2024-10-23T13:33:16-05:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2023-01-01 814107324 CATHOLIC FOUNDATION OF MICHIGAN CATH 2482040332 1145 W LONG LAKE ROAD 201 BLOOMFIELD HILLS MI 48302 ANGELA MOLONEY PRESIDENT & CEO 2482040332 2024-10-22 1 1 TROY MARINE CPA P00187863 4147775500 2024-10-22 2023 2024-10-15 13:58:12Z ANGELA MOLONEY 1145 W LONG LAKE ROAD 201 BLOOMFIELD HILLS MI 48302 15041670 0 X CATHOLICFOUNDATIONMICHIGAN.ORG X 2016 MI THE CATHOLIC FOUNDATION OF MICHIGAN INSPIRES GENEROSITY TO SUPPORT THE SPIRITUAL, EDUCATIONAL AND SOCIAL NEEDS OF OUR CATHOLIC COMMUNITY.WE ASSIST DONORS IN PROVIDING FOR THE LONG-TERM NEEDS OF THE CATHOLIC MINISTRIES OF SOUTHEAST MICHIGAN BY PROVIDING SOCIALLY/MORALLY RESPONSIBLE CHARITABLE TOOLS SUCH AS DONOR ADVISED FUNDS AND ENDOWMENTS TO BENEFIT PARISHES, SCHOOLS AND NONPROFITS. WE WORK WITH PARISHES, SCHOOLS, AND NONPROFITS TO BUILD A SUSTAINABLE PHILANTHROPIC PLAN IN LINE WITH CATHOLIC TEACHINGS. 33 32 6 31 0 0 19154371 7590470 0 0 1044078 1384524 116908 219808 20315357 9194802 6449741 4993826 0 0 465961 440863 0 0 9928 426848 630418 7342550 6065107 12972807 3129695 38406383 48191733 23628727 26683244 14777656 21508489 THE CATHOLIC FOUNDATION OF MICHIGAN INSPIRES CHARITABLE GIVING AND ASSISTS DONORS IN INVESTING IN THE FUTURE OF CATHOLIC PARISHES, SCHOOLS AND NONPROFIT ORGANIZATIONS. 0 0 5332670 4993826 THE CATHOLIC FOUNDATION OF MICHIGAN INSPIRES PHILANTHROPY AND UNITES CATHOLICS IN CHARITABLE GIVING IN LINE WITH THEIR FAITH. WE ASSIST DONORS IN PROVIDING FOR THE LONG-TERM NEEDS OF THE MINISTRIES OF MICHIGAN BY PROVIDING SOCIALLY/MORALLY RESPONSIBLE CHARITABLE TOOLS SUCH AS DONOR ADVISED FUNDS, SCHOLARSHIPS, AND ENDOWMENTS TO BENEFIT PARISHES, SCHOOLS, AND NONPROFITS TO BUILD A SUSTAINABLE PHILANTHROPIC PLAN IN LINE WITH CATHOLIC TEACHINGS. IN 2023, 16 NEW FUNDS WERE ESTABLISHED TO PROVIDE BENEFIT TO THE COMMUNITY. AT THE CLOSE OF YEAR, 242 NON PROFITS BENEFITED FROM COMPETITIVE AND DONOR DIRECTED GRANTS IN ADDITION TO ENDOWMENT DISTRIBUTIONS TOTALING $4,993,826. 5332670 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 33 32 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X X ANGELA MOLONEY 2482040332 1145 W LONG LAKE ROAD STE 201 BLOOMFIELD HILLS MI 48302 ANGELA MOLONEY PRESIDENT & CEO 40.00 0.00 X X 133942 0 43312 CHRIS ALLEN CHAIR 4.00 0.00 X X 0 0 0 DON KUNZ SECRETARY 4.00 0.00 X X 0 0 0 HARRY CENDROWSKI TREASURER 4.00 0.00 X X 0 0 0 BEVERLY BELTRAMO DIRECTOR 4.00 0.00 X 0 0 0 SCOTT BENNETT DIRECTOR 4.00 0.00 X 0 0 0 ROSANNE BOMMARITO BRUGNONI DIRECTOR 4.00 