Grants may be made from an Endowment Fund beginning one year after the Fund has been established. The Board of Trustees will adopt an annual spend rate. The spend rate is the policy for distributing money from endowment funds that attempts to both preserve the capital investment and provide adequate income to the beneficiary while complying with state law. Texas law currently identifies a prudent spend rate of five percent or less of the value of a fund averaged over a three-year period or for new funds valued over the life of the fund.
The grant application for the 2024 year is now open. Please contact Dn. Marc Mata at mmata@sanangelodiocese.org or Kelly Oniha at koniha@sanangelodiocese.org for more information.