Catholic Financial Life Foundation Inc
Catholic Financial Life Foundation Inc is a Milwaukee, Wisconsin public charity formed in 2006. It makes grants for educational and religious purposes and field-of-interest causes, while also providing ways for members to support charitable organizations and causes through funds established at the Foundation.
Catholic Financial Life Foundation Inc at a glance
In short: Catholic Financial Life Foundation Inc gave $465K across 11 grants in 2024 (avg $42K), mostly in Wisconsin. 27% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $465,210
- +47.4% vs 2023
- Grants made (2024)
- 11
- +22.2% vs 2023
- Average grant
- $42,292
- +20.6% vs 2023
- Median grant
- $37,500
- Total assets
- $3,488,158
- +9.2% vs 2023
- New grantees (estimate)
- 27% first-time grantees (3 of 11, 2024; small sample)
- Primary geography
- Wisconsin (72% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Catholic Financial Life Foundation Inc
- Contact
Mailing address: 1100 W Wells Street, Milwaukee, WI 53233
Phone: (414) 273-6266
Website: https://catholicfinanciallife.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Catholic Financial Life Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Archdiocese of Milwaukee ($109K). Together the top 10 received $457K.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 26 grants of 39 (67%).
Geographic Focus
Where this funder awards grants
The 2024 filing’s listed grant dollars went to recipients in Wisconsin (72%), Iowa (17%), and Minnesota (11%). The Foundation is based in Milwaukee, Wisconsin.
Grant Distribution by State
Share of 2024 grant dollars across all 11 itemized grants.
Cities
Is Catholic Financial Life Foundation Inc open to new grantees?
27%
first-time grantees, 2024
In 2024, 3 of 11 grantees (27%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. First grants averaged $56K; repeat grants $37K. How we count
Medians: $50K first-time, $31K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $87K (2021) to $465K (2024). In 2024 it made 11 grants totaling $465K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Archdiocese of Milwaukee St Francis, WI | Catholic education and general support | $109,333 |
| Catholic Relief Services Harlan, IA | Humanitarian relief | $80,334 |
| United Community Center Milwaukee, WI | General support | $52,000 |
| Partners 4 Hope Tanzania Stillwater, MN | General support | $50,000 |
| Catholic Charities of the Archdiocese of Milwaukee St Francis, WI | General support | $50,000 |
| Milwaukee Habitat for Humanity Milwaukee, WI | Community development | $37,500 |
| Marquette University College of Business Milwaukee, WI | Education | $25,000 |
| St Joan Antida High School Milwaukee, WI | Catholic education | $25,000 |
| St Francis De Sales Seminary St Francis, WI | Catholic education | $17,424 |
| New Threads Of Hope Inc Wauwatosa, WI | Humanitarian relief | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $3,488,158 | $806,994 | $500,062 | $465,210 | 11 | $339,272 |
| 2023 | $3,194,053 | $831,142 | $375,336 | $315,575 | 9 | $67,833 |
| 2022 | $2,517,745 | $424,446 | $373,239 | $339,932 | 8 | $66,363 |
| 2021 | $2,844,086 | $597,861 | $135,628 | $86,878 | 5 | $228,376 |
| 2020 | $2,373,074 | $166,102 | $233,941 | $184,163 | 6 | $91,305 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation says it seeks to strengthen individuals, the Church and society through resources for Catholic parishes and organizations, support for charitable outreach, education about philanthropy and planned giving, and financial vehicles for philanthropic objectives. Its three field-of-interest priorities are helping the poor, supporting Catholic education, and assisting people with special needs.
Its 2024 grants included Catholic education, humanitarian relief, community development, and general support. Among the supported organizations, United Community Center describes its work as providing education, human services, health, community development, and cultural arts services to Hispanic people, families, and individuals of all ages. Milwaukee Habitat for Humanity describes its mission as bringing people together to build homes, communities, and hope, and says it does not condition assistance on adherence to or conversion to a faith. NewThreads of Hope says it provides new clothing, household items, and educational materials to people in need, including the poor, ill, children, and seniors.
Grantmaking
In filing year 2024, the Foundation reported 11 grants totaling $465,210. Grants ranged from $8,619 to $109,333, with a median grant of $37,500. The filing’s program description separately states that $487,204 in grants was awarded in 2024.
The largest listed grants were $109,333 to the Archdiocese of Milwaukee for Catholic education and general support; $80,334 to Catholic Relief Services for humanitarian relief; $52,000 to United Community Center for general support; $50,000 to Partners 4 Hope Tanzania for general support; and $50,000 to Catholic Charities of the Archdiocese of Milwaukee for general support. Other listed recipients included Milwaukee Habitat for Humanity ($37,500), Marquette University College of Business ($25,000), St Joan Antida High School ($25,000), St Francis De Sales Seminary ($17,424), New Threads Of Hope Inc ($10,000), and Holy Angels Parish ($8,619).
