WHAT IS AN ENDOWMENT OR LEGACY FUND?
An endowment or legacy fund at Holy Resurrection Serbian Orthodox Cathedral (HRSOC) is a gift that is not spent but invested in a diversified investment portfolio. Annual distributions from the endowments and legacy funds are used to provide a source of ongoing financial support for HRSOC and its ministries.
The endowment can be established with current gifts or testamentary gifts (i.e. wills, trusts, beneficiary designations on retirement accounts, insurance proceeds).