Any parish, school and/or any Catholic organization that is part of the Diocese of Des Moines in Southwest Iowa may create an agency fund with the Catholic Foundation of Southwest Iowa*. 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.
An agency fund enables parishes, Catholic schools or organizations to capitalize on long-term investment strategies in a diversified portfolio managed by professionals. Agency funds are considered a legal and accounting asset of the establishing institution, which also maintains full discretion regarding distribution(s) from the funds.
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.
How it Works
- Give – The agency (Catholic parish, school, or organization) establishes an agency fund and puts money into it.
- Grow – While in the bank, the investment will continually grow.
- Grant – The agency is then able to grant their growing money to different projects, departments, etc. within their entity.
- Sophisticated investment approach with extensive due diligence
- Screened investment pools that exclude companies in conflict with church teaching
- Support for the fiduciary duties of a parish, school or institution
- Prompt, personal service from experienced professionals
- Assistance with the development and implementation of a multi-year planned giving marketing plan
- Common Catholic values, and a shared mission to support financially the spiritual, educational and social needs of our Catholic community
*While the Catholic Foundation of Southwest Iowa was established primarily to serve the Diocese of Des Moines in Southwest Iowa, we will review/consider arrangements with parishes, schools and other Catholic organizations in Iowa.