THE CATHOLIC FOUNDATION 2010 OF THE DIOCESE OF SACRAMENTO Annual Report LegacySHARING THE of Faith Contents Bishop’s message 1 From the president 2 Youth advancement 3 Encouraging vocations 4 Serving people in need 5 Living the Catholic faith 6 Methods of giving 9 Endowments 10 Financial statements 12 Th e Catholic Foundation 15 Looking to the future 16 BISHOP’S MESSAGE

“ Despite the current economic challenges, Dear Brothers and Sisters in Christ, I am pleased to share with you this 2010 Annual Report for The Catholic we continually Foundation of the Diocese of Sacramento. With heartfelt gratitude, I refl ect on this past year. Despite the current economic challenges, we continually strive strive to provide for to provide for the growing needs within the diocese. I am inspired by the faithfulness of the Catholic community. Your generous gift s the growing needs help make a diff erence in the lives of many. With heartfelt gratitude, I refl ect on this past year. within our diocese.” I admire the earnest service of the members of Th e Catholic Foundation Board

Most Rev. Jaime Soto of Directors. Th ey have exemplifi ed a wise and generous Christian stewardship. Please read about the good works of Th e Catholic Foundation. I hope we can be of service to you as we work together to share the gospel of Jesus Christ.

Respectfully

Mission To witness to Christ and His Gospel +Jaime Soto Bishop of Sacramento values of love, justice, forgiveness and service to all by ensuring that fi nancial 1 donors can eff ectively support the well- being of Catholic works in our diocese. THE CATHOLIC FOUNDATION BOