Foundation For The Diocese Of Helena Inc

Organization Overview

Foundation For The Diocese Of Helena Inc is located in Helena, MT. The organization was established in 2018. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2021, Foundation For The Diocese Of Helena Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Diocese Of Helena Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Foundation For The Diocese Of Helena Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S MISSION IS TO SERVE AND STRENGTHEN THE PEOPLE, PARISHES, MINISTRIES AND APOSTOLIC MISSION OF THE ROMAN CATHOLIC DIOCESE OF HELENA (REFERRED TO AS "THE DIOCESE" IN THIS RETURN).

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS AND DISTRIBUTIONS: DISTRIBUTIONS MADE BY THE FOUNDATION OF ITS DONOR-DIRECTED TEMPORARY AND PERMANENT ENDOWMENT FUNDS TOTALED NEARLY $1.1 MILLION. THE FOUNDATION ALSO MADE GRANTS FROM ITS OWN UNRESTRICTED RESOURCES IN THE AMOUNT OF $83,276 TO HELP PROVIDE FUNDING FOR PARISHES OR PROGRAMS LACKING MONEY FOR SPECIFIC MINISTRIES OR PROJECTS AND TO ASSIST PARISHES WITH UNRESTRICTED RESOURCES DURING THE COVID19 PANDEMIC. ADDITIONALLY, THE FOUNDATION BOARD DESIGNATED ITS OWN UNRESTRICTED RESOURCES DURING THE FISCAL YEAR AS FOLLOWS: $22,720 TO VARIOUS ENDOWMENT FUNDS WITHIN THE FOUNDATION AND $7,608 TO THE DIOCESE AS AN UNRESTRICTED GRANT.


BUILDING AND MANAGING PERMANENT ENDOWMENTS: THE FOUNDATION SOLICITS AND MANAGES GIFTS TO PERMANENT ENDOWMENTS TO SUPPORT THE PARISHES AND MINISTRIES OF THE DIOCESE OF HELENA. OVER $38 MILLION IN ENDOWED FUNDS ARE PROFESSIONALLY MANAGED BY THE FOUNDATION, INVESTED IN ADHERENCE TO THE PRINCIPALS OF SOCIALLY RESPONSIBLE INVESTING AS OUTLINED BY THE UNITED STATES CONFERENCE OF CATHOLIC BISHOPS. ENDOWMENT BENEFICIARIES RECEIVE QUARTERLY ENDOWMENT STATEMENTS REFLECTING INVESTMENT ACTIVITY AND FUND BALANCES.


CHARITABLE PLANNING EXPERTISE: THE FOUNDATION PROVIDES ANNUAL ESTATE PLANNING AND PLANNED GIVING EDUCATION IN EVERY DEANERY ACROSS THE DIOCESE OF HELENA AND UPON REQUEST FOR AN INDIVIDUAL PARISH/SCHOOL/MINISTRY. CHARITABLE GIFT ANNUITY PROGRAM ADMINISTRATION IS PROVIDED BY THE FOUNDATION, ALLOWING DONORS WITH EASY ACCESS TO THE MONTANA ENDOWMENT TAX CREDIT. THE FOUNDATION ESTABLISHES NAMED ENDOWMENT FUNDS FOR DONORS, ALLOWING THEM TO PROVIDE A STEADY STREAM OF INCOME THAT THEIR CHOSEN PARISH/SCHOOL/MINISTRY CAN COUNT ON IN PERPETUITY. DONORS ESTABLISHING NAMED ENDOWMENT FUNDS RECEIVE ANNUAL ENDOWMENT STATEMENTS REFLECTING INVESTMENT ACTIVITY, DISTRIBUTIONS TO THEIR DESIGNATED MINISTRY, AND FUND BALANCES.


GRANTS AND DISTRIBUTIONS: DISTRIBUTIONS MADE BY THE FOUNDATION OF ITS DONOR-DIRECTED TEMPORARY AND PERMANENT ENDOWMENT FUNDS TOTALED NEARLY $1.1 MILLION. THE FOUNDATION ALSO MADE GRANTS FROM ITS OWN UNRESTRICTED RESOURCES IN THE AMOUNT OF $83,276 TO HELP PROVIDE FUNDING FOR PARISHES OR PROGRAMS LACKING MONEY FOR SPECIFIC MINISTRIES OR PROJECTS AND TO ASSIST PARISHES WITH UNRESTRICTED RESOURCES DURING THE COVID19 PANDEMIC. ADDITIONALLY, THE FOUNDATION BOARD DESIGNATED ITS OWN UNRESTRICTED RESOURCES DURING THE FISCAL YEAR AS FOLLOWS: $22,720 TO VARIOUS ENDOWMENT FUNDS WITHIN THE FOUNDATION AND $7,608 TO THE DIOCESE AS AN UNRESTRICTED GRANT.


