Custodial Funds
Strengthening Your Organization’s Financial Future
"Commit your work to the Lord, and your plans will be established."
– Proverbs 16:3
Does your organization already have an endowment fund or scholarship program but want to maximize its impact? Do you need better management and marketing to fuel its growth? Would you like to benefit from economies of scale?
The Catholic Legacy Foundation of Acadiana is here to help.
Establishing a Custodial Fund
With a minimum initial contribution of $10,000, organizations can establish a custodial fund that ensures long-term financial security, provides sustainable distributions, and supports their mission-driven work. CLFA handles investment decisions, fund oversight, and quarterly reporting, allowing Catholic entities to focus on serving their communities.
A custodial fund allows your organization to retain ownership of assets while benefiting from professional investment management aligned with Catholic values. Any entity listed in the Official Catholic Directory and associated with the Diocese of Lafayette can establish a custodial fund with CLFA.
- Minimum Initial Contribution — $10,000
- Fund Growth — No additional contributions are required, but donors can add funds at any time
- Trust & Security — Funds are held in trust by CLFA, remaining an asset of the donating organization
Distributions
Funds are distributed according to CLFA’s spending policy, which is based on a three-year moving average of past market values.
- Annual Distributions — Processed once per year
- Additional Requests — May be approved under special circumstances
- Recipient Organizations — Distributions only go to the organization that established the fund
Investments
Custodial funds are component funds of CLFA’s total investment pool, benefiting from economies of scale and expert management.
- Professional Oversight — CLFA makes all investment decisions
- Faith-Aligned Investing — Investments follow USCCB guidelines for responsible Catholic stewardship
- Market Advantages — Pooled investments offer stronger financial growth potential
With CLFA, your funds are ethically invested and positioned for long-term success.
Fees & Reporting
CLFA assesses mission support fees to cover administrative and investment management costs. These are in addition to any fees charged by external investment advisors.
- Annual Fee Assessment — Fees are charged no less than annually
- Quarterly Reports — Fund owners receive detailed updates on fund activity and investment performance
This transparent, mission-driven approach ensures that funds are managed efficiently and responsibly.
Fund Termination Policy
A custodial fund will terminate if its balance falls below $3,000 and remains there consistently.
- The organization will receive written notice and the opportunity to increase the principal or convert the fund to another CLFA charitable gift option.
- If not replenished,
remaining funds will be returned to the organization.
Why Choose CLFA?
By partnering with the Catholic Legacy Foundation of Acadiana, your organization benefits from:
- Faith-Based Stewardship – Investments align with Catholic moral teachings
- Professional Financial Management – Expert handling for long-term sustainability
- Increased Growth Potential – Access to institutional-level investment strategies
- Mission-Driven Support – Ensuring funds are used for the greater good
Join other Catholic organizations in securing a financially strong and mission-focused future.
Start Your Legacy Today
Are you ready to make a lasting impact through faith-driven giving?
Contact us to learn how you can support the ministries and Catholic causes closest to your heart.
Phone (337) 261-5642 | Email mtrahan@CLFAinc.org | Contact Us