The endowment aims to provide ongoing support for the integral formation of priests and seminarians, regardless of economic downturns.
The income received to increase the endowment fund is invested prudently to maintain the purchasing power of the initial capital, and a portion of the profits earned by the fund is used to finance study grants at the University. University of Navarrea and in the Pontifical University of the Holy CrossThus, the CARF Foundation can give stability to its mission.
It is the investment result that is used as a study aid. An endowment fund is a financial asset, in this case held by a nonprofit organization, such as the CARF Foundation, that contains the capital investments and related earnings leveraged by the nonprofit organization to fund the overall mission and seeks not to lose value.
The endowment has an approximate composition of:
CARF, committed to the principles of socially responsible investment, seeks to invest in funds with initiatives that promote environmental care, social responsibility and good corporate governance (ESG) practices.
CARF also complies with the codes of conduct on responsible financial investments, both in terms of the means and organization of the Foundation and in the selection of investments.
By making the impact of a donation permanent over time, the CARF Foundation will be able to undertake more ambitious and long-term projects.
To learn more about the complete work of the CARF Foundation you can visit and consult the Annual Report of the past year or previous years by doing the following click here.
carf@fundacioncarf.orgLandline: +34 914 029 082Mobile: +34 638 078 51145 Conde de Peñalver Street.