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Endowment Funds

What are Endowment Funds?

An Endowment Fund provides a source of annual income to the organization of your choice. This fund is designed to function in perpetuity, making it possible for you to ensure long-term financial support to your chosen cause. Once established, anyone can make additional contributions to the fund in any dollar amount.

The Catholic Foundation of South Louisiana offers two types of endowed funds:

True Endowment

The True Endowment is maintained permanently, with only the earnings being available as a source of income.

Click here for the Endowment Fund Agreement.

Download

Quasi Endowment

The Quasi Endowment functions as an endowment but allows individuals or organizations to access both the earnings and principal in cases of emergency.

Click here for the Quasi Endowment Fund Agreement.

Download
  • Open an Endowment Fund with a minimum of $10,000
  • Designate any ministry, or leave unrestricted to serve the greatest need
  • Open with cash, marketable securities or other assets
  • Avoid capital gains taxes on long-term, highly appreciated assets
  • Make a bequest from your will, trust, or policies
  • Once an endowment is established, gifts of any size can support an endowment
  • Ensuring your gift continues to make an impact for years to come
  • Fund at death with a gift or designation in your will, trust, or beneficiary designation
  • Invested in accordance with the United States Conference of Catholic Bishops guidelines for Socially Responsible Investments
  • Avoid capital gains taxes on long-term, highly appreciated assets
  • Reduction in income taxes
  • Provide a perpetual annual source of revenue for the charity of your choice

How Endowment Funds Work at the Catholic Foundation

Make a Gift

Investment

Fund Growth

Endowment Distribution

Impact in Community

To set up an Endowment

Choose the name of the fund (can be named after self, family members, as well as organization or organizations benefiting from the fund), the charitable beneficiary or beneficiaries of the fund, and a contingent charitable beneficiary in the event money cannot go to the primary beneficiary or beneficiaries (such as because the primary beneficiary or beneficiaries cease to exist).

Other information about endowments:

  • Once a year, a percentage of the endowment is given to the donor’s chosen beneficiary or beneficiaries.
  • An individual may continue to donate to the endowment after the initial donation to establish the endowment. And, anyone can donate to the endowment after it is established.