The Catholic Foundation strives to exercise faithful, competent, and morally responsible stewardship in managing the material resources entrusted to it through contributions and other sources.
The Foundation’s investments are managed by Northwest and PNC banks in accordance with a Statement of Investment Policy and Objectives (the “Policy”) approved by the Catholic Foundation Board of Directors and its Investment Committee. The primary investment objective of the Foundation is the long-term growth of principal and generation of income sufficient to offset distributions and investment fees of the Foundation and to keep pace with inflation.
The Policy includes Social Responsibility Guidelines. The Foundation’s investment managers strive at all times to exclude securities whose underlying operating activities are not compatible with the moral, social, and economic teachings and philosophy of the Catholic Church. The Social Responsibility Guidelines include the principles and guidelines stated by the United States Conference of Catholic Bishops.