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Defining Vision | Preserving Mission | Stewarding Traditions
Ninety-two (92) cents of every dollar raised by the Catholic Foundation of Rhode Island directly supports the beneficiaries of our endowment funds.
The Catholic Foundation of Rhode Island is a nonprofit corporation established to provide a means for individuals and organizations to ensure long-term financial stability for charitable, religious and educational institutions of the Diocese of Providence.
A Board of Governors, comprised of church, civic and business leaders, advises the Foundation. The Board’s efforts are directed toward the wise and sound management of the Foundation’s assets with spiritual leadership and guidance from the Bishop of Providence.
The mission of the Catholic Foundation of Rhode Island is to procure and build endowment funds while serving as a permanent organization for the management and administration of funds given to the Diocese of Providence. The Foundation assists individuals and organizations with responsible Christian stewardship for the preservation and promotion of the Roman Catholic Church in Rhode Island.
Since its creation in 1983, the Catholic Foundation of Rhode Island has invested its assets in socially and morally responsible funds. Donors can rest assured that great care is taken not to invest in companies whose business activities conflict with Church teachings. Disbursements from our endowed funds help sustain non-profit organizations whose efforts have a lasting impact on our communities and further the corporal and spiritual work of the Catholic Church. This strong commitment to Catholic identity has helped, and will continue to help, the Foundation grow steadily in size and scope.
In addition to supporting parishes and particular agencies, the Foundation also ensures support for overarching priorities that are essential to the life of the Church:
- Catholic Education;
- Community Services & Social Ministry;
- Seminarian Education & Formation;
- Senior Priest Support and;
- Legacy Giving.