0.00 X 0 0 0 REV JEFFREY DAY DIRECTOR 4.00 0.00 X 0 0 0 GREGORY DEMARS DIRECTOR 4.00 0.00 X 0 0 0 BRIAN DEMKOWICZ DIRECTOR 4.00 0.00 X 0 0 0 DONALD ENGLE DIRECTOR 4.00 0.00 X 0 0 0 THOMAS FABBRI DIRECTOR 4.00 0.00 X 0 0 0 MATTHEW FARRELL DIRECTOR 4.00 0.00 X 0 0 0 GREGORY FISHER DIRECTOR 4.00 0.00 X 0 0 0 JOHN HALE DIRECTOR 4.00 0.00 X 0 0 0 NICOLE FRANZEN KUKLEWSKI DIRECTOR 4.00 0.00 X 0 0 0 GENE LOVASCO DIRECTOR 4.00 0.00 X 0 0 0 MICHAEL MADISON DIRECTOR 4.00 0.00 X 0 0 0 KATHLEEN MCCANN DIRECTOR 4.00 0.00 X 0 0 0 CATHERINE MCNAMARA DIRECTOR 4.00 0.00 X 0 0 0 FRANK MIGLIAZZO DIRECTOR 4.00 0.00 X 0 0 0 DOUG NOBLE DIRECTOR 4.00 0.00 X 0 0 0 STEPHANIE QUESNELLE DIRECTOR 4.00 0.00 X 0 0 0 FRANK RONEY DIRECTOR 4.00 0.00 X 0 0 0 ANTHONY SCHENA DIRECTOR 4.00 0.00 X 0 0 0 THOMAS SCHOLLER DIRECTOR 4.00 0.00 X 0 0 0 MARIA SCOTT DIRECTOR 4.00 0.00 X 0 0 0 ANDREW SHMINA DIRECTOR 4.00 0.00 X 0 0 0 MOST REV ALLEN VIGNERON DIRECTOR 4.00 0.00 X 0 0 0 MICHAEL VLASIC DIRECTOR 4.00 0.00 X 0 0 0 STEFAN WANCZYK DIRECTOR 4.00 0.00 X 0 0 0 DANIEL WEINGARTZ DIRECTOR 4.00 0.00 X 0 0 0 AARON WILKERSON DIRECTOR 4.00 0.00 X 0 0 0 133942 0 43312 1 0 1 0 0 7590470 5042875 7590470 939614 939614 6291778 5846868 444910 444910 444910 ADMINISTRATIVE FEES 900099 219808 219808 219808 9194802 219808 0 1384524 4993826 4993826 177254 108285 65421 3548 157382 96146 58087 3149 27699 16922 10223 554 52211 31896 19270 1045 26317 16077 9713 527 13928 11142 2786 31095 31095 272075 272075 9037 9037 19553 11945 7217 391 9295 5678 3431 186 1012 1012 22638 13830 8355 453 ADMINISTRATIVE FEES - A 219808 219808 PAYMENT PROCESSING 21576 21576 MISCELLANEOUS 5077 3047 2030 SUPPLIES 2201 1345 812 44 3123 955 2137 31 6065107 5332670 722509 9928 234510 237973 0 99132 795270 0 22576 19690 37354027 47834938 38406383 48191733 30162 3744 23598565 26679500 23628727 26683244 X 14777656 21508489 14777656 21508489 38406383 48191733 3129695 3601138 0 X X 0 1 X 1 0 X 8909341 3961335 11882571 19154371 7590470 51498088 8909341 3961335 11882571 19154371 7590470 51498088 6373473 45124615 252003 326228 581161 847520 939614 2946526 45016 105904 107330 116908 219808 594966 55039580 0.81990 0.91410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68 170 6817011 5114634 2280848 3294519 9867789 37580959 1 1 0 ASSETS HELD FOR OTHERS 26679500 26679500 X 11890076 3601138 13300 3614438 8275638 109437 809727 919164 9194802 5159243 13300 13300 5145943 109437 809727 919164 6065107 PART X, LINE 2: CATHOLIC FOUNDATION OF MICHIGAN IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. CATHOLIC FOUNDATION