Your Legacy Is Our Mission
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.
We welcome restricted charitable contributions for the benefit of the above-mentioned Catholic organizations. Such gifts become part of a permanent endowment’s principal – which we will never spend. As the principal grows through annual earnings, a percentage of the market value is made available for years, decades, centuries into the future.
Permanent Endowments are established with an irrevocable legal agreement that defines annual distribution restrictions. Please visit our Permanent Endowments web page to review specific endowment restrictions.
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 taking time to make this virtual visit. The mission of the Foundation is to provide for the long-term financial benefit of the parishes, schools, cemeteries and ministries within the eight counties of …
New and Noteworthy
Download a PDF version here to re-print or share with pastoral or finance council members. March 19, 2020 Solemnity of St. Joseph Dear Foundation Partners, As you are well aware, the coronavirus pandemic has greatly affected global financial markets. While our...
Please join us in welcoming Annette Wholaver as our Mission Advancement Associate. In addition to administrative responsibilities, Annette will coordinate our Impact Grant Program and annual endowment distributions as well as audit our endowment deposits and...
Despite a volatile investment cycle in the fiscal year that ended on June 30, the Board of Trustees of the Independent Catholic Foundation recently approved a 4.5% distribution rate for each of its 268 permanent endowments. This action will result in a record $1.3...