The Donor(s) contacts the Foundation to establish a fund supporting a parish, school, ministry or program within the Archdiocese of Baltimore with an initial gift of $25,000 (which fully funds the endowment) or $1,000, with the agreement to contribute at least $25,000 to the fund over a time period (usually five years) or through a bequest.
An endowment fund agreement is signed by the donor(s) and the Foundation’s leadership. A copy of the fully-executed agreement is provided to the donor.
The donor(s) transfers initial funding to the Foundation (either cash or securities). If the endowment is to be fully funded by a bequest, the donor(s) should provide a copy of the bequest document.
Quarterly statements are mailed to the donor(s).
Each April, beneficiaries will be notified of the distribution that is available for their fund.
Each August, distribution checks will be mailed to beneficiaries of funds that have a distribution available.
“When I looked closely I realized that there wasn’t much in place for the Hispanic community. It motivated me to do something special. That’s how this all started.”
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