History of the Foundation
Founded in 1996, the Foundation of the Roman Catholic Diocese of Buffalo (FRCDB) supports the educational, religious, and charitable needs of the Catholic Diocese of Buffalo by responsibly and professionally managing funds that have been generously donated.
With an initial gift of $2 million, a Catholic Education Endowment began and the first lay trustees were appointed to the Board in 2000. In 2004, Catholic Charities merged their Foundation with the Foundation of the Roman Catholic Diocese of Buffalo and along with a tipping point gift of $5 million in 2009, total assets under management at that time reached $2 million. As a result of the capital campaign which began in 2014, Upon This Rock, assets now under management have grown to just under $60 million.
Through grants and endowments, the FRCDB proudly services key pastoral and charitable missions of the Diocese of Buffalo, including Catholic education, Catholic Charities, parish life, formation and other ministries.
Since its inception the assets of the FRCDB have grown significantly through the investment in the St. Joseph Investment Fund as well as an increasing number of generous donations. The Foundation provides flexible and convenient ways for donors to support the ministries that are important to them, helping them to achieve both their charitable and financial goals.
ABOUT THE ST. JOSEPH INVESTMENT FUND
The St. Joseph Investment Fund provides an effective means for managing the financial assets of diocesan organizations within the eight counties of Western New York, while following investment policies in accordance with teachings of the Catholic Church.
The fund invests in companies that adhere to high standards of virtuous corporate citizenship, abiding by Catholic doctrine. In harmony with the teachings and beliefs of the Roman Catholic Church, the fund does not invest in businesses involved with gambling, tobacco, alcohol, nor pharmaceuticals (specifically birth control and abortifacients).