Catholic Foundation Of Michigan

Organization Overview

Catholic Foundation Of Michigan is located in Bloomfield Hills, MI. The organization was established in 2017. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Catholic Foundation Of Michigan employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Foundation Of Michigan 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 12/2021, Catholic Foundation Of Michigan generated $12.6m in total revenue. All expenses for the organization totaled $4.0m during the year ending 12/2021.

Since 2017, Catholic Foundation Of Michigan has awarded 191 individual grants totaling $6,393,033. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CATHOLIC FOUNDATION OF MICHIGAN INSPIRES AND UNITES CATHOLICS IN CHARITABLE GIVING IN LINE WITH THEIR FAITH. WE ASSIST DONORS IN PROVIDING FOR THE LONG-TERM NEEDS OF THE MINISTRIES OF SOUTHEAST MICHIGAN BY PROVIDING SOCIALLY/MORALLY RESPONSIBLE CHARITABLE TOOLS SUCH AS DONOR ADVISED FUNDS, SCHOLARSHIPS, AND ENDOWMENTS TO BENEFIT PARISHES, SCHOOLS, AND NONPROFITS TO BUILD A SUSTAINABLE PHILANTHROPIC PLAN IN LINE WITH CATHOLIC TEACHINGS. IN 2021 60 NEW FUNDS WERE ESTABLISHED TO PROVIDE BENEFIT TO THE COMMUNITY. AT THE CLOSE OF YEAR, 246 NON PROFITS BENEFITED FROM COMPETITIVE AND DONOR DIRECTED GRANTS TOTALING $3,156,732.


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Board, Officers & Key Employees

Name (title)Compensation
Angela Moloney
President & CEO
$127,472
Christopher Dine
Secretary
$0
Patrick Fehring
Chair
$0
Harry Cendrowski
Treasurer
$0
Bruce Barron
Director
$0
Beverly Beltramo
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $136,994
All other contributions, gifts, grants, and similar amounts not included above$11,745,577
Noncash contributions included in lines 1a–1f $2,856,802
Total Revenue from Contributions, Gifts, Grants & Similar$11,882,571
Total Program Service Revenue$0
Investment income $581,161
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $47,681
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,618,743

Grants Awarded

Over the last fiscal year, Catholic Foundation Of Michigan has awarded $2,666,654 in support to 63 organizations.

Grant RecipientAmount

UNIVERSITY OF DETROIT JESUIT HIGH SCHOOL AND ACADEMY

PURPOSE: GENERAL SUPPORT

$1,016,000

INTERNATIONAL SAMARITAN

Org PageRecipient Profile

Ann Arbor, MI

PURPOSE: GENERAL SUPPORT

$119,746

ASCENSION ST JOHN FOUNDATION

Org PageRecipient Profile

St Louis, MO

PURPOSE: GENERAL SUPPORT

$105,000

EAST AFRICAN CHILDREN'S FUND

Org PageRecipient Profile

St Clair Shores, MI

PURPOSE: GENERAL SUPPORT

$90,000

ST FRANCES CABRINI CLINIC

PURPOSE: GENERAL SUPPORT

$82,390

HOLY REDEEMER GRADE SCHOOL

Org PageRecipient Profile

Detroit, MI

PURPOSE: GENERAL SUPPORT

$79,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Catholic Foundation Of Michigan has recieved totaling $3,000.

Awarding OrganizationAmount
The Butzel Long Charitable Trust

Detroit, MI

PURPOSE: THE CATHOLIC FOUNDATION OF MICHIGAN INSPIRES CHARITABLE GIVING AND ASSISTS DONORS IN PROVIDING FOR THE LONG-TERM NEEDS OF THE CATHOLIC PARISHES AND SCHOOLS.

$3,000
View Grant Recipient Profile

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