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 continuation of His ministry for current and future generations.
“Separate from, but committed to, the Diocesan Church”
The Foundation is a 501(c)(3) nonprofit organization – governed by a volunteer board of lay trustees – that is committed to the long-term financial strength and viability of Catholic parishes, schools, cemeteries and ministries in the eight-county Diocese of Altoona-Johnstown.
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.
* 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.
A year-end gift to your parish or one or more of our permanent endowments in honor or memory of a family member or friend helps fulfill our mission of providing for Christ’s ministries for the benefit of current and future generations. The following are a few...read more
At the annual meeting of the Independent Catholic Foundation in June, the board of trustees accepted the recommendation from the Finance Committee to set this year's distribution rate at 4.5%. Taking the average market value of the full portfolio from the six most...read more
As students from throughout our diocese make their way to college campuses near and far, the Independent Catholic Foundation announces three recipients of the 2018 Adelaide G. (Heverly) Welge Scholarship. Sierra Stevens from Mount Carmel Parish, Altoona, attends...read more