Catholic Financial Life Foundation Inc
The Foundation, rooted in the Catholic and fraternal values of stewardship, service, and concern for others, seeks to strengthen individuals, our church, and society by: Providing resources to advance the mission of Catholic parishes and organizations, supporting charitable outreach, educating individuals about philanthropy and planned giving, and providing financial vehicles to accomplish philanthropic objectives.
Key facts about Catholic Financial Life Foundation Inc
- EIN
- 20-4780760
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $465,210
- Grants made (2024)
- 11
- Average grant
- $42,292
- Median grant
- $37,500
- New grantees (estimate)
- 27% first-time grantees (3 of 11, 2024)
- Total assets
- $3,488,158
- Primary geography
- Wisconsin (72% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Catholic Financial Life Foundation Inc funds
By grant dollars, the top recipient states for Catholic Financial Life Foundation Inc's 11 itemized 2024 grants were Wisconsin (72%), Iowa (17%) and Minnesota (11%). The most frequent recipient cities were Milwaukee, WI (4 grants) and St Francis, WI (3 grants). 36% of grants with a stated purpose were for general or operating support. Recurring purposes include "Catholic education" (3 grants).
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. First grants averaged $56K; repeat grants $37K. How we count
Medians: $50K first-time, $31K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Catholic Financial Life Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.5M
+9.2% YoY
Annual Giving
$465K
+47.4% YoY
Grant Count
11
+22.2% YoY
Avg Grant Size
$42K
+20.6% YoY
About Catholic Financial Life Foundation Inc
Based on IRS filings
Catholic Financial Life Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Milwaukee, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 11 grants totaling $465K. Net investment income was $339K.
Focus Areas
Ready to take the next step with Catholic Financial Life Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 11 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,488,158 | $3,194,053 | $2,517,745 |
| Revenue | $806,994 | $831,142 | $424,446 |
| Expenses | $500,062 | $375,336 | $373,239 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $339,272 | $67,833 | $66,363 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Archdiocese of Milwaukee ($109,333), Catholic Relief Services ($80,334), United Community Center ($52,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| John T Borgen | President | 2 | — |
| Sara J Walker | Director | 1 | — |
| Cynthia E Feld | Treasurer | 2 | — |
| Sally A Krochalk | Secretary | 2 | — |
| Daniel T Lloyd | Director | 1 | — |
| William R O'Toole | Chairman of the Board | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Catholic Financial Life Foundation Inc?
Catholic Financial Life Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Milwaukee, WI. It holds $3.5M in total assets as of 2024.
How large is Catholic Financial Life Foundation Inc?
As of 2024, Catholic Financial Life Foundation Inc holds $3.5M in total assets with $807K in annual revenue. It awarded 11 grants totaling $465K in 2024.
Where does Catholic Financial Life Foundation Inc operate?
Catholic Financial Life Foundation Inc has awarded grants in Iowa, Illinois, Maryland, Minnesota, Wisconsin.
What size grants does Catholic Financial Life Foundation Inc award?
In 2024, Catholic Financial Life Foundation Inc awarded 11 grants totaling $465K — an average of about $42K per grant, based on its IRS Form 990 filings.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.