The Mission of the Independent Catholic Foundation is to be a vehicle for the people of the Body of Christ to provide financially
for the ministries of His Church and ensure the perpetuation of His ministry for current and future generations.
“Separate from, but committed to, the Diocesan Church”
The Foundation is an independent, self-governed 501(c)(3) nonprofit organization committed to the long-term strength and viability of Catholic institutions within and beyond the eight-county Diocese of Altoona-Johnstown. The Independent Catholic Foundation is governed by a volunteer board of dedicated lay trustees.
Endowment funds held by the Foundation are restricted for the intended purpose as determined by an irrevocable legal agreement entered into with the individual(s), parish, school or other entity initiating the endowment.
Among its overall goals and objectives, the Independent Catholic Foundation is to: Provide a source through which donors can make living and testamentary gifts to benefit their charitable objectives and sustain the works of parishes, schools, agencies, ministries and outreach programs of the diocese and other Catholic entities supported by its donors.
Donors to the Foundation may designate gifts in several ways:
* Unrestricted – The Foundation Board will direct funds where they are most needed including for endowments or grants for current expenses.
* Restricted to establish a new endowment fund – Individual, group or family gifts of $10,000 or more may be made to begin named endowments.
Thank you for visiting us today through our web site. We hope it helps you to become acquainted with the work and generosity of those who are dedicated to enhancing the quality of life within the eight counties of the Diocesan Church of Altoona-Johnstown and beyond.
New and Noteworthy
This permanent endowment created in early 2012 specifies that annual distributions benefit Catholic students at Penn State, University Park through activities sponsored by Catholic Campus Ministry.read more
Due to healthy investment returns, the Board of Trustees of the Independent Catholic Foundation recently approved a distribution percentage of 4.5% for each of its 250 permanent endowments.read more
New Endowments Added During the past five years the number of endowments held by the Foundation has enjoyed steady growth. So far this fiscal year (2015-16) the Foundation has added one new endowment which bring the total number to 241. The new endowments...read more