Stewards for Tomorrow/Archdiocese of Detroit Endowment Foundation
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What is the difference between The Catholic Foundation of Michigan and the Archdiocese of Detroit Endowment Foundation?

The Archdiocese of Detroit Endowment Foundation is a Michigan nonprofit corporation established to receive assets from parishes, Catholic schools and other Catholic organizations and ministries. It uses these assets to provide perpetual funding for the benefit of the Archdiocese of Detroit and the people it serves. The Endowment was not created to offer donor-advised funds or endowment accounts to individuals and other entities, and, as a result, did not obtain a separate IRS tax exemption (it is exempt under the Catholic Church’s group ruling) and is not required to file a tax return with the IRS because of its status as an “integrated auxiliary” of the Catholic Church. The Archbishop of Detroit is the sole member of the Endowment, electing and removing its trustees. The assets of the Endowment are invested under the supervision of the Archdiocese of Detroit Finance Council.

Founded in 2016, the Catholic Foundation of Michigan is a lay-led nonprofit organization that inspires faith-filled charitable giving and manages assets to provide perpetual funding for Catholic parishes, schools, ministries, and nonprofit organizations in southeast Michigan long into the future. The Catholic Foundation collects, grows, and distributes funds on behalf of donors and makes it simple for the community to practice Christian philanthropy in accordance with Gospel values and the socially responsible investing principles set forth by the United States Conference of Catholic Bishops.

The Foundation has its own separate IRS tax exemption as a public charity and files a separate tax return with the IRS. The Foundation has more than 25 lay members of its board of directors, with the Archbishop of Detroit and the Moderator of the Curia as ex officio board members.

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