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Welcome!
What
is The Catholic Foundation?
The Catholic Foundation is an umbrella endowment
trust fund established in
1987 by Bishop O'Neill. Parishes, schools and diocesan agencies may
establish endowment accounts with The Catholic Foundation. This
endowment trust fund accepts gifts whose principal (corpus) remains
untouched for perpetuity, but allows for the distribution of earnings.
Why
was The Catholic Foundation established?
Motivated by good stewardship practices, The Catholic
Foundation
provides the individual participants
(accounts) the advantages of more favorable diversified investment strategies available
to pooled funds, and documented accountability, while avoiding
duplication of legal and administrative costs.
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Where do the endowment funds come from?
The best source for endowment funds is from
Planned Gifts. Planned Gifts include:
Bequests through Wills, Charitable Gift Annuities, Charitable Remainder and
Lead Trusts, Life Insurance instruments, Retained Life Estates, to name a
few. Because of favorable governmental regulations for these planned gifts,
significant tax advantages are available to interested parishioners with
charitable intentions.
How do I leave my parish a gift in my
will?
We invite you to download the document:
Suggested Wording to Name
Your Parish in Your Will or Trust.
Will the Catholic
Foundation accept a non-cash gift to benefit my parish or organization?
We have established a
Gift Acceptance
Policy to protect the donor, the parish or organization, the Foundation
and the Diocese. If you have question about a non-cash gift, please take a
look at our policy or give us a call.
Who manages The Catholic Foundation?
The Catholic Foundation is managed by a voluntary
Board of
Directors representing many professional fields of expertise and areas
of the Diocese. As President of The Catholic Foundation, the Bishop
appoints the Board of Directors. The day-to-day management team includes
the Executive Director, provided by the Office of Stewardship
Development, the services of the Diocesan Accounting and Data Processing
Office and Investment Advisors for each Fund
and our Investment Monitor.
How are the endowment funds invested?
Participants select from three options depending upon their
investment needs and objectives. The three investment options are: The
Growth Fund, The Income Fund, and The
Balanced Fund. The three funds
cover the spectrum of long term, short term, and intermediate investment
strategies for capital growth and income. All participant funds are
invested in accord with our
Catholic Values Investment Policy.
How are the earnings distributed?
All earnings may be: 1) annually withdrawn; 2) accumulated as
retained earnings for later withdrawal; or 3) returned in part or whole
to the principal (corpus). The original principal (corpus) plus the
other permanent contributions cannot be withdrawn.
Why should you become a member of The Catholic
Foundation?
 Many donors prefer to perpetuate their gifts through an
endowment program, providing a long-term source of income for their most
cherished intentions. Currently many donors are choosing to direct their
gifts in this fashion. By being a member of The Catholic Foundation, the
parish or diocesan agency will publicly position itself in the minds of
parishioners for such gifts.
Would you like to know more about The
Catholic Foundation?
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