Investing in the Ethical and Social Beliefs of Our Catholic Faith
The Catholic Foundation partners with Christian Brothers Investment Services, Inc. (CBIS) and Wells Fargo to align our investments with the mission – not only to produce returns to fund the good works of the church in North Florida, but to reflect in the investments themselves the ethical and social beliefs of our Catholic faith.
Christian Brothers and Wells Fargo employ socially responsible investing, an investment strategy designed specifically to allow our mission to work in harmony with the management of our investment portfolios. This method seeks to actively improve companies by encouraging worker, environmental, and social reforms. This strategy includes:
The Catholic Foundation adheres to the investment guidelines of the United States Conference of Catholic Bishops (USCCB) and screens out companies that disregard church teachings.
You can be confident your gift will be responsibly invested with the Catholic Foundation.
We are proud of our growth and grateful for the generous donors who made it possible. We invite you to learn more about the Catholic Foundation in our annual reports. Since 1987, we have connected Catholics with the parishes, schools, and ministries throughout the 17 counties that form our diocese in North Florida.
Frequently Asked Questions
What does the Catholic Foundation do?
The Foundation establishes and manages a permanent endowment made up of restricted funds created to provide lasting support for the development and charity of our faith community. It offers practical partnerships to encourage giving generously now and through future legacy gifts.
How are Foundation operations funded?
Each beneficiary of a restricted fund can receive an annual disbursement of 4 percent of the market value of its permanent account. Funds not restricted to any specific parish, school, or ministry are used at 4% annually to fund operational expenses as well as fund annual grants that are awarded to select applicants. A 3/4 percent administrative fee is charged to each entity to help with operations.
What are the advantages of endowment fund giving?
Funds gifted to an endowment are held in perpetuity – the principal cannot be spent and will be invested prudently. These investments are made in accordance with Catholic values and social teaching and are supervised by our Board of Directors in addition to our Diocesan Fiscal and Bishop’s Offices.
Can the Diocese of St. Augustine use the funds of the Foundation?
No, contributions gifted to the restricted funds of the Foundation may not be used by another entity – once allocated to a parish, school, or ministry, only the intended beneficiary may use the funds. Unrestricted funds contributed to the Catholic Foundation are kept permanently in the unrestricted fund, and its earnings are used for annual grants and Foundation operating expenses.