Outreach Endowment Fund

An endowment fund is a permanent pool of money invested to generate income for a specific purpose. The principal amount remains intact, while the earnings are used to support the parish’s ongoing needs.

When individuals, families or organisations contribute to the parish outreach endowment fund, they add to the corpus of the fund, which means the disbursements grow, year on year. Parishioners can make a single donation, set up a monthly deduction, or include the parish endowment in their Will. 

Our parishioners have helped to establish the endowment fund with an initial investment of $2000 with disbursements commencing when we reach $50,000. Our aim is to grow the corpus of the fund over time, ensuring a viable income stream for the parish for many generations to come. 

The Catholic Foundation manages the establishment and administration of endowment funds. This outreach endowment is held under the Hardship Relief Fund which is a charitable trust established to protect these assets and maintain them permanently. Donations to the endowment fund are tax-deductible.

The parish outreach endowment is a fund which provides a distribution of earnings to the parish each year in perpetuity. Gifts to the endowment fund build the corpus and increase the annual distribution ensuring an ongoing stream of funding. This fund will help those who are struggling, whether it’s paying bills, putting food on the table, or affording an education for their children.

Unlike regular donations that are spent immediately, this endowment is invested for growth, ensuring that the principal remains untouched while 5% of the fund’s balance is distributed annually to support those in need. As the fund grows over time through donations and investment returns, the annual distributions will increase, creating a permanent source of financial assistance for our parish community. As the Fund grows through new contributions over time, greater support is available for the sacramental and community outreach work of the parish.