Agency Funds
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...supporting the spiritual, educational and social needs of the Catholic community.
A parish, school and/or any Catholic organization that is part of the Archdiocese may enter into an agency relationship with the Catholic Community Foundation*. As such, that entity, while maintaining ownership of funds (endowed or non-endowed), invests their funds in the Foundation taking advantage of the pooling of assets.

However, Agency Funds are not “pass through” accounts or bank accounts. A long-term investment strategy is employed with Agency Funds within the Foundation. This agency relationship may be terminated by that same entity at any time.

Rather than establish an Agency Fund, many Archdiocesan entities (e.g. parish, school, or other Catholic organization) establish Endowment Trust Funds (CCF Designated Endowments). Such endowments are often a preferred arrangement because they offer a distinct advantage to Agency Funds: With an endowment trust, the funds are protected from legal attachment from an outside entity or misappropriation within their own organization because fund ownership is transferred to the Foundation. In addition, the Archdiocesan entity benefits from the Foundation’s pooled asset investment strategy and continues to be the benefactor of the endowment fund’s earnings.

For more information or questions - Contact Us. 

* While the Catholic Community Foundation was established primarily to serve the Archdiocese of St. Paul and Minneapolis, we will review/consider arrangements with parishes, schools and other Catholic organizations in Greater Minnesota.