Text Resize

The Catholic Foundation of the Diocese of Colorado Springs, Inc.


Mission: The Catholic Foundation of the Diocese of Colorado Springs, Inc., a 501(c)3 nonprofit organization, was founded in 1991 as a tool to provide donors with a safe and convenient way to make endowment-type gifts in support of the Diocese, its parishes, schools, Catholic Charities, and other Catholic organizations in the Diocese. Click here for a list of our endowment funds.
 
  • Advantages of The Catholic Foundation:
    • Each parish has a foundation fund within The Catholic Foundation
    • Socially and Morally Responsible Investment Policy:
      • Follows Catholic Teaching and USCCB mandate
    • Benchmarks and performance are measured over long term
    • Foundation Fund Agreement for the parish:
      • 5% asset distribution each year
      • 7% long-term asset growth
      • Diversified: 65% Equities; 35% Fixed Income
    • Double assurance of gift designation:
      • State and Federal law ensures gift designation
      • Canon Law ensures gift designation
    • If the parish ceases, the money follows its people
    • Parishes are not approved to create independent parish foundations
    • Parishioners can create independent foundations or endowment funds (“friends of St. Mark’s”), but they will not fall under the Catholic Church’s 501(c)3 ruling and will not be perpetually governed by the foundation board. Also, independent foundations or endowment funds will, most likely, be more costly to set up and maintain than The Catholic Foundation which gains the benefit of spreading administrative costs among all of the Foundation Funds. (Presently, all administrative costs are donated to the foundation from the diocese.)
    • Perpetually managed, responsibly invested, and prudently distributed according to donor’s intent.
  • Bylaws: incorporated as an independent 501(c)3 nonprofit organization:
    • Limits liability
    • No member of the board of directors receives compensation for services to the foundation, nor do members share in foundation profits
  • Independent and experienced Board of Directors and Staff:
    • President: Chris Scurto, Occupation: Business Development
    • Vice President: James (Doc) Colvin, Ph.D., Occupation: Investment Consultant
    • Treasurer/Secretary: Msgr. Robert E. Jaeger, Occupation: Vicar General, Vicar for Clergy
    • Member: Richard A. Bowers, Esq., Occupation: Attorney (Estate Planning & Business Formation)
    • Member: Gregory P. Burrell, Occupation: Financial Advisor
    • Member: Lt. Col. David W. Keith, USAF (Ret.), Occupation: Business Owner
    • Executive Director: Robert G. Doerfler, Jr., Diocesan Finance Officer
    • Staff: Robert C. Faughnan, Director of Stewardship and Development
    • Staff: Jamie W. Crane, Planned Giving Officer
scriptsknown