WHY ESTABLISH AN ENDOWMENT OR LEGACY FUND – THE MISSION?
Endowments (zadužbinarstvo) have a long tradition in the history of our people and tradition. Endowment funds are a standard way for churches and not-for-profit institutions to raise funds and secure financial stability. They preserve what has been inherited from previous generations, as well as build and improve for the future.
Endowment funds will be established to secure the future of the parish as well as assisting in its current endeavors. They are, in essence, building our future on the foundation of our past.
By establishing the endowments program, HRSOC has created a fund dedicated to specific and limited uses, and to receive offerings to be used consistent with the charitable, educational and missionary purposes of the church.
The Mission of the endowment funds is to enhance the work of our Cathedral by supporting existing ministries and establishing new ministries in the church, with emphasis on:
• Christian Education
• Life enrichment for all ages
• Mission and outreach
• Enhancement of the Cathedral’s facilities and programs