The liquidity of each fund type varies based on the nature of the underlying investment vehicle.

If an organization were to open a Catholic Savings Fund or Catholic Growth Fund with the Catholic Community Foundation, the organization retains ownership and access to those funds. Those funds, by nature, are like a savings or brokerage account at your local bank.

If an individual or organization were to start an endowment, those funds would be available annually, per the spending policy, as prescribed.