EIN 41-1893463

Catholic United Financial Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1997
Most recent tax filings
2023-12-01
Description
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,- su...
Related structure
Catholic United Financial Foundation is a subordinate organization under Catholic United Financial.
Also known as...
Catholic Aid Association Foundation
Total revenues
$9,073,701
2023
Total expenses
$10,686,636
2023
Total assets
$42,059,307
2023
Num. employees
0
2023

Program areas at Catholic United Financial Foundation

In 2023, the Foundation grant program provided 26 grants to Catholic schools and parishes for technology and chastity & abstinence programs amounting to $14,830. Since 2001, more than $1.2 million has been awarded in through more than 2,286 grants to Catholic schools, parishes, and religious education programs. The Foundation's schuler seminarian fund provided 176 seminarians with $71,440 in scholarship support to aid in their continuing education towards becoming a priest. Since 1998, more than $1 million has been awarded to seminarians pursuing their calling towards ordination. The Foundation's Catholic United disaster response assists victims from natural disasters. The disaster response program has 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. The disaster relief program is taking the place of this response activities where we will continue providing Financial support to all people in need due to natural disasters regardless of race, creed and/or religion. 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. The program grants and distributions from these efforts provided almost $10 million in support of charitable organizations, churches and schools across the upper midwest in 2023.

Grants made by Catholic United Financial Foundation

GranteeGrant descriptionAmount
Catholic United Financial FoundationOrganizational Support$735,431
St Augustine Catholic ChurchParish Support$305,566
Church of St AnnParish Support$156,572
...and 8 more grants made

Who funds Catholic United Financial Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Catholic United Financial FoundationOrganizational Support$735,431
Mightycause Charitable FoundationUnrestricted$7,390

Financials for Catholic United Financial Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$8,329,296
Program services$0
Investment income and dividends$673,597
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$78,468
Net income from fundraising events$-7,660
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$9,073,701
Data update history
February 23, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 6, 2025
Received grants
Identified 2 new grant, including a grant for $735,431 from Catholic United Financial Foundation
October 12, 2024
Updated personnel
Identified 3 new personnel
December 31, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 24, 2023
Received grants
Identified 2 new grant, including a grant for $130,039 from Catholic United Financial Foundation
Nonprofit Types
Grantmaking organizationsMutual assistance organizationsChapter / child organizationsCharitiesDonor Advised Funds (DAFs)
Issues
Religion
Characteristics
Funds one specific organizationReligiousChristianOperates donor advised fundsFundraising eventsEndowed supportCommunity engagement / volunteeringProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donationsLegally formed as corporation
General information
Address
3499 Lexington Ave North
Saint Paul, MN 55126
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Ramsey County, MN
Website URL
catholicunitedfinancial.org/ 
Phone
(651) 765-4135
IRS details
EIN
41-1893463
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
X11: Religion-Related Single Organization Support
NAICS code, primary
525120: Health and Welfare Funds
Parent/child status
Subordinate organization
Free account sign-up

Want updates when Catholic United Financial Foundation has new information, or want to find more organizations like Catholic United Financial Foundation?

Create free Cause IQ account