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April 7, 2022One goal of the Catholic Foundation of Oklahoma is to establish endowed funds to benefit every parish and school in the Archdiocese of Oklahoma City. A gift from one couple is getting this process started at Saint Eugene Catholic Church in Oklahoma City.
The couple, who wished to remain anonymous, are longtime members of Saint Eugene. They said they wanted to help ensure the parish is on solid financial footing for years to come.
“It is our desire to leave a lasting and perpetual gift that, combined with others to come over the years, will support our wide-ranging parish ministries and the good works done by and for parishioners,” the couple said.
The couple will give $50,000 to establish the Saint Eugene Parish Endowment Fund. This fund is an example of a designated endowment at the foundation – one created to benefit a specific parish, school or ministry. The foundation also has field of interest endowments, which benefit specific needs such as youth ministry initiatives.
The Saint Eugene Parish Endowment Fund provides members of the parish with an avenue to make their own legacy gifts – as the endowment grows, so too will the amount that is distributed annually, and forever, from the endowment at the Catholic Foundation.
The creators of this endowment noted the importance of thinking long term about their parish, particularly as the Catholic Church works to counter the many challenges presented by secular society.
“In return for the abundant blessings God has heaped upon our family – not the least of which has been the friendship and Christ-like example of so many archdiocesan priests – we wanted to do something that would benefit and support not only our current pastor’s work but the work of Saint Eugene priests and people for generations to come,” they said.
Owen Canfield is associate director of gift planning for the Catholic Foundation of Oklahoma.
To learn more about creating an endowment at the Catholic Foundation of Oklahoma, contact (405) 709-2897 or [email protected].
