A permanent endowment is an investment vehicle that preserves the corpus and creates earnings – a portion of which supports the donor’s intentions in perpetuity – forever. Permanent endowments begin with an initial charitable contribution and grow through additional charitable gifts plus earnings. A percentage of the investment income – as determined annually by our trustees – will be distributed according to the specific designation defined by each respective endowment agreement.
To make a charitable gift of any amount to one or more of our current endowments, you may do so using a check, debit or credit card online. Such contributions become part of the endowment principal and will never be spent. To mail a contribution check with deposit instructions, please send it to Independent Catholic Foundation, 3618 Fifth Avenue Suite 1, Altoona, PA 16602-1705. We will promptly issue a charitable gift receipt.
Individuals or families wishing to establish a new endowment in honor or memory of loved ones for the benefit of a local, cherished Catholic cause can do so with a minimum deposit of $10,000 (payable up to three years). Each endowment requires a signed legal agreement between the Foundation and the originating contributor. This document preserves the donor’s intentions for the duration of the endowment. You may preview a sample endowment agreement or use the endowment worksheet at the bottom of this page to guide you, or contact us today at (814) 201-2080 for a confidential conversation.
Unlike other charities, all contributions, unless otherwise designated, become part of the endowment principal – meaning that they will never be spent, but will remain invested forever. As the principal grows, so does each annual distribution. We are able to accomplish our mission by withholding only a modest 1% annual administrative fee applied to each endowment at the rate of 25 basis points per quarter.
You may browse by opening each category, or click on the complete list (PDF) at bottom left to view all endowments at once.
Established in 2011 to provide support for religious education, evangelization initiatives of Catholic Campus Ministry for the benefit of Catholic students attending Penn State’s University Park campus.
Established in 2017 with an anonymous contribution to provide for general maintenance and capital improvements of the Paterno Catholic Student Faith Center on Park Avenue in State College, PA, which serves Catholic Campus Ministry at PSU University Park campus.
CATHOLIC EDUCATION (including SCHOLARSHIPS)
Established to fund scholarships, tuition assistance, general operation and other needs as directed by each endowment fund agreement.
Established in 1997 to fund capital improvements and scholarship aid.
Nancy J. (Rankey) Crum Scholarship for Bishop Guilfoyle Catholic HS
Established in 2002 to fund the educational needs of the diocese.
Established in 1997 to fund capital improvements and scholarship aid at the diocesan high schools.
Established in 2018 with a bequest from Mrs. Madeleine Krueger who believed in the value of a Catholic education.
Stanley and Clara Lasky Scholarship
Established in 2015 to provide assistance to students who are members of St. John Parish and are eligible for the free/reduced lunch program entering or continuing to attend BGHS.
Established in 2015 to provide assistance to students entering or continuing to attend BMCHS.
Established to assist with the preservation, perpetual care and embellishment of a parish cemetery, its structures and property.
Grasser-Imgrund for St. John the Baptist Cemetery Endowment Fund
Established in 2014 to provide perpetual care of the parish cemetery.
Green Lawn Cemetery at St. Michael Parish, Hollidaysburg
Established in 1991 by the estate of Dennis J. Leasure to assist with the maintenance and expenses of the church, rectory, convent and school.
Basilica of St. Michael the Archangel Parish, Loretto
Cathedral of the Blessed Sacrament Parish, Altoona
Good Shepherd Parish, State College
Holy Family Parish, Clover
Holy Name Parish, Ebensburg
Holy Spirit Parish, Lock Haven
Immaculate Conception Parish, Dudley
Our Lady of Lourdes Parish, Altoona
Our Lady of Mount Carmel, Altoona
Our Lady of Victory Parish, State College
Our Mother of Sorrows Parish, Johnstown
Queen of Archangels, Clarence
Sacred Heart Parish, Altoona
St. Anne Parish Angel Endowment, Johnstown
St. Catherine of Siena Parish, Duncansville
St. Catherine of Siena Parish, Mount Union
St. Demetrius Parish, Gallitzin
St. John Gualbert Cathedral, Johnstown
St. John the Evangelist Missions, Bellefonte
St. John the Evangelist Parish, Lakemont
St. John the Evangelist Parish, Everett
St. Joseph Parish, Johnstown
St. Joseph Parish, Renovo
St. Mary Immaculate Conception Parish, Altoona
St. Mary Parish, Hollidaysburg
St. Mary Parish, Orbisonia
St. Nicholas Parish, Nicktown
St. Peter Parish, Somerset
St. Rose of Lima, Altoona
St. Stephen Parish, McConnellsburg
St. Therese of the Child Jesus, Altoona
If your parish is not on this list, please ask your pastor how you and fellow parishioners can help establish a parish endowment.
ST. VINCENT de PAUL
SEMINARIANS AND VOCATIONS
Established in 2004 to supplement the annual and special budget expenses incurred by the Office of the Permanent Diaconate.
Established in 1991 to provide funding for general clergy formation and educational expenses prior to the ordination of men for the service of the Diocese.
OTHER MINISTRIES AND CAUSES
Established in 2001 for the benefit of this diocese in central Jamaica.
Established in 2020 by parishioners of Good Shepherd Parish, State College, to benefit the twinning relationship with its sister parish in Jamaica.
Mary’s Meadow & Grotto, Dudley
St. John Gualbert TV Ministry “Bridges to the Future”
Established in 2019 honoring Father Chuck Bridges in his ministry of evangelization to help underwrite equipment purchases and general operating expenses of TV Ministry originating from St. John Gualbert Cathedral.