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WASHINGTON, D.C. — Mr. Joseph Starshak, Chair of the Board of Directors of the Saint John XXIII Foundation, is happy to announce the creation of Permanent Named Endowed Funds, a new way to support the Foundation’s Endowment.
The Saint John XXIII Foundation now offers supporters the opportunity to establish named endowed funds within the General Endowed Fund that perpetually support the practice of the faith of Catholics in the Armed Forces, Catholic patients in the Department of Veterans Affairs Medical Centers, and Catholic United States government personnel serving outside of the United States.
When advocating for this new avenue of giving, John Schlageter, Executive Director, said, “supporting the General Endowed Fund is the least restrictive and most impactful way to support the ministry of this Foundation, because it allows the Board of Directors to respond annually to the greatest needs of the Foundation’s beneficiaries.”
This summer the Foundation secured its first Permanent Named Endowed Fund, the Faith to Forces Fund, with a gift of $500,000 from two generous donors.
Creating a Permanent Named Endowed Fund in your name, the name of a loved one, or in honor of a cause that you want to celebrate, establishes a legacy that ensures support to ministries you specify for years to come. All Permanent Named Endowed Funds are invested in the Foundation’s investment portfolio and a percentage of the annual income is distributed to support the intended beneficiary.
Much like the Co-sponsored Seminarian Scholarships, a Permanent Named Endowed Fund can be created with a gift or pledge of $50,000.00 or through your estate. Families can establish a named fund with an initial gift, and grow the fund over time through additional gifts. All Named Funds are open for public contribution.
Possibilities for donor-designated Permanent Named Endowed Funds include annually underwriting the Evangelization and Youth Ministry, the costs associated with the travel for pastoral visits of the Archbishop and the Auxiliary Bishops, the preservation of sacramental records, or underwriting the Vocations Office. Other opportunities exist and can be crafted to meet the needs of the beneficiary according to the wishes of the donor.
To learn more about how you can support or create a Permanent Named Endowed Fund, please contact Mr. John Schlageter, Executive Director, at: (202) 230-4316 or ExecDtr@stjohnxxiiifoundation.org.
