Catholic Community FOUNDATION OF of one heart SOLIDARITY INSPIRING GENEROSITY

ANNUAL REPORT 2019 Dear Friends,

What is a community if it doesn’t hold beliefs in common and come together to act on those beliefs? Isn’t that what we celebrate at Mass? When our shepherd holds the host before our eyes and says, “The Body of Christ,” we affirm our belief with a simple “amen” — it is so. Then, we take and eat. We believe, and so we do.

Since its founding, the Catholic Community Foundation of Minnesota (CCF) has been a place for Catholics of all charisms to gather and express gratitude for their blessings. While giving priorities vary, our donors are united by a profound belief that they are temporary custodians of resources which they are called to share with others. They believe, and so they do.

CCF facilitates this important work, and the more we share the stories of our donors, the more eager faithful Catholics are to join us. This year, the number of new funds opened rose 20 percent, and assets have grown to $378 million. Donor-directed grants totaled $15.3 million, and CCF awarded of one heart $1.3 million to our Catholic community. SOLIDARITY INSPIRING GENEROSITY Though numbers are important, they never tell the whole story. Like the relief a family feels when they receive tuition assistance, making it possible to send their child to a Catholic school. Or when ACTS 4:32 the humanity of a homeless person is recognized, and they receive shelter and culturally responsive The community of believers was of one heart and mind, and no one claimed services. Whether it’s acting on the Church’s commitment to justice, or laying the groundwork for the future of the Church, CCF donors work in solidarity to build a better community. that any of his possessions was his own, but they had everything in common. Entrusted with the generosity of our donors, we also continue to evolve as a Catholic investor. Where once we simply screened investments in order to align with Catholic teaching, now we also leverage our influence as a shareholder and invest funds in ways that explicitly promote the common good. Like the early community of believers we read about in the Acts of the Apostles, I am always humbled by the sacred trust our community has given us to steward their generous faith our Minnesota Catholic community is passionate and bold in its shared faith. in action. To our donors, community partners, and board members, thank you. You have shown, And we, too, strive to be “of one heart” — to place solidarity above self. We once again, that we are always better when we work together with one Catholic heart.

demonstrate this commitment through inspired generosity that seeks to steward Sincerely, our faith and strengthen our entire community now and forever.

Anne Cullen Miller, MBA President OUR MISSION The Catholic Community Foundation of one heart SOLIDARITY INSPIRING GENEROSITY was founded in 1992 with the mission to support financially the spiritual, educational, and social needs of our CONTENTS 4 2019 Assets and Grants Snapshot 6 Financial Reports Catholic community. 8 Navigating Aid to the Homeless with Compassion, Purpose, and Solidarity 12 Legacy Society Members OUR GUIDING PRINCIPLES 14 Passing Along Faith and Blessings with a Grateful Heart CATHOLIC IDENTITY — We reflect our Catholic 16 Endowed Funds faith in all we do; embrace the breadth, diversity, and commonality of Catholic interests; and assure that 18 Investing and Grantmaking with a Catholic Heart investments and grant recipients are in alignment with 22 Donor Advised Funds Catholic values. 24 Legacy Fund SERVICE — We respond to the financial needs of the 26 Endowing the Heart of a Parish Community Catholic community and contribute to effective solutions; collaborate with other nonprofit organizations when 28 Institutional Endowed Funds consistent with our mission; and provide for the needs of 30 Agency Funds future generations. 31 Gifts to Support Our Mission PUBLIC ACCOUNTABILITY — We recognize and act 32 Board of Directors on the understanding that community foundations are sustained by public trust, which is earned by full, open, 33 Staff and public disclosure.

2 3 Other Unrestricted Funds $0.4M Donor Advised Funds $10.9M

Endowed Funds NEW59 FUNDS $16.6 Million GRANTS BY $4.1M OPENED GRANTS DISTRIBUTED SOURCE 13 – Agency 4 – Endowed 33 – Donor Advised 9 – Institutional Endowed

Institutional Endowed Funds $1.2M Educational Social $5.3M / 549 grants 2019 $5.7M / 1,007 grants $378 Million GRANTS ASSETS HELD BY CCF BY IMPACT 265 265 AREA GRANTEES 242 BY GRANT SIZE Trusts Endowments Spiritual / 209 funds $5.7M / 19 funds $117.7M $5.6M / 1,156 grants

Institutional Endowments Legacy 85 / 165 funds $5.7M / 2 funds $46.8M ASSETS DISTRIBUTED 17 SINCE 1992 BY FUND Donor Advised $171M+ Miscellaneous Assets $200K and up $25K to <$200K $5K to <$25K $1K to <$5K <$1K $43.4M / 283 funds $6.8M TYPE

Annuities By Geography STAY IN MINNESOTA 11% Agency 89% OUTSIDE MINNESOTA $5.3M / 194 funds $146.6M / 230 funds F Y2019 By Direction $15.3M 92% DONOR-DIRECTED $1.3M 8% CCF-DIRECTED SNAPSHOT GRANTS

By Grantee Type CATHOLIC $0.8M SECULAR $11.5M FAITH-BASED $4.3M

4 $19.6 Million ASSET GROWTH 2,712 GRANTS DISTRIBUTED TO 874 NONPROFITS STATEMENTS OF ACTIVITIES STATEMENTS OF FINANCIAL POSITION

For the years ending June 30 2019 2018 As of June 30 2019 2018

Revenue Assets Total Contributions $23,582,467 $ 28,748,536 Cash & Cash Equivalents $11,474,196 $ 9,905,619 Less: Amounts Received for Beneficial Endowments 5,146,214 3,160,152 Investments 359,420,898 340,324,720

Net Contributions 18,436,253 25,588,384 Beneficial Interest in Trusts 506,135 681,297 Management Fee Income 1,100,770 1,078,333 Cash Surrender Value of Insurance Policies 3,799,934 3,668,878 Investment Income, Net of Investment Expenses 7,806,783 12,000,123 Pledges & Bequests Receivable 1,825,791 3,072,728 Change in Value of Split Interest Agreements (105,128) (241,206) Other Assets 888,378 654,570 Total Assets $377,915,332 $ 358,307,812 Total Revenue 27,238,678 38,425,634 Liabilities Program Grants Accounts Payable & Accrued Liabilities $1,393,755 $ 1,303,732 Total Grants 16,625,756 13,641,903 Agency Obligations 148,069,573 142,691,106 Less: Grants Made on Beneficial Endowments 1,211,118 1,068,900 Beneficiary Endowments 46,759,767 41,027,780 Net Grants 15,414,638 12,573,003 Charitable Trust & Gift Annuity Obligations 5,650,760 6,476,012

Operating Expenses Total Liabilities 201,873,855 191,498,630 Donor Relations & Development 1,358,285 1,315,340 Net Assets 176,041,477 166,809,182 Management & General 914,446 907,873 Grant Services 319,014 295,367 Total Liabilities & Net Assets $377,915,332 $ 358,307,812 Total Operating Expenses 2,591,745 2,518,580 Audited financial statements containing all required disclosures and IRS Form 990 are available at www.ccf-mn.org Change in Net Assets 9,232,295 23,334,051 Beginning Net Assets 166,809,182 143,475,131

Ending Net Assets $176,041,477 $ 166,809,182

6 7 Navigating Aid to the Homeless with Compassion, Purpose, and Solidarity

In the fall of 2018, a Catholic Community Foundation of Minnesota (CCF) A STRONG CALLING TO SERVE donor became increasingly concerned about an encampment of people experiencing homelessness that had developed on Hiawatha Avenue. Knowing he had the funds to make a difference, the donor met with his As he passed it each day on his way to and from work, he wondered family to discuss his desire to make a one-time donation to serve as a what would happen to those living in tents when temperatures would catalyst for community action in addressing the humanitarian crisis. With eventually plummet. Having grown up in Minneapolis, he felt this was his their full support, he took action. home and these were his neighbors. “I knew we would need a partner to assist us with anonymously From press reports, he knew that Native American organizations and supporting the project,” says the donor. “Being Catholic and knowing other nonprofits serving the homeless were developing a plan to move about the great work done in our community by the Catholic Community residents from the encampment to a “Navigation Center” that would Foundation, I phoned Anne Cullen Miller and told her about our family’s combine temporary shelter with wrap-around social services. calling to support the Navigation Center.” City officials were openly acknowledging they’d have difficulty raising “I believe the timing of the call was providential,” says CCF President Anne the $1.5 million needed to build a temporary shelter — much less an Cullen Miller. She had driven by the encampment the day before and additional $1.5 million to fund operations. also worried what would happen when the weather changed. “It was an enormous challenge and not something CCF had ever done at that scale Gerald and Henrietta Rauenhorst meeting with Saint Teresa of Calcutta in 1981. — but who could refuse to facilitate such generosity?”

9 8 Photo credit: Michael Haug AN EIGHT-WEEK MIRACLE

100% Residents receive emergency shelter and social services.

