Give Forever.

Donations to the Cathedral Parish Endowment Fund stay invested – becoming a permanent legacy to support the life of the Cathedral Parish.

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Origin & Purpose

The Cathedral Parish of St. Raphael in Madison, Wisconsin, has established an endowment fund through the Catholic Diocese of Madison Foundation (CDMF). The endowment fund is a permanent investment fund from which a 5% allocation is paid annually to support the life and programs of the Cathedral Parish. The contributions to the fund are never spent, and the fund is insulated from any legal claims against the parish or diocese. Donors can be assured that their gifts will be a permanent legacy to support the work of the Church in downtown Madison. All donations made to the Cathedral Parish Endowment Fund (CPEF) are tax deductible. If you would like to read more about the endowment fund, you may download or print an informational brochure (PDF format).

How It Works

Board of Directors

The assets of the Cathedral Parish Endowment Fund are managed through the Catholic Foundation of the Diocese of Madison, a non-profit, tax-exempt 501(c)3 organization. The Foundation’s Board of Directors is appointed by the Bishop of Madison, and includes both clergy and lay people.

Ethical Management

The fund managers used by the Board are guided by ethical investment guidelines established by the United States Conference of Catholic Bishops (USCCB). Since the CPEF is managed along with other endowments held by the Catholic Foundation, management fees are kept low and growth enhanced.

Return on Investment

The corpus of donors’ gifts is never eroded or diminished and will continue to grow through wise and prudent investment, providing a source of parish funding for many generations to come. Funds can never be used for any purpose other than those specifically stated by the donor – either the general support of the parish or the funding of a specific parish program.

How To Contribute


Add to the legacy of the Cathedral Parish Endowment Fund with a direct donation through a variety of paper and electronic methods including personal checks, bank drafts, credit card payments, or ACH transfers. Donations of all sizes are welcome.

Appreciated Securities

The gift of appreciated securities (stocks, bonds, or mutual funds) held at least twelve months can provide significant tax benefits for the donor—there are no capital gains taxes and a full deduction value can be declared. This type of giving can make an appreciable different in the ministries and mission of the Cathedral Parish.

Real Estate

An outright gift or retained life estate donation of residences, vacation homes, commercial property, farms, or undeveloped land can provide a lasting benefit to the Cathedral Parish. Properties held at least twelve months allow for a full income tax deduction for all who choose this type of donation.

Life Insurance

The Cathedral Parish Endowment Fund can be named as the primary beneficiary and owner of current or new life insurance policies. This allows the donor to qualify for a tax deduction while supporting many worthwhile future ministries within the parish.

Gift Annuities

Charitable or deferred gift annuities allow donors to contribute to the parish endowment fund while receiving a regular income determined by the size of the gift. Tax advantages are available based on the asset chosen to fund the annuity.

Retirement Plans

Donors can avoid income and estate taxes on their gifts by designating the Cathedral Parish Endowment Fund as a full, partial, or contingent beneficiary of their retirement plan assets. The assets can then be used directly and efficiently by the parish, without the worry of additional taxation.


Donors may contribute through a bequest—including a gift in their will. Bequests can be specific or residual and may be unrestricted or restricted according to the wishes and designs of the donor.

Frequently Asked Questions

How much is the present corpus of the Cathedral Parish Endowment Fund?
Though recently established, the CPEF has $500,000 in assets.
Why should donors consider an endowment rather than an outright gift?
With an endowment, the gift stays permanently invested. An annual distribution from the income generated by the fund supports the life and work of the parish indefinitely.
Can the parish or diocese ever claim funds from the endowment, in all or in part?
No. As a legally established investment contract, the endowment can never be closed or used in any way other than specified at its establishment.
Is there a minimum amount that can be given?
No. Contributions of any size are gratefully accepted.
Is this fund related to the Cathedral Building Fund?
No. The Cathedral Building Fund is ultimately intended to be spent on the construction of a new cathedral. This fund is an endowment for the ongoing support of parish life.
Should I consult my own lawyer or financial advisor before making a contribution?
It is important for donors to feel completely comfortable in their relationship with the CPEF. Though the fund utilizes the services of top professionals in the legal, accounting, and financial planning fields, donors may certainly use their own lawyer, CPA, certified financial planner or life insurance professional to review arrangements and prepare the appropriate documents.
Do I have to be Catholic in order to make a contribution?
No. The Cathedral Parish Endowment Fund welcomes participation from anyone who has an interest in helping support the work of the Church.

Make a Gift

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From the Rector

Msgr. Holmes
As the Cathedral Parish, we have a special responsibility to represent the Church well. This is a mission that will only become more important when a new cathedral church is built. The Cathedral Parish of St. Raphael Endowment Fund will help us meet that challenge by supporting quality programs in all areas of parish life for years to come. I am very grateful to all who support our endowment fund.

Rev. Msgr. Kevin D. Holmes, Rector

Current Fund Value: