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The Church Foundation
The Church Foundation is a Pennsylvania nonprofit corporation, created as a service organization for the Diocese of Pennsylvania.
Its functions:
- To serve as trustee, custodian and investment advisor for assets owned by churches, chapels, missions and institutions in the Diocese
- To administer Diocesan real estate matters as required.
The Foundation holds title to more than 100 church and Diocesan properties.
The Foundation's primary activity is managing the Consolidated Fund, a balanced fund of stocks and bonds providing a diversified investment medium for the Diocese of Pennsylvania, its parishes and other church-related institutions. The Fund's market value was over $104 million at December 31, 2005.
