Operation Endowments

Goal of the Fund — The administrative cost for the CCFMM each year are significant. While they are mainly paid by fees charged to each endowment fund and all other accounts, a long term goal of the CCFMM is to have endowments that would offer disbursements to reduce the fees that have to be charged to each fund. Endowments will also be encouraged to fund the operation of the Diocese of Saginaw – its ministries and its plants.

Existing Endowments — At present, six endowments have been created for this purpose.

How Disbursements are Used — Disbursements from the funds are designated to the general operations of the Diocese of Saginaw or the Foundation.

TOTAL Operational Endowment Assets (as of 06-30-16):      $325,986