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The Catholic Foundation Inc., created in 1988 as an Ohio nonprofit corporation, is registered as a tax-exempt entity with the IRS under the U.S. Catholic Conference of Bishops group ruling and complies with canon law. The Foundation was established with the specific purpose of facilitating the investment of endowment funds for Catholic parishes, schools, cemeteries and agencies of the Diocese of Toledo. The Foundation Board of Trustees provides oversight of Funds held at a large regional bank.
The Foundation:
• Embraces the mission of the Catholic Church through investment decisions
• Offers considerable flexibility in its investment and distribution policies
• Segregates parish assets from the Diocese
• Allows portfolio diversification
• Distributes income to parishes or schools for use in current operations as desired
The Catholic Foundation consults with numerous resources in an effort to create a well-diversified portfolio that optimizes potential return while limiting risk. The portfolio can be allocated as aggressively or conservatively as desired in accordance with your risk appetite and liquidity needs. Custodian and manager fees associated with this type of investment can be as low as 40 basis points, but no more than 70 basis points depending on its structure. Included in this document are examples of performance over the last 10 years based on sampled allocation decisions. Historical performance, while in no way indicative of future returns, is provided only as a guide to understanding asset diversification. The following is a brief introduction to the asset classes the Foundation has constructed in its portfolio.
The Catholic Foundation, Inc.
1933 Spielbusch Avenue
Toledo, Ohio 43604-5360
Karen Szymanski
kszymanski@toledodiocese.org
Phone: 419-244-6711 Fax: 419-270-0053 |
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