What is an endowment?
An endowment fund is comprised of donated gifts which are invested to produce more income that the original gift. The principal of the gift remains intact while the interest earned on the gift can be distributed to the beneficiary.
Why would a donor be interested in establishing his or her own endowment to St Jude?
Many individuals and families are interested in establishing endowments because:
• Endowment gifts can be designated for a specific purpose
• Endowment gifts support the intent of the donor
• Endowment gifts can be used as a way to permanently honor or memorialize an individual or family and...
Eternal rest grant unto them, O Lord, and let perpetual light shine upon them. May the souls of the faithful departed, through the mercy of God, rest in peace. Amen.