CHARLOTTE — The Foundation of the Diocese of Charlotte manages 92 endowments that generate income to directly aid Catholic schools and their students.
Since 1994, more than $5.5 million has been distributed from these endowments to directly benefit schools and students.
“We are grateful for those individuals and schools who have established endowments in the diocesan foundation for our 20 Catholic schools,” said Jim Kelley, diocesan development director.
”We are hopeful that more alumni, grandparents, past parents, current parents and friends of our Catholic schools will establish endowments – either now or in their estate plan.”
Established in 1994, the foundation offers a way for people and organizations to provide long-term financial stability for the diocese and its ministries.
An endowment is a permanent fund, the principal of which is invested – not spent – that generates income to help pay for projects and programs specified by the donor.
Endowments are tax deductible and help sustain the strength and viability of the diocese and its entities, paying for capital improvements, charitable outreach, education and parish operations.
The foundation makes available annually 5 percent of an endowment’s value (averaged over three years). It reports to endowment holders every quarter outlining the latest value and how much is available for distribution for its prescribed purpose – which can be very specific or more general, giving recipients the leeway to decide how the funding can help them most.
“The benefit of an endowment is that its principal continues to grow while at the same time generating an increasing amount of income for a school or ministry or parish,” said Kelley.
View the full list of education endowments on the diocese’s website, www.charlottediocese.org.
You can establish an endowment in the Diocese of Charlotte Foundation by leaving a bequest in a will, a beneficiary designation from a retirement plan, a trust or annuity, or a gift of real estate, life insurance, cash or securities. For details, contact Gina Rhodes at 704-370-3364 or This email address is being protected from spambots. You need JavaScript enabled to view it..