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 are available on an annual basis, in accordance with the spending policy, as prescribed.