Your Legacy of Giving
♦ Parish Administration & Operations
This fund is a component of the Cabrini Planned Giving Strategy. There are many ways for parishioners to contribute:
For more information please contact Rick Doll, Director of Administrative Services or one of the Parish Trustees at 262-338-2366.
What is an Endowment Fund?
Endowment Funds are way for the Parish to maintain long-term funding for ministries within the Parish.
Our goal is to invest the money made available through the fund, making the net income from that investment available for spending, but maintaining the capital.
This allows your donation to have a much greater impact over a longer period of time than if it were spent immediately.
“Remember this: Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously…
And God is able to make all grace abound to you, so that in all things at all times, having all that you need, you will abound in every good work”
2 Corinthians 9 v 6 – 8
How are the funds managed?
The funds are managed through the Catholic Community Foundation. The Foundation (www.legaciesoffaith.org) is a separate entity independent of the Archdiocese of Milwaukee and is governed by an independent Board of Directors.
Professional investment managers make investment decisions in accordance with Foundation guidelines. The Foundation manages the funds with the goal of long-term growth based on socially responsible guidelines.
How are disbursements from the fund determined?
All disbursements from the Fund are approved by the Parish Council upon recommendation from the Finance and Administrative Services Committee. On an annual basis, Fund grants for ministries will be designated. Distributions shall be of net income so that the principal is preserved.
Can I designate funds for a specific use?
Contributions to the Fund with mandated restrictions will be received and allocated for designated use. All other contributions to the Fund will be viewed as “unrestricted” and their income will be available for whichever ministry grant is determined by the Parish Council.
Don’t we already have a fund for education?
St Frances Cabrini has maintained an education account for many years. The Endowment Fund expands on this concept to include Administrative Operations, Liturgy, and Outreach as additional ministries that can benefit from Fund grants.
“My family and I have been greatly blessed through our relationship with St. Frances Cabrini Parish. The school, the church and St. Frances Cabrini’s many ministries have been an integral part of all our lives. We have tried to “give back”, but cannot even start to thank God enough for all the blessings we have received.
We have chosen to support the St. Frances Cabrini Endowment Fund in our will. Kathy and I feel this is a unique opportunity to continue to support St. Frances Cabrini and serve Christianity in a lasting way that we could never accomplish during our lifetimes. The guidelines of the endowment fund insure this money will be managed and used wisely. It is very satisfying to know we will continue to make a difference even after our life journeys are completed.”
Dr. Gary and Kathy Preisler