OF MICHIGAN FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON THE TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE,CATHOLIC FOUNDATION OF MICHIGAN MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. CATHOLIC FOUNDATION OF MICHIGAN DOES NOT BELIEVE THAT IT HAS ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2023 AND 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTIONS - ASSETS HELD FOR OTHERS -2,522,713. UNREALIZED GAINS/LOSSES - ASSETS HELD FOR OTHERS 2,729,753. INVESTMENT INCOME - ASSETS HELD FOR OTHERS 602,687. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT EXPENSES - ASSETS HELD FOR OTHERS 427,281. ADMINISTRATIVE FEES - ASSETS HELD FOR OTHERS 219,808. INVESTMENT FEES - ASSETS HELD FOR OTHERS 162,638. 1 ACTS XXIX 38695 SEVEN MILE ROAD LIVONIA MI 48152 832022424 501(C) (3) 221000 0 GENERAL SUPPORT ALTERNATIVES FOR GIRLS 903 WEST GRAND BOULEVARD DETROIT MI 48208 382766412 501(C) (3) 7000 0 GENERAL SUPPORT ANGELS' PLACE 29299 FRANKLIN ROAD SUITE 2 SOUTHFIELD MI 48034 383068201 501(C) (3) 25300 0 GENERAL SUPPORT ARCHDIOCESE OF DETROIT CENTRAL OFFICE 12 STATE STREET DETROIT MI 48226 381359274 501(C) (3) 111000 0 GENERAL SUPPORT ARCHDIOCESE OF DETROIT CSA 13 STATE STREET DETROIT MI 48226 381359274 501(C) (3) 43250 0 GENERAL SUPPORT ART FOR GOD'S SAKE 9844 WOODWARD AVE DETROIT MI 48202 842055701 501(C) (3) 50000 0 GENERAL SUPPORT AUSTIN CATHOLIC HIGH SCHOOL 25925 23 MILE ROAD NEW BALTIMORE MI 48051 261484108 501(C) (3) 149297 0 GENERAL SUPPORT BROTHER RICE HIGH SCHOOL 7101 LAHSER ROAD BLOOMFIELD HILLS MI 48301 260805844 501(C) (3) 316000 0 GENERAL SUPPORT BUILDING BRIDGES 3475 DOROTHEA CT TROY MI 48084 383489204 501(C) (3) 15000 0 GENERAL SUPPORT CATHEDRAL OF THE MOST BLESSED SACRAMENT 9844 WOODWARD AVENUE DETROIT MI 48202 381359242 501(C) (3) 74009 0 GENERAL SUPPORT CATHOLIC CHARITIES OF SOUTHEAST MICHIGAN 24445 NORTHWESTERN HWY SUITE 200 SOUTHFIELD MI 48075 453623184 501(C) (3) 5551 0 GENERAL SUPPORT CATHOLIC FOUNDATION OF SOUTHWESTERN MICHIGAN 215 N WESTNEDGE AVE KALAMAZOO MI 49007 453623184 501(C) (3) 1065000 0 GENERAL SUPPORT CATHOLIC RELIEF SERVICES 228 W LEXINGTON ST BALTIMORE MD 21201 135563422 501(C) (3) 5500 0 GENERAL SUPPORT CHRIST CHILD HOUSE OF DETROIT 15751 JOY ROAD DETROIT MI 48228 381404582 501(C) (3) 30000 0 GENERAL SUPPORT CORNERSTONE SCHOOLS FOUNDATION 7401 EMILY ST DETROIT MI 48234 383326860 501(C) (3) 28000 0 GENERAL SUPPORT CORPUS CHRISTI CHURCH 19800 PEMBROKE DETROIT MI 48219 204998848 501(C) (3) 7035 0 GENERAL SUPPORT CROSS CATHOLIC OUTREACH 2700 N MILITARY TRAIL