New Catholic Foundation releases Annual Report

New Catholic Foundation releases Annual Report

Katelyn McKeen of Gwinn is the new Youth Minister at St. Peter Cathedral, Marquette. Her position is funded in part from the St Peter Cathedral Endowment Fund held in the new U.P. Catholic Foundation, Inc.

A new charitable organization, rooted in the faith brought by early missionaries to the original people of the Upper Peninsula in the 1600s, has come to life. The Upper Peninsula Catholic Foundation, Inc. is a charitable organization with the mission of establishing and growing permanent endowment funds for the long-term support of Catholic ministries in the Upper Peninsula. .

In the first year of operations, eleven funds were started, or moved into, the Foundation. Those funds yielded nearly $390,000 in distributions to the fund holders in 2017.

One of the fund holders is St. Peter Cathedral in Marquette. The parish finance council designated the distribution from their endowment fund to hire a new youth minister. “It’s been 4 or 5 years since we had someone on staff for youth ministry,” commented Msgr. Michael Steber, rector of St. Peter Cathedral. The Cathedral’s new youth minister, Katelyn McKeen, said she hopes to build relationships with the young people, helping them to feel that their faith is not a requirement, but something to be lived out and shared with others.

The UPCF has released its first Annual Report and audited financial statements. The report, titled “Rooted in Christ,” covers the period January 15, 2016 (inception) through June 30, 2017. The full report and financial statements can be viewed at www.upcatholicfoundation.org/financials.

For more information contact Terri Gadzinski, Executive Director by email tgadzinski@dioceseofmarquette.org or by phone 906/227-9108.

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