An endowment is a promise.
It can ensure, for example, that a parish will always have sufficient operating funds, that a new building can be maintained for its entire life, or that a ministry will always be able to help those in need. Parishes offering an endowment allows parishioners to honor or memorialize a loved one, establish a lasting legacy of faith, or support a chosen organization or cause near to their heart in perpetuity.
Starting a parish endowment fund or placing a current endowment fund at the Foundation or with the Diocese can provide an opportunity to plan for and support the future needs of the parish. The principal of the endowment will grow over time, and the income must always be used to fulfill their wishes. The Catholic Community Foundation and the Diocese manage parish endowment funds as a part of its total investment pool, offering the parish advantages of size.
Parishes have the option to invest funds in a 60% equity/40% portfolio that rebalances automatically, or choose a different asset allocation without the automatic rebalancing feature. The Catholic Community Foundation will help guide you through the process of creating the endowment and marketing it to your parish after set up. For more information, contact Justin Turk at jturk@dioceseofcleveland.org 216-696-6525 x1142 or Mary Lou Ozimek at mozimek@catholiccommunity.org 216-696-6525 x4070.
Existing Endowment Funds
Divine Word Legacy Fund
Holy Family Parish Endowment Fund
Mary Queen of Peace Endowment
MCS (Metro Catholic School) Vision Endowment Fund
Our Lady of the Lake - Lavona Avitt Trust
Our Lady of the Lake Endowment Fund
St. Angela Merici Parish Endowment Fund
St. Anthony (Fairport Harbor)
St. Augustine Parish Endowment
St. Augustine School Endowment
St. Basil the Great Parish Endowment Fund
St. Cyprian Parish Endowment
St. Francis de Sales Parish Education Endowment
St. Francis Elementary School Fund
St. Francis of Assisi Parish Endowment
St. Francis Xavier Parish Endowment
St. Francis Xavier School Endowment
St. Gabriel Parish Endowment Fund
St. Gabriel Parish Investment Fund
St. Joseph Amherst Parish Endowment Fund
St. Joseph Amherst School Endowment
St. Mary Parish Fund (FHFO)
St. Mary Parish John Paul II Scholarship Fund (FHFO)
St. Matthias the Apostle Parish Endowment Fund
St. Peter Parish Endowment Fund (North Ridgeville)
St. Thomas Elementary School Fund
The Metro Catholic School Endowment Fund