By Sr. Laura Goedken
Our Catholic Foundation for the Diocese of Davenport is a good place for individuals, parishes, schools and other Catholic entities to invest their money. The foundation is a not-for-profit in the state of Iowa, is audited annually and is in a good position to invest your money.
An individual, parish or school may wish to establish an endowed fund for a specific parish, school or a cause which supports Catholic values. The foundation is in a position to invest and manage funds for outside groups and distribute income according to the foundation’s Investment and Spending policies. These policies are posted on the diocesan website. Simply go to http://www.davenportdiocese.org/development/foundation.htm.
An endowment represents a long-term commitment to the work of the Church in a thoughtful manner that is consistent with faithful Christian stewardship. An endowed fund is a way of giving that creates a permanent source of income for the parishes, schools, agencies and ministries of the Diocese of Davenport. Funds are used only for the purposes stated by the donor.
A fund can be set up with a gift of cash, transfer of stock or with a gift through your estate. It might be that your pledge to the Catholic Foundation is paid in full and you are in a position to continue to give. Maybe you have appreciated stock that you would like to transfer. It might be that you are doing your estate plan or taking a second look at your will and wish to leave a legacy for the benefit of the next generation. You can make a difference!
(For more information please contact Sister Laura Goedken, OP, director of the Catholic Foundation for the Diocese of Davenport. Call (563) 324-1911 or email to Goedken@davenportdiocese.org.)