Many different funds and endowments reflect the great generosity of our benefactors.
The Josephinum Fund provides for operating expenses, helping us and our seminarians on a number of levels. In essence, the Annual Fund – particularly gifts at the Rector’s Circle level – enables the Josephinum to meet the daily needs of its seminarians.
Capital campaigns and special gifts for emerging priorities allow the Josephinum to maintain, restore, and give ongoing care to our 300,000 square feet of usable building space. These giving opportunities are often made as “over-and-above” commitments to an Annual Fund gift. Many donors choose to gift appreciated securities or other long-held assets to support these endeavors.
Endowments exist in perpetuum at the Josephinum and may be funded during the donor’s lifetime with cash, appreciated stock, or proceeds from a sale of personal property. Endowments also may be established through a bequest (known as a Testamentary Endowment) and are funded as part of the donor’s estate settlement.
Endowment funds require the drafting of specific awards criteria and the scope or purpose of the fund, executed with a signed agreement between the donor and the Josephinum Rector/President or designee. Once the funding is in place for at least one year, the endowment’s annual cash award can support many different needs of the Josephinum:
Current-use funds serve the same purpose as endowed funds, but are funded annually and on a recurring basis with annual cash gifts that provide for a specific area of need at the Josephinum. These funds require the drafting of awards criteria and the scope or purpose of the fund, which is executed with a signed gift agreement between the donor and the Josephinum Rector/President or designee. Examples of what these funds may support include:
To learn more about giving opportunities at the Josephinum, reach out to our Advancement Office.