• How the Endowment Fund Works

     An endowment is a repository for financial gifts given to an institution, with a special purpose stated by the donor. Our Endowment is designed to preserve the principal (the original gift), while using part of the interest money earned to support the work of the Parish. 

    At St. Odilia, we have invested the money donated to the Endowment fund, and use a portion of each year's investment earnings for priority parish projects. What makes our Endowment unique is that the original gift is never spent! It continues to earn interest forever, or “in perpetuity”. Therefore, your gift today will continue to benefit the St. Odilia community year after year.....forever!

    CLICK HERE to read the St. Odilia Endowment Article in the Catholic Spirit



     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     


    Your Endowment Fund at Work
    Gifts to the St. Odilia Endowment Fund can be designated to support one or more of the following ministries or programs:

    Worship
    Provides materials and equipment like sound and video as well as other resources to maintain inspirational, dynamic liturgy and music for our parish community. Past projects include:
                • Grand Piano for Worship Space
                • Church Projection System
                • Server Vestments
     
    Faith Formation
    Enriches faith formation and supports the creative programs for our parishioners from early childhood to adult formation. Assists in procuring new educational equipment and materials for lifelong faith formationPast projects include:
                • Faith Formation Camcorder and Digital Camera
                • Spanish Gospel Books
                • Youth Mission Trip
     
    Faith Formation Scholarships
    Provides financial assistance for children and teens from families of modest means for ongoing faith formation and sacrament preparation.
     
    Justice
    Promotes social justice issues within our community and helps to meet the needs of the poor within and outside our parish. Past projects include:
                • Immigration Conference
     
    School
    Strengthens the quality of programs and staffing at St. Odilia School. Assists in procuring new equipment and materials for class instruction. Past projects include:
                • Classroom Projectors, Smart Boards and Storage Lockers
                • Computers
                • CPR Equipment
     
    Connor Anderson Scholarship Fund
    Provides tuition aid for families of modest means seeking a Catholic education.
      
    Capital
    Finances improvements, maintenance and repair of our campus buildings and equipment. Past projects include:
                • Courtyard Air Conditioning
                • Lawn Irrigation System
                • Church Carpet
     
    Pastoral Care
    Supports outreach ministries to every person who is hurting and in need of physical, emotional or spiritual care or assistance.  This includes vulnerable elders or children, homebound, terminally ill, mentally ill, those in crisis or going through life transitions, such as marriage, divorce, abusive relationships, the safety of children, as well as assisting the grieving members of our community.
     
    Undesignated
    Allows the allocation of resources as needed to cover unbudgeted priorities of the parish community.  Past projects include:

                • Video Surveillance System
                • Ministry Fair
                • Stewardship Training Conference
                • Worship Literature Stands
                • Welcoming Events for new Priests
                • Befriender Program