Incorporated on June 13, 1990 to provide perpetual support to the Diocese, the Independent Catholic Foundation is a legally separate entity with a lay Board of Trustees managing all its administration, endowments and assets. Although the Foundation is not part of the Diocesan administrative structure, many Catholic parishes, schools, cemeteries, ministries and services benefit from the philanthropic legacies of those who establish a new endowment or contribute to one of 195 existing endowments.
The Mission of the Foundation is to provide necessary funding so that the Lord’s work may continue within the Church of Altoona-Johnstown. It is committed to the long-term strength and viability of the Catholic institutions within the eight-county Diocese of Altoona-Johnstown. The Foundation reported a net average market value of $16.7 million in the fiscal year ending June 30, 2012, and a total distribution of nearly $670,000 designated by endowment beneficiaries to Catholic parishes, schools, ministries, students and more.