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Mission & History
The Papal Foundation began in 1988 as a response to the desire of Catholic clergy and laity in the U.S. for a unique, sustainable way to support the Holy Father and his witness in the world.
The vision was to establish an endowment that would
- Provide an additional source of income for the Holy See
- Strengthen the Holy Father’s ability to fulfill the mission of Saint Peter
- Set the standard for other nations and challenge them to establish similar foundation
Income generated from the investment of capital creates a perpetual source of revenue. The portfolio does not invest in any companies that engage in activities inconsistent with our faith.
Donors can be individuals, foundations or fraternal groups. Membership starts with the pledge to give $1 million over the course of no more than ten years with a minimum donation of $100,000 per year. Those who choose to make this commitment become Stewards of Saint Peter [link to Stewards page] and join a growing network of dedicated American Catholics in service to the Successor of Peter.
The vision of our founding members and the commitment of our Stewards has resulted in a fund that has grown to over $139 million with a total of $70 million awarded in grants and scholarships.