The Catholic Foundation in the Archdiocese of Dubuque (CFAD) is a 501(c)(3) public charity based in Cedar Rapids, Iowa. Established in 2011 and tax-exempt since September 2012, the organization serves as a philanthropic entity dedicated to supporting Catholic organizations and those benefiting from them across Northeast Iowa's 30 counties.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$164.2M
+11.8% YoY
Annual Giving
$3.9M
+67.4% YoY
Grant Count
67
+13.6% YoY
Avg Grant Size
$58K
+47.4% YoY
Mission & Focus Areas
CFAD's mission is to multiply charitable resources for maximum benefit to the Catholic community. The organization assists donors who wish to make meaningful and lasting impacts for Catholic organizations and those served by them through the Spiritual and Corporal Works of Mercy, with the goal of perpetuating Catholic values.
The foundation operates in three primary ways:
- Charitable planning services
- Investment management
- Grantmaking services
Primary funding focus areas include education, health care, and religion-related initiatives.
Grantmaking
CFAD manages multiple funding vehicles including donor-advised funds, endowments, and agency trust accounts. In fiscal year 2022, the foundation added 19 new endowment funds, one donor-advised fund, and 13 new agency trust accounts, distributing over $3.3 million to 132 organizations from 167 funds.
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Geographic Focus
Where this funder awards grants
CFAD serves the 30 counties in northeast Iowa that comprise the Archdiocese of Dubuque, with primary focus on the Cedar Rapids, Iowa area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $164,181,885
- Total Revenues: $11,589,032
- Total Expenses: $5,398,282
- Total Giving: $4,084,986
As of 2023:
- Total Assets: $147,000,000
- Total Revenues: $10,100,000
- Total Expenses: $3,590,000
- Total Liabilities: $33,200,000
The organization maintains a donor-advised fund structure and operates with 2 employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $164,181,885 | $146,802,110 | $127,453,113 |
| Revenue | $11,589,032 | $10,110,575 | $10,700,862 |
| Expenses | $5,398,282 | $3,590,839 | $4,254,268 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $3,444,826 | $3,891,467 | $4,391,412 |
| 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
242 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Brian McConnell | Chair | 0.5 | — |
| Louis Hagarty | Vice Chair | 0.5 | — |
| John Fink | Treasurer | 0.5 | — |
| Sarah Smith | Secretary | 0.5 | — |
| Jasmin Cisneros | Director until 4/29/24 | 0.5 | — |
| Kathleen Kleiman | Director as of 1/15/24 | 0.5 | — |
| Kevin Schmitt | Director | 0.5 | — |
| Archbishop Thomas Zinkula | Director as of 10/18/23 | 0.5 | — |
| Anthony Tony Monaghan | Director | 0.5 | — |
| Tricia Lenz | Director | 0.5 | — |
| Pat Leonard | Director | 0.5 | — |
| Kirk Sadilek | Director | 0.5 | — |
| LuAnn Scholbrock | Director | 0.5 | — |
| Bishop Richard Pates | Director until 10/17/23 | 0.5 | — |
| Jacqulyn Arthur | Director until 11/27/23 | 0.5 | — |
| Michele Brock | Executive Director | 40 | $113,515 |
Contact Information
Address: 120 5th Street NW, Cedar Rapids, IA 52405-3962
Phone: 319-200-4657
Website: www.ourcfad.org
Subject Areas
Focus areas based on grantmaking activity
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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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