BUILDING Anonymous CCF Donor gives CCF works with community CCF provides flexibility CCF provides donor DEC 11, 2018 RESIDENTS $1.5M EXPENSES $1.5M remaining $1.5M to fund partners to maximize while holding closely to with updates as the 49% PLACED OPERATING operations. donor’s gift. budget and deadlines. project progresses. Navigation Center OCT 16, 2018 City Council EXPENSES welcomes first residents. Connected to housing, nursing JUNE 3, 200+IN DIRE NEED appropriates funds to build homes, or treatment programs. Navigation Center. Placement efforts begin. 2019 Homeless encampment 13% Residents working Navigation Center grows dramatically. 176 individuals stay at toward housing placement when and temporary the Navigation Center. the Navigation Center closes. shelter closes. “CCF was very upfront that no matter how many checks and balances we put in place, the project was a leap of faith. Anne was amazing in terms of providing us with frequent updates to keep us informed as the project progressed.” — Anonymous CCF Donor

A COALITION OF THE MORE-THAN-WILLING While the City of Minneapolis bore the cost of building the center, the SPIRITUALITY IN ACTION SIX MONTHS LATER operational costs were funded almost entirely through the generosity While CCF didn’t have the internal resources to construct or manage a of CCF’s anonymous donor. Catholic teachings encourage sensitivity and respect for other cultures By the time the Navigation Center closed in June, 2019, 49 percent of facility designed to house, feed, and provide services to nearly 200 people and their traditions. For this CCF donor, honoring Native American the encampment residents who moved there had been connected to in dire need, Anne had a network of community partners who gladly “The Catholic Community Foundation was definitely at the table as culture and spirituality was as essential as providing food and shelter. housing, nursing homes, or treatment programs — many more than agreed to help CCF maximize the impact of the donor’s generosity. we were figuring out logistics like how to pay for everything from snow He was happy to provide financial support the typical 15 percent of adult removal and security to laundry for the Native American “navigators” who shelter guests who move into Her first call was Catholic and temporary toilet facilities,” says connected residents with resources for “The funds provided by the Catholic Community permanent housing. Charities of St. Paul and “This was a public/private partnership of unprecedented Steve Horsfield, executive director stable housing, medical care, mental health, Minneapolis. “At the time of the Foundation paid for those services. It really made Margaret believes the leadership speed, scale, and intensity. I don’t know if it would have of Simpson Housing Services, and chemical dependency services. encampment, all of the shelters the organization responsible for a difference, particularly to individuals who were provided by the Metro Urban in the Twin Cities were already been possible without CCF’s anonymous donor.” operating the Navigation Center. Mike Goze, president of the American Indian Indian Directors, a consortium of full,” says Tim Marx, president Community Development Corporation suffering from homelessness or substance abuse.” Native nonprofits, was key to the — Tim Marx, President & CEO, Catholic Charities and chief executive officer “CCF gave us a great deal of (AICDC) worked with the Minnesota Indian — Mike Goze, President, AICDC unprecedented success of the of Catholic Charities. He was flexibility which was important Women’s Resource Center (MIWRC) to recruit Navigation Center, “Going forward, immediately on board to provide given the short time frame,” says Steve. “On the other hand, they and manage the Native American navigators this project will change the way whatever assistance he could. expected us to be accountable for budgets and timelines.” who helped ensure that traditional Native public agencies interact with Native practices, prayers, and ceremonies were part of daily life. American nonprofits.” AN EIGHT-WEEK MIRACLE “In my 25 years in public service, I don’t think I’ve ever seen a project come together so quickly,” says Margaret King, who served as project “The funds provided by the Catholic Community Foundation paid for The anonymous donor is grateful for having had the opportunity to serve, A team of government and nonprofit agencies moved heaven and earth coordinator for the Navigation Center and who had previously worked those services,” says Mike. “It really made a difference, particularly to “Our family felt incredibly blessed to have been part of such a unique to erect the temporary Navigation Center, where encampment residents as director of housing programs at Seattle’s Downtown Emergency individuals who were suffering from homelessness or substance abuse.” response to a crisis in our community. We feel a great debt of gratitude to could not only survive the winter but find paths to permanent housing Service Center. CCF for providing such committed leadership throughout the journey.” l and more stable lives.

10 11 Legacy Society Members

The Legacy Society honors A William Altenhofen † Dr. Paul and Ann Dickinson Rev. Msgr. Patrick Hessian † Norbert and Teresa Krenik Gerald and Kathleen Meyer Most Rev. , D.D. † Robert and Anne Strachota Bernadette Amerongen Drs. Mark Diekmann and Eugene and Barbara Hickok Thomas and Janet Krocheski Doug and Sandy Milroy Dorothy and Robert Roth JoAnne Streich † individuals and families who Charles and Viola † Amundsen Deborah Pryor-Diekmann Rev. Mr. Gary and Jacqueline Hoffman Rev. Alphonse Kubat † Luther and Gertrude Moen † John † and Carol Rueb Marilyn and Michael Sullivan John and Elsie Andraschko Thomas and Betty Nell Dolan Thomas and Patricia Holloran Kathryn Kubinski Kathryn Doyle Mooney Margaret Ryan † Carol Swanson have entrusted their charitable Walter Andrychowicz † James and Christine Doody Marjorie Horst † Eunice Kuehn Sally Moran and Raymond Wey Rev. Patrick Ryan Steven Szarke John and Kim Arens Dr. George and Patricia Dorsey † Marjory Hougher † Kathryne Kuhns Rodger † and Marjorie Mountain S Robert and Mary † Sahli T Gerald † and Bernice Tacheny legacy to the perpetual and Filemon † and Shirley Asuncion Most Rev. Paul Dudley, D.D. † Rev. Leo Huber † L Suzanne Laddusire Barbara Mulcahy Robert † and Kathleen Sather Dr. Joseph † and Mary Thul James Audette Thomas and Hannah Dzik Patricia Huber and Jerry Cawley Joseph and Teresa Lahti Harold and Bernice Mullen M. Scott and Ellen Sayer Rev. Michael Tix faith-consistent stewardship B David and Rita Baden E Alfred and Mary † Elder Thomas and Julie Hurley Stewart † and Kathleen Laird James and Franchelle Mullin James and Mary Schacker Leonard and Lois Tracy † Patrick and Sandy Baldwin Marilou and Donald Eldred Carolyn Huston Carlo and Virginia LaManna Sr. Katherine Mullin, VHM Roger and Irma Scherer Michael and Michele Traeger of the Catholic Community Severne Banack Thomas and Patricia Emmer Clarence and Bernice Hynes Louis and Loretta Langer Richard Mullin and Mary Joanne Henry Bernadine Schmidt Margaret Turner † Donald † and Marjorie Bartho Larry and Janet Enerson I Shaun Irwin Phyllis Langfield William † and Chouhei Min Mullin Rev. George Schmit, Jr. Donald and Jolene Twombly Foundation. We are deeply William L. Belkengren Theodore and Mary Estrem † J Richard and Ruth Ann † Jacobs Robert † and Maureen Lannan Catherine Grace Murphy † Ronald and Nadine Schoenborn V Bernard and Kathleen Vagnoni † Robert and Mary Belongie F Raymond and Genevieve Feltl † Len and Bea Japs † James and Barbara Larkin † William Murphy Robert and Marianne Schoenecker Lawrence and Suzanne Vanden Plas grateful for their dedication Karl Berndt † Susanna Fleischhacker † Donald and Marian Jardine † Robert and Florence Larkin † N Martin Newell † Marguerite Schoengart Roger and Lynn Vasko Mary Bettenburg Rev. Martin Fleming † Leo and Arlene Jarombek † Peter and Mary Larsen Timothy Nichols Ranee and William Schouviller Pete Vestol † and charitable vision. This Richard and Carol Biniek Richard and Margaret Fleming † Ray † and Cleorie Johnson Philip LaVelle † Mickey Nickelson Elizabeth Schreiner † Nancy Villwock Earl and Lorraine Blaylock † Paula Flück † Warren Johnson † Maurice and Alice Leuthner Robert † and Helen Nicklaus Mary Schubert W William † and Barbara Wagner list reflects membership in Dolores Blenkush † Most Rev. Harry Flynn, D.D. † Clarence and Clara Jorgensen † Diane Liemandt-Reimann and F. Gerald and Monica Nilles Ed and Mary † Schumacher Yvonne Wagner † Warren and Marilyn Blomquist † James and Elizabeth Foley Paulette Joyer Ron Reimann Gregory and Kunthida Novak Steven Schuster Charles and Denise Waletzko the Legacy Society as of Harold and Patricia Boerboom † Lyle † and Barbara Franke Thomas and Shirley Jungels James and Eleanor Lyons † Rev. Robert C. Nygaard Peter † and Ann Schweitzer Donald and Mary Waletzko Patricia Borre Francis † and Jean Franta K Mary Kading † M Daniel † and Jean MacDonald O Kay O’Brien Bunker † Kenneth Scully † Rev. Msgr. John Ward † June 30, 2019. Daniel and Mary Jane † Borrell Joleen Franta † Charlotte Kangas † Sheila MacDonald † Richard and Suzanne Opitz Thomas and Janice Segar Marlys Weber Ellen Cull Bouslough † Eugene and Mary Frey Anne Keller Daniel and Penny Malecha P Phil and Connie Paquette James and Lucia Seidel Rob and Mary Weber Dr. R. Michael and Sharon Bowen Rev. Francis Fried Barbara Keller † Catherine Marien † Rev. William Paron Greg and Sara Seifert William Wegscheider † Harold Brady Clara Fulton Bernice Kelly † Barbara Martin Harold and Wendy Parsons David and Patricia Serreyn Jerome † and Mary Ann Weigenant Milton and Adeline Brecke † G Thomas Gainor and Jan Nolan Gainor Gerald † and Charlotte Kelly John and Dorothy Matschi † Robert and Rita Peichel Dr. Gregory M. Sheehan Don † and Arlene Welbes Jerome Brown † Elizabeth Gardner Clarence and Dorothy Kelzer Lawrence † and Barbara Matthews Wayne and Patricia Pelzel John Shrake † Gene and Ivalea † Wendlandt Bolded names denote members John and Betty Bruender Rev. Msgr. Francis Garvey † Lorraine Kelzer Francis and Mary Louise Mayer † Warren † and Rachel Pennig Mark Shrake Albert and Mildred Wesely † Rev. John Brunner † Ronald and Brenda Gieneart Mary Kay Kennedy Marian McCarty Ebert and Valeria Pezzani † Rev. Leonard Siebenaler Thomas and Gloria Wesely inducted into the Legacy Society Frank Bruns, Jr. Philip † and JoAnn Gitter Robert and Margaret † Keppel Eugene † Ebert Henry and Dorothy Piché † Nicholas and Susan † Simons Robert and Mary Wesslund † Raymond and Helen Brya † Rev. Robert Goblirsch Adella Kerber † Darrel and Glenda McDonald † LeRoy † and Cecilia Piché Rev. Robert Sipe Carol Whaley in fiscal year 2019. Leona Burke † Richard and Delphine Goldstrand † Edwin Kerber † Rev. Kevin McDonough Mildred Pike † Brien Slawik and Monika Strom Judith Whitacre J. Donald Burns † Edward † and Barb Gorski Elizabeth J. Keyes Hugh McElroy Ron Plante Harold and Sharon Slawik George and Dorothy White † Thomas Busch Thomas and Joleen Greene Ralph and Bette Keyes † Rosemarie McGiffin Terrance Plante † Jerome and Delores Slawik Kathleen Wichmann The † symbol denotes Legacy Vivian Byers † John and Patricia Gries Margaret M. King † Jay McGivern Arthur Popehn Rev. Stanley V. Sledz Richard † and Sunny Wicka Rev. Albert Byrne † Julie Grill Harry and Audrey Kirby † Lawrence and Andrea † McGough Rev. Francis Pouliot George and Jeanne Slipka † Angela Widi † Society members who have C Frances Callaghan † Dr. Joseph and Clarice Gryskiewicz Rev. Francis Kittock Michael and Janet McGough Robert † and Dorothy Prax Ronald and Mary Smith Martha Wiggins † Francis and Ruth Callaghan † Robert † and June Gust James and Mary Klein † Timothy McGough Alexander † and Caroline Puzak Stanley and Gladys Sommers † Theresa Wilkes passed. Please hold them in William and Connie Carroll † H Rev. Paul Hadusek † Rosann and Kenneth Klutzke Dorothy A. McGuire R George † and Anne Raiche Robert and Lucille Speeter † Rose Williams Joseph and Fern Check † Edward and Margaret Hagerty † Jan Kohler and Kenneth † Schwalbach Peter † and Mary McKenna Fred Ranallo † Rev. Msgr. Stanley Srnec † Steven and Lynn Wolf your thoughts and prayers. Donald and Oma Christle † Raymond and Sally Haik † John and Kathleen † Kokesh Mary Cullen McKeown and Arnold † and Deanna Rasmussen John and Nan Steger Daniel Wolfe and Carol Frey Wolfe Robert and Judith Claflin Mary Ellen Halverson John and Rajah Kolb † Tom McKeown Dr. Mary R. Reichardt John and Eleanor † Steichen Rev. Richard Wolter † Alfred Colling Mimi and John Harrigan Allen † and Elaine Kolles Michael McNamara and William and Joanne Reiling Agnes Stensby Genevieve Woods † Clement and Molly Commers Hazel Heim † Richard and Karen Koppy Mary Beth † O’Reilly Drs. James † and Christine Renier Florian Sterner Rev. Msgr. Robert Wyffels † Dr. Joseph and Louise Connolly † Quentin † and Sally Heimerman Joan Korkowski Richard and Carol McNamara John and Eleanor Reusch † Mark and Lee Ann Sticha Y Alma Young † Norb and Mary Ellen Conzemius George and Katherine Henrich Richard † and Mary Anne Kramer John and Jane McNeill Richard and Dorothy Revord † William † and Anne Stocks Z Richard Zarneke D William and Marilyn Dejarlais Julia Herl † Dr. Stephen and Marla Kramer Aida Mendez and Raul Andruet Br. William Rhody, F.S.C. † Gertrude Stoltz † Germaine Zeglin † Rev. Dennis Dempsey Lawrence and Barbara Hessburg Vivian Kratz † Susan Meneely Gerald and Diane Riebel Clara Storms † Leonard † and Irene Zvanovec

