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Custodial Accounts
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A Custodial Account allows a parish, school or other organization within the Archdiocese of Oklahoma City the opportunity to establish a long-term reserve or quasi-endowment fund with the Catholic Foundation of Oklahoma.
This option allows your organization to invest for the future while benefiting from the expertise and stability of the Foundation's investment strategies.
Custodial Accounts are invested alongside the Foundation's own funds, ensuring prudent management for the long-term financial support of your parish, school or affiliated organization.Key Features:
- Initial Deposit: $10,000 minimum to open an account.
- Ongoing Contributions: Additional deposits can be made at any time, in any amount.
- Flexible Distributions: Account holders can request one distribution per year, with a 45-day notice. Simply download the distribution form to get started.
- Ownership and Control: The account remains fully under control of the owner, who has sole authority to make deposits or withdrawals.
- Account Naming: Accounts can be named in honor of the organization or as specified by the owner.
More Information:
For more information, contact Rebecca David at 405-709-2735 or rdavid@cfook.org. - Initial Deposit: $10,000 minimum to open an account.