Dear friends of the Catholic Foundation of Michigan,In a spirit of joy and gratitude we are pleased to share with you “Year One” – the first Annual Report for the Catholic Foundation of Michigan. What a grace-filled year it has been!
Our report highlights the successes and supporters of the first six months of the Foundation’s existence. Year One was a time of establishing the Foundation, providing the groundwork upon which to grow. The Foundation worked closely with donors and organizations to establish 25 socially and morally responsible new funds totaling over $4 million in investments aligned with the Catholic faith.
The Catholic Foundation of Michigan has worked diligently to keep our administrative costs low. In 2017 the Foundation’s fundraising costs were 7.5% of each dollar we raised to make an impact in southeastern Michigan Catholic ministries.
And we are already returning funds to the community. In 2017, we granted $75,000 to area parishes, schools and ministries to strengthen their missionary efforts. In the first quarter of 2018 we’ve already granted $250,000 to ministries propagating the Catholic faith and serving those most in need within the Archdiocese of Detroit.
We look forward to monumental growth in 2018, and we are immensely grateful for your partnership, support and generosity. Our work is just beginning, and it wouldn’t be possible without you.
Our Founders’ Circle remains open through 2018. Individuals who contribute $5,000 for five years to support the Foundation during its formative years will be remembered in perpetuity. Please consider joining us.