St. Pius X Charitable Foundation

St. Pius X Charitable Foundation

What is the St. Pius X Charitable Foundation?

The St. Pius X Charitable Foundation, Inc. is a Wisconsin nonstock, nonprofit organization created to serve St. Pius X Parish and the Green Bay Diocese. The formation of the Foundation was an outgrowth of the St. Pius Credit Union, now merged with the Fox Communities Credit Union

Why was it formed?

A Credit Union depositor once inquired whether the insurance proceeds on savings at death could be channeled to charity through the Credit Union. Prohibited by statute from charitable activities, the Credit Union officials founded the St. Pius X Charitable Foundation, Inc. The primary interest of the Foundation is in the promotion of religious vocations through scholarships as well as other special charitable needs. The Foundation was purposely given a broad scope of operations so as to best serve the needs of the parish.

Where does the money come from?

The St. Pius X Charitable Foundation, as an organization, became incorporated in November of 1965, being formulated as a result of that initial bequest. Additional bequests, gifts and investments have increased the value of the Foundation during this forty plus year period.

Who controls the money invested and spent?

The funds of the Foundation are deposited with the Green Bay Diocesan Investment Fund. Funds are expended by the discretion of the Board of Directors. Over the years, monies have been made available for numerous worthwhile causes.

What benefit has the parish realized as a result of the Foundation expenditures?

More than $75,000 has been dispersed for parish needs since 1990. Funds have provided religious education scholarships, a number of workshops and staff development opportunities. The youth trip to Denver to see the Holy Father, and support for seminarians in residency and deacon candidates in our parish, in addition to the communities Hispanic Religious Program, have all benefited. Purchases have included the grand piano for our church, new dishes and silverware for the parish kitchen, new stacking chairs and folding tables. Through the foundation we have refurbished chairs in our chapel and on the altar, and most recently the purchase of a defibrillator.

How can I become a contributor to the St. Pius X Charitable Foundation?

The success of the Foundation can only be possible through the gifts and bequests of the many friends in the parish community. Anyone wishing to contribute can do so directly to the Foundation, or by making the Foundation the beneficiary of insurance and/or securities. The Pastor can be contacted in this regard. If anonymity is desired, this can be guaranteed, as has been the case with our previous grants. Valuable tax benefits can be gained by utilizing deductions of this nature. Memorials in honor of deceased parish members are encouraged. All monies received will be placed in the Diocesan Investment Fund using prudent investment policies. All assets of the Foundation are secure and remain under the control of the Directors of the Foundation. There is no minimum contribution - only maximum results.

Does the Foundation sponsor any programs or workshops for parishioners?

The Foundation has sponsored several educational programs over the years. Most recently, it sponsored a seminar explaining the tax and financial benefits that can be realized through gift annuities, charitable trusts and gifting low basis assets. The Foundation offers private consultation on an individual basis at the request of any interested donor.