Catholic Financial Life Foundation, Inc. | Catholic Financial Life

Catholic Financial Life Foundation

Mission

The Foundation, rooted in the Catholic and fraternal values of stewardship, service, and concern for others, seeks to strengthen Catholic Financial Life, our church, and society by:

  • Providing resources to advance the mission of Catholic parishes and organizations,
  • Supporting the charitable outreach of our branches,
  • Educating members about philanthropy and planned giving, and
  • Providing financial vehicles to help members accomplish their philanthropic objectives.

Fulfilling the Mission

The Foundation was formed in 2006 as a benefit to Catholic Financial Life members. As stated in the Foundation’s mission statement, we make donations to benefit Catholic parishes and organizations, and we help members to accomplish their philanthropic objectives in one of two ways:

  • By helping them to establish their own funds within the foundation to benefit a specific school or church; or
  • By providing already established funds they can make donations to in order to benefit specific types of charities or charitable causes.

Through the Catholic Financial Life Foundation, $250,000 is awarded annually to nearly 1,000 families in educational scholarships.

Available Funds

The Foundation has several different types of funds within it.

The unrestricted fund allows the Foundation’s Board of Directors to make grants to qualified organizations that fit within the Foundation’s mission. The Foundation currently is not making grants from unrestricted funds.

Field of interest funds are funds from which donations benefit a specific cause. Currently, the Foundation has two of these funds: one benefiting seminarians and the other benefiting students. Grants made from these funds are used only for these purposes.

A donor-advised fund allows the donor to recommend organizations as beneficiaries to the Foundation’s Board of Directors.

A donor-designated fund allows the donor to designate the beneficiary such as a particular school or church.

Contact Us

To learn more about the Catholic Financial Life Foundation, contact John Borgen at 800-927-2547, ext. 6608 or 414-278-6608

Frequently Asked Questions

Is my gift to the Foundation tax deductible?

Yes. According to the IRS the Catholic Financial Life Foundation is a 501(c)(3) organization and all donations made to it are tax deductible to the fullest extent allowed by law.

Does the Foundation only accept large gifts?

No! The Foundation accepts gifts of all sizes. While there is a minimum amount needed to establish specific funds, there is no minimum amount needed to make donations to the unrestricted fund or to the Seminarian and Catholic School Field of Interest funds.

What types of gifts does the Foundation accept?

The Foundation accepts gifts of cash, life insurance, annuities, stock and property. Gifts of property are reviewed by our gift acceptance committee in accordance with our gift acceptance policies and procedures.

What is the minimum amount needed to establish a Donor Advised or a Donor Designated fund?

The minimum to establish these types of funds is $25,000. The gift can be in the form of cash, life insurance, annuities, stock or property.
 

Do you accept gifts in honor or memory of individuals?

Yes! Gifts may be made to honor an individual or individuals, living or deceased. Those individuals being honored or memorialized will be remembered in prayer at Mass held quarterly at All Saints Chapel located in the Catholic Financial Life home office.

How do I make a gift to the Foundation?

To make an immediate gift of cash, send it to:

Catholic Financial Life
1100 West Wells Street
Milwaukee, WI 53233

To make a gift of life insurance, annuities, stock or property contact the John Borgen, Senior Vice President of Catholic Financial Life, at 800-927-2547, ext. 6608 or 414-278-6608 or john.borgen@catholicfinanciallife.org.

If you would like to name the Foundation as a beneficiary of a life insurance policy or annuity certificate, discuss this with your financial services representative or contact the Foundation at 800-927-2547, ext. 6608 or 414-278-6608.

Foundation Board of Directors

  • John Borgen, President
  • Kerry Riemer, Treasurer
  • Joseph Gadbois, Director
  • Rick Kremel, Director
  • William O'Toole, Director

 

Contact Us

Catholic Financial Life
1100 West Wells Street
Milwaukee, WI 53233

(800) 927-2547

Hours: (Central Time)
8am-4:30pm, M, T, Th & F
8am-6pm, Wednesdays
service@catholicfinanciallife.org

 

© 2018 Catholic Financial Life All Rights Reserved
1100 W. Wells Street, Milwaukee, WI 53233 (800) 927-2547
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