What is the Catholic Schools Foundation?

The Catholic Schools Foundation is a public 501(c)(3) charitable organization supporting Catholic schools (pre-school through grade 12) in the Winona community. All assets donated to the foundation are permanently endowed. To ensure growth in foundation assets, the trustees can approve distribution of up to %5 of the foundation assets each year depending on the return and growth of the endowment. However, the foundation will never distribute an amount that would cause deterioration of the corpus of the foundation.

What is the advantage of a 501(c)(3) foundation like CSF over a private foundation?

The Catholic Schools Foundation is knowledgeable regarding local needs and provides a stewardship vehicle for donors who wish to permanently establish endowed funds without incurring the administrative and legal costs of starting and operating a private foundation.

What is an endowment?

Endowment defines charitable gifts permanently invested for current and future needs. Your Catholic Schools Foundation does not distribute any portion of the original gift.

How are CSF’s assets managed?

All Foundation funds are combined into an investment pool. Our Investment Committee consists of board members and volunteers who meet regularly with professional fund managers to guide investment policies and monitor performance. The Foundation focuses on a long-term strategy to protect and increase assets over time. The Investment Committee has adopted a balanced strategy with an asset allocation of 60 percent equity and 40 percent fixed income securities. The portfolio is rebalanced to its target allocation periodically.

How are decisions made about who receives funds from the Catholic Schools Foundation?

Earnings from unrestricted donations are distributed to the Winona Area Catholic Schools and Cotter Schools based upon student enrollment. Earnings from specific donations, such as restricted donations, are distributed to programs or schools designated by the donor.

Haven’t’ found the information you’re looking for?

Please contact [email protected] or 507-453-5100 with any questions you may have.

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