Both funds are treated like a checking or savings account. The difference between the two is how they are invested. A Catholic Growth Fund is a fund that is placed in a moderately aggressive portfolio that allows for growth compared but is subject to market fluctuations. A Catholic Savings Fund is invested in a much lower risk portfolio that eliminates the market's peaks and valleys, but the Foundation guarantees a set annualized return rate. If you would like to learn more about which fund best suits your organization, please contact the Catholic Community Foundation at 480-651-8800.