With pleasure, we announce the founding of the Catholic Health Foundation of Greater Boston, Inc. (“Catholic Health Foundation”), which has been established to provide financial support to organizations that provide health care and health care services consistent with the teachings of the Roman Catholic Church within the cities and towns that comprise the Archdiocese of Boston.
The corpus of the Catholic Health Foundation is about $10.5 Million, which comes from the endowments previously held by the hospitals that were part of the former Caritas Christi hospital system.
In 2013, the Supreme Judicial Court of the Commonwealth of Massachusetts issued a cy pres judgment allowing those hospital endowments to be distributed to the new Catholic Health Foundation, with “the unrestricted funds to be used for the general purposes of the Catholic Health Foundation, and those that had more particular purposes to be allocated to that purpose category that is closest to the original gift.”
The funds were received by the Catholic Health Foundation on October 1, 2013. Currently, we expect to annually distribute four percent of the market value of each fund.
Board of Directors
Patricia Kelleher Bartram
Vice President for Development, RCAB
John E. Straub
Chancellor & Chief Financial Officer, RCAB
F. Beirne Lovely, Jr., Esq.
General Counsel, RCAB
Francis O’Connor, Esq.
Assistant General Counsel, RCAB
Janice E. Healey, CDA
Patricia S. Jay, MD, FACOG
Rev. Arthur T. MacKay, OD
St. Paul Parish
MC Sullivan, RN, MTS, JD
Chief Healthcare Ethicist and Director
Initiative on Palliative Care & Advanced Care Planning, RCAB