What is an Endowment Fund?
A permanent endowment fund is an accumulated principal gift which grows over time, the proceeds of which (interest, dividends, etc.) contribute to the yearly needs of an organization. The principal gift accumulates over time, even without new donors, while still providing income for the parish. At St. Anne, our endowment started in 2015 with the diocesan Living Our Mission campaign and has grown to nearly $1M.
Why You Should Give
Contributing to the endowment fund at St. Anne provides long-term financial stability, making funds available for ministries and outreach programs while ensuring the church’s financial health for future needs. It allows you to leave a lasting legacy for future generations and fosters a culture of generosity among parishioners. Endowment funds offer flexibility in how resources can be allocated, providing a financial cushion during uncertain times. By supporting the endowment, you help strengthen the connection between the church and its members, making it a meaningful investment in the church’s future and its ability to serve the community into future generations.
How It’s Managed
All permanente endowments in the Diocese of Richmond are managed by the Catholic Community Foundation. The foundation has a professionally managed portfolio exceeding $230M and adheres to the management standards for institutional funds as outlined in the Uniform Prudent Management of Institutional Funds Act of the Code of Virginia, while investment choices are consistent with Catholic teachings. At St. Anne, an Endowment Committee advises the pastor on how each year’s disbursements might be spent.
Endowment Committee Members
- Don Shawl (co-chair)
- Jim Tilley (co-chair)
- Rose Marie Burriss
- Marilyn Broglio
- Greg Chudzik
- Doug Weberling
- Will Clear
How to Contribute
Right now, gifts can be made in the form of usual monetary contributions as well as transfers of securities, real estate, or life estate. As a bequest, gifts can be made by naming the church as a beneficiary of forms of life insurance, retirement accounts (IRA, 401(k), 403(b), etc.), the principal of an annuity, a trust, or many others. Please consider being a part of our Lumen Christi Legacy Giving Society, by pledging a gift with your estate.
Restricted Gifts
You may choose to give towards a certain expense, action, ministry, or position. Some examples are:
- Flowers (in front of the altar, Christmas or Easter flowers)
- Groundskeeping and Campus Beautification
- Vacation Bible School (as an evangelization tool)
- Parish Picnic (food, musician, activities, etc.)
- Youth Ministry
- Nursery
- Housing Assistance (direct or to Bristol Faith in Action)
- Food and Hunger Assistance
- Meals on Wheels
- Music Ministry (ensemble musicians for special liturgies, etc.)
- Liturgical Supplies (Hosts and Wine for Mass, Candles, etc.)
- Adult Faith Formation
- Utilities (electricity, water, gas, garbage, internet)
- Building Maintenance
- General Outreach Ministries
- General Pastoral Administration
- General Faith Formation
Named Gifts
Endowment Gifts greater than $50,000 may be named in honor or memory of an individual or family. This might apply to the upkeep of an area, for instance, or for an endowed role, like Director of Music, Director of Faith Formation, Director of Youth Ministry, or even support roles like Bookkeeper, Business Manager, Groundskeeper, Parish Secretary, etc.
Prepare Your Gift
Let us help you find the best ways for you to give for the life of the parish.
Please contact our parish office at [email protected] or 276.669.8200
Growth Path
For every $100 of principal investment in the endowment, $4 is available each year as income to St. Anne. Ultimately, St. Anne would like to grow the endowment to cover all expenses of the parish, allowing all weekly parishioner contributions to be directed toward the poor and needy and to evangelize in the area. But, that is a multi-generational goal. Some example stepping stones until that point are:
| Total Size | General Description |
| $1M | Tuition Assistance for St. Anne Catholic School Students |
| $2M | Liturgy Expenses, Outreach |
| $5M | Utilities (electricity, water, gas, internet, phones, garbage) |
| $7M | Music Ministry (music director, substitutes and special musicians, materials, upkeep) |
| $9M | All Faith Formation Expenses (personnel, materials) |
| $10M | Youth, Young Adult Ministry (staff, programs) |
| $11M | Seminarian Expenses, Substitute Clergy, Speakers |
| $13M | All Clergy-related Expenses |
| $19M | Parish Administration (office manager, general expenses, administrative support) |
| $25M | Facilities Costs (regular maintenance, upkeep, contributions to building fund) |