SUITE 300 BOCA RATON FL 33427 651156061 501(C) (3) 250000 0 GENERAL SUPPORT CROSSROADS OF MICHIGAN 2424 W GRAND BLVD DETROIT MI 48208 382539852 501(C) (3) 10000 0 GENERAL SUPPORT DAMASCUS CATHOLIC MISSION CAMPUS 7550 RAMEY ROAD CENTERBURG OH 43011 208398029 501(C) (3) 5100 0 GENERAL SUPPORT DE LA SALLE COLLEGIATE 14600 COMMON ROAD WARREN MI 48088 381374227 501(C) (3) 9687 0 GENERAL SUPPORT DETROIT CRISTO REY HIGH SCHOOL 5679 VERNOR HIGHWAY DETROIT MI 48209 263176934 501(C) (3) 17550 0 GENERAL SUPPORT DIVINE CHILD HIGH SCHOOL 1001 N SILVERY LANE DEARBORN MI 48218 381549120 501(C) (3) 52952 0 GENERAL SUPPORT DOMINICAN SISTERS OF MARY MOTHER OF THE EUCHARIST 4597 WARREN ROAD ANN ARBOR MI 48105 383349686 501(C) (3) 32800 0 GENERAL SUPPORT EVANS SCHOLARS FOUNDATION ONE BRIAR ROAD GOLF IL 60029 362518129 501(C) (3) 35000 0 GENERAL SUPPORT FELICIAN SISTERS OSF OF LIVONIA 36800 SCHOOLCRAFT ROAD LIVONIA MI 48150 381359255 501(C) (3) 15000 0 GENERAL SUPPORT FELLOWSHIP OF CATHOLIC UNIVERSITY STUDENTS (FOCUS) GRANT PARK POINT GOLDEN CO 80401 841522811 501(C) (3) 15000 0 GENERAL SUPPORT FRIENDS OF CHESTERTON ACADEMY OF DETROIT 21400 S NUNNELEY ROAD CLINTON TOWNSHIP MI 48035 824891867 501(C) (3) 75000 0 GENERAL SUPPORT GESU CATHOLIC SCHOOL 17139 OAK DR DETROIT MI 48221 381367088 501(C) (3) 6954 0 GENERAL SUPPORT GUEST HOUSE INC 1601 JOSLYN ROAD LAKE ORION MI 48360 381557146 501(C) (3) 5012 0 GENERAL SUPPORT HOLY CROSS MISSION CENTER PO BOX 543 NOTRE DAME IN 46556 526044122 501(C) (3) 5100 0 GENERAL SUPPORT HOLY NAME CATHOLIC CHURCH 630 HARMON ST BIRMINGHAM MI 48009 381359274 501(C) (3) 15000 0 GENERAL SUPPORT HOLY REDEEMER GRADE SCHOOL 1711 JUNCTION DETROIT MI 48209 381358197 501(C) (3) 10950 0 GENERAL SUPPORT IMMACULATE CONCEPTION UKRAINIAN CATHOLIC SCHOOL 29500 WESTBROOK AVENUE WARREN MI 48092 383130951 501(C) (3) 150000 0 GENERAL SUPPORT INTERNATIONAL SAMARITAN 803 N MAIN ST ANN ARBOR MI 48104 341811907 501(C) (3) 123326 0 GENERAL SUPPORT KIDS ON THE GO 23500 PARE STREET ST CLAIR SHORES MI 48080 455450033 501(C) (3) 6000 0 GENERAL SUPPORT LIVINGSTON COUNTY CATHOLIC CHARITIES 2020 E GRAND RIVER 104 HOWELL MI 48843 382570420 501(C) (3) 5500 0 GENERAL SUPPORT LOYOLA HIGH SCHOOL 15325 PINEHURST DETROIT MI 48238 383107318 501(C) (3) 38263 0 GENERAL SUPPORT MADONNA UNIVERSITY 36600 SCHOOLCRAFT ROAD LIVONIA MI 48150 381498763 501(C) (3) 15852 0 GENERAL SUPPORT MAKE A WISH MICHIGAN 7600 GRAND RIVER AVE SUITE 175 BRIGHTON MI 48114 382505812 501(C) (3) 25000 0 GENERAL SUPPORT MARIAN HIGH SCHOOL 7225 LAHSER ROAD BLOOMFIELD HILLS MI 48301 