Catholic United Financial

Benefits totaling $50,888,577 were paid to our members in accordance with our mission to provide life insurance, annuities and other products, services and benefits that contribute to the financial well-being of our members and their families. $10,738,850 was paid in death claims, $39,983,127 was paid for annuity, supplementary contract and other policy benefits, and $166,600 was paid for post-high school scholarships.

In accordance with our mission to support the Roman Catholic Church in extending the faith, commending and encouraging Catholic schools and religious education, Fraternal benefits totaling $467,525 were spent during the year. Of this total, $112,014 was provided to Catholic Dioceses and parishes, $7,500 was granted to organizations supportive of extending Catholic teachings, $217,074 was spent as operating support for our Foundation, and $130,937 was spent supporting Catholic education, including the Annual Catholic Schools Raffle. This Raffle has raised almost $12 million for over 100 Catholic schools since its inception thirteen years ago.

In accordance with our mission to promote fraternalism and charity among our members through a local council system and representative governance, $284,268 was provided to our Councils and communities. Of this amount, $149,729 was spent on Local Councils, $69,170 on matching grants, $4,328 was spent to conduct Regional Member Gatherings, $14,750 on miscellaneous donations, and $46,291 was spent on Member Recognition programs and conducting Gather4Good events. Gather4Good is a volunteer, family oriented service project started in 2010 to assemble personal care kits for people in the local community experiencing homelessness.