12 13 Passing Along Faith and Blessings with a Grateful Heart

“I’ve lived many places and done many things,” is Jay Ward’s answer when Jay and Lisa have endeavored to instill in their children a love of faith and asked where he’s from. It’s an accurate response. At the age of seven, Jay a commitment to generosity. And as parents, they have been inspired by was adopted by loving parents who raised him in Florida. After graduating their children’s generous hearts. “Our goal was to convey to our children from the U.S. Naval Academy, he took part in Operation Desert Storm that God loves them and that everything we have is a blessing,” Jay in Iraq. Jay left the military as a lieutenant and parlayed his engineering explains. “Understanding that leads to gratitude.” degree into a business career that has spanned nearly 30 years, taking him around the world as he climbed the ranks from plant manager to Jay is nothing if not grateful. “It’s almost comical, some of the blessings his current position as CEO at Quadion LLC., better known as Minnesota we’ve had,” he muses. As a business executive, Jay has experienced the Rubber and Plastics. rollercoaster-type rewards of the private equity world. “I’ve been lucky,” he admits. “Although, I know it’s not luck — it’s a God thing.” Jay is also a family man. Two years after he and his wife Lisa married, they adopted five brothers from Siberia, ages 4 to 14, then went on to have Opening a donor advised fund at the Catholic Community Foundation of five more children. Now Jay and Lisa live in Prior Lake with their three Minnesota (CCF) enabled Jay and Lisa to more closely align giving with youngest. On top of his work and family commitments, Jay makes time to their Catholic identity. “Anything that supports the Holy Church is great,” THE LESSON serve on the board of directors for St. Paul’s Outreach, which ministers to Jay says. Through the fund, Jay and Lisa support the organizations and college students, and he’s the board chair at Chesterton Academy where causes most important to them, such as Catholic education at Chesterton his children attend high school. Academy, the evangelical work done by St. Paul’s Outreach, several “Everything we organizations that promote pro-life activities, Pro Ecclesia Sancta, and FAITH AND TRUST LEAD TO GIVING their parish, Holy Family in St. Louis Park. have is a blessing. While Jay is constantly on the move, he is firmly grounded by his faith, for In addition to being informed by the Gospel, Jay says that Lisa taught him Understanding that which he credits his parents. “Both passed away when I was in college, a simple theme: be generous and trust God. “Do I want to save up and but they were truly incredible people,” Jay recalls. “My father was one have everything in the silos for all the things that might happen, or am I leads to gratitude.” of the first permanent deacons in Florida and was very active in prison willing to trust in God?” he asks. “I’m not always great at that so I don’t ministry. He was an amazing example for me.” want to sound like I’m preaching,” he adds. “But, really, the ultimate goal is to give everything away.” l

