The mission of the new Vermont Catholic Community Foundation is to support and serve apostolic activities of the Church and make grants to nonprofit organizations in the statewide Diocese of Burlington that reflect the compassion of Christ in service to the community.
"Our purpose is to provide pathways for caring people to leave a legacy that will shape the future of our Catholic Church," said Ellen Kane, executive director of the Vermont Catholic Community Foundation. "Whether donors wish to support their own parish, a specific ministry or Catholic education, vtcatholicfoundation is the mechanism that will bring the Catholic community together to build the foundation for generations to come."
The foundation will allow the Catholic community a choice to support what they value most and to shape the future of the Catholic Church in Vermont.
The foundation is a stand alone nonprofit corporation that is separate and distinct from the Roman Catholic Diocese of Burlington. It will support Catholic and other social service programs across the state that align with the mission of social justice teachings of the Church. The foundation has been established in a manner consistent with the requirements of an organization described in section 501(c)(3) of the Internal Revenue Code. Formal 501(c)(3) recognition by the Internal Revenue Service is pending.
"I want to encourage parishes, organizations and the people of the Diocese to be generous to the Foundation by establishing endowments that will serve the Church here in Vermont now and the future. May God bless all that we do and say in his name."
The Most Reverend Christopher J. Coyne
There are limited resources available in Vermont to support Catholic activities and education; many of the existing foundations in the state will not make grants for religious purposes or to religious organizations. Often parishes and schools compete with one another for support from the same few donors. The foundation fills a gap by providing professional, faith-based investment services to Catholics who wish to further the mission of the Church.
Developing a Catholic foundation that meets the needs of the community and furthers the mission of the Church is not a new idea. There are 181 Catholic dioceses in the United States and 143 Catholic foundations -- many of which formed in the early 1980s. Eight-five percent of these dioceses (122) use a foundation separate from the diocese.
There are numerous state and federal regulations in order to become a community foundation that require accountability to the donor and the community, including an annual meeting, report and audit.
Foundations act as both a fundraising resource and investment management vehicle. Just like colleges and universities, dioceses have recognized the importance of building endowment funds for stability and future mission of the Church as well as provide accountability to the community. In addition, our investment policies reflect our faith. All investments meet the Catholic ethical standards required by United States Conference of Catholic Bishops guidelines.
A donor or organization may choose to open a restricted fund, designated to a specific parish, school or region, and the money will be distributed annually based on the designation. In the case of an unrestricted fund like the Catholic Schools Fund, schools seeking funds will apply for a grant based on the purpose and criteria set forth in the fund agreement.
The foundation’s Board of Directors will make grants based on the fund purpose and criteria.
The board is seeking members so all regions of the diocese are represented. Current members are: Brydon Beasant, Realtor, Pall Spera Company; Richard Cote, assistant vice president of advancement and chief of staff at Dartmouth College; Burlington Bishop Christopher Coyne; Elizabeth Fitzgerald, B2B Healthcare Consulting owner; Msgr. John McDermott, vicar general of the diocese of Burlington and pastor of Christ the King-St. Anthony Parish in Burlington; David Mount, Westaff owner; Jon Pizzagalli; and Ellen Kane.
Education of young men to the Catholic priesthood from the Diocese of Burlington
Papal See support and Roman Catholic schools and charities of the City of Burlington
To provide income for the charitable activities of the St. Peter Cemetery associated with maintenance, beautification and any restoration of monuments, headstones and grave markers of historical or architectural significance to the community
To provide funding for youth ministry, evangelization and other types of Catholic education and outreach
To provide funding for operations of Christ the King and St. Anthony parishes
To provide tuition assistance and other financial support for Catholic Schools in the Roman Catholic Diocese of Burlington as determined by the Superintendent of Catholic Schools
To provide funding for operations of Christ the King School
To provide funding for operations
Catholic health care to persons in need of such assistance within the Diocese of Burlington
For more information about the Vermont Catholic Community Foundation contact:
Mrs. Ellen Kane
55 Joy Drive; South Burlington, VT 05403
(802) 846 - 5837