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About

Advancement Foundation History

Nature of Operations

The Catholic Diocese of Fort Worth - Advancement Corporation (the “Corporation”) was formed in July 2009 as an integrated auxiliary of the Catholic Diocese of Fort Worth (the “Diocese”) charged with receiving, managing, and distributing contributions intended to benefit the supported activities of the Diocese.

Effective September 27, 2013, the Corporation changed its name to the Catholic Diocese of Fort Worth Advancement Foundation (the “Foundation”). All assets from the Catholic Foundation of North Texas, the Catholic Schools Trust, the Catholic Cemeteries Trust, and the St. Joseph’s Health Care Trust were transferred to the Foundation subject to all restrictions placed on the assets by the original donors. The Foundation is authorized to receive, accept, own, and manage the assets delivered to the Foundation on behalf of the various beneficiaries.

Investments were transferred to the Foundation as of November 1, 2013.

Description of Programs

The main purpose of the Foundation is to manage fundraising activities, endowment gifts, and trusts on behalf of the Diocese, including the collection and disbursement of contributions that support the various ministries of the Diocese. The Foundation receives contributions restricted to benefit individual parishes, schools, and other ministries. Capital and operating grants are provided to the parishes, schools, and other ministries to satisfy the donor restrictions.

The Catholic Schools Trust (the “Schools Trust”) was established by the Diocese to receive, manage, invest, and distribute properties, assets, and monies given to the Diocese for the use and benefit of the schools that are a part of the Diocese and for religious and educational purposes in the Diocese.

The Catholic Cemeteries Trust (the “Cemeteries Trust”) was established by the Diocese to receive, manage, invest, and distribute properties, assets, and monies given to the Diocese for the use and benefit of cemeteries, which are a part of the Diocese.

The St. Joseph’s Health Care Trust (the “Health Trust”) was established to receive, manage, invest and distribute properties, assets, and monies given to the Diocese for the use and benefit of health care programs in the Diocese.