Catholic Foundation for Diocese of Salina

Overview

The Catholic Foundation for Diocese of Salina is a U.S. nonprofit organization dedicated to supporting various aspects of the Catholic faith within the Diocese of Salina. Established to develop, manage, grow, and grant funds in alignment with Catholic values, the foundation aims to honor the intentions of its donors while fostering a circle of support for Catholic parishes, schools, and ministries.

Mission

The foundation's mission is to support all aspects of the Catholic faith in the Diocese of Salina by efficiently managing and distributing funds. This mission is carried out with a focus on honoring Catholic values and respecting donors' wishes, ensuring that grants and donations are used effectively to benefit Catholic communities and institutions within the diocese.

Leadership

The foundation is currently led by Tyler Greenman, who assumed the role of Chief Executive Officer in July 2024. Greenman succeeds Katie Platten, who previously served as CEO since 2020 and played a pivotal role in establishing and growing the foundation.

Structure and Operations

The Catholic Foundation for Diocese of Salina operates independently from the Diocese of Salina, although it includes Bishop Gerald Vincke as a member of its board. This setup ensures necessary oversight while allowing the foundation flexibility in its operations. The board primarily consists of laypeople with diverse backgrounds in finance, investments, and development.

The foundation manages both endowment and expendable funds. Endowments protect the principal, using earnings to support ongoing needs, while expendable funds provide flexible savings options for projects or long-term support of Catholic institutions and ministries. Funds are invested to yield competitive returns while adhering to Catholic investment principles.

History

The foundation was launched with approximately $23 million in assets under management, initially including endowments previously held by the Diocese of Salina and the Catholic Community Foundation. It aims to encourage all diocesan organizations to establish funds with the foundation, facilitating direct support for parishes, schools, and ministries across the diocese.

Impact

The Catholic Foundation for Diocese of Salina plays a crucial role in supporting the Catholic community by providing financial resources that enhance the mission of the Diocese of Salina. Through its endowment and expendable funds, it ensures long-term support for Catholic institutions while fostering a culture of generosity and faith among its donors.