Catholic Community Foundation
Expands its Financial Management Ministry
The Catholic Community Foundation of the Eagle Ford initiative has been established to serve Catholic parishes and parishioners in the Eagle Ford Shale production area. Key to this ministry is the opportunity to establish a parish-specific endowment in order to help provide for the financial security, future projects, and long-term ministry of the parish.
Our prayer is that every parish in the Eagle Ford will establish such an endowment.
Last year, the Catholic Community Foundation managed parish and other Catholic funds and paid a net return on those funds of 13.13%. The foundation also established and managed permanent endowments with the same rate of annual return for the benefit of various Catholic institutions and ministries.
Here are some of the ways in which a fund can be established for the sole benefit of your parish:
- The parish itself can establish an "agency fund" where parish savings are deposited in the foundation. These funds can be withdrawn from time to time as needed.
- The parish (or its parishioners) can establish an "endowment fund that is a permanent fund in which the "corpus" is left intact inperpetuum and the proceeds of the fund are granted for parish purposes. In this case the foundation would work with the parish and its parishioners to build the fund over time through planned giving initiatives, such as life insurance, which provide tax breaks to the participants and a long-term benefit to the parish.
- Parishioners can establish a "donor advised fund" where such donor advises the foundation as to what Catholic ministries/charities the donor wishes their funds be used for.
The Catholic Community Foundation of the Eagle Ford Initiative recognizes that our Catholic community has other financial planning and management needs in order to provide for their future and the future of their families. The Foundation has therefore assembled a faith-based team of financial management, life insurance, legal, tax and mineral interest management experts to assist Catholics in the Eagle Ford region as a part of our expanded ministry. How can we help you and your family?
We urge all pastors and parishioners in the Eagle Ford to consider taking advantage of establishing a parish account and endowment by becoming a part of the Catholic Community Foundation's Eagle Ford initiative.
Contact Jeff Jung, Chief Operating Officer at 210-734-1910 or at
Chief Operating Officer