Cathedral Foundation

The establishment of the Foundation was part of a natural evolution of Cathedral’s fundraising and endowment management activities. As our endowment has grown, so too has our need to manage the funds skillfully, in a way that protects our donors’ intentions, and that is in full compliance with federal and State laws. 

The Foundation was established exclusively to support Cathedral High School, to receive gifts for the benefit of Cathedral High School, and to manage investments and other assets for Cathedral High School. 

Donors should continue to make gifts to Cathedral High School. Gifts to the Cathedral High School Endowment will be transferred to the Foundation.

Control of the Foundation ultimately rests with the Cathedral Board of Trustees, as the Board appoints the directors of the Cathedral High School Foundation. Those directors manage the Foundation and report to the Trustees. The members of the school’s investment committee became the  initial directors of the Foundation. 

All of the school’s existing endowment funds have been transferred to the Foundation intact. No changes have been made to the way the funds are operated. The only change, from the donors’ perspective, is that the funds now are held by the Foundation rather than by the school.

As of December 31, 2020, the Foundation held about $15,000,000 of assets. Those assets are managed by two different Indianapolis advisory firms, which are closely monitored by the Foundation directors.