The Catholic Community Foundation provides financial support to a wide range of Catholic ministries throughout our community. At CCF, our donors and our recipient organizations succeed together: Our prudent, long-term investing practices empower you to grow your charitable gifts so that you can devote excess profits to these important works of the Church. In order to keep Catholic parishes, schools, nonprofits, and other ministries functioning during both stable and unstable times, CCF has established a set of endowments known as the Forever Funds, each dedicated to a particular area of concern for the Catholic faithful. And thanks to our innovative Giving Circle granting model, our donors are able to harness their collective resources and remain active participants in the community grant-making process.
Endowments are investment vehicles designed to withstand economic instabilities through sensible investing practices. An endowment fund continues to grow while earnings are distributed each year to the named nonprofit organization. Income will be provided in perpetuity and will safeguard against unpredictable future donor giving and economic hardships.
In order to keep Catholic parishes, schools, nonprofits, and other ministries functioning during both stable and unstable times, CCF has established a set of endowments known as the Forever Funds, each dedicated to a particular area of concern for the Catholic faithful. And thanks to our innovative Giving Circle granting model, our donors are able to harness their collective resources and remain active
participants in the community grant-making process.
Endowments are critical to the long-term survival of parishes, schools, and nonprofit organizations because they provide a permanent and stable source of income annually, even in uncertain times. Families can also create an endowment to benefit their favorite cause.
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The mission of the Catholic Community Foundation is rooted in prudent, long-term investing while encouraging local charitable giving. As an organization, we practice what we preach by responsibly and faithfully managing donor investments and granting back excess dollars into the community. To date, the Catholic Community Foundation has distributed more than $25 million in excess funds back into our community through our Donor Advised Funds, Giving Circle Program, and Scholarship Programs.
The CCF Forever Funds are endowments designed to support many areas of need within our community. Throughout the year, CCF promotes sustainability and support for these areas of need and receives gifts from a spectrum of generous donors. One of the great features of the CCF Forever Funds is that a donor can contribute any amount to show their support. In the fall, the CCF Giving Circle members come together to hear various needs from organizations within our community during Pitch Day. The members then vote on their favorite causes and grants are distributed from a portion of the Forever Fund Endowments investment returns.
Read our 2021 Impact Report to learn more about how CCF serves our community organizations in need.
The Giving Circle is an innovative program inspired by a new generation of donors. The program is unique, as each member is an active participant in the community grant-making process. The members cast a vote in the grant-awarding and have an opportunity to connect with grant recipients. Each member of the Circle invests their own philanthropic dollars into the program to collectively magnify the impact of their giving in our community. It is the ONLY Catholic giving circle in Arizona! Each spring all Circle members vote and award grants to under-served needs in Arts & Culture, Sanctity of Life, Health & Wellness, Teacher's Choice & Youth Programs, and Work Among the Poor in the Diocese of Phoenix.
Members will make a direct and lasting impact on Catholic causes in need with their time, talents, knowledge, and experience. Membership funds are redirected back into the community in the form of grants and all donations are also 100% tax-deductible.
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Kyle Felix, the Foundation's Director of Finance & Administration explains how the Forever Fund Endowments came to be.