Denver's Catholic Foundation and Its Implications
Within a year after being named Archbishop of Denver in 1997, Charles Chaput formed such a foundation. According Chaput's weekly newspaper, the Denver Catholic Register (DCR), its purpose was "to create a mechanism to receive major gifts, transactions and endowments" and "to support Archbishop Chaput's larger developmental issues for the Church in northern Colorado." In November 1999, Chaput opened the first meeting of The Catholic Foundation's board of trustees. It was announced at the time that the Foundation had assets totaling $19.5 million "the majority of which were transferred from investments and properties held by the Archdiocese of Denver." In addition to complete confidentiality, the Foundation also offers its contributors tax benefits not available from othe |