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Our Mission

The Catholic Foundation of Southern Minnesota supports parishes, schools and ministries with the necessary resources to be vibrant centers of faith and service in southern Minnesota and to assist faithful Catholics in fulfilling their stewardship call. Since its founding in 1991, the Foundation has faithfully managed and distributed contributions according to donors' wishes.

The Foundation stands as a Center of Catholic Philanthropy across southern Minnesota in service of Catholic Responsible Investing and sophisticated planned giving that celebrates our Catholic identity. Over the life of the Foundation, over $80 Million have been redistributed back to the southern Minnesota community made possible by the generosity of Catholics like you.

The Catholic Foundation of Southern Minnesota promotes compassionate charitable giving and stewardship by:

  • seeking endowment funds that support our mission
  • helping donors achieve their charitable and financial goals
  • helping parishes, schools, and Catholic organizations meet their long-term financial needs
  • providing responsible and effective financial management
  • distributing earnings according to donor intent

The Catholic Foundation currently manages assets in excess of $24 million.  In addition to "Seeds of Faith" Endowment funds, donors to the Foundation can choose to support parishes, schools and other Catholic organizations.  In addition, the Foundation offers life-income arrangements via charitable gift annuities, deferred charitable gift annuities, and charitable remainder trusts.

FAQs

What is the Catholic Foundation of Southern Minnesota?

The Catholic Foundation of Southern Minnesota supports parishes, schools and ministries with the necessary resources to be vibrant centers of faith and service in southern Minnesota and to assist faithful Catholics in fulfilling their stewardship call.

Since its founding in 1991, the Foundation has faithfully managed and distributed contributions according to donors’ wishes in areas of greatest need in the wider community. The Foundation stands as a Center for Catholic Philanthropy across southern Minnesota and beyond in service of Catholic Responsible Investing and sophisticated planned giving that celebrates our Catholic identity.

Over the life of the Foundation, nearly $80 Million has been stewarded back into the southern Minnesota community.  This is the direct result of the generosity of Catholics like you.

What do you mean by ‘foundation’?

Our foundation is a public charity established to serve Catholic charitable interests throughout southern Minnesota. Donors have the option of creating funds in support of their interests with respect to the foundation’s purpose. Currently, the Catholic Foundation of Southern Minnesota stewards 70 different funds each in alignment with Catholic means and ends. Donors are able to designate which organizations will benefit through a restricted gift, or they may make an unrestricted gift in support of the overall mission of the Foundation. Since all funds are invested, the funds continue to grow so that over time more and more charitable causes will benefit from the donors’ gifts.

What comprises the Foundation portfolio?

Current holdings total $24 million. The Foundation administers the following campaigns and appeals: Seeds of Faith, Rooted in Faith-Rejoice in Hope, Catholic Ministries Appeal, and Seminarian Burse. In addition to these fundraising efforts, the portfolio comprises parish and school endowments, as well as restricted and unrestricted gifts made by individual donors.

What are some of the causes funded by the 70 funds?

  • Parishes
  • Schools
  • Cemeteries
  • Seminarian Education
  • Foreign Mission
  • Higher Education Tuition Assistance
  • Hispanic Education Tuition Assistance
  • Catholic Education Tuition Assistance
  • Faith Formation
  • Clergy Formation
  • Individual Charitable Trusts and Annuities
  • And more!

Gifts of perpetuity will ensure the longevity of our Catholic Church throughout southern Minnesota. As more and more Catholics pray about and answer their call to stewardship, the list of supported causes will grow.

Why would a donor use the Catholic Foundation of Southern Minnesota to make his/her charitable gifts?

Here are several reasons why we can help you fulfill your stewardship calling:

  • We practice Catholic Responsible Investing (CRI), an investment strategy designed specifically to help Catholic institutions pursue their missions by providing sound financial returns while remaining faithful to the teachings of the Church.
  • We offer a higher return on investment than what most banks and CDs can offer.
  • A gift made to CFSM is tax-deductible, as we are a 501(c)(3) non-profit organization, and in many cases, there is no capital gains tax on gifts of appreciated securities and/or property.
  • You retain the flexibility to create a fund tailored to your charitable interests.
  • We adhere to public accountability in our annual reports certified by independent auditors that our funds are being used for charitable purposes.
  • Your funds are kept safe from legal actions against individual charities/organizations.
  • You receive access to our professional network of financial and legal advisors for guidance on planned giving.
  • You save costs on administration, investment management, and grant activities, since funds are combined into larger pools.
  • You gain the satisfaction of knowing your charitable interests will be supported for generations to come.

What is planned giving in a nutshell?

Planned giving is a way for you to integrate your personal, financial and estate planning goals by making lifetime or testamentary charitable gifts. Some common types of planned gifts are:

  • Bequest – a gift made through your will, trust or life insurance policy
  • Charitable Gift Annuity – You make a gift of cash or property to us, and we agree to make fixed payments for one or two lives.
  • Life Estate Reserved – You transfer your personal residence or farm to us and retain the right to use the property for your lifetime.

If our parish wants to set up an Endowment, how can the Foundation help us?

We will work closely with you to secure the Endowment option that meets your expectations. You can rest assured that you are in good hands with us as we provide you with investment and administrative services, stewardship and development assistance and planning, planned giving and access to Lumen Christi Society benefits, and greater exposure to the philanthropic community of southern Minnesota. Contact us today to schedule a presentation at your parish: 507.858.1275.

Can I give with my IRA?

IRA Required Minimum Distribution

Impact your Catholic Community & benefit from an IRA required minimum distribution gift

If you are aged 70½ or older, you have the opportunity to save on taxes and make a charitable rollover gift from your IRA. With a direct transfer from your traditional IRA to a qualified charity, you satisfy your minimum required distribution for the year. IRA Charitable Rollover transfers are income tax-free.

IRA Charitable Rollover Fast Facts:

  • You must be 70 ½ and older.

  • Transfers must be made directly from the IRA to a qualified charity.

  • Your taxable income can be reduced by up to $100,000, the maximum allowable.

  • Only traditional IRA accounts are eligible. The IRA Charitable Rollover cannot be used with other retirement plans such as a 401(k), 403(b) or a SEP IRA.

  • Transfers cannot be made to Donor-Advised Funds, Charitable Gift Annuities, or other life-income arrangements.

Contact your IRA administrator to begin this process. Please provide the following information:

The Catholic Foundation of Southern Minnesota
750 Terrace Heights, Suite 105
Winona, MN 55987
Tax ID# 41-1691198

Contact: Monica Herman, Executive Director (507) 858-1276

For gifts designated for the benefit of a specific endowment fund, parish, school, cemetery or field of interest please contact The Catholic Foundation of Southern Minnesota



Please see letter from CFSM Executive Director

Please see letter from CFSM Executive Director

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Staff

Monica Herman
Executive Director
507-858-1276
Maggie VanHeuklon
Development Specialist
507-494-8844
Ryan Henry
Marketing and Communications Associate
507-858-1275
Board Resources

Our Board Members

Barb Cullen
Mankato, MN 56001
Corey Heimer
Byron, MN 55920
Rev. Jason Kern
Winona, MN 55987
Dennis Lockwood
Fairmont, MN 56031
Amy Zehren McNally
Winona, MN 55987
Dr. Dale Loeffler
Preston, MN 55968
Tom Deming
Plainview, MN 55964
Michael Speltz
Rochester, MN 55901
Jeff Snider
Rochester, MN 55901
Len Huegel
La Crescent, MN