What is St. Mary's of Alexandria Catholic Foundation?
St. Mary’s of Alexandria Catholic Foundation is a 501(C)(3) non-profit organization created to give St. Mary’s parishioners the option to give larger, legacy-type donations, such as bequests, insurance policies, stocks, and retirement funds.
Through a Board of Directors, St. Mary’s of Alexandria Catholic Foundation manages a portfolio of assets and takes a percentage of the earnings to then give back to those in need. A key difference is St. Mary’s of Alexandria Catholic Foundation is completely independent of the Diocese of St. Cloud. That means the St. Cloud Diocese has no control or access to these funds now, or in the future.
Who Benefits?
St. Mary’s of Alexandria Catholic Foundation focuses on 4 areas of giving;
- Vocations
- Facilities
- School & Faith Formation
- Music & Liturgy
If a committee or organization needs help in any of these areas, a request can be sent to the St. Mary’s of Alexandria Catholic Foundation Board for review.
Who Has Been Helped?
The St. Mary’s of Alexandria Catholic Foundation was formed in 2015. Since then, it has funded various requests, including Faith Formation Grenada mission trip, National Catholic Youth Conference trip, individual vocational support for an African mission, and deaconate program support.