BUILDING AND MANAGING PERMANENT ENDOWMENTS: THE FOUNDATION SOLICITS AND MANAGES GIFTS TO PERMANENT ENDOWMENTS TO SUPPORT THE PARISHES AND MINISTRIES OF THE DIOCESE OF HELENA. OVER $38 MILLION IN ENDOWED FUNDS ARE PROFESSIONALLY MANAGED BY THE FOUNDATION, INVESTED IN ADHERENCE TO THE PRINCIPALS OF SOCIALLY RESPONSIBLE INVESTING AS OUTLINED BY THE UNITED STATES CONFERENCE OF CATHOLIC BISHOPS. ENDOWMENT BENEFICIARIES RECEIVE QUARTERLY ENDOWMENT STATEMENTS REFLECTING INVESTMENT ACTIVITY AND FUND BALANCES.


CHARITABLE PLANNING EXPERTISE: THE FOUNDATION PROVIDES ANNUAL ESTATE PLANNING AND PLANNED GIVING EDUCATION IN EVERY DEANERY ACROSS THE DIOCESE OF HELENA AND UPON REQUEST FOR AN INDIVIDUAL PARISH/SCHOOL/MINISTRY. CHARITABLE GIFT ANNUITY PROGRAM ADMINISTRATION IS PROVIDED BY THE FOUNDATION, ALLOWING DONORS WITH EASY ACCESS TO THE MONTANA ENDOWMENT TAX CREDIT. THE FOUNDATION ESTABLISHES NAMED ENDOWMENT FUNDS FOR DONORS, ALLOWING THEM TO PROVIDE A STEADY STREAM OF INCOME THAT THEIR CHOSEN PARISH/SCHOOL/MINISTRY CAN COUNT ON IN PERPETUITY. DONORS ESTABLISHING NAMED ENDOWMENT FUNDS RECEIVE ANNUAL ENDOWMENT STATEMENTS REFLECTING INVESTMENT ACTIVITY, DISTRIBUTIONS TO THEIR DESIGNATED MINISTRY, AND FUND BALANCES.


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Board, Officers & Key Employees

Name (title)Compensation
Jeanne Saarinen
Outgoing Executive Director
$72,994
Deacon Doug Cordier
President
$0
John Talia CPA
Vice President
$0
Jim Mcdonald CPA
Treasurer
$0
Rona Davison CPA
Secretary
$0
Daniel Thies
Incoming Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$39,545
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$343,249
Noncash contributions included in lines 1a–1f $72,068
Total Revenue from Contributions, Gifts, Grants & Similar$382,794
Total Program Service Revenue$2,000
Investment income $712,262
Tax Exempt Bond Proceeds $0
Royalties $340
Net Rental Income $1
Net Gain/Loss on Asset Sales $7,159,483
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,258,452

Grants Awarded

Over the last fiscal year, Foundation For The Diocese Of Helena Inc has awarded $20,040 in support to 2 organizations.

Grant RecipientAmount

ROMAN CATHOLIC DIOCESE OF HELENA

Org PageRecipient Profile

Helena, MT

PURPOSE: UNRESTRICTED DONATION TO THE MINISTRY

$15,040

ROMAN CATHOLIC DIOCESE OF HELENA

Org PageRecipient Profile

Helena, MT

PURPOSE: FUNDING TO ASSIST CLINICA MAXENA FOR PROVIDING MEDICAL CARE

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Foundation For The Diocese Of Helena Inc has recieved totaling $600,000.

Awarding OrganizationAmount
Montana Community Foundation Inc

Helena, MT

PURPOSE: PARISH REMODEL

$300,000
Montana Community Foundation Inc

Helena, MT

PURPOSE: PARISH REMODEL

$300,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$32,219,685
Earnings$7,134,316
Admin Expense$326,420
Net Contributions$383,134
Other Expense$1,409,722
Ending Balance$38,000,993

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