381650600 501(C) (3) 10600 0 GENERAL SUPPORT MEN OF THE SACRED HEARTS 1130 TIENKEN COURT ROCHESTER HILLS MI 48306 382199769 501(C) (3) 10000 0 GENERAL SUPPORT MERCY HIGH SCHOOL 29300 W 11 MILE RD FARMINGTON MI 48336 382501739 501(C) (3) 20769 0 GENERAL SUPPORT MOST HOLY TRINITY PARISH 1050 PORTER DETROIT MI 48826 381358209 501(C) (3) 11000 0 GENERAL SUPPORT MUSCULAR DYSTROPHY ASSOCIATION 161 N CLARK SUITE 3550 CHICAGO IL 60601 131665552 501(C) (3) 25000 0 GENERAL SUPPORT OAKLAND UNIVERSITY JOHN DODGE HOUSE 507 GOLF VIEW LANE ROCHESTER MI 48309 381714400 501(C) (3) 28624 0 GENERAL SUPPORT ORDER OF MALTA AMERICAN ASSOCIATION LB1618 PO BOX 95000 PHILADELPHIA PA 19195 237095245 501(C) (3) 9154 0 GENERAL SUPPORT POPE FRANCIS CENTER 438 SAINT ANTOINE ST DETROIT MI 48226 812516039 501(C) (3) 37500 0 GENERAL SUPPORT PREGNANCY RESOURCE CENTER 415 CHERRY ST SE GRAND RAPIDS MI 49503 382591608 501(C) (3) 10353 0 GENERAL SUPPORT PROVINCE OF ST JOSEPH OF THE CAPUCHIN ORDER - SOUP KITCHEN 1820 MT ELLIOT DETROIT MI 48207 381525161 501(C) (3) 36000 0 GENERAL SUPPORT RACQUET UP DETROIT 6530 OUTER DRIVE W DETROIT MI 48235 272620275 501(C) (3) 50250 0 GENERAL SUPPORT REGINA HIGH SCHOOL 13900 MASONIC BLVD WARREN MI 48088 451710391 501(C) (3) 11847 0 GENERAL SUPPORT RIGHT TO LIFE OF MICHIGAN EDUCATIONAL FUND 2340 PORTER ST SW GRAND RAPIDS MI 49519 382647413 501(C) (3) 5500 0 GENERAL SUPPORT SACRED HEART MAJOR SEMINARY 2701 CHICAGO BLVD DETROIT MI 48206 381358214 501(C) (3) 10500 0 GENERAL SUPPORT ST ANDREW CATHOLIC CHURCH 1400 INGLEWOOD AVENUE ROCHESTER MI 48307 381367331 501(C) (3) 5500 0 GENERAL SUPPORT ST AUGUSTINESTMONICA CATHOLIC CHURCH 4151 SEMINOLE ST DETROIT MI 48214 382937518 501(C) (3) 6000 0 GENERAL SUPPORT ST CLEMENT OF ROME PARISH 343 SOUTH MAIN STREET ROMEO MI 48065 501(C) (3) 10500 0 GENERAL SUPPORT ST FABIAN CATHOLIC SCHOOL 32200 W TWELVE MILE ROAD FARMINGTON HILLS MI 48334 381842913 501(C) (3) 21583 0 GENERAL SUPPORT ST FABIAN PARISH 32200 W TWELVE MILE ROAD FARMINGTON HILLS MI 48334 381842913 501(C) (3) 18855 0 GENERAL SUPPORT ST FRANCES CABRINI CLINIC 1050 PORTER ST DETROIT MI 48226 822709088 501(C) (3) 82544 0 GENERAL SUPPORT ST JOAN OF ARC CATHOLIC CHURCH 22412 OVERLAKE ST SAINT CLAIR SHORES MI 48080 501(C) (3) 7000 0 GENERAL SUPPORT ST JOSEPH CATHOLIC CHURCH AND SCHOOL 715 N LAPEER ROAD LAKE ORION MI 48362 381415409 501(C) (3) 57000 0 GENERAL SUPPORT ST MARY CATHOLIC CENTRAL HIGH SCHOOL 108 WEST ELM AVENUE MONROE MI 48162 381357992 501(C) (3) 6000 0 GENERAL SUPPORT ST PAUL ON THE LAKE CATHOLIC CHURCH 157 LAKE SHORE ROAD