Catholic Foundation Of Michigan
Catholic Foundation Of Michigan
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By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
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About this organization
Mission
The Catholic Foundation of Michigan inspires charitable giving and assists donors in providing for the long-term needs of the Catholic parishes, schools, ministries, and nonprofit organizations of southeast Michigan. The Catholic Foundation's mission is to connect donors to local needs by aligning donor generosity with the areas of greatest need in the community and supporting local ministries by offering professional stewardship to maximize the dynamic impact of legacy giving.
About
THE CATHOLIC FOUNDATION OF MICHIGAN INSPIRES PHILANTHROPY, INVESTS AND MANAGES ASSETS ENTRUSTED TO US AND DISTRIBUTES GRANTS FROM THEM TO NONPROFIT ORGANIZATIONS. THE CATHOLIC FOUNDATION OF MICHIGAN SERVES AS A RESOURCE TO CREATE CATHOLIC LEGACIES AS A SPECIAL FORM OF STEWARDSHIP. AS A COMMUNITY FOUNDATION FOR CATHOLICS, WE ASSIST FAMILIES AND INDIVIDUALS TO PASS ALONG THEIR CATHOLIC VALUES FOR FUTURE GENERATIONS. WE MAKE CERTAIN THAT THE DONORS INTENTIONS ARE HONORED AND STEWARD THE GRANTS AND DISTRIBUTIONS FROM THE FUNDSIN 2018, 30 NEW DONOR-ADVISED AND ENDOWED FUNDS WERE ESTABLISHED TO PROVIDE BENEFIT TO THE COMMUNITY. AT THE CLOSE OF THE FIRST YEAR, 171 NONPROFITS BENEFITED FROM DONOR DIRECTED GRANTS TOTALING $896,234. ONCE ENDOWMENTS ARE ESTABLISHED, THESE FUNDS ARE INVESTED IN A MANNER CONSISTENT WITH CATHOLIC VALUES AND INVESTING STANDARDS ESTABLISHED BY THE UNITED STATES CONFERENCE OF CATHOLIC BISHOPS (USCCB). THEY ARE INVESTED IN A DIVERSIFIED MANNER TO PRESERVE AND GROW THE ENDOWMENTS. THE CATHOLIC FOUNDATION HANDLES THE ADMINISTRATIVE WORK FOR ENDOWMENT FUNDS AND PROVIDE GRANTS UPON DONOR REQUESTS TO ASSIST OUR LOCAL CATHOLIC COMMUNITY.IN ADDITION, THE CATHOLIC FOUNDATION ALSO SUPPORTS THE ESTABLISHMENT OF NON-ENDOWED DONOR-ADVISED AND DESIGNATED FUNDS. THESE FACILITATE GIVING AND MAKE AN IMPACT TODAY, TOMORROW AND FOR FUTURE GENERATIONS. ONE OF THE KEY ADVANTAGES OF ESTABLISHING DONOR-ADVISED FUNDS IS THAT THE DONOR RECEIVES AN IMMEDIATE, SINGLE TAX RECEIPT FROM THE FOUNDATION FOR THE GIFT AND THEN HAS SEVERAL MONTHS OR YEARS TO RECOMMEND GRANT DISTRIBUTIONS TO CHARITABLE ORGANIZATIONS AS DESIRED.
Interesting data from their 2020 990 filing
The filing specifies the mission of the non-profit as “The catholic foundation of michigan inspires charitable giving and assists donors in providing for the long-term needs of the catholic parishes, schools, ministries, and nonprofit organizations of southeast michigan”.
When explaining its duties, they were described as: “The catholic foundation of michigan inspires and unites catholics in giving to their faith community. we assist donors in providing for the long-term needs of the catholic ministries of southeast michigan by providing socially/morally responsible charitable tools such as donor advised funds and endowments to benefit parishes, schools and nonprofits. we work with parishes, schools, and nonprofits to build a sustainable philanthropic plan in line with catholic teachings.”.
- The state in which the non-profit is authorized to operate legally is MI.
- According to the filing, the address of the non-profit for the year 2020 is 1145 W LONG LAKE ROAD NO 201, BLOOMFIELD HILLS, MI, 48302.
- The non-profit has reported 2 employees on their form for the year 2020.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $3,605,562.
- The organization has 29 independent voting members.
- The organization was formed in 2016.
- The organization pays $207,459 in salary, compensation, and benefits to its employees.
- The organization pays $8,763 in fundraising expenses.