Starting Your Named Fund or Endowment
Any person or organization can start a fund or endowment with the St. Sebastian Parish Foundation. A fund or endowment within the St. Sebastian Parish Foundation can help build a more secure financial future for the projects that are important to you and allow you to leave a named legacy with the parish.
To begin, determine your charitable priority. Whether it is supporting the school or church, a scholarship or funds for a specific project, you decide.
Then determine if this will be a fund or endowment. Briefly, funds are for short term projects where the account can be spent to zero, and with an endowment only the interest in the account can be spent every year.
Finally, start your fund or endowment with any dollar amount. For endowments, once the minimum of $7,500 has been met (which can be done over several years), the endowment will begin paying out 4% of the balance each year to sponsor your legacy.
If you have any questions or wish to start your own named fund or endowment, please contact the Director of Development at 330.836.2233 x 113 or email@example.com. Thank you for your consideration.