All funds and endowments of the Diocese of Charleston are managed by a team of professional money managers. The progress and status of diocesan funds and endowments are also reviewed quarterly by the diocesan Investment Committee. The Investment Committee is a body of lay community leaders appointed by the Bishop to oversee the investments of the Diocese of Charleston. The cost of administration is less than 1%, which is highly competitive with other investment options. The Diocese of Charleston has established several specific funds.
Seminarian Fund
Providing for the spiritual, academic and theological formation of our future priests is of paramount importance. The Seminarian Fund assists men in their journey toward a lifetime of service and sacramental ministry.
Catholic Charities Fund
Catholic Charities strives to continue the ministry of Jesus by providing quality service for people in need, advocating for justice, and calling the entire Church and all people to do the same. Catholic Charities works to accomplish its goals through the provision of direct services, consultation, education and advocacy.
Diocesan Education/Scholarship Endowment
Tuition assistance is provided to families with the greatest need unless otherwise designated by the donor. This fund also can provide direct funding to schools to enhance instructional programs, support curriculum needs and assist with basic operational expenses – all ways to assist the students in their educational experience. Many of the Catholic Schools in the Diocese of Charleston have established endowment funds. Please contact (843) 261-0437 for a list.
Priest Retirement Fund
This fund pays a monthly retirement benefit to support all retired clergy of the diocese.
Priest Assistance Fund
This fund provides for the care of our clergy. Any priest who has a financial need he cannot meet may seek assistance. The fund has been able to help with healthcare costs, insurance premiums, housing and other expenses.