Catholic United Financial Foundation
Catholic United Financial Foundation
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About this organization
Mission
The Foundation, inspired by the Gospel of Jesus Christ, serves the members, employees, and friends of Catholic United Financial, a not-for-profit fraternal benefit society, by: • Being accountable to our donors and faithful to our Church's mission, • Supporting Catholic schools and parishes with technology grants, • Providing support for chastity education, • Bringing a Catholic presence to natural disaster sites with our disaster response team, providing training and equipment for spontaneous volunteers, • Supplementing the cost of educating and training men for the priesthood. The Foundation strives to strengthen our Faith and provide support to others, not because they are Catholic, but…because WE are Catholic.
About
IN 2018, THE FOUNDATION GRANT PROGRAM PROVIDED 266 GRANTS TO CATHOLIC SCHOOLS AND PARISHES FOR TECHNOLOGY AND CHASTITY & ABSTINENCE PROGRAMS AMOUNTING TO $112,517. THE FOUNDATION'S SCHULER SEMINARIAN FUND PROVIDED 173 SEMINARIANS WITH $57,500 IN SCHOLARSHIP SUPPORT TO AID IN THEIR CONTINUING EDUCATION TOWARDS BECOMING A PRIEST. THE FOUNDATION'S CATHOLIC UNITED DISASTER RESPONSE ASSISTS VICTIMS FROM NATURAL DISASTERS. THE DISASTER RESPONSE PROGRAM PROVIDED EDUCATION AND SUPPORT FOR VARIOUS COMMUNITY MEMBERS AND ORGANIZATIONS SO THAT THEY WILL BE ABLE TO ASSIST THEMSELVES AND OTHERS IN NEED FOLLOWING NATURAL DISASTERS. A TRAILER EQUIPPED WITH THE TOOLS AND EQUIPMENT NECESSARY TO ASSIST WITH CLEAN UP AND RECOVERY AFTER DISASTERS WAS DEPLOYED PROVIDING US THE ABILITY TO SERVE ALL PEOPLE IN NEED REGARDLESS OF RACE, CREED AND/OR RELIGION. THE DISASTER RESPONSE UNIT DEPLOYED FOR 2 DAYS IN 2017 TO RESPOND TO WEATHER DISASTERS. THE MAIN ASSISTANCE WORK WAS DONE IN SOUTHERN MINNESOTA AFTER TORRENTIAL RAINS CAUSED SIGNIFICANT FLOODING AND A NEED FOR CLEAN-UP AND DEBRIS REMOVAL. THE FOUNDATION ALSO PROVIDES CHARITABLE GIFT ANNUITIES, DONOR ADVISED FUNDS, CHARITABLE DEFERRED ANNUITIES, AND CHARITABLE LIFE INSURANCE TO CATHOLIC UNITED FINANCIAL MEMBERS. THE FOUNDATION MATCHES THE MEMBERS GIVING AND THEIR FINANCES, INTEGRATING GIVING INTO THEIR OVERALL FINANCIAL STRATEGY WHILE ENSURING THEY CAN ACHIEVE THEIR CHARITABLE GOALS THROUGH SOUND, CONSERVATIVE FISCAL MANAGEMENT. THE FOUNDATION ALSO OFFERS ORGANIZATIONAL ADVISED FUNDS TO ASSIST PARISHES AND CEMETERIES WITH THEIR LONG TERM AND ENDOWMENT MANAGEMENT AND INVESTMENT NEEDS.
Interesting data from their 2020 990 filing
The non-profit's aim, as indicated in the filing, is “The foundation, inspired by the gospel of jesus christ, serves the members, employees, and friends of catholic united financial, a not-for-profit fraternal benefit society, by:- being accountable to our donors and faithful to our church's mission,- supporting catholic schools and parishes with technology grants,- providing support for chastity education,- bringing a catholic presence to natural disaster sites with our disaster response team, providing training and equipment for spontaneous volunteers,- supplementing the cost of educating and training men for the priesthood.”.
When referring to its functions, they were specified as: “To support financially the spiritual, educational and social needs of the catholic community where the catholic united financial has a major presence”.
- The non-profit has reported their operating state as MN, as required by law.
- As stated in the filing, the non-profit's address in 2020 was 3499 LEXINGTON AVENUE NORTH, ST PAUL, MN, 55126.
- The non-profit's form reports a total of 0 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $3,080,101.
- The organization has 9 independent voting members.
- The organization was formed in 1997.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $28,754 in fundraising expenses.
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