Endowment Honors Father Tony Legarski

Endowment Honors Father Tony Legarski

The family of Father Tony Legarski has created the “Rev. Anthony J. Legarski Educational Endowment Fund for Seminarians and Permanent Deacons.” Known affectionately as Father Tony, he had a great sense of humor and a talent for imitating others. However, according to...
Impact Grants Exceed $100,000!

Impact Grants Exceed $100,000!

After only three grant cycles, our Impact Grant Program has awarded a cumulative total of $105,931.50. The Foundation’s Trustees designated an unrestricted bequest from the late Lou Fleckenstein as the source for Impact Grants. The bequest is invested using the...
Celebrating 30 Years!

Celebrating 30 Years!

Three decades ago in June 1990, Frank Pasquerilla and Jim Saly approached Bishop Adamec with an idea to form a foundation lead by the laity that would initially provide endowment support to Catholic schools. What began with endowed funds of $218,667 has blossomed into...
Attention Blair County College Juniors & Seniors!

Attention Blair County College Juniors & Seniors!

Established in 1995, the Adelaide G. Welge (WELL-ghee) Scholarship Endowment Fund provides financial assistance to college juniors or seniors registered at a Blair County Catholic Parish (other than Saint Matthew Parish, which already has a substantial scholarship...
Impact Grants

Impact Grants

In these unprecedented times, we have distributed the following Impact Grants to several parishes so they can communicate with parishioners using new technology: Prince of Peace Parish, Northern Cambria (live streaming camera), St. Rose of Lima, Altoona (text/email...
Special Statement from Our Chair and CEO

Special Statement from Our Chair and CEO

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...
Welcome Annette!

Welcome Annette!

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...
Ready To Distribute $1+ Million Again!

Ready To Distribute $1+ Million Again!

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...
Charity Navigator 4-Star Charity

Charity Navigator 4-Star Charity

We begin our fiscal year with news that Charity Navigator has awarded us its coveted 4-star rating for demonstrating strong financial health and commitment to accountability and transparency. Charity Navigator’s award letter to us continues: “The nonprofit...