Separate Entities

How are endowment funds impacted by suits?
Since they are restricted, they are protected in the law- meaning that they cannot be used for general liability or debt service by the donee recipient.

How is the Catholic Tuition Support Organization impacted by the parish incorporation?
There is no impact. The CTSO is already incorporated.

Is the Diocese going to be separately incorporated?
The Diocese is already a corporation under Arizona law - a corporation sole.

Will the cost of insurance coverage increase because the parishes are now separate entities?
No.