Foundations in Faith Inc
Foundations in Faith Inc is a 501(c)(3) public charity based in Bridgeport, Connecticut, operating under the parent exemption of the United States Conference of Catholic Bishops (USCCB). The organization is also known as the Faith in the Future Fund. Foundations in Faith supports Catholic education, vocations, seminary education, priests' residence and retirement programs, and diocesan ministries and programs throughout the Diocese of Bridgeport.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$35.5M
+39.0% YoY
Annual Giving
$1.4M
+29.6% YoY
Grant Count
34
+17.2% YoY
Avg Grant Size
$41K
+10.6% YoY
Mission & Focus Areas
Foundations in Faith is dedicated to empowering and transforming pastoral ministries in the Diocese of Bridgeport by inspiring discipleship and providing essential funding, guidance, and resources. The organization focuses on nurturing, guiding, and reinvigorating the diocesan approach to lifelong formation for parishioners, seminarians, and priests.
Primary Program Areas:
- Support for Catholic education, vocation, and seminary education
- Priests' residence and retirement fund
- Diocesan ministries and programs
- Resources to build long-term sustainable parishes with vibrant and growing ministries
- Pastoral care prioritizing vulnerable populations including the very young, elderly, differently-abled, and under-resourced
Dedicated Funds:
The organization administers ten specialized funds:
- Catholic Charities of Fairfield County Fund
- St. Francis Xavier Fund for Missionary Parishes
- Lourdes Fund for Pastoral Care in Nursing Homes
- St. Therese Fund for Evangelization
- St. Catherine Center for Special Needs Fund
- St. John Bosco Fund for Special Needs in Catholic Schools
- St. Elizabeth Ann Seton Fund for Catholic Schools
- St. John Vianney Fund for Retired Priests
- St. Charles Borromeo Fund for Vocations and Seminarians
- St. John Paul II Fund for Faith Formation
Grantmaking
Recent grants include:
Grant Range
**
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Geographic Focus
Where this funder awards grants
Foundations in Faith primarily funds organizations and programs within Connecticut, with a specific focus on the Diocese of Bridgeport region.
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $35,469,393
- Total Revenues: $1,074,441
- Total Expenses: $1,654,070
- Total Giving: $1,426,681
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $35,469,393 | $25,510,003 | $25,821,531 |
| Revenue | $1,074,441 | $1,626,049 | $3,107,303 |
| Expenses | $1,654,070 | $1,304,666 | $2,498,078 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $715,447 | $934,915 | $1,139,920 |
| Distributable Amount | — | — | — |
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
121 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Kelly Weldon serves as Director of the organization.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael Hanlon | Treasurer | 1 | — |
| Anne O McCrory | Secretary | 1 | — |
| Bishop Frank J Caggiano | Director | 1 | — |
| Kelly Weldon | Executive Director | 22 | — |
| Andy Aoyama | Chair | 1 | — |
| Joseph Sindelar | Vice Chair | 1 | — |
| Lorraine Carrano | Director | 1 | — |
| Alicia Carpenter-Cummings | Director | 1 | — |
| Paul Cronin | Director | 1 | — |
| Diane Kremheller | Director | 1 | — |
| Ligia Masilamani | Director | 1 | — |
| Susan Stone | Director | 1 | — |
| Patrick Turner | Director | 1 | — |
| William Orjuela | Director (as of 6/25/24) | 1 | — |
| DANIEL MUDD | DIRECTOR | 1 | — |
| Janie Nneji | Director | 1 | — |
| Sheila Pettee | Director (as of 6/25/24) | 1 | — |
Recent News & Activity
Recent developments and announcements
Foundations in Faith approved $1 million in general operating support grants for fiscal year 2025-2026, demonstrating continued commitment to diocesan ministries and parish development.
Foundations in Faith Approves $1 Million in General Operating Support GrantsContact Information
Legal Address: 238 Jewett Avenue Bridgeport, CT 06606
EIN: 06-1448345
Website: www.foundationsinfaith.org
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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