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6.5.8 Autonomous Pious Foundations​​

​​Locations may establish an autonomous pious f​oundation to hold particular assets as an endowment or to manage certain designated charitable gifts or funds.

Autonomous pious foundations are governed by a charter and the requirements of the 1983 Code of Canon Law, especially the provisions of canon law governing public juridic persons in general and autonomous pious foundations in particular. See the Autonomous Pious Foundation Charter and Trustee Meeting and Reporting Forms.

These funds are deposited in the Investment Pool, in accordance with archdiocesan regulations. Any conditions imposed or dispositions made by the trustees of this fund upon the principal, its earnings, or the income must be in conformity with the foundation's basic purpose. Any request for appropriations from an autonomous pious foundation that does not conform to the terms of the charter must be approved by the archdiocesan Finance Council and the College of Consultors, without exception.​