U.P. Catholic Foundation makes first distributions
The recently formed U.P. Catholic Foundation made its first distributions totaling $389,800. The foundation provides for the financial stability of parishes, missions, Catholic schools and other Catholic causes in the Diocese of Marquette. “Some funds previously held by the diocese were moved into the foundation, like the Legacy of Faith and Seminarian Endowment Fund and a few others have been newly established in the foundation,” said Terri Gadzinski, executive director. Eleven distributions were made, with the largest of just over $300,000 going to Legacy of Faith, which benefits Catholic Schools in the diocese, parish faith formation programs and Catholic Social Services of the Upper Peninsula. In addition, Catholic Action grants are available for new and emerging ministries, or to boost under-funded ministries. Other distributions include those made to benefit the education of seminarians in the diocese, to provide financial support for St. Peter Cathedral in Marquette and to two Catholic schools, Bishop Baraga Catholic School in Iron Mountain and Holy Name Catholic School in Escanaba.