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 recent six-month periods, the amount of funds available for distribution is $1,399,790.00. The accompanying chart reflects the dollar amount and percentage by category as determined by the designated beneficiary clauses of the 255 permanent endowments under our management. Beneficiary entities decide to accept a full or partial distribution, or return the amount to the principal of the respective endowment account.
Since 2010, the Independent Catholic Foundation has seen its portfolio market value increase from $14.3 million to $32 million while making $8 million available to beneficiary organizations.