The Catholic Foundation offers a donor-designated program for cemetery funds. Catholic parishes in the Diocese of Allentown who oversee a cemetery may participate. Cemeteries are required by law to set aside a portion of the sale of burial plots in a perpetual care account. Its purpose is to cover the long-term maintenance and upkeep of the cemetery.
The Catholic Foundation is the best option for parishes to invest and manage perpetual-care funds for cemeteries. The benefits of a donor-designated cemetery fund are that these types of funds:
- Keep up with inflation
- Protect the intent of the funds
- Encourage financial discipline
- Allow the flexibility to make needed withdrawals
- Provide a higher rate of investment returns