Establishing an endowment fund at Saint Louis Abbey or Saint Louis Priory School provides the institution with a long-term financial resource. Endowment are ongoing funds, which may be established for a specific purpose designated by the donor. An endowed fund is the “gift that keep on giving” because it generates annual income for the Abbey and the School. Endowment funds are invested and each year a portion of the income is used for the specific program designated by the donor, while the rest of the return is re-invested to preserve and grow the original gift.
Endowment funds make a difference in the lives of the monks and the students each year because of the annual income they provide. Donors can direct their endowment to a specific area or allow Saint Louis Abbey and Saint Louis Priory School to put it toward the area of greatest need. Examples of areas that endowment funds may support include:
- Monastic Healthcare Support
- Monastic Studies
- Tuition Assistance
- Department Specific Support
- Endowed Chairs
- Area of Greatest Need
Those who establish an endowment fund are forward thinking individuals who realize that a financial donation made today will continue to address the needs of the Abbey and School hundreds of years from now. Endowments are the most reliable assets available to an institution; no other form of giving addresses long-term needs as effectively.