Overview
What is Catholic United Financial Foundation?
Catholic United Financial Foundation is a nonprofit organization committed to supporting the spiritual, educational, and social needs of the Catholic community, particularly in areas where Catholic United Financial has a significant presence. The foundation provides financial assistance through various programs, including grants for technology and chastity education in Catholic schools and parishes, scholarships for seminarians, and disaster relief aid. Additionally, the foundation offers charitable gift annuities, donor-advised funds, and other financial instruments to its members. By integrating charitable giving into their overall financial strategies, the foundation aims to help its members achieve their charitable goals while practicing sound, conservative fiscal management. The foundation also assists parishes and cemeteries with long-term and endowment management through its organizational advised funds program. In 2022, the foundation provided nearly $3.4 million in support to charitable organizations, churches, and schools across the Upper Midwest.
Official website here: www.catholicunited.org
Is Catholic United Financial Foundation legitimate?
Catholic United Financial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic United Financial Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.catholicunited.org
What is the mission statement of Catholic United Financial Foundation?
The Catholic United Financial Foundation, inspired by Christian values, serves its donors, employees, and supporters of Catholic United Financial by being financially accountable and aligned with the church's mission. The foundation supports Catholic schools and parishes by providing grants for technology and chastity education. It also extends a Catholic presence during natural disasters through financial aid. Furthermore, the foundation assists in offsetting the cost of educating and training men for the priesthood.
Official website here: www.catholicunited.org
Who is the CEO of Catholic United Financial Foundation?
Robert Heuermann is the Executive Director of Catholic United Financial Foundation.
Official website here: www.catholicunited.org
What is the revenue of Catholic United Financial Foundation?
Catholic United Financial Foundation's revenue in 2022 was $9,669,959.
Official website here: www.catholicunited.org
Who are the executives of Catholic United Financial Foundation and what are their salaries?
- Robert Heuermann (Executive Director)
- Michael Ahles (President) [Trustee/Director]
- Paul Zastrow (Sr. Vp/Sec/Treasurer) [Trustee/Director]
- Harald E Borrmann (Board Member) [Trustee/Director]
- Jean Hart (Board Member) [Trustee/Director]
- William Lucas (Board Member) [Trustee/Director]
- Michael F Mcgovern (Board Member) [Trustee/Director]
- Susan Stenzel (Board Member) [Trustee/Director]
- James Wensel (Board Member) [Trustee/Director]
- Mark Zeman (Board Member) [Trustee/Director]
- Frances M Barten (Ex-Officio Emeritus) [Trustee/Director]
- Joseph F Kueppers (Ex-Officio Emeritus) [Trustee/Director]
- Deborah M Pauly (Ex-Officio Emeritus) [Trustee/Director]
- Fr Thomas Thompson (Spiritual Advisor) [Trustee/Director]
Official website here: www.catholicunited.org
Where can I find the form 990 for Catholic United Financial Foundation?
The Catholic United Financial Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.catholicunited.org
Learn more at the official website: www.catholicunited.org
Mission Statement of Catholic United Financial Foundation
Catholic United Financial Foundation, inspired by the teachings of Jesus Christ, serves the members, employees, and supporters of Catholic United Financial, a not-for-profit fraternal benefit association, by being accountable to its donors and remaining faithful to the church's mission. The foundation's primary objective is to support the spiritual, educational, and social needs of the Catholic community where Catholic United Financial has a significant presence.
To accomplish this, Catholic United Financial Foundation provides financial assistance to Catholic schools and parishes through technology and chastity education grants. The grants aim to enhance the quality of education and promote moral values within these institutions. Furthermore, the foundation extends its support to communities impacted by natural disasters by offering financial aid. This aid serves as a tangible expression of the Catholic faith's compassion and solidarity.
Additionally, Catholic United Financial Foundation contributes towards the cost of educating and training men for the priesthood. By financially supporting seminaries and related programs, the foundation helps ensure a steady supply of spiritual leaders for the Catholic community. In doing so, it plays a vital role in strengthening the faith and fostering spiritual growth within the community.
Impact
This information is meant to be a general summary of Catholic United Financial Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Catholic United Financial Foundation's impact is significant and far-reaching. The Foundation supports financially the spiritual, educational, and social needs of the Catholic community in areas where Catholic United Financial has a major presence.
In 2022, the Foundation's grant program provided 138 grants to Catholic schools and parishes for technology and chastity & abstinence programs, totaling $79,353. Since 2001, the Foundation has awarded over $1.2 million through more than 2,260 grants to Catholic schools, parishes, and religious education programs. The Schuler Seminarian Fund provided 171 seminarians with $68,900 in scholarship support to aid in their continuing education towards becoming a priest. Since 1998, the Foundation has awarded over $1 million to seminarians pursuing their calling towards ordination.
Additionally, the Foundation's Catholic United Disaster Response program assists victims of natural disasters, providing education and support to community members and organizations so they can assist themselves and others in need following natural disasters. The Foundation also offers charitable gift annuities, donor-advised funds, charitable deferred annuities, and charitable life insurance to Catholic United Financial members, integrating giving into their overall financial strategy.
In 2022, the Foundation's efforts provided almost $3.4 million in support of charitable organizations, churches, and schools across the Upper Midwest. Inspired by the Gospel of Jesus Christ, the Foundation serves the members, employees, and friends of Catholic United Financial by being accountable to donors, supporting Catholic schools and parishes, bringing a Catholic presence to natural disasters, and supplementing the cost of educating and training men for the priesthood.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1997
Phone
(651) 765-4135
Principal Officer
Robert Heuermann
Main Address
3499 LEXINGTON AVENUE NORTH, ST PAUL, MN, 55126
Website
www.catholicunited.org
NTEE Category
Code: T120 - Philanthropy
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