Types of Funds

Whether you’re looking to share your blessings where they are most needed or plan an enduring future for your Catholic organization, we’re here to help. Find out which of the variety of services offered by the Catholic Foundation of Michigan is right for you.

Endowment Fund

When you open an endowment fund, you light a flame for the future. The Catholic Foundation of Michigan helps to tend the fire, and assures that its light continues to shine: a permanent, growing fund, which will provide everlasting financial support for your parish, school, or ministry. 

The Catholic Foundation of Michigan makes it simple for a parish, school, or nonprofit to establish or maintain an endowment and plan for an enduring future. Using your brand and identity, we’ll work together to create a custom plan and identify and cultivate donors in new ways. These gifts will generate a stable and predictable income you can depend on for years to come.

Donor Advised Fund

Many donors prefer to simplify giving with a donor advised fund. Transfer cash or securities into your fund at any time, and, at a later date convenient for you, advise the Catholic Foundation of Michigan to distribute funds to your selected charities through our online donor portal.

Donors receive an immediate tax benefit upon transferring assets into the fund, regardless of when you decide to distribute the funds. Our fund administration rates are comparable to others offering similar secular services.

Family and Private Foundations

Sometimes the management of a family or private foundation may become burdensome. The Catholic Foundation of Michigan can administer the foundation, recommend charities for grants, and provide financial reporting.

Family Funds or Family Foundations: Factors to Consider

Scholarship Funds

Support promising and deserving students by assisting them with the cost of their education. Individuals, organizations, and companies can establish unique scholarships to honor or memorialize a loved one. The Catholic Foundation manages the fund and distributes the award directly to the school on behalf of the recipient(s). Once established, anyone can contribute to a scholarship fund.

Contribute to an Existing Fund

The Catholic Foundation of Michigan will accept one-time, reoccurring, or planned gifts of money, securities, retirement plan assets, fully paid life insurance policies, and more. Gifts may be given to a specific fund or designated for gifting by the foundation. Contact us or donate online with any major credit card.

Administrative Fees for all Funds

“No one after lighting a lamp puts it under the bushel basket, but on the lampstand, and it gives light to all in the house.”
—Matthew 5:15

Igniting Hearts.

Invest. Serve. Grow.

Catholic Foundation of Michigan

1145 W. Long Lake Road, Suite 201
Bloomfield Hills, MI 48302

Phone: 248.204.0332