GROSSE POINTE FARMS MI 48236 381367335 501(C) (3) 6000 0 GENERAL SUPPORT ST VINCENT DE PAUL DETROIT 3000 GRATIOT AVE DETROIT MI 48207 381359592 501(C) (3) 13117 0 GENERAL SUPPORT STE ANNE DE DETROIT 1000 STE ANNE STRETT DETROIT MI 48216 381359233 501(C) (3) 630000 0 GENERAL SUPPORT THE DETROIT INSTITUTE OF ARTS 5200 WOODWARD AVENUE DETROIT MI 48202 381359510 501(C) (3) 5500 0 GENERAL SUPPORT THE NATIONAL SHRINE OF THE LITTLE FLOWER ROMAN CATHOLIC BASILICA 2100 W 12 MILE ROAD ROYAL OAK MI 48073 381381291 501(C) (3) 60678 0 GENERAL SUPPORT UNIVERSITY OF DETROIT JESUIT HIGH SCHOOL AND ACADEMY 8400 S CAMBRIDGE DETROIT MI 48221 381360587 501(C) (3) 26500 0 GENERAL SUPPORT UNIVERSITY OF NOTRE DAME 724 GRACE HALL NOTRE DAME IN 46556 350868188 501(C) (3) 25000 0 GENERAL SUPPORT UNLEASH THE GOSPEL AT WORK 12 STATE STREET DETROIT MI 48226 922346262 501(C) (3) 7500 0 GENERAL SUPPORT VESTIARKI SISTERS OF JESUS 3919 VISTULA DRRIVE CHIPLEY FL 32428 501(C) (3) 10000 0 GENERAL SUPPORT WESTSIDE CHRISTIAN ACADEMY 9540 BRAMELL DETROIT MI 48239 383205955 501(C) (3) 20000 0 GENERAL SUPPORT WORD ON FIRE CATHOLIC MINISTRIES PO BOX 170 DES PLAINES IL 60016 261448551 501(C) (3) 15000 0 GENERAL SUPPORT 87 0 PART I, LINE 2: CATHOLIC FOUNDATION OF MICHIGAN KEEPS RECORDS FOR DONOR DIRECTED GRANTS. THE FOUNDATION VERIFIES WHETHER THEY ARE FULFILLING A PLEDGE OR NOT AND ALSO THAT THE GRANTS ARE CONSISTENT WITH CATHOLIC VALUES. GRANTS WERE MEASURED IN ACCORDANCE WITH THE FOLLOWING BASIC REQUIREMENTS: 1. THE MISSION, VALUES, AND BEHAVIORS IN LINE WITH CATHOLIC TEACHINGS 2. ORGANIZATION IS A U.S. 501(C)(3) WITH AUDITED FINANCIAL STATEMENTS 3. NONPROFIT ENTITIES IN MICHIGAN THAT SERVE COMMUNITIES PRIMARILY IN MICHIGAN WE DID NOT FUND THE FOLLOWING: - INDIVIDUALS - FUNDS DESIGNATED FOR ENDOWMENT, DEFICIT FINANCING, OR LOANS - PROGRAMS OPERATED TO BENEFIT FOR-PROFIT ORGANIZATIONS THE GRANT AND IMPACT COMMITTEE IS COMPRISED OF 10 CATHOLIC FOUNDATION VOLUNTEERS AND ANGELA MOLONEY, PRESIDENT AND CEO OF THE CATHOLIC FOUNDATION OF MICHIGAN. THE COMMITTEE REVIEWED ALL COMPETITIVE GRANT APPLICATIONS AND MADE A FINAL RECOMMENDATION. ALL GRANT RECOMMENDATIONS WERE PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL IN THE OCTOBER BOARD MEETING. COMPETITIVE GRANTS ARE REQUESTED THROUGH AN ONLINE GRANT PROGRAM. ORGANIZATIONS ANSWER VARIOUS QUESTIONS IN A LETTER OF INTENT WHICH CHECKS FOR ELIGIBILITY. THESE QUESTIONS ARE CONSISTENT WITH REQUIREMENTS FOR DONOR ADVISED GRANTING. FOR EXAMPLE, IS THE ORGANIZATION IN LINE WITH CATHOLIC TEACHINGS. ALL THIS INFORMATION