The Catholic Foundation of the South Plains is a non-profit organization created in 1987. To date, the Catholic Foundation has grown to more than $3 million in managed assets through annual memberships, end-of-year giving, endowments, annuities, life insurance policies, bequests and investments. The earnings on these assets provide annual grants in excess of $100,000 to the ministries of the Diocese of Lubbock, its parishes, schools and Catholic organizations.