Endowment | Legacy Giving
When you contribute to the St. Benedict endowment fund, you create a permanent legacy of support for St. Benedict. Endowment funds are a permanent, self-sustaining source of funding. Each year, a portion of the value of the fund is paid out to St. Benedict to support the fund’s purpose, and any earnings in excess of this distribution are used to build the fund’s market value. In this way, an endowment fund can grow and provide support for its designated purpose in perpetuity.
We understand that many donors don’t have the capacity to give gifts on an annual basis, but we have been asked about legacy gifts. Legacy gifts are gifts donors can give by using other types of assets, such as art and life insurance policies, and more thoughtful planning through estate gifts and endowments.