New Catholic foundation sets sights on $130M

CINCINNATI (OH)
Cincinnati Enquirer

Dan Horn, dhorn@enquirer.com January 23, 2015

The Archdiocese of Cincinnati launched its largest fundraising campaign in at least a half century Friday with the creation of a new charitable foundation that soon could become one of the region’s largest.

The goal is to quickly turn the new Catholic Community Foundation into a fundraising powerhouse with as much as $130 million available to help Catholic schools, priests, parishes and a wide range of social services – from food pantries to adoption.

The foundation is a departure from the decades-long practice of running all campaigns directly through the archdiocese. Under the new system, the church still will control the money but will conduct fundraising like any other private charity, with more public accountability and a board of directors comprised of lay people, priests, church leaders and Archbishop Dennis Schnurr.

Church officials already have raised about $36 million in pledges through a pilot program that began last year, but the archdiocese-wide campaign is just getting under way. They seek five-year commitments from donors – some for $100 and some for well over $1 million – and hope the new foundation structure assures potential contributors their money will be well spent.

Note: This is an Abuse Tracker excerpt. Click the title to view the full text of the original article. If the original article is no longer available, see our News Archive.