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6.5.6 Accounts and Transactions​ Account Classifications

Investment participants can have a maximum of six accounts in the Investment Pool under the following asset classifications:

  • Surplus funds – Unrestricted funds, not subjected to donor-imposed restrictions

  • Designated funds – Funds designated by the person in charge for a specific project

  • Restricted funds – Donor-restricted gifts or donations that are designated by the donor for a particular purpose or project

  • Building and capital impro​vements funds – Funds designated for building construction, major repairs, or real estate

  • Endowment trust funds – Permanently restricted assets, donations, and gifts that require by donor restriction that the corpus be invested in perpetuity and only the income be made available for program operations in accordance with donor restrictions; the Finance Council and College of Consultors approve the establishment of endowment funds, such as autonomous pious foundations

  • Prepaid tuition fees for high school

Investment Pool participants who maintain more than six accounts pay additional fees for each additional account.

The minimum Investment Pool balance for each account is $25,000. Deposits and Withdrawals

All deposits and withdrawals must be accompanied by a properly completed and executed transmittal form and supporting documentation, such as invoices, if applicable. See the Archdiocese of Los Angeles Investment Pool: Investment Pool Deposits, Withdrawals and Transfers.

Required signatures:

  • Elementary school withdrawals in excess of $3,000 require the signature of the person in charge of the parish.

  • Parish, elementary school, and parish high school withdrawals in excess of $20,000 require the signature of the regional auxiliary bishop.

  • Archdiocesan high school withdrawals in excess of $20,000 require the signature of the archdiocesan superintendent of high schools.

Endowment withdrawals are governed by the endowment charter. Loan Payments

Most current and all new Investment Pool loan payments are processed and debited electronically from the location's designated bank account. Prepayments may be made at any time.