Catholic Spirit: Foundations seen as way for dioceses to fund local needs

More U.S. dioceses are turning to foundations to help meet their financial and fundraising priorities. And foundation executives in the diocesan realm believe they’ve only begun to tap into the potential for these gifts.
Dan McKune, executive director of Catholic Community Foundation of Mid-Michigan, which covers the Diocese of Saginaw, said Catholic donors are used to giving to an annual diocesan appeal or a school fund. “But we still are not where we want to be,” he said. “Our donor base is about 1,000 people, and they’ve been very, very good givers.” However, he thinks the foundation could attract and retain 2,500 donors — and possibly twice that.
The way the Saginaw foundation is set up, it “deals more in perpetual-type funds,” McKune said. “Once the money goes [to the foundation], you don’t ask for it back.”
Anne Cullen Miller, executive director of the St. Paul-based Catholic Community Foundation of Minnesota, said a Catholic community foundation provides a way to diversify fundraising strategies, moving beyond an annual appeal and weekly giving.