Mission and Ministry Fund Achieves $100 Million Goal
The Mission and Ministry Fund of Catholic Health Initiatives has achieved the goal of establishing a $100 million corpus, or principal, for the fund. During the past ten years, the Mission and Ministry Fund has awarded approximately $19 million in grants for projects and collaborations that build healthy communities. Future grants will be funded by interest on the corpus, which was established through annual contributions from Catholic Health Initiatives’ market-based organizations. “With the attainment of the $100 million goal, the market-based organizations will no longer make annual contributions to the fund,” said Kevin Lofton, president and chief executive officer of Catholic Health Initiatives. “I would like to extend deep gratitude to all of our market-based leaders for their commitment to supporting the fund, which enhances the lives of thousands of people throughout the communities we serve. By providing funding for programs ranging from school-based clinics to mentoring programs for new immigrants, the Mission and Ministry Fund has become a hallmark of Catholic Health Initiatives’ local and national commitment to enhancing health and well-being.” The Mission and Ministry Fund was established in 1996 by the foundresses of Catholic Health Initiatives. During the fund’s tenth year, the Mission and Ministry Fund Advisory Committee will review and make recommendations for revising the grant process to achieve its maximum potential. “This will be an exciting year for Catholic Health Initiatives,” said Lofton. “We have much to celebrate, including our tenth anniversary as a system and the attainment of our financial goal for the Mission and Ministry Fund.” Watch for more information about the history and the future of the Mission and Ministry Fund in the May issue of Initiatives.