All New Catholic Foundation Seeks To Ensure Faith For The Future - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

All New Catholic Foundation Seeks To Ensure Faith For The Future

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The Catholic Church takes a first-ever step in its approach to ensure faith for the future.

The Diocese of Bismarck has established the Catholic Foundation.  The Foundation will provide an opportunity for parishes, parishioners, schools and agencies to pool funds for greater financial benefit.

Church members will also be able to establish individual endowment funds -- where interest on deposited money is earmarked to support favorite ministries.  Church leaders say they've learned members desire to give gifts that keep giving -- and have spiritual value.  Of Catholic givers, Bishop David D. Kagan, Diocese of Bismarck, says "it is their intent that their gifts to the church have an enduring and a positive effect."  

Mike Kiedrowski has been appointed Executive Director of the Catholic Foundation.  He says Catholics specifically desire to perpetuate the Catholic faith:  "The transfer of values is just as important to them as their transfer of wealth to their heirs.  Ensuring our faith for future generations is our goal with the Catholic Foundation."

Church leaders also note a law passed by the North Dakota legislature in 2011 allows a tax credit of up to 40% for gifts to qualified endowment funds, such as the Catholic Foundation.

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