MARQUETTE – For the first time, the Upper Peninsula Catholic Foundation, Inc. (UPCF) has exceeded $ 500,000 in its annual grant distributions for various Catholic ministries across the Upper Peninsula. The UPCF links faith with charitable giving through long-term support to the needs of Catholic ministries in the Diocese of Marquette.
Six new endowments are distributing grants for the first time in 2021, and several more are significantly increasing grant amounts due to bequests received and growth in assets over the past year.
Holy Name High School – A Chesterton Academy in Escanaba will receive two first UPCF grants as it opens in the fall of 2021. The school has established several endowment funds in the UPCF and continues to actively raise funds to increase these endowments. for the long-term sustainability of the new school.
“We are grateful that these endowments provide distributions in the very first year of opening our new school. These funds will continue to give forever, truly solidifying the future of the school ”, said director Joseph Carlson.
Due to a large bequest donation received last year, UP Catholic Social Services will receive a first grant and the Seminarian Endowment Fund will receive a larger grant this year. The bequest, over $ 1 million received from Donald Stanley’s estate, created a legacy of care for seminarians and UP social services
“This gift will change the lives of our organization and the people it serves. Not only will the new endowment provide significant distribution in its first year and beyond, but will also serve as a new option for donors who wish to support the work of the CSSUP in the future ”, said Kyle Rambo, executive director of Catholic social services at UP
The largest grant, at $ 347,692, comes from the Legacy of Faith Endowment Fund, which will provide funding to 76 parishes, Catholic schools and Catholic social services in the UP. The Legacy of Faith Endowment Fund has provided grants to foster the Catholic Faith in the UP since 2002.
Rooted in the Catholic faith brought by the first missionaries to the original people of the Upper Peninsula in the 1600s, the UPCF came into being in 2016. The Foundation enables anyone to create and develop endowments today that will bear fruit for many generations to come. Meet the Board of Directors, view a complete list of funds, find audited financial statements and more at www.upcatholicfoundation.org. The Executive Director, Terri Gadzinski, can be reached by phone at 906-227-9108 or by email at [email protected]