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SACRED HEART FOUNDATION

WATERTOWN, NY · EIN 166098362 · Form 990 · FY2025 · Small ($100K-$1M) · sacredheartfoundation.com
revenue
$656K
expenses
$279K
net assets
$5.4M
employees
2
program ratio
53%
mission · from form 990

THE SACRED HEART FOUNDATION SPREADS THE WORD OF GOD BY RAISING FUNDS WHICH PROVIDE FINANCIAL ASSISTANCE FOR THE EDUCATION OF THOSE STUDYING TO BE PRIESTS AND BROTHERS OF THE MISSIONARIES OF THE SACRED HEART ANYWHERE IN THE WORLD

profile · synthesized from sources

The Sacred Heart Foundation raises funds to provide financial assistance for the education of seminarians studying to become priests and brothers in the Missionaries of the Sacred Heart (MSC) worldwide. Since its founding in 1967, it has awarded over $2.35 million in scholarships to more than 2,300 students. The foundation supports formation programs across multiple countries, with a focus on enabling future MSC missionaries to serve globally.

named programs · 3 · from sources

What they call their work

Associates Program
Recognition program with eight giving levels, from Sponsor's Club ($0–$99) to Scholarship Society ($15,000+), to acknowledge and steward donor contributions.
Named Scholarships
Offers named scholarship opportunities for donors, including individual, family, and corporate designations. Each named scholarship provides $1,000 annually to a seminarian in the donor's name.
Scholarship Program
Provides financial assistance to seminarians of the Missionaries of the Sacred Heart worldwide, funding their education and formation. In 2023, $110,000 was awarded to 52 students across eight provinces.
activities · 2 groups

What they do

  • Multi-Institution Scholarship Funding 1 activity
    • Funding seminarian education for the Missionaries of the Sacred Heart
      Awards grants to support the education of individuals studying to become priests and brothers of the Missionaries of the Sacred Heart globally. Since 1967, has awarded over $2.35 million in scholarship funding to more than 2,300 seminarians across more than 18 countries and eight provinces, including $110,000 to 52 seminarians in 2023 and $100,000 to 88 seminarians in 2022.
  • Community Service Office Operations 1 activity
    • Operating a community service office
      Operates an office open by appointment to serve the community.
financials · form 990 · fy2025
revenue
Total revenue$656K
Contributions & grants$50K8%
Program service revenue$00%
Investment income$523K80%
Other revenue$83K
expenses
Total expenses$279K
Program expenses53%
Admin / overhead30%
Fundraising17%
Salaries & benefits$53K
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$5.40M
Cash$204K
Investments$5.19M
Liabilities$1K
Net assets$5.39M
Liquid reserves232.3 mo
5 years on record · 2020–2025 · YoY revenue -11.8%
leadership · form 990 part vii · fy2025

Who runs it

board members · 15
  • DCN BERNARD SLATE — BOARD MEMBER
  • FR RAY DIESBOURG MSC — BOARD MEMBER
  • FRANK REFF — BOARD MEMBER
  • JAMES PETERS — BOARD MEMBER
  • JESSICA CAPRARA — BOARD MEMBER
  • JOHN ALTERI — BOARD MEMBER
  • JUDY PEARSON — VICE PRES
  • MARK THOMPSON — SECRETARY
  • NANCY MCCABE — BOARD MEMBER
  • PATRICK HENRY — BOARD MEMBER
  • PATRICK SIGNOR — PAST PRESIDE
  • ROSE BUSLER — BOARD MEMBER
  • TAMASINA SHARLOW — TREASURER
  • THOMAS BRUNO — BOARD MEMBER
  • TODD MURROCK — PRESIDENT
relationships · 17

Who they work with

  • Dcn. Bernard Slate Partner — Funded the Lewis E., C. Agnes, and Deacon Bernard E. Slate Scholarship.
  • Facebook Partner — Uses Facebook as a channel for receiving messages from the public.
  • Facebook Partner — Uses Facebook to share content and engage followers through a weekly series.
  • Frank Reff Partner — Funded the Reff and Hermann Memorial Scholarship.
  • Instagram Partner — Uses Instagram as a channel for receiving messages from the public.
  • John Tucker Partner — Established the Tucker Family Scholarship and a second named scholarship in support of seminarian education.
  • Knights of Columbus Council #259 Partner — Named donor supporting the Sacred Heart Foundation through the Named Scholarships program.
  • M.G. O'Neil Foundation Funder — Funded the M.G. O'Neil Foundation Scholarship for seminarian education.
  • M.G. O’Neil Foundation Partner — Named donor supporting the Sacred Heart Foundation through the Named Scholarships program.
  • Mary and Ted Mascott Partner — Funded the Fr. Mark McDonald, MSC Scholarship.
  • Missionaries of the Sacred Heart Partner — Collaborates with the Sacred Heart Foundation to include named individuals in daily masses, prayers, and good works.
  • Missionaries of the Sacred Heart Partner — Funds the education of seminarians studying to become priests and brothers of the Missionaries of the Sacred Heart.
  • Missionaries of the Sacred Heart Partner — Provides financial support to MSC seminarians through scholarships and educational funding.
  • Missionaries of the Sacred Heart Partner — Recipient of financial assistance for the education of individuals training to become priests and brothers.
  • Twitter Partner — Uses Twitter as a channel for receiving messages from the public.
  • Watertown Savings Bank Partner — Named donor supporting the Sacred Heart Foundation through the Named Scholarships program.
  • X Partner — Uses X as a channel for receiving messages from the public.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.