St. Thomas Academy, St. Thomas Parish, and a Diocesan fund for priests.
  • Catholic Context
    The 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.
  • Reinvestment
    The other half of the interest is reinvested to increase the fund's overall value.
  • Funding
    The 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.
  • Impact
    The distributions are unrestricted, allowing the recipients to use the funds as they see fit.

DETAILS TO CONSIDER

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Contact Us

CONTACT US

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HEAR FROM DONORS

I’m grateful to have been able to contribute to the Legacy of Faith Endowment Fund. It’s a meaningful way to support the future of our church, ensuring it can continue to serve the community and nurture faith for generations to come. I’m honored to be part of such a wonderful mission.

- Legacy of Faith Donor
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