Update on Sacred Heart Education Endowment Fund
In January of this year, a Named Fund Policy within the Sacred Heart Education Endowment Fund was established. A Named Fund begins with a minimum starting balance of $10,000. Contributions can be made to any Named Fund by the original donor(s) or others.
The Sacred Heart Education Endowment Fund is built from both small and large contributions. These come from cash donations, memorials, bequest, insurance policies, real estate, investments, and now a Named Fund. Some families name the endowment for memorials of their loved one.
All contributions are invested and only the annual earnings are given to the parish each year to help with the increasing cost of our educational needs. Your tax deductible gifts are perpetual. They continue to give year after year.
Since 1995, the fund has gifted over $1.1 million to our Parish Catholic Education programs Today we have approximately 2 million dollars in the endowment fund, thanks to the generosity of many people! An endowment DOES WORK.
When doing your financial or estate planning, please remember the Sacred Heart Education Endowment Fund.
THANK YOU for your continued support. It is appreciated!