With great enthusiasm, we are excited to announce that Paradisus Dei recently established a formal endowment fund and selected Morgan Stanley to oversee management of the fund. “This is an excellent step forward for our ministry,” noted Mark Hartfiel, Vice President. “We are deeply appreciative to all our donors who are enabling our growth, widening our reach so that we can help more families, and allowing us to take measures like this to secure a healthy, promising future for Paradisus Dei.”
Endowment funds for non-profit organizations are permanent funds established to provide a reliable source of income for the organization’s long-term financial health and sustainability. These funds are professionally invested, often through a portfolio that includes a mix of stocks, bonds, and other assets to ensure growth while balancing risk. The goal is to generate sufficient returns to meet distribution needs while preserving or increasing the fund’s value over time. A portion of the fund’s annual returns (typically about 4.5% to 5.5%) are used to support the organization’s mission while the principal remains intact, ensuring that the fund continues to generate income over time.
An endowment fund also provides donors with ways to leave a lasting legacy at an organization that has made a difference in their lives. “I’m extremely excited about what building an endowment over time will mean for the Paradisus Dei community and also the opportunities it will provide for donors who like to support endowment,” said Len Bertolini, Vice President of Development. “We are already looking at ideas for how our donors can have a named endowment within Paradisus Dei, not unlike what you see at many colleges and universities, hospitals, and other non-profit organizations. We look forward to sharing our plans with donors as they develop.”
If you would like to learn more, please contact Len at [email protected].