This endowment fund was established in 1992 by a gift from the Vincentian Fathers and Brothers who sponsor the university. Through this gift, the Vincentian Community wished to communicate several of its fundamental convictions. First, it is impossible to view the Vincentian identity of the university independently from its Catholic identity. Second, consonant with its Catholic and Vincentian values, DePaul has developed its sense of being an urban university with a deep educational involvement in the life of the city, the nation, and the world. The university’s Catholic and Vincentian values also have contributed to many of the most notable aspects of the university’s institutional culture, such as its commitment to access and attainment, academic entrepreneurship, service, personalism and diversity. Third, in order for these values to continue to inform the life of the university, the university community must participate in an ongoing study, dialogue, and praxis concerning these values and this identity.
In 2002, in commemoration of the tenth anniversary of the Vincentian Endowment Fund (VEF), the Vincentian Fathers and Brothers gave additional gifts to the original endowment in order to ensure adequate funding for service grants that involve faculty, staff, and students in community service projects, especially those that directly impact those who are most in need. These gifts were given in honor of Blessed Frederic Ozanam, a university professor and co-founder of the St. Vincent de Paul Society.
The endowment thus seeks to assist the university in developing its understanding of how, as a university informed by the vision of Vincent de Paul, it is to be an inclusive, diverse, and welcoming institution that treasures its Catholic identity. This assistance will be achieved through funding grant projects that directly enhance the identity of DePaul University as a Catholic, Vincentian, and urban university with special attention to the Catholic and Vincentian aspects of this identity