Catholic Church Insurance (CCI) is contributing $10 million to establish a new charitable foundation, it has announced in a media release.
CCI is owned by the dioceses and religious institutes of Australia and has been insuring Catholic entities and organisations for over 100 years.
The new Foundation, called CCI Giving, will support Catholic organisations and others carrying out Catholic mission in Australia, and will be set up with a $10m contribution from CCI.
“We’re really proud to be contributing $10m to CCI Giving because we recognise that we needed to do more. We needed to make a difference,” CEO Roberto Scenna said.
“A growing number of organisations and causes are going unfunded each year, while other charities are at funding capacity. I’m a firm believer that what you say has no credibility unless it’s backed up by your actions and behaviour – that’s why CCI Giving focuses on gaps in current social welfare areas.
“CCI Giving is our way of formalising over 100 years of support for the Catholic community. We’re giving back to those overcoming challenges and adversity, and especially those who need us the most.
“We’re stepping up to promote compassion and generosity, and create change on a greater scale. That’s why we’re working with Catholic organisations and charities, staff, and CCI clients to achieve positive social impact for disadvantaged and marginalised communities and make future generations proud.“
Mr Scenna said CCI Giving would become a perpetual charitable foundation that would not be reliant on public funding.
Meet CCI Giving - CCI's new charitable foundation (Catholic Church Insurance)