The Catholic Foundation of the Diocese of St. Augustine was created in 1987 to provide a permanent endowment to meet the religious, charitable, and educational needs of Catholics in the 17-county area of the diocese.
The foundation assists in meeting the long-term needs of the diocese, including funds for expanding existing parishes, establishing new parishes, expanding or establishing centers for religious education and social service programs, expanding or establishing schools, providing an adequate retirement for priests and women religious in the diocese, providing support for the formation of candidates for the priesthood and programs for youth and young adult ministries.
Nearly all parishes, schools and many other ministries in the Diocese of St. Augustine have established permanent restricted funds.
To learn more about the Catholic Foundation, please see our 2018-2019 Annual Report.
A History of the Catholic Foundation
By The Numbers
- Year Founded – 1987
- Total Managed Funds – 130+
- Total Assets – Over $36 million
- Fiscal Year Grants & Distributions – $1,464,481
- Total Grants & Distributions To Date – $11,286,577
*All figures as of 6/30/2019
Frequently Asked Questions
What is the Catholic Foundation and how does it work?
The Catholic Foundation is a 501(c)(3) non-profit organization separately incorporated in 1987 by Bishop John J. Snyder. We establish and manage permanent funds providing enduring support for the good works of parishes, schools, and ministries of the Diocese of St. Augustine. The Foundation also provides educational materials and support for those entities and the donors who wish to support them through planned gifts.
What is the impact your gifts make through the Catholic Foundation?
Since inception, the Foundation has grown to over $36 million as of 6/30/2019 in endowment assets, returning over $11 million in support to our parishes, schools, and ministries. Over $1 million has been awarded through annual grants to entities serving our faith community and those most in need in our diocese. These funds build up the greater Kingdom of God in the Diocese of St. Augustine and will last for generations to come.
How are your gifts invested?
The Catholic Foundation currently partners with Christian Brothers Investment Services, Inc. and Wells Fargo. Both employ Catholic Responsible Investing, a strategy that aligns with Catholic values and the guidelines of the United States Council of Catholic Bishops.
How are the operations of the Catholic Foundation funded?
A ¾-percent administrative fee is charged to each fund within the endowment to help pay for the operations of the Catholic Foundation. A portion of the unrestricted funds also support operations and annual grant opportunities.
How safe is my gift to the Catholic Foundation?
The principal of your gift to the Foundation is permanent and will never be spent. It is prudently invested and carefully managed by the Foundation’s Board of Directors. All investments and financial policies are monitored by the Finance Committee. The Catholic Foundation is audited annually by an independent auditing firm and a copy of their report is available on request.
About Making a Planned Gift
I want to plan a gift, but don’t know how to start. Do you provide help with gift planning?
Our Foundation’s professional staff will be happy to work with you to structure a plan that is best for your situation. Click here to contact us to learn how.
I don’t have an estate. Will my small gift matter?
All gifts matter! No gift is too small, and your gift becomes very impactful when combined with the gifts of others through the Catholic Foundation. The earnings from your gift will begin to grow immediately and will benefit your Church forever.
Do I automatically get a tax deduction by making a gift to an endowment?
No, but generally there are many tax advantages to such gifts. By working with a financial planning professional and the Catholic Foundation, a donor can realize tax savings on most endowed and cash gift arrangements.
Can I make a gift in honor of a loved one?
Yes, any estate gift may be made in memory or honor of a loved one. Creating a separate fund to honor or memorialize your loved one is an especially beautiful legacy and your loved one will be remembered in perpetuity. Ask us how to remember your loved ones through a legacy gift. Click Here to Learn More
Can my estate gift go directly to my parish?
Yes – while all gifts to the Catholic Foundation are allocated to a specific restricted fund or the unrestricted fund, you may plan a cash gift to your parish, school, or favorite ministry. The Foundation can help you make such a plan and ensure your gift intentions are followed as you wish.