Frequently Asked Questions
Why should donors consider an endowment rather than an outright gift?
With an endowment, the gift stays permanently invested. An annual distribution is generated by the fund’s earnings to supports the life and work of the parish year after year.
Is there a minimum amount that can be given?
No. Contributions of any size are gratefully accepted.
Can the parish or diocese ever claim funds from the endowment, in all or in part?
No. As a legally established investment contract, the endowment can never be closed or used in any way other than specified at its establishment. Again, the endowment generates interest earnings each year that are used to support the life and work of the parish.
Should I consult my own lawyer or financial advisor before making a contribution?
It is important for donors to feel completely comfortable in their relationship with the CDMF. Though the fund utilizes the services of top professionals in the legal, accounting, and financial planning fields, donors should use their own lawyer, CPA, certified financial planner or life insurance professional to review arrangements and prepare the appropriate documents.
Visit the Catholic Diocese of Madison Foundation’s website to learn more.