Endowments

Endowments: Blessings In Abundance

An endowed gift is a permanent, self-sustaining source of funding. Endowments are managed investments.

Naming St. Anthony of Padua Catholic Church as a beneficiary in your endowment and legacy planning provides you with the unique opportunity to make an enduring contribution benefiting our parish far beyond your own lifetime. Imagine the satisfaction of knowing your passion for St. Anthony of Padua Catholic Church will continue to impact the parish in meaningful ways for years to come!

Why make an endowment gift and what is it?

• An endowed gift allows you to support areas and programs that are important to you in perpetuity. These areas and programs will receive an annual distribution of the income generated by your donation.
• An endowed gift is a permanent, self-sustaining source of funding. Endowment assets are invested. Each year, a portion of the value of the fund is paid out to support the fund’s purpose, and any earnings in excess of this distribution are used to build the fund’s market value.

How do endowment gifts work?

• Endowment gifts ensure the future of St. Anthony of Padua Catholic Church by creating an on-going income stream. This allows for financial stability and sustainability with oversight and transparency regarding the management of the funds.
• St. Anthony of Padua Catholic Church is partnering with the Catholic Endowment Foundation of Galveston-Houston (CEFG). CEFG manages and administers all of the Endowment Funds in the Diocese of Galveston-Houston. Each endowment is specifically ear marked to support a specific parish or project, (in this case, St. Anthony of Padua Catholic Church). St. Anthony’s endowment’s dividends, interest, income, proceeds, investments and reinvestments shall be held, managed and administered as a permanently restricted, perpetual endowment fund for the sole use of St. Anthony of Padua Catholic Church.
• There is a $50,000 minimum required to establish an endowment at CEFG. Currently, St. Anthony of Padua Catholic Church is receiving donations and placing them in a separate holding account until the minimum threshold is met.

St. Anthony of Padua Catholic Church currently has created a single endowment with the purpose of funding the following categories:

• Education and Evangelization – supports the education of children, adults and converts through the activities of the Church and School along with outreach efforts
• Missions and Ministries – supports the work done by the many ministries in the Parish and School to serve as the hands and feet of Christ in support of others
• Facilities and Operations – supports the physical plant, buildings, infrastructure, technology and annual operational needs
• General – funds to be used at the discretion of the Pastor for the greatest need.

As additional funding donations or new directed endowment requests are received, St. Anthony’s will expand our defined endowments.