St. Clare of Montefalco participates in the Archdiocese of Detroit Parish Endowment Fund Program. Currently there are two funds, one for the Parish and one for the School. The Funds are a resource that will grow with time and contributions. The purpose is to provide a vehicle for contributors to assist the future financial success of the parish and school. Once adequately funded, income from the Endowment Funds can be used for future operations, or for special ministries and programs as determined by the Pastor in consultation with the Parish Pastoral Council. Endowments are a common method of providing for the future financial stability of institutions such as colleges and churches.
The Archdiocese Endowment Program guarantees each contributing parish a 5.25% annual distribution of the value of that parish’s share in the Fund, regardless of the actual performance of the Fund. The Archdiocese Endowment Foundation’s larger investment pool enables participating parish endowment funds to take advantage of the guaranteed 5.25% annual return. Of course, for that annual return to be significant, St. Clare’s Endowment fund requires contributions.
This program enables the members and friends of the Parish to make lasting gifts as part of their annual charitable contributions, or as part of their estate plan. Please consider St. Clare Parish and St. Clare School in your charitable gift planning.