The endowment is intended to provide ongoing support for the training integral to priests and seminarians, and religious, beyond the negative cycles of the economy.
The income received to swell the endowment fund is invested prudently, with the aim of maintaining the purchasing power of the initial capital, and a portion of the profits obtained by the fund is used to finance study grants at the University of Navarra and the Pontifical University of the Holy Cross. Thus, the CARF Foundation is able to provide stability of its mission.
Investments
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.
In addition, the CARF Foundation complies with the following codes of conduct conduct on responsible financial investments, both in terms of the Foundation's means and organization and in the selection of investments.
By ensuring that 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.