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Designated Beneficiary Endowment Funds are established for the benefit of one or more organizations (such as parishes, schools, and other Catholic and non-denominational organizations). Any donor may make a gift of any size to an established fund or a donor may set-up a named fund with a minimum contribution of $50,000. The earnings are distributed to the beneficiary organization(s).
Establishment of a designated beneficiary endowed fund is a wonderful way to ensure the perpetual protection of donor intent.
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