10 Pitfalls of Building Your Catholic Foundation and How to Address Them

In this podcast, we highlight ten common pitfalls of building a Catholic foundation and how to address them. This is a continuation of our previous podcast, on Strengthening and Structuring Catholic Foundations and Trusts. In this session, you will hear from Catholic fiduciaries and industry experts sharing practical advice on the ten most common mistakes to avoid when building a Catholic foundation, and offering best practice solutions.

Highlights

• Governance principles related to establishing and growing a Catholic foundation
• The importance of having adequate staffing in a foundation
• Why there should be clear communication between the foundation and the diocese
• Making grants to mission dioceses and the importance of not amassing large endowments at the expense of a mission
• The difference between the roles of the individuals responsible for building and managing a foundation
• How the commingling of assets and confusion of assets between foundations and the archdiocese can lead to gifts being allocated improperly or applied incorrectly
• The importance of understanding your investments
• Treating endowments as rainy day funds
• The importance of the small details in running the foundation

Episode Resources

• Connect with Catholic Investment Services
• https://catholicinvest.org/about-us/
• https://catholicinvest.org/about-us/#board-of-trustees
• https://catholicinvest.org/contact-us/
• https://catholicinvest.org/cis-institute/