An insurance provider for Catholic entities and organisations in Australia has set up a new kind of charitable foundation to support under-addressed causes and unfunded organisations.
Catholic Church Insurance (CCI), one of the oldest insurance companies in Australia, has launched CCI Giving. CCI Giving will set up a $10 million contribution to support Catholic organisations and others carrying out Catholic missions in the country.
“We’re addressing local community needs as they arise through our grants program, and making a concerted difference through impact grants to causes that we see as under-addressed,” CCI said in a statement.
“We’re really proud to be contributing $10 million to CCI Giving because we recognise that we needed to do more. We needed to make a difference,” CCI 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.”
The Catholic insurer, owned by the Catholic dioceses and religious institutes of Australia, said the initiative is their way of formalising over 100 years of support for the Catholic community.
“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,” Scenna said. “CCI Giving is being established with a $10 million contribution from CCI and will become a perpetual charitable foundation that is not reliant on public funding."
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