The Catholic Foundation of Michigan will award $88,500 in grants to southeastern Michigan parishes, schools and community nonprofit organizations during the Foundation’s 2018 annual grant awards breakfast on December 11 at the Detroit Athletic Club.

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“Thanksgiving is a time of reflection and giving thanks. As a person grows older, you reflect on your life, give thanks and think upon what you can do to make the future better.” a Catholic Foundation donor reflects.

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Change breeds uncertainty, but it also creates an opportunity to evolve. With the enactment of the 2017 Tax Cuts and Jobs Act, we have seen plenty of change. One constant, however, is the human desire to create a lasting impact in the lives of others.

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One of the most tax-effective giving strategies for this past year has been the Charitable IRA Rollover. Did you know that if you are 70½ or older that you can transfer up to $100,000 to an endowment fund at the Catholic Foundation directly from an IRA?

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The St. Oscar Romero Endowed Grant, established through the generosity of Holy Trinity Parish, Port Huron, is the first Latino-focused fund at the Catholic Foundation. The purpose of this permanent endowment is to strengthen the diverse Latino community of Michigan and contribute to the regions’s vitality by supporting issues and organizations that advance the socioeconomic status of Latinos, while enhancing the spiritual and leadership capacity of the entire Latino community.

2019 Grants will be awarded parishes, schools, and nonprofit organizations that improve the quality of life in the Northeast Region of the Archdiocese of Detroit.

Contribute to the St. Oscar Romero Grant Fund

On October 14, Msgr. Oscar Romero and Pope Paul VI will be canonized. “Without these two saints, Catholic mission work would be so different,” asserted Msgr. James Moloney, Mission Director of the Propagation of the Faith for the Archdiocese of Detroit.

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As a young couple, Mike and Debbie Bloomgren’s budget was often stretched. “There were times when we thought we weren’t sure how we would make it,” they recalled.

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By Kristen Andree

Nearly 60 professionals attended the charitable planning seminar hosted by the Catholic Foundation of Michigan and the Giarmarco, Mullins, & Horton, P.C. Trusts and Estates Practices Group on September 20 at Manresa Jesuit Retreat Center.

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The Catholic Foundation of Michigan – one of the state’s most innovative lay-led Catholic nonprofit and an organization that facilitates multi-generational giving in line with the U.S. Conference of Bishops guidelines – today announced the appointment of two new members to its Board of Directors.

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Sometimes the management of a family or private foundation can become burdensome. At the Catholic Foundation, we are here to help. We can provide our distribution, reporting, or grant-making services via a grant from your private foundation that establishes a philanthropic fund at the Catholic Foundation, or via a conversion of your private foundation into a fund or support organization of the Catholic Foundation.

Working with the Catholic Foundation often affords greater tax advantages and distribution flexibility and relieves you of the costly and time-consuming record-keeping and reporting responsibilities. The Catholic Foundation can offer personalized services for your family to help discern where God is calling you to share your gifts. You will be part of a larger faith community that sits at the center of Catholic philanthropy in southeast Michigan.

We’ve recently created a resource to help you think through the factors related to establishing or converting a family foundation or a family fund. Take a look today, and then be in touch!