14 15 Endowed Funds

An endowed fund is a A Annunciation Parish Endowment Fund, Minneapolis Friends of Catholic Urban Schools Endowment Fund Lyons Family Tuition Assistance Endowment Fund Donald and Veronica Poquette Charitable Endowment Fund Star Family Endowment Fund Archdiocesan Venezuelan Mission Endowment Fund Robert F. and Clara M. Fulton Foundation Endowment Fund M Catherine O’Connor Marien Legacy Endowment Fund Preaching and Presiding Institute Endowment Fund T Sr. Jean Thuerauf Endowment Fund permanent gift that will provide B Severne M. Banack Endowment Fund G Gainor Endowment Fund Mary Mother of God Endowment Fund, Duluth Priests Continuing Education Endowment Fund Total Life Care Centers Endowment Fund Benilde-St. Margaret School Endowment Fund, St. Louis Park Msgr. Francis J. Garvey Endowment Fund Burt and Patricia McGlynn Family Scholarship Priests Retirement Endowment Fund Trinity Foundation Educational Endowment Fund, a perpetual source of funding Blessed Virgin Mary Charitable Endowment Fund Richard and Delphine Goldstrand Charitable Endowment Fund Endowment Fund R Rauenhorst Family Scholarship Endowment Fund St. Louis Park Harold and Patricia Boerboom Priests Retirement Endowment Fund Good Shepherd School Education Endowment Fund, Golden Valley O. Bernard and Dorothy Ann McGuire Tuition Assistance William and Joanne Reiling Endowment Fund V Corinne Van Heel Endowment Fund to designated charities or Jerome J. Brown Endowment Fund Tom and Joleen Greene Family Endowment Fund Endowment Fund for St. Mark School, St. Paul Carl J. Remick Jr. Endowment Fund Norman W. and Nancy B. Villwock Family Endowment Fund Brown-Mountain Family Advised Endowment Fund John and Patricia Gries Endowment Fund Donald and Bernice Messerich Family Charitable Jim and Chriss Renier Scholarship Endowment Fund W Wagner Family Endowment Fund charitable causes. With an Rev. John H. Brunner Charitable Endowment Fund Growing in Faith Endowment Fund Endowment Fund Respect Life Program Endowment Fund Joseph and Angeline Waletzko Scholarship Brya Family Endowment Fund Guest House Endowment Fund Milroy Family Designated Endowment Fund Richard G. and Dorothy E. Revord Family Charitable Endowment Fund endowed fund, charitable Robert and Dolores Buril Endowment Fund Guild of Catholic Women Endowment Fund Phillip and Barbara Milroy Cathedral School Scholarship Endowment Funds Wegscheider Saint Paul Seminary Endowment Fund Burns Family Charitable Endowment Fund H Haugh Family Endowment Fund for Catholic Teachers and Endowment Fund, Superior, WI Cole Richardson Endowment Fund Gene and Ivalea Wendlandt Foundation giving lives on for countless Vivian M. Byers Endowment Funds for Education Religious Education Directors Ministerial Enrichment Endowment Fund Most Rev. John R. Roach Endowment Fund Endowment Fund C Carondelet Life Care Ministries Endowment Fund Haugh Family Endowment Fund for Tuition Support of Missionary Sisters of St. Peter Claver Endowment Fund S Sacred Heart Fraternity of Secular Franciscan Robert and Mary Wesslund Endowment Fund for generations. Anyone can Connie D. and William C. Carroll Scholarship Endowment Fund Elementary Schools Molz Family Endowment Fund Endowment Fund St. Odilia Church, Shoreview Cathedral Foundation Endowment Fund Hazel C. Heim Endowment Fund Kathyrn Mooney Endowment Fund for George and Evelyn Sayer Scholarship Endowment Fund for Carol A. Whaley Charitable Endowment Fund create an endowed fund at Catholic Youth Camp Endowment Fund Jack and Barbara Hessburg Charitable Endowment Fund Annunciation Church, Minneapolis St. John the Baptist, Excelsior Martha H. Wiggins Charitable Designated Endowment Funds Center for Mission Endowment Fund Msgr. Patrick J. Hessian Endowment Fund Kathyrn Mooney Endowment Fund for Ronald and Nadine Schoenborn Endowment Fund Otto C. Winzen Charitable Endowment Funds the Catholic Community Cerenity-Marian Center of St. Paul Catholic Service to the Earl and Kathy Hoagland Sacred Manoomin Endowment Fund Basilica of St. Mary, Minneapolis Kenneth W. Scully Endowment Fund Emil and Julia Wittman Memorial Endowment Fund Elderly Endowment Fund Dcn. Gary and Jacqui Hoffman Scholarship Endowment Fund for Kathyrn Mooney Endowment Fund for Catholic Charities Seifert Family Endowment Funds Rev. Richard J. Wolter Endowment Fund Foundation to support causes Joseph and Fern Check Legacy Endowment Fund Chesterton Academy, Edina Kathyrn Mooney Endowment Fund for David and Patricia Serreyn Endowment Fund Community Priorities Endowment Fund Dcn. Gary and Jacqui Hoffman Scholarship Endowment Fund for St. John Vianney Seminary Dr. Gregory Sheehan Scholarship Endowment Fund near to their heart. Conzemius Endowment Fund for Cretin-Derham Hall St. John the Baptist, Excelsior Kathyrn Mooney Endowment Fund for Sisters of the Good Shepherd Endowment Fund Mary Ellen Priebe Conzemius Endowment Fund Thomas and Patricia Holloran Catholic Charities Endowment Fund St. Olaf Catholic Church, Minneapolis Skipper Slawik Endowment Fund Cora Cooty Endowment Fund Rev. Leo Huber Charitable Endowment Funds Kathyrn Mooney Endowment Fund for St. Stephen Rev. Henry J. Sledz Endowment Fund for New City Ministry Rev. Francis Costiou, OMI Memorial Endowment Fund Hurley Family Caritas Endowment Fund Church, Minneapolis Slipka Family Charitable Endowment Fund Crosier Fathers and Brothers Endowment Fund I Immaculate Conception Church Endowment Fund, W. Edward Mullin and Mary Hester Mullin Charitable George and Jeanne Slipka Charitable Endowment Fund D Demontreville Jesuit Retreat House Endowment Fund Columbia Heights Endowment Fund Spiritual Formation of Catholic School Teachers Bolded fund names indicate Diaconate Educational Assistance Endowment Fund Immaculate Heart of Mary School Tuition Assistance Catherine G. Murphy Endowment Fund for Catholic Charities Endowment Fund William C. and Corinne J. Dietrich Charitable Endowment Funds Endowment Fund, Minnetonka Catherine G. Murphy Endowment Fund for St. Paul Seminary St. Catherine University Endowment Fund funds established in fiscal Maureen Dolan Jurek Charitable Endowment Fund J Jeffery Paul Johnson Memorial Endowment Fund Catherine G. Murphy Endowment Fund for St. Thomas More St. John School Endowment Fund, Little Canada Edward and Margaret Dudley Memorial Endowment Fund K Margaret D. Kane Endowment Fund Church, St. Paul St. John the Evangelist Tuition Assistance Endowment Fund, year 2019. E Elder Family Endowment Fund Sr. Brenda Kelzer Scholarship Endowment Fund N Nativity of Our Lord Endowment Funds, St. Paul Little Canada Marilou Eldred, Ph.D. Legacy Endowment Fund Abigail Kiesner Endowment Fund for Advancement of Nazareth Hall Endowment Funds St. John Vianney Seminary Endowment Fund Estrem Family Endowment Fund Professional Women Newman Center University Christian Studies St. Joseph Parish Endowment Fund, West St. Paul F Family of Faith Catholic Charities Endowment Funds Klutzke Family Values Endowment Fund Endowment Fund St. Joseph’s Home for Children Endowment Fund Family of Faith Education Assistance Endowment Fund Dr. Ellsworth and Mae F. Kneal Endowment Fund Nilles Family Endowment Fund St. Mark Scholarship Endowment Fund, St. Paul Family of Faith General Endowment Fund Elaine and Allen Kolles Endowment Fund Alex and Loretta Novak Family Endowment Fund St. Michael Church Endowment Fund, Stillwater Family of Faith Religious Education Endowment Funds L Carlo J. LaManna Family Scholarship Endowment Fund for O Our Lady of Good Counsel Endowment Fund St. Michael Religious Education Endowment Fund, Stillwater Family of Faith Support and Education for Priests Endowment Fund St. Paul Seminary Our Lady of Peace Education St. Paul Seminary Endowment Fund Family of Faith Tuition Assistance Endowment Funds Carlo J. LaManna Family Scholarship Endowment Fund for Endowment Fund, Minneapolis St. Paul’s Outreach Endowment Fund Raymond and Genevieve Feltl St. Joseph Church Tuition Assistance Our Lady of Peace Home Endowment Fund St. Peter School Tuition Assistance Endowment Fund, Endowment Funds, Hopkins Lannan Family Endowment Fund for St. Thomas Academy P Phil and Connie Paquette Charitable Endowment Fund North St. Paul Fleming Family Charitable Endowment Fund Fr. Patrick Lannan Endowment Fund Fr. William J. Paron Endowment Fund St. Peter Claver Tuition Aid Endowment Fund, St. Paul Florence A. Florance Scholarship Endowment Fund for Robert E. and Florence D. Larkin Charitable Endowment Fund Patrons of St. Anne School Endowment Fund, Le Sueur St. Rose of Lima Tuition Assistance Philip P. LaVelle Charitable Endowment Fund Valeria Pezzani Endowment Funds Endowment Fund, Roseville Florence A. Florance Scholarship Endowment Fund for Lenzmeier Family Endowment Fund Piché Family Endowment Fund St. Thomas Academy Endowment Fund DeLaSalle High School Clara Hill Lindley Clergy Endowment Fund Anthony and Melva Pierce Endowment Fund St. Thomas Aquinas Catholic School Endowment Fund, Archbishop Flynn Legacy of Faith Endowment Fund Erasmus C. Lindley Charitable Endowment Fund Arthur J. Popehn Family Foundation Endowment Fund International Falls

16 1717 Investing and Grantmaking with a Catholic Heart

The Catholic Community Foundation of Minnesota (CCF) has a history of earning healthy returns on its investments — but high returns aren’t CCF’s only goal. Catholic values and a desire to achieve the greatest good are at the heart of every investment CCF makes and every grant check CCF writes.

“We work hard to ensure that funds entrusted to us are invested in organizations whose business practices align or aren’t in conflict with Catholic teachings,” says CCF President Anne Cullen Miller. “We take that commitment very seriously.”

18 19 FULFILLING THE PROMISE OF FAITH-BASED INVESTMENT STRATEGIES GUIDELINES FOR GRANTMAKING THAT CAN STAND THE TEST OF TIME

Putting into practice the Socially Responsible Investment Guidelines In 2019, CCF again called upon IWP Capital, LLC — a firm that has voted Whether a grant comes from a donor advised fund, endowed fund, institutional endowed fund, recommended by the United States Conference of Catholic Bishops more than $3.5 billion in Catholic values proxies — in order to be a more or an unrestricted fund, the organization or cause it goes to will be thoroughly screened. That’s (USCCB) has been a deliberate, evolutionary process at CCF. As of 2019, all active shareholder and more involved in corporate engagement efforts been true since CCF was founded and will remain true in perpetuity, thanks in no small part to our three USCCB strategies for principled stewardship — Do No Harm, Active which include letter writing and ongoing discussions. grantmaking guidelines. Corporate Participation, and Promote the Common Good — are fully reflected in our faith-consistent investment practices. “We enlist researchers and partners in investment screening and No matter where a Last year, in an effort to continuously improve CCF’s grantmaking, the Grants Committee reached shareholder advocacy, but remain actively involved in bringing faith- out to Catholic community and family foundations locally and nationwide to find out what guidelines 1. Do No Harm: “It only makes sense to make investments that based perspectives to corporate engagement,” says Anne. grant comes from, the they were using to screen grantees. are consistent with Catholic social teaching,” says CCF Investment 3. Promote the Common Good: Since 2018 CCF has been full-heartedly “We were somewhat surprised to find out that CCF was pretty far ahead of the game in terms of Committee Chair, Julie Gerend. In addition to overseeing investments organization or cause it and manager selection, Julie’s committee is charged with ensuring that fulfilling Pope Francis’s vision of “putting the economy at the service of performing due diligence,” says Grants Committee Chair Emery Koenig. “Very few organizations had CCF investments don’t support things people” with impact investments. Currently, CCF invests approximately goes to will be thoroughly formal processes in place.” antithetical to Catholic values — such $9 million — or roughly 2 percent of its portfolio — in local, national, A notable exception was Foundations and Donors Interested in Catholic Activities (FADICA), an as abortifacients, weapons production, screened. That’s been organization whose members share CCF’s interest in applying Catholic principles to grantmaking. predatory lending, or gambling. “We’re very excited about generating profits with and global funds that yield a purpose and investing for the common good. We’ve fiscal return while promoting the true since CCF was FADICA members, too, were interested in exploring how Catholic donors can pass down their faith- “CCF has really been at the forefront common good. proven we can be fiscally responsible while making a aligned philanthropy to future generations — even if future generations aren’t connected to the of investment screening,” says Sam founded and will remain Catholic faith tradition. Saladino, founder and Managing Director difference in the world.” In 2019, those funds included two of IWP Capital, LLC, who has provided affordable housing organizations, true in perpetuity, thanks “CCF sparked new thinking on these questions,” says Alicia Bondanella Simon, director of investment screening and consulting — Julie Gerend, CCF Investment Committee Chair CommonBond Communities and membership for FADICA. “They helped generate ideas for resources that may benefit Catholic services to CCF for more than eight years. Jonathan Rose Companies, as in no small part to our community and family foundations for generations to come.” well as Ascension Investment 2. Active Corporate Participation: As the funds under CCF management Management, a global impact fund that provides access to medical care grantmaking guidelines. CCF’s revised grantmaking guidelines are already making a difference. Earlier this year, Chris Nelson, have grown, so has CCF’s ability to influence corporate responsibility. in Africa, and energy solutions in rural South America. CCF’s vice president of development and donor engagement, was able to alert a long-time CCF donor “Simply buying a Catholic-screened fund isn’t enough for us,” says Anne. advisor that one of the healthcare organizations he’d been supporting for years had recently begun “We have a responsibility to do more.” “We’re very excited about generating profits with purpose and investing advocating for access to abortions as a healthcare right. for the common good,” says Julie. “We’ve proven we can be fiscally responsible while making a difference in the world.” “We’re not interested in naming or shaming organizations or publishing a list of ‘wrongdoers,’” says Chris. “We will, however, alert individual donors when a charity implements a policy or program antithetical to the teachings of our Church.” l