The Foundation offers donor-advised funds, donor-designated funds, field-of-interest funds, and unrestricted funds. Its website says members may establish funds to benefit charities and that the Board directs unrestricted grants to qualified organizations aligned with the Foundation’s mission. A named endowed fund requires at least $25,000; the website says gifts of any amount may be made to existing field-of-interest or unrestricted funds. It describes gifts of cash, life insurance, annuities, stock, and property, with property gifts reviewed under its gift acceptance policies.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists John T Borgen as President; William R O’Toole as Chairman of the Board; Cynthia E Feld as Treasurer; Sally A Krochalk as Secretary; and Sara J Walker and Daniel T Lloyd as Directors.
Catholic Financial Life Foundation Inc is led by John T Borgen, President on every filing since 2022; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
John T Borgen
President
On filings since 2022
2 hrs/week
$435K (2023) → $0 (2024)
William R O'Toole
Chairman of the Board
On filings since 2022
2 hrs/week
$98K (2023) → $0 (2024)
Daniel T Lloyd
Director
On filings since 2022
1 hr/week
$85K (2023) → $0 (2024)
Sara J Walker
Director
On filings since 2022
1 hr/week
$202K (2023) → $0 (2024)
Cynthia E Feld
Treasurer
On filings since 2022
2 hrs/week
$141K (2023) → $0 (2024)
Sally A Krochalk
Secretary
On filings since 2022
2 hrs/week
$110K (2023) → $0 (2024)
Former officers (9)
- Former: Kristin O'Connell (2022) — Director
- Former: Richard Kremel (2022) — Director
- Former: Borgen John T (2020–2021) — Vice President
- Former: Kremel Richard (2020–2021) — Director
- Former: O'Connell Kristin (2020–2021) — Director
- Former: O'Toole William R (2020–2021) — Chairman of the Board
- Former: Riemer Kerry E (2020–2021) — Treasurer
- Former: Lloyd Daniel T (2021) — Director
- Former: Gonzalez Miliagros (2020) — Executive Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $435K, to John T Borgen (President). 6 officers or directors reported compensation on that filing.
Frequently asked questions about Catholic Financial Life Foundation Inc
How much does Catholic Financial Life Foundation Inc give each year?
Catholic Financial Life Foundation Inc gave $465K across 11 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $316K across 9 grants.
What is Catholic Financial Life Foundation Inc's typical grant size?
Catholic Financial Life Foundation Inc's median grant in 2024 was $37,500, and its average grant was $42,292, across 11 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Catholic Financial Life Foundation Inc that year got $56K on average.
Where does Catholic Financial Life Foundation Inc give grants?
Catholic Financial Life Foundation Inc gives mostly in Wisconsin: 72% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest states were Iowa (17%) and Minnesota (11%). The most frequent recipient cities were Milwaukee, WI (4 grants) and St Francis, WI (3 grants).
Does Catholic Financial Life Foundation Inc give general operating support?
Yes: 36% of Catholic Financial Life Foundation Inc's 2024 grants with a stated purpose (4 of 11) were for general or operating support, per its 2024 IRS Form 990. Recurring purposes include "Catholic education" (3 grants).
Who are Catholic Financial Life Foundation Inc's largest grantees?
Catholic Financial Life Foundation Inc's largest 2024 grantees include Archdiocese of Milwaukee ($109,333), Catholic Relief Services ($80,334) and United Community Center ($52,000), according to its 2024 IRS Form 990. Together they received 52% of its itemized 2024 grant dollars.
How large is Catholic Financial Life Foundation Inc?
Catholic Financial Life Foundation Inc reported $3.5M in total assets on its 2024 IRS Form 990. Its revenue that year was $807K.
What does Catholic Financial Life Foundation Inc fund?
The Foundation says it seeks to strengthen individuals, the Church and society through resources for Catholic parishes and organizations, support for charitable outreach, education about philanthropy and planned giving, and financial vehicles for philanthropic objectives. See mission & focus areas ↑
How do I apply for a grant from Catholic Financial Life Foundation Inc?
Catholic Financial Life Foundation Inc has no public application process in the sources Grantable reviewed. Check catholicfinanciallife.org for current guidelines, or contact the foundation directly before submitting a request.
What is Catholic Financial Life Foundation Inc's EIN?
Catholic Financial Life Foundation Inc's EIN (Employer Identification Number) is 20-4780760. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS September 7, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 19, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 16, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Catholic Financial Life Foundation Inc funds
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Cite this profile
Grantable. (2026). Catholic Financial Life Foundation Inc funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/catholic-financial-life-foundation-inc-morg_1e012eefc69d49379aff1ca4e37120f8
BibTeX
@misc{grantable_204780760_2026,
author = {{Grantable}},
title = {{Catholic Financial Life Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/catholic-financial-life-foundation-inc-morg_1e012eefc69d49379aff1ca4e37120f8},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Catholic Financial Life Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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