Why Catholic Foundation?


Our Mission


To promote Christian giving and provide stewardship for funds raised to support the needs of the Catholic Archdiocese of Singapore.

About


The Catholic Foundation was established in December 2012 with the initial intent of providing an additional vehicle of fundraising to sustain the Archdiocese of Singapore.

This was done to supplement a funding model that has become insufficient for the Church in recent years. Traditionally, the 31 parishes and numerous organisations in the archdiocese are funded by weekly offertories and other collections made during Masses.

Until recently, only a fixed 15% share of parish collections are contributed to the archdiocese, the rest of which are kept for the respective parish’s own needs. Beginning 2016, the 15% fixed contribution was revised to a tiered system of between 4% and 28% depending on the income of each parish.

However this contribution, even with the revised rates, is inadequate to meet the expanding needs of the archdiocese.

Resources are needed for the many offices, commissions, councils and other organisations in the archdiocese to continue their work in various areas, including education, migrants, evangelisation, families, youths, and many others.

On top of current operational costs, the archdiocese has several infrastructural projects, building maintenance and land lease renewals, each of which runs into the millions.

Since the archdiocese embarked on a vision to become a more vibrant, missionary and evangelistic Church, an increase in operational and building needs are also expected in the years to come.

Thus, the mandate of the Catholic Foundation was expanded in November 2015 to be the designated fundraising arm of the archdiocese.

With the Catholic Foundation taking on the task of fundraising, archdiocesan organisations can focus on their apostolate work and be less constrained by unsustainable budgets.

Fundraising in the archdiocese can also be consolidated under the Catholic Foundation, rather than through multiple archdiocesan bodies. This not only enables organisations to focus on their ministries, but also makes fundraising more effective and secure.


Accountability of Funds


CATHOLIC FOUNDATION IS SET UP AS A COMPANY LIMITED BY GUARANTEE (CLG) AND A REGISTERED CHARITY IN SINGAPORE (UEN NO: 201231391K).

  1. Any activity or fundraising effort by the Catholic Foundation follows all guidelines and regulations spelt out in the Charities Act.
  2. Catholic Foundation is answerable to the Commissioner of Charities.

CATHOLIC FOUNDATION IS GOVERNED BY A BOARD OF DIRECTORS APPOINTED BY THE ARCHBISHOP.

The board consists of leadership priests, as well as professionals with relevant backgrounds such as accounting, legal, and corporate governance.

Catholic Foundation is transparent.

Information of how money is raised and used can be found on Catholic Foundation’s annual reports and communications with donors.

Catholic Foundation is audited.

The financial statements, as well as accounting and control processes of the Catholic Foundation is audited by an independent auditor, Deloitte & Touche.


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