Endowments
Endowment funds are to the Capuchin Province what retirement funds are to an individual - they represent set-aside resources for the future. Donations to endowment funds are invested in perpetuity and only the growth in fair market value of the assets in the fund (e.g. interest and net appreciation) is available for the Province to expend as determined by the Provincial Minister and Provincial Council.
The Province has established the following endowment funds:
• St. Francis Seminary Endowment
[for training and formation expenses]
• Capuchin Province of Mid-America Mission Fund
[for expenses of the missions]
• Religious Support Fund
[for aging friar care and retirement expenses]