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Mission & History

A Mission of Cooperation and Collaboration

In 2010, the Board of Trustees adopted the following mission statement:

The mission of the Papal Foundation is to serve the Holy Father and the Roman Catholic Church.

We do this by gathering in a corporal and cooperative collaboration of laity, clergy and hierarchy within the Church, in witness to one another of our faith, and drawing strength from the witness of the Holy Father.

We bring and contribute our faith, our energy and our financial resources, to serve those needs of the Church that are of particular significance to the Holy Father, always with a commitment to walk in union with the Holy Father and the Magisterium of the Church.

Our Donors

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 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 $215 million with a total of $121 million awarded in grants and scholarships.

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 foundations

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.

Our Donors
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.