IS SAVED AND ARCHIVED WITHIN THE GRANTS MANAGEMENT SYSTEM. X X 0 0 0 0 0 0 0 0 0 ANGELA MOLONEY PRESIDENT & CEO 133942 0 0 0 0 0 11507 0 31805 0 177254 0 0 0 X 22 5042875 INVESTMENT REPORT 0 1 0 PART I, LINE 32B: MERRILL LYNCH SELLS SECURITIES UPON RECEIPT OF THE GIFT. SCHEDULE M, PART I, COLUMN B: THE AMOUNT REPORTED IN COLUMN B IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 ARCHBISHOP VIGNERON, FR. JEFFREY DAY AND THOMAS SCHOLLER ALL WORK FOR THE ARCHDIOCESE OF DETROIT. FORM 990, PART VI, SECTION A, LINE 7B THE AMENDMENT OF ARTICLES I, II, IV AND IX OF THE CORPORATION'S ARTICLES OF INCORPORATION AND BYLAWS, AND THE TAKING OF ACTIONS INCLUDING MERGER, CONSOLIDATION, DISSOLUTION AND FILING FOR BANKRUPTCY, REQUIRE IN ADDITION TO ANY DIRECTOR APPROVAL THE APPROVAL OF THE ARCHBISHOP OF THE ARCHDIOCESE OF DETROIT (THE "ARCHBISHOP"). ARTICLE I OF THE ARTICLES OF INCORPORATION OF THE CORPORATION MAY ONLY BE AMENDED BY THE ARCHBISHOP. FORM 990, PART VI, SECTION B, LINE 11B BOARD TREASURER WILL REVIEW AND SHARE WITH FINANCE COMMITTEE. BOARD OF DIRECTORS APPROVE/RATIFY APPROVAL WHEN COMPLETED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD OF DIRECTORS REVIEW, ACKNOWLEDGE AND SIGN CONFLICT OF INTEREST POLICY. THE SIGNED POLICY IS KEPT ON FILE AT THE ORGANIZATION. IF A CONFLICT OF INTEREST ARISES, THE INTERESTED PERSON SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE TRANSACTION OR ARRANGEMENT INVOLVING THE PERSON WITH A CONFLICT OF INTEREST IS DISCUSSED AND VOTED ON. FORM 990, PART VI, SECTION B, LINE 15 NATIONAL AND LOCAL STANDARDS WERE REVIEWED BY BOARD HIRING COMMITTEE AND OUTSIDE HIRING CONSULTANT. THE BOARD CHAIR CONSULTED WITH THE EXECUTIVE COMMITTEE PRIOR TO THE FINAL SELECTION AND COMPENSATION OFFER. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS IN ANNUAL REPORT AVAILABLE ON WEBSITE. GOVERNING DOCUMENTS AVAILABLE BY WRITTEN REQUEST. FORM 990, PART VI, LINE 7A: PURSUANT TO THE BYLAWS OF THE CORPORATION, THE BOARD OF DIRECTORS ANNUALLY ELECTS THE DIRECTORS OF THE CORPORATION. A PORTION OF THE DIRECTORS MUST BE ELECTED FROM A POOL OF INDIVIDUALS NOMINATED BY THE ARCHBISHOP. FORM 990, PART XII, LINE 2C: THE PROCESS THAT THE AUDIT COMMITTEE PERFOMS, WHO ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, HAS NOT CHANGED FROM PRIOR YEAR. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: CHANGES IN ASSETS HELD FOR OTHERS: CONTRIBUTIONS ($2,522,713) UNREALIZED GAINS $2,729,753 INVESTMENT INCOME $602,687 GRANT EXPENSES ($427,281) ADMINISTRATIVE FEES ($219,808) INVESTMENT FEES ($162,638) TOTAL $0