Catholic Diocese of Pueblo Foundation Inc

Overview

The Catholic Diocese of Pueblo Foundation Inc is an independent nonprofit organization established to support the Catholic Diocese of Pueblo. It is dedicated to promoting charitable giving, managing entrusted resources, and disbursing gifts to various Catholic organizations within the diocese. The foundation was established in response to the needs of the Catholic community in southern Colorado, providing a platform for donors to support faith-based initiatives and programs.

History

The Catholic Diocese of Pueblo Foundation originated as a part of the broader effort by the Diocese of Pueblo to enhance its outreach and charitable activities. The Diocese itself was established on November 15, 1941, and over the years, there has been a growing need for a dedicated foundation to handle philanthropic efforts. The foundation was formally created to address these needs by providing a structured approach to fundraising and grant distribution.

Mission and Activities

The foundation's mission is centered around the principles of hope and service, as rooted in the Gospel teachings. It aims to be a catalyst for charitable giving by fostering partnerships between donors and Catholic organizations. Key activities include managing endowments and distributing grants to support parishes, missions, Catholic schools, and other faith-based institutions.

In recent years, the foundation has been involved in significant capital campaigns, such as supporting the construction of a new monastery for the Capuchin Poor Clare sisters and growing the seminary fund to ensure education for aspiring priests is accessible. Additionally, the foundation continues to support humanitarian causes throughout southern and western Colorado through targeted grant awards.

Financial Overview

As of 2024, the foundation reported revenues of approximately $1.37 million and expenses of about $1.96 million. It maintains total assets valued at $7.38 million, with liabilities totaling $1.19 million. The foundation's financial operations are supported by donations, investment income, and the sale of assets. Donations are tax-deductible, making it an attractive option for those wishing to support Catholic causes in the region.

Grant Programs

The Catholic Diocese of Pueblo Foundation offers grant programs to support various Catholic organizations within its jurisdiction. These grants are disbursed to parishes, schools, and other entities that align with the foundation's mission. In 2024, the foundation distributed over $191,000 in grant awards to 46 organizations, with an additional $44,000 in humanitarian grants. These grants are made possible by donations and bequests, such as the significant contribution from the late Msgr. Howard Delaney.

Leadership and Governance

The foundation is governed by a board of directors who oversee its operations, ensuring alignment with the Catholic teachings and values of the Diocese of Pueblo. The executive director is responsible for managing day-to-day activities and strategic planning. Despite its nonprofit nature, the foundation does not report any executive compensation in its publicly available financial disclosures.

Future Initiatives

Looking ahead, the foundation continues to engage in comprehensive capital campaigns to enhance its capacity for grant distribution and support critical initiatives within the diocese. This includes ensuring the sustainability of the Poor Clare Endowment Fund and expanding the seminary fund. The foundation remains committed to serving the spiritual needs of the community while promoting charitable giving in the spirit of the Gospel.