Summer 2022 Newsletter

Summer 2022 Newsletter

Despite recent volatility in the investment markets, the ICF Board of Trustees approved a record release from our permanent endowments to parishes, schools, ministries, and cemeteries for the 2022-23 fiscal year that began on July 1. We were also entrusted with...
Respect Life Endowment

Respect Life Endowment

A Blair County individual who believed that every life is precious ensured her concern would benefit current and future generations by creating an endowment with a charitable gift in her last will (bequest). This permanent endowment fund will provide annual financial...
Trustees Approve Record Release

Trustees Approve Record Release

Our Board of Trustees approved a record $1.65 million release to endowment beneficiary parishes, schools, ministries, cemeteries and other Catholic causes for the 2022-23 fiscal year that begins this month. Our five-year spending policy formula smooths the quarterly...
Consortium of Catholic Foundations

Consortium of Catholic Foundations

For ten years, the Independent Catholic Foundation has networked informally with peer executives throughout the country, Last year, ICF became a Founding Member of the Consortium of Catholic Foundations, a peer community of chief executives who seek to accelerate...
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...