Yes. Foundation Endowments are donations held for the long-term support of parishes, schools, diocesan ministries and other entities within the Catholic Diocese of Arlington. Endowment principal is held in perpetuity while earnings are available for distribution pursuant to the Foundation's spending policy. Distributions of restricted endowments are limited to a donor specified purpose(s) and/or recipient(s). Unrestricted endowment distributions may be used at the discretion of the Board.
Donors are encouraged to contribute to any of our existing Endowment Funds or customize their giving by establishing a new fund.
The Foundation's Restricted Endowment Funds:
Current restricted funds provide support to diocesan programs including:
- Seminarian Education and Vocation Programs
- Operating Endowment
- Catholic Diocese of Arlington Endowment
This list of funds will grow over time with the establishment of new endowment funds which will benefit:
- Parishes
- Catholic Elementary and High Schools along with Faith Formation
- The Priest Pension Fund and the Care of Retired Priests
- Specific programs such as Evangelization and Respect Life
- Catholic Charities of the Diocese of Arlington
The Foundation's Unrestricted Endowment Fund:
This fund generates income to support needs identified by the Foundation Board.
Memorial Funds:
Perpetual funds named in the memory of an individual or family may be restricted to a charitable interest reflected in their life or, be unrestricted.
Scholarship Funds:
Scholarship funds may be established for a specific need or in someone's memory. These funds may have a limited duration such as a period of years or until all funds are used.