20 21 Donor Advised Funds

A donor advised fund is A Abele Family Charitable Fund E Douglas M. and Kathleen A. Eiden Fund Quentin J. Hietpas Fund Kunkel Family Charitable Fund Doug and Sandy Milroy Fund Roessler Family Fund T Fr. Ralph Talbot Fund ABPI Fund Alfred O. and Mary A. Elder Fr. Jim Himmelsbach Fund L Kevin and Maureen Lahr Fund Missions of Michael Fund John and Carol Rueb Fund Tautges Family Fund a simple, flexible account B Jo and Gordon Bailey Family Fund Charitable Fund Earl and Kathy Hoagland Sacred Stewart W. and Kathleen M. Laird Dan and Sheryl Moran Madonna Russo Charitable Fund Telep Family Charitable Fund Mike Bangasser Family Marilou and Don Eldred Charitable Fund Manoomin Fund Charitable Fund Donor Advised Fund Ryan Family Fund Tholkes Family Charitable Fund that allows you to make Charitable Fund Enestvedt Family Charitable Fund Janice Hoeschler Charitable Fund Carlo LaManna Fund Dr. John Morrison and Carrie Scherer S Sayer Family Foundation Fund Jeanne Thomas Charitable Fund International Beddor Fund Greg and Beth Engel Fund Delores and Bernard Hofschulte Family Lang Family Charitable Fund Family Fund Ellen and Scott Sayer Charitable Fund Tiffin Family Fund gifts, receive immediate tax William Belkengren Charitable Fund F F. M. Farrell Family Fund Charitable Donor Advised Fund David Lano Foundation Fund Cathy and John Muggee Fund John E. and Carole A. Sayer Charitable Fund Tinucci Family Charitable Fund Beranek Family Fund Fatima Charitable Fund Holy Angels Fund Laughery Family Fund Mulcahy Family Fund James C. and Mary E. Schacker John and Bonnie Treacy Family Fund benefits, and then recommend Antonio and Cecilia Bernardi Finley Family Fund Thomas and Patricia Hooley Family Robert L. Lee and Mary E. Schaffner James and Franchelle Mullin Fund Charitable Fund Jeff and Susan Turner Fund Charitable Fund Archbishop Harry J. Flynn Charitable Fund Charitable Fund Charitable Fund Les and Betsy Murphy and Pete and Judy Scherer Family Fund Twomey/Lord Charitable Fund grants on your own timeline. John and Cynthia Beuerlein Family Fund M. and M. Flynn Charitable Gifting Fund Bruce and Pat Huber Charitable Fund Regina M. LeMay Charitable Fund Pedersen Fund Gary and Carolyn Scherer Fund U Underwood Sullivan Advised Fund Bott Family Charitable Fund Peter and Mary Jo Forrest Family Fund Huberty Family Fund Lentz Family Fund Brian and Michelle Murray Georganne and Kristopher Scherer Utoft Charitable Fund Donor advised funds can be Michael and Dolores Boyle Family Francis of Assisi Fund Hurley Family Fund Letscher - Glancy Family Fund Charitable Fund Family Fund Joseph and Nancy Utoft Charitable Fund Charitable Fund Francois Family Charitable Fund Thomas and Julie Hurley Fund Morrie and Alice Leuthner Musech Family Charitable Fund Ed and Ann Schlueter Stewardship Fund V Vanden Plas Family Funds used to plan giving annually Bradley Family Godshare Fund Franske Family Fund J J and L Fund Charitable Fund N Nangle/Naphin Family Fund Schmidt Family Fund Gary and Sheri Vasko Family Fund John F. Brandes Fund Dennis and Barbara Frederick Jack and Kay Jasper Family Liemandt Family Fund Jesse and Jessica Nelson Bernadine E. Schmidt Charitable Fund J and J Vierling Family Fund and throughout your lifetime. Brennan Family Charitable Fund Family Fund Donor Advised Fund Logan Family Fund Charitable Fund Stephen and Carrie Schmitz Fund Bryan and Kimberly Volk Family Fund Peter and Maura Brew Family Fund French Family Charitable Fund Mark Joerger Family Fund Luy Family Fund Thomas and Mary Ann Newinski Marjorie J. Schneider Charitable Fund W Wagner Family Charitable Fund Bruski Family Charitable Fund Eugene U. and Mary F. Frey Fund David Johanneck Charitable Fund Richard and Jean Lynch Fund Family Fund James and Jan Schueppert Family Fund Ward Family Fund Florian J. and Dorothy M. and Thomas L. Friends of East Africa Fund Norbert and Veronica Johanneck M Fr. Stan Mader Fund Nick and Rosie of Minneapolis Fund Schuster Family Charitable Fund Warner Family Fund Busch Charitable Fund Furness Family Fund Charitable Fund Ernie and Susan Maier Fund O Deborah and John Murphy O’Halloran Fund Casey and Susan Scott Charitable Fund Waterfall Fund C Canto Family Fund G John and Emily Gainor Family Fund Mark and Nancy Johanns Maley Family Fund Opus Prize Foundation Fund Seagren Family Charitable Fund Jerry and Mary Welle Family Fund Bolded fund names indicate Fred and Molly Commers Fund Gazelle Legacy Fund Charitable Fund Mannix Family Fund Lawrence M. O’Shaughnessy Family Fund Segar Family Fund Wenger Family Charitable Fund Norbert and Mary Ellen Conzemius Fund Gary and Joan Geurts Fund Thomas R. and Catherine R. Joseph D. and Patricia Kalil Margarit Our Lady of the Lake Fund Greg and Sara Seifert Charitable Fund James Wicker Fund funds established in fiscal Cook Family Charitable Fund Gleason Family Fund Johnson Fund Family Fund P P and R Charitable Fund Karen and Patrick Shrake Charitable Fund Wier Family Fund Kathleen Cooney and Robert God’s Gift Through S and G Fund JM Joos Fund Martin Family Fund Palen Family Foundation Robert and Margaret Simmet Family Fund Wingerd Family Charitable Fund year 2019. LaBombard Family Fund Michael and Susan Gores Family Fund Thomas and Shirley Jungels Family Fund Steven and Helen A. Masica Family Fund Philip J. Paquette Charitable Fund Thomas W. and Rebecca E. Sinner Fund Michael and Pamela Wold Fund Cress Family Fund Tom and Joleen Greene Family K Gregory and Michelle Keeley Family Fund Mary Lou Mathiowetz Charitable Fund H. William and Molly Park Family Fund Harold and Sharon Slawik Fund Steve and Lynn Wolf Fund James Crow and Mary Quinn Crow Fund Charitable Fund Clarence F. and Dorothy A. Kelzer Fund Marjorie Mathison Hance Charitable Fund Harold and Wendy Parsons Fund Jerome and Delores Slawik Fund Woodlawn Avenue Fund James and Mary Crowley Fund Grommesh Family Fund Thomas and Diane Kemper Family John J. and Mary Anne T. Mauriel Richard and Karen Pearson Family Fund Robert and Diane Slayton Fund Wyatt Family Fund Hugh and Melissa Cullen Family Fund Patrick and Sally Gruber Charitable Fund Charitable Fund Charitable Fund Peichel Family Charitable Foundation Fund Small Things Fund Y Jon and Kalley Yanta Family Fund Cunningham Family Fund Grundtner Family Charitable Fund Robert E. and Margaret M. Keppel McCloughan Family Fund Pelner Family Charitable Fund Ronald and Mary Smith Charitable Fund Young / Sassie II Fund D Michele and Michael Darger Fund Guardian Angels Fund Charitable Fund McElroy Christian Youth Ministry Fund Petesch Family Charitable Fund MCJ Snyder Charitable Fund Z Richard D. Zarneke Charitable Fund Tony and Jennifer DelDotto Fund H Dan and Colette Hagen Family Fund Kiffmeyer Family Fund Andrea and Larry McGough Pfohl Family Fund Greg and Emmy Springer Family Edward C. and Marie C. Zech Fund Deo Gratias Fund Haik Family Charitable Fund Klein Family Charitable Fund Charitable Fund Pulles Catholic Family Fund Charitable Fund Marjorie Zeug Charitable Fund Russell Dickinson Celebrate Life Fund Halbur Family Fund Leon and Kathleen Kline Family McGrath Family Fund R Tom and Mollie Raih Family Fund St. Clare Charitable Fund Diekmann Family Charitable Fund Juli and Paul Halverson Fund Charitable Fund Mary Cullen McKeown Charitable Fund Judith Rauenhorst Mahoney Family St. Francis Fund Dienhart Family Fund Jean Hammar Charitable Fund John and Maureen Knapp Family Fund John D. and Jane A. McNeill Family Foundation Fund St. Jerome Catholic School Fund Divine Mercy Charitable Fund Harrington Family Fund Paul and Alison Knapp Family Fund Donor Advised Fund Reetz Family Charitable Fund St. Maximilian Kolbe Fund Morgan and Celine Donohue Family Fund Harwood Family Foundation Edward and Julianne Kocourek Kay Mellon Fund Donald and Jean Regan Fund for Hill Murray St. Richard’s Fund Adam and Kenna Dooley Family Fund Mark Hazzard and Sharon Simonson Family Fund Melsen Family Charitable Funds Sean O. and Mary D. Regan Family Fund John and Margaret Staiger Family Fund Duc in Altum Funds Charitable Fund Emery and Karen Koenig Fund John and Patrice Menard Family Fund Jim and Chriss Renier Fund R and M Stark Fund Edward and Margaret Dudley Family Healy Family Charitable Fund Kathleen and John Kokesh Fund Ted and Laura Merriam Family Fund Tom and Diane Repucci Charitable Fund Stenlund Family Foundation Charitable Fund Robert and Mary Healy Family Fund Allan and Elaine Kolles Charitable Fund Merrill Family Charitable Funds Reserve Township Fund Denise Stibal Charitable Fund DuFresne Family Charitable Fund Heimerman Family Charitable Fund Kranz Family Fund MGR Fund Michael and Connie Ricci Family Fund Sticha Family Charitable Fund Jack and Barbara J. Hessburg Fund Thomas and Janet Krocheski Bill and Julie Mikkelson Fund Erwin and Hedwig Riesgraf Family Fund Stocks Family Fund Hickok Family Fund Charitable Fund Mark Miller and Anne Cullen Miller Fund Janet M. Robert Charitable Fund Mary and Steve Stolz Fund

22 23 Legacy Fund

The Legacy Fund enables A Anonymous Donors Bernadette Amerongen the Catholic Community Mary Anderson † Betty Andrews THE LEGACY FUND Foundation to respond to James Audette Brig. Gen. Leo and Rosemary Goodrich † B Gordon and Jo Bailey Frederick † and Barbara Gorka emerging or urgent, unmet G. Kendall and Nancy Baldry Timothy and Mary Gray is a strong philanthropic Glynn Behmen Jim and June Gulden needs in our community. We Robert and Mary Belongie H Albert and Colleen Haik † force that will benefit James and Georgine Benoit Quentin † and Sally Heimerman are grateful for these donors John and Cynthia Beuerlein Paul and Moira Heinicke John and Nancy Bierbaum Thomas and Kathryn Hentges Catholics for generations who have committed gifts to the Kerrie Blevins John and Michelle Hickey Rev. David Blume George and Molly Hottinger to come. Legacy Fund and invite you to Fred and Sue Brass Patricia Huber and Jerry Cawley Gerald and Catherine Brennan Richard Huberty and Jean Hurlbert join them in strengthening our Thomas and Bea Brill † Thomas and Julie Hurley John and Kathleen Burke J Len and Bea Japs † community now and forever. Thomas Busch John and Kay Jasper M Malloy Montague Karnowski Radosevich C Verle Carlin † Craig and Patricia Jilk and Co., P.A. Josephine Benz Carpenter † Dr. Josie Johnson Renee Malloy Helen Coffey Jerome and Rose Jungquist Marjorie Mathison Hance Alfred Colling Paul Jungquist Lois Maturi David Commers † and Janet K Greg and Michelle Keeley Marion McCarty Ebert and Eugene † Ebert P PadillaCRT Mary Schaffner and Robert Lee T Jeffrey and Jane Tegeler Bolded names denote donors Nelson Commers Barbara Keller † Malcolm and Mary McDermid Anita Pampusch and Frank † Indihar Gary and Carolyn Scherer John and Joann Theissen Norb and Mary Ellen Conzemius Gerald and Phyllis Kelly McGough Foundation David and Debbie Paquette Roger and Irma Scherer Alan and Monaliza Tholkes John and Paula Kelly Lawrence and Andrea † McGough who made a gift to the Legacy Aaron and Michelle Cunningham Phil and Connie Paquette Roger † and Angeline Schnobrich Louis † and Patricia Tinucci D Leo and Janis Dehler Elizabeth J. Keyes Monica McGough Dr. H. William and Molly Park Casey and Susan Ann Scott Donald and Dolores Traxler Fund in fiscal year 2019 for the Lawrence and Mary DeMeules Jim Keyes Timothy McGough Valeria Pezzani † James and Lucia Seidel Truist Scott and Jane Deming Mary Kay Knapp Joseph and Paula McGrath Stuart and Margery Pihlstrom Jim and Annie Seidel Margaret Turner † first time. Diocese of New Ulm Paul and Alison Knapp Mary Cullen McKeown and Tom McKeown Mildred Pike † Sexton Family Foundation V Lawrence and Suzanne Vanden Plas Michael and Virginia Dwyer Ed and Julie Kocourek Harry McNeely Marie and Raj Pillai Jerry and Marilyn Sexton Jules and Joseph Vierling E Edward Ehlenz Emery and Karen Koenig Gregory and Barbara Melsen W. Ramon and Marilyn Pogue † Michael and Charlene Sheahan Nancy Villwock The † symbol denotes Legacy Alfred and Mary † Elder Stephen and Laura † Kolar Robert and Mary Mersky Arthur J. Popehn Foundation Terrance and Marlene Shelstad Leslie Vork Marilou and Donald Eldred Philip Kunkel MGR Foundation Premier Banks Mark Shrake W William † and Barbara Wagner Fund donors who have passed. F William and Leveda Faulkner Margaret Kuznia Mary Michaels R Pamela Rauen Silver Lake Dental Marcella Flaten Wartman Jim and Jane Fennell Donald and Joanne Kvasnicka Anne Cullen Miller and Mark Miller Rauenhorst Family Foundation Harold and Sharon Slawik William and Rosalie Weaver Please hold them in your Donavon and Joyce Fisher L Timothy and Roxanne Lackas Herbert and Elizabeth Mischke † Mark and Karen Rauenhorst Jerome and Delores Slawik Thomas and Rose Winkels Paula Flück † George and Carol Lang Angela Moloney Donald and Jean † Regan Rev. Msgr. Joseph Slepicka Otto C. Winzen Memorial Funds thoughts and prayers. Robert † and Sharon Flynn Robert and Florence Larkin † Thomas and Louise Montague James Regan Rhonda Smieja Dr. Bernard and Jane Worth Eugene and Mary Frey Steven and Joan Larson Virginia Mulcahy Kelly Regan Ronald and Mary Smith Y Kathleen Yung Rev. Francis Fried William and Jeanine Lauer James and Franchelle Mullin Sean and Mary Regan St. Paul Foundation Z Richard Zarneke James Frisell and Karen Knepper Frisell Brian and Jane Lavin Brian Murray and Shelly McGill Murray Carl Remick John and Nan Steger Richard and Kathleen Zieman G William and Barbara Gabler Dcn. Lawrence and JoAnn Lawinger N George and Ann Nemanich Richard and Dorothy Revord † John and Eleanor Steichen Bill and Joan Gacki Steven and Mischelle Lentz Lucille Nickolay J. Peter and Mary Ritten Robert and Anne Strachota Thomas Gainor and Jan Nolan Gainor Thomas Leonard William and Joan Nickolay Randall and Janet Rogers Lindsay Strickland Chuck and Arlene Garrity Tom Letscher and Sheila Glancy Letscher O Richard and Suzanne Opitz Dolores Rufenacht Dr. Richard and Kathleen † Student Michael Gerard Maurice and Alice Leuthner S Timothy and Mary Scanlan Roger † and Margaret Swenson Julie and Michael Gerend Robert Lloyd and Sally Rystrom Kenneth and Mary Schaefer

24 25 The parish community created an Endowment Fund Advisory Committee THEIR FAITH AND HARD WORK WERE REWARDED to oversee the growth and stewardship of the fund. “Long-term successful Endowing the Heart of It took another 10 years for the parish to reach its $500,000 goal and endowments have lay leaders that champion the efforts,” says Chris begin making grants to support the work of its various ministries. (The Nelson, vice president of development and donor engagement at the committee had made one $40,000 grant five years before the goal was a Parish Community Catholic Community Foundation of Minnesota (CCF). reached, honoring St. Odilia’s 40th Anniversary.) Having researched the successes and failures of the few parishes that had Today, St. Odilia’s endowments are valued at more than $2.25 million. attempted to establish a similar fund, it became immediately clear to the Since 2005, more than $936,000 of total distributions have funded projects St. Odilia endowment committee that giving an endowment time to grow that met a parish ministry need. was essential. MINISTRY MEMBERS PROVIDE HEARTFELT ADVOCACY “We decided to make no distributions of any kind until the fund reached $500,000,” says Sharon Hicks, one of the founding members who recently To carry out the mission of St. Odilia, there are nine ministry councils: retired from the endowment committee after 25 years. “We’ve been very social justice, worship and community life, facilities, Hispanic leadership circle, stewardship, faith formation, finance, pastoral care, and the school fortunate to have pastors who’ve been very supportive of our efforts.” advisory council. A representative from each ministry serves on the Parish FUNDRAISING WITH HEART Leadership Council. Parish Administrator Jeanne Schaaf says Roger Toogood played a On the third Tuesday of each month, the 90 parishioners who serve on Founded in 1960, the St. Odilia major role in growing the endowment. He was no stranger to fundraising, those ministry councils gather for prayer and a simple soup supper. Then they break into separate groups to discuss issues related to their ministry Catholic Community was originally having served as the executive director of the Children’s Home Society of Minnesota for 27 years — and he knew that area — and possible uses of endowment funds. The Parish Leadership led by the Crosiers, a religious nobody gave to the unknown. Council meets immediately afterward. order that believes strongly in lay “I knew there needed to be a heart “We appreciated how CCF’s faith-consistent Word and enthusiasm about proposed initiatives spreads quickly from the ministry connection,” says Roger. “We needed to start stewardship matched our parish’s heart too.” leadership. At the request of the by finding out what each potential donor loved councils to the more than 3,000 parish Archbishop, St. Odilia parishioners about St. Odilia — and, show them how their — Jeanne Schaaf, Parish Administrator households, a large percentage of which support could help.” attend the Annual Endowment Mass and worked together to build a school Benefactor Recognition Event. St. Odilia also allows donors to designate specific ministries or areas they’d and then a church. Nearly 30 years like their donations to support. “That’s another way of making that heart The community’s commitment to and excitement about the endowment connection,” says Roger. made a favorable impression on Fr. Phillip Rask when he came to St. Odilia after the parish was established, in 2007, “I was pleased and surprised by how creatively and collaboratively parishioners were moved to establish In 1995, management of the endowment fund was transferred to the endowment funds were being used.” recently established Catholic Community Foundation. The change not only an endowment that could support increased the speed at which the parish’s funds grew, it also minimized the Sharon believes St. Odilia is successful because community members bookkeeping responsibilities of an endowment with multiple sub-funds. share a genuine passion for their faith and their parish. “We want to ensure their parish and school in perpetuity. “We appreciated how CCF’s faith-consistent stewardship matched our that this faith community we know and love will continue to thrive long into parish’s heart too,” says Jeanne. the future so that others who follow in our footsteps will be nurtured and blessed as we have been.” l

26 26 27 Institutional Endowed Funds

An institutional endowed fund A Aim Higher Foundation Endowment Fund Moto Hope Mission Endowment Fund, Walker St. Croix Valley Faith Formation Endowment Fund, Stillwater St. Olaf Church Dorothy Ellstrom Endowment for Assumption Cemetery Perpetual Care Trust Fund, Richfield N Nativity of Mary Endowment Trust Fund, Bloomington St. Eloi Parish Endowment Fund, Minneota Spiritual Enrichment Fund, Minneapolis is a permanent fund established B Bethlehem Academy Legacy Institutional Nativity of Mary School Endowment Trust Fund, Bloomington St. Gabriel the Archangel Affiliated School Endowment Fund, Hopkins St. Olaf Church Endowment Fund, Minneapolis Endowment Fund, Faribault NET Ministries Alumni Endowment Fund, West St. Paul St. Gabriel the Archangel Endowment Fund, Hopkins St. Pascal Baylon Endowment Fund, St. Paul by an organization to support Bethlehem Academy Legacy Scholarship NET Ministries Endowment Fund, West St. Paul St. George Cemetery Endowment Fund, Long Lake St. Patrick Building Fund, Inver Grove Heights Endowment Fund, Faribault New Prague Area Cemetery Fund, New Prague St. Gerard Majella Endowment Fund, Brooklyn Park St. Patrick Designated Endowment Trust Fund, and sustain its ministries. C Catholic Services Appeal Foundation Endowment Funds O Our Lady Cemetery Fund, Grove City St. Helena Endowment Fund, Minneapolis Inver Grove Heights Center for Mission Alfred E. Hauwiller Endowment Fund, St. Paul Our Lady of Grace Church Fr. Robert T. Cassidy Scholarship St. Henry Cemetery Perpetual Care Trust Fund, Monticello St. Patrick Endowment Fund, St. Paul When an institution invests in Center for Mission Mustard Seed Mission Endowment Fund, St. Paul Endowment Fund, Edina St. Hubert Catholic Community Advisory Fund, Chanhassen St. Patrick / St. Francis General Endowment Fund, St. Paul Center for Mission Fr. Karl Wittman, Anna Marie Eisenmenger and Our Lady of Grace Catholic School Endowment Fund, Edina St. John the Baptist Resurrection Cemetery Care and Maintenance St. Paul Seminary General Seminary Endowment Fund, St. Paul a permanently endowed fund Odo Reder Endowment Fund, St. Paul Our Lady of Grace Endowment Trust Fund, Edina Fund, Excelsior St. Paul Seminary Msgr. Ambrose Hayden - CommonBond Communities Housing Endowment Fund, St. Paul Our Lady of the Lake Cemetery Endowment Trust Fund, Mound St. John the Baptist Capital Endowment Fund, New Brighton Seminary Fund, St. Paul at the Catholic Community D Diocese of New Ulm Bishop LeVoir Catholic School Endowment Fund Our Lady of the Lake Parish Endowment Trust Fund, Mound St. John the Baptist Cemetery Endowment Fund, New Brighton St. Paul’s Monastery Endowment Fund, St. Paul Diocese of New Ulm Archbishop John C. Nienstedt Catholic Schools Our Lady of the Lake School Endowment Trust Fund, Mound St. John the Baptist Operating Endowment Fund, New Brighton St. Peter School Endowment Fund, Forest Lake Foundation, it makes a Scholarship Fund Our Lady of the Lakes Perpetual Care Fund, Spicer St. John the Baptist Pastoral Outreach Ministry Fund, St. Peter Catholic Church Cemetery Perpetual Care F Faithful Shepherd Catholic School Rev. Charles V. Lachowitzer Our Lady of Peace Parish Endowment Fund, Minneapolis New Brighton Endowment Fund, Mendota commitment to ensuring that Endowment Fund, Eagan Our Lady of the Prairie Parish Endowment Fund, Belle Plaine St. John the Baptist Tuition Assistance Fund, New Brighton St. Peter Catholic School Operating Endowment Fund, Franciscan Retreats Endowment Fund, Prior Lake P Pacem In Terris Endowment Fund, St. Francis St. John the Baptist Cemetery Endowment Fund, Savage North St. Paul its mission continues on for G Glenn Catholic Senior Communities, Inc. Fund, Minnetonka Pax Christi Community Endowment Fund, Eden Prairie St. John the Baptist Parish Endowment Fund, Savage St. Peter Cemetery Care Endowment Fund, North St. Paul Good Shepherd Endowment Funds, Golden Valley Presentation of the BVM Grade School Parish St. John the Baptist Parish Endowment for Tuition Assistance St. Peter Parish Operating Endowment Fund, North St. Paul future generations. Guardian Angels School Trust Fund, Chaska Endowment Fund, Maplewood Fund, Savage St. Peter School Tuition Assistance Endowment Fund, Guardian Angels Capital Project Endowment Fund, Oakdale Presentation Legacy Foundation Fund, Maplewood St. John the Evangelist Tuition Assistance Endowment Fund, Duluth North St. Paul Guardian Angels Cemetery Endowment Fund, Oakdale R Risen Christ Catholic School - John P. and Mary L. Byron St. John Neumann Catholic Church Parish Endowment Fund, Eagan St. Philip Church Clifford and Audrey Olson Guardian Angels Arthur Hoff Endowment Fund, Oakdale Endowment Fund, Minneapolis St. Joseph Church Fr. Frank Brunner Endowment Fund, Montevideo Endowment Fund, Litchfield Guild Incorporated Endowment Fund, St. Paul S Ss. Cyril and Methodius Church Dcn. John Matlon Memorial St. Joseph Parish Faith Formation Financial Aid St. Pius X Permanent Endowment Fund, White Bear Lake H Holy Family Church Seminarian Endowment Fund, Silver Lake Endowment Fund, Minneapolis Endowment Fund, Red Wing St. Richard BTCS Scholarship Endowment Fund, Richfield Bolded fund names indicate Holy Name Endowment Fund, Minneapolis Ss. Joachim and Anne Endowment Fund, Shakopee St. Joseph Perpetual Parish Endowment Fund, Rosemount St. Richard Undesignated Endowment Fund, Richfield Holy Name of Jesus Church Good Samaritan Funds, Wayzata Ss. Peter and Paul Parish Education Endowment Fund, Loretto St. Lawrence Catholic Church Endowment Fund, Duluth St. Rose of Lima Legacy Fund, Roseville funds established in fiscal Holy Spirit Endowment Fund, St. Paul Ss. Peter and Paul Parish Endowment Fund, Loretto St. Louis Church Fr. Paul Morrissey, S.M. in Memory of John St. Rose of Lima Parish School Mischke Family Holy Trinity Operating Endowment Fund, South St. Paul St. Agnes Parish Pastoral Ministry Fund, St. Paul Nasseff Endowment Fund, St. Paul Endowment Fund, Roseville year 2019. I Immaculate Conception Endowment Fund, Lonsdale St. Agnes School Scholarship Endowment Fund, St. Paul St. Margaret Mary Endowment Fund, Golden Valley St. Stephen Church Emmett and Augusta Goff Immaculate Heart Church Endowment Fund, Crosslake St. Albert Cemetery Perpetual Care Fund, Albertville St. Mark Parish Endowment Trust Fund, St. Paul Endowment Fund, Minneapolis Immaculate Heart of Mary Catholic Charities St. Albert the Great Endowment Fund, Minneapolis St. Mark Peller Scholarship Fund, St. Paul St. Therese Advisory Fund, Deephaven Endowment Fund, Minnetonka St. Aloysius Cemetery Fund, Olivia St. Mary Perpetual Care Endowment Fund, Arlington St. Therese Good Samaritan Endowment Fund, Deephaven Immaculate Heart of Mary Faith Formation Endowment Fund, Minnetonka St. Alphonsus School Teachers Development Endowment Fund, St. Mary School Endowment Fund, Bird Island St. Therese School Advisory Fund, Deephaven Immaculate Heart of Mary General Operating Brooklyn Center St. Mary Cemetery Fund, Olivia St. Therese Pastoral Care Endowment Fund, St. Louis Park Endowment Fund, Minnetonka St. Alphonsus School Tuition Assistance Endowment Fund, St. Mary of the Lake Cemetery Perpetual Care Fund, White Bear Lake St. Thomas the Apostle Endowment Fund, St. Paul Immaculate Heart of Mary Maintenance Reserve Brooklyn Center St. Matthew Education Endowment Fund, St. Paul St. Thomas Aquinas Goldie and Lorraine Buda Endowment Fund, Minnetonka St. Ambrose Church Bishop Endowment Fund, Woodbury St. Michael Cemetery Perpetual Care Fund, Farmington Scholarship Fund, St. Paul Park Immaculate Heart of Mary Scholarship for IHM Students St. Anastasia Cemetery Perpetual Care Endowment Fund, Hutchinson St. Michael Designated Endowment Trust Fund, Farmington St. Timothy Endowment Fund, Blaine Endowment Fund, Minnetonka St. Anastasia Endowment Fund, Hutchinson St. Michael Cemetery Fund, Milroy St. Victoria Cemetery Perpetual Care Endowment Fund, Victoria Incarnation Parish Endowment Fund, Minneapolis St. Andrew Parish Religious Education Fund, Montevideo St. Michael Church and School Advisory Fund, Prior Lake St. Victoria Parish Unrestricted Endowment Fund, Victoria L League of Catholic Women Endowment Fund St. Anne Cemetery Endowment Trust Fund, Hamel St. Michael Endowment Fund, Prior Lake St. Wenceslaus Cemetery Endowment Fund, New Prague M M.T. Hill Archdiocesan Invalid Priests Trust Funds, St. Paul St. Bernard Church Marie Tschida Pranke Scholarship Fund, St. Paul St. Nicholas Cemetery Perpetual Care Fund, Carver St. Wenceslaus Endowment Fund, New Prague M.T. Hill Christian Brothers Trust Fund, St. Paul St. Bridget of Sweden Endowment Fund, Lindstrom St. Nicholas Endowment Fund, Elko New Market St. Wenceslaus School Endowment Fund, New Prague M.T. Hill Cretin-Durham Hall Trust Funds, St. Paul St. Cecilia John Mondati Endowment Fund, St. Paul St. Odilia Endowment Fund, Shoreview T Transfiguration Church Ted Zarembski Marquette Catholic School Endowment Fund, Virginia St. Croix Catholic School Endowment Fund, Stillwater St. Odilia Prayer Garden Perpetual Care Fund, Shoreview Scholarship Endowment Fund, Oakdale St. Odilia School Endowment Fund, Shoreview Trinity Founding Churches Educational Endowment Fund, St. Paul

28 29 Agency Funds

Catholic parishes, schools, A Aim Higher Scholarship Fund St. Adalbert Long-Term Reserve Fund, St. Paul St. Maximilian Kolbe Funds, Delano Annunciation Funds, Minneapolis St. Agnes Investment Fund, St. Paul St. Michael Funds, Farmington and institutions partner with Ascension Education Fund, Minneapolis St. Albert Funds, Albertville St. Michael Cemetery Fund, Prior Lake Assumption 2000 Fund, Richfield St. Albert the Great Parish Fund, Minneapolis St. Michael Jeanett R. & Lawrence F. Klein Gifts to Support Our Mission the Catholic Community B Basilica of St. Mary Funds, Minneapolis St. Aloysius Agency Fund, Olivia 20 Year Term Fund, Stillwater Blessed Sacrament Reserve Fund, St. Paul St. Alphonsus Long-Term Investment Fund, Brooklyn Center St. Michael Funds, St. Michael Although we don’t ask, we are grateful for these donors who Foundation to manage Blessed Trinity Catholic School Endowment Fund, Richfield St. Anastasia New Office Space Fund, Hutchinson St. Nicholas Funds, Carver C Cathedral of St. Paul Funds, St. Paul St. Anne Fund, Hamel St. Nicholas Fund, New Market have generously given gifts in support of our mission and charitable assets. Always Catholic Cemeteries Funds St. Anne’s Educational Foundation Funds, Minneapolis St. Patrick Funds, Edina Catholic Charities of St. Paul and Minneapolis Funds St. Anne-St. Joseph Hien Fund, Minneapolis St. Patrick of Cedar Lake Agency Fund, Jordan outreach to the community this year. taking into account the Catholic Senior Services Investment Fund St. Anthony Perpetual Care Fund, Watkins St. Patrick Funds, Oak Grove Center for Mission Fund, St. Paul St. Bernard School Fund, Cologne St. Patrick Long Term Investment Fund, St. Paul appropriate amount of risk, Corpus Christi Fund, Roseville St. Bridget of Sweden Reserve Fund, Lindstrom St. Paul Church Fr. Tim Nolan Vocation D Diocese of New Ulm Fr. John Joyce Education Funds St. Charles Borromeo Evangelization Endowment Fund, St. Anthony Endowment Fund, Ham Lake John and Kim Arens Donald and Jean † Regan CCF’s portfolio balances the G Guardian Angels Funds, Oakdale St. Columba Funds, St. Paul St. Paul Seminary Investment Fund, St. Paul Dr. R. Michael and Sharon Bowen Kent and Muriel Roessler St. Paul’s Outreach Funds, West St. Paul H Highland Catholic School Funds, St. Paul St. Dominic Funds, Northfield Timothy and Mary Gray Mary Schaffner and Robert Lee objectives of investing in Hill-Murray School Tyler Family Tuition Fund, Maplewood St. Edward Fund, Bloomington St. Peter Parish Endowment Fund, Forest Lake Holy Childhood Funds, St. Paul St. Elizabeth Ann Seton Parish Cemetery Fund, Hastings St. Peter Cemetery Care Operating Fund, North St. Paul Maurice and Alice Leuthner Rev. Leonard Siebenaler a faith-consistent manner Holy Family Academy Endowment Fund, St. Louis Park St. Francis Cabrini Sally Jernberg Memorial Fund, Minneapolis St. Peter Funds, Richfield Dr. Joseph and Paulette McGrath St. Bernard’s Catholic United Financial Holy Family Catholic High School Endowment Fund, Victoria St. Francis de Sales Funds, St. Paul St. Peter Funds, St. Peter Premier Banks while attempting to maximize Holy Name Reserve Fund, Minneapolis St. Francis - St. James School Funds, St. Paul St. Peter Claver Funds, St. Paul Holy Name of Jesus Funds, Wayzata St. Genevieve Capital Fund, Centerville St. Raphael Funds, Crystal financial return over time. Holy Rosary Catholic Church Capital St. George Funds, Long Lake St. Rita Fund, Cottage Grove Improvements Fund, Minneapolis St. John Investment Funds, Hector St. Rose of Lima Funds, Roseville Holy Spirit Funds, St. Paul St. John the Baptist Funds, Excelsior St. Stephen Catholic Church Fund, Minneapolis I Immaculate Heart of Mary - St. Luke School Funds, St. Paul St. John the Baptist Funds, Hugo St. Thomas the Apostle Endowment Fund, Corcoran L League of Catholic Women Funds, Minneapolis St. John the Baptist Funds, Jordan St. Thomas Aquinas Funds, St. Paul Park Lumen Christi Funds, St. Paul St. John the Baptist Funds, New Brighton St. Thomas More Catholic Community Fund, St. Paul M Marquette School Endowment Fund, Virginia St. John the Baptist Funds, Savage St. Timothy Capital Campaign Investment Fund, Blaine Mary, Mother of the Church Fund, Burnsville St. John the Evangelist School Endowment Fund, Duluth St. Timothy Funds, Maple Lake Mary Queen of Peace Funds, Rogers St. John the Evangelist Funds, Little Canada St. Vincent de Paul Funds, Brooklyn Park Maternity of Mary/St. Andrew Catholic School St. John Vianney Seminary Investment Fund, St. Paul St. Wenceslaus Funds, New Prague Investment Fund, St. Paul St. Joseph of the Lakes Cemetery Fund, Lino Lakes Most Holy Redeemer School Endowment Fund, Montgomery St. Joseph Parish Fund, Montevideo Most Holy Trinity Fund, Veseli St. Joseph Calvary Cemetery Perpetual Care N Nativity of the Blessed Virgin Mary Fund, Bloomington Endowment Fund, Red Wing Nativity of Our Lord Endowment Trust Fund, St. Paul St. Joseph Funds, Waconia NET Ministries Funds, West St. Paul St. Joseph Funds, West St. Paul O Our Lady of Grace Funds, Edina St. Jude of the Lake Endowment Trust Fund, Mahtomedi Our Lady of the Lake School Fundraising St. Katharine Drexel Building Fund, Ramsey Campaign 2013 Fund, Mound St. Louis, King of France Funds, St. Paul Our Lady of Peace Funds, Minneapolis St. Luke Fund, Clearwater Our Lady of Victory Long Term Investment Fund, Minneapolis St. Maron Maronite Funds, Minneapolis R Risen Christ School Funds, Minneapolis St. Mary Fund, New Trier S Sacred Heart Investment Fund, Robbinsdale St. Mary Funds, Sleepy Eye Ss. Joachim and Anne Funds, Shakopee St. Mary of The Lake Endowment Fund, White Bear Lake Ss. Peter and Paul Funds, Loretto St. Mathias Cemetery Fund, Hampton

30 31 Our Board of Directors

Kathy Cooney Emery Koenig Doug Milroy Retired Senior Vice President and Retired Vice Chairman and Chief Risk Officer, Former Chairman and CEO of G&K Services, Inc. Chief Administrative Officer, Cargill, Inc. HealthPartners Marie C. Pillai Very Reverend Charles V. Lachowitzer, Retired Vice President, Chief Investment Officer, Our Staff Bill Faulkner ex officio and Treasurer, General Mills Managing Principal, Talmont Holdings Vicar General and Moderator of the Curia, Anne Cullen Miller, MBA Chris Hagen Archdiocese of Saint Paul and Minneapolis Nancy Utoft President Staff Accountant & Grants Program Associate Mike Felmlee Retired Executive Director, Chief Executive Officer, Prouty Project George C. Lang Abria Pregnancy Resources Christopher D. Nelson, J.D. Bill Marsella, M.S.W. Retired President, Vice President of Development & Donor Engagement Director of Partner Relations Frank Forsberg Overlook Realty Investment Advisors, LLC Kate Wenger, J.D. Consultant, Education Policy Community Volunteer Casey J. Scott, MBA, CPA (inactive) Brenda Murphy, M.A. Mimi Daly Larson Vice President of Finance & Administration Database & Prospect Research Analyst Thomas E. Gainor Vice President of Mission Advancement, Jane Wyatt Retired First Vice President and COO, Science Museum of Minnesota Vice President and Portfolio Manager, Becky Abbott Meg Payne Nelson Federal Reserve Bank of Minneapolis Securian Asset Management Fund Accounting Manager Program Officer Steven Lentz, J.D. Julie M. Gerend General Counsel and Chief Compliance Officer, Darcy Broerman Michael A. Ricci Jr., CFP®, CAP® Managing Director - Central Region Lead, Okabena Investment Services Community Members Serving Executive Assistant Director - Professional Outreach & Investments Institutional Client Group, Wells Fargo Asset on Board Committees Marjorie Mathison Hance Angela Dimler, M.Ed. Linda Sauber Management Tim Benz Retired Vice President for External Relations, Director of Strategic Communications Assistant Controller John Beuerlein Most Reverend St. Catherine University Chairperson, ex officio Gerald Brennan Lori DiVito Brianna Thompson Communications & Events Manager Archbishop of Saint Paul and Minneapolis Thomas H. McCarr, J.D. — Treasurer Jeff Hawkins Administrative Assistant of Investments Tax Partner, PwC J.J. Kirby David Heinsch Lisa Haemmerle, M.A. Jules Vierling John Mauriel Office Manager/Development Coordinator Grants Manager Vice President, Corporate and Investor Larry McGough Gloria Myre Relations Practice, Padilla Retired Chairman, McGough Companies Kate Seng Roger Vasko Julie K. Hurley — Vice Chairperson Greg Melsen — Secretary President, Preferred Management Services, Inc. Retired CFO All efforts have been made to ensure the accuracy of information contained within this annual report. Elizabeth J. Keyes, J.D. Tom Mertens, ex officio Retired Vice President, US Bank CFO, Archdiocese of Saint Paul and Minneapolis We have used abbreviations consistently within all lists to improve readability. If you notice an error or omission, please call 651.389.0300. Listings reflect board membership and staff employment at the time of annual report publication - winter 2020.

32 33 Catholic Community FOUNDATION OF MINNESOTA

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