What is an Endowment Fund?

An endowment is an investment set aside for the long-term support of a charitable organization. The principal is protected and only the income, or a portion of the income, is used to support day to day activities.

The ShareLife Endowment Fund will consist of gifts made in one’s lifetime or those left in a Will, providing a never- ending source of income to ShareLife.

How does this fund differ from ShareLife’s Annual Appeal?

ShareLife’s annual appeal distributes funds raised annually while the Endowment Fund remains actively invested and allows ShareLife to draw on the income generated for the ongoing needs of ShareLife’s agencies.

Can I be assured my donation will be used responsibly & effectively?

The ShareLife Endowment Fund will undergo the same rigid checks and balances ShareLife donors have become accustomed to. Your gift is a sacred trust – ShareLife’s Advisory Board will monitor the activities of the Endowment Fund and financial statements will be audited annually with an annual report provided to donors.

How will the Sharelife Endowment Fund be invested?

At ShareLife, the responsible stewardship of the Endowment Fund is one of our top priorities. The fund will be invested with a professional firm selected by the Archdiocese of Toronto. In addition, the ShareLife Advisory Board will recommend policies for the management of the fund, monitor the fund’s performance and assist with the distribution and allocation of funds.

Can I give any amount to the ShareLife Endowment Fund?

The minimum gift to the Fund will be $10,000 which can be spread over a period of two years. Income tax receipts will be issued annually for the gift made in that year only. Those who donate $25,000 or more can have a named Endowment if they so wish. Many donors find this is an appropriate way to express their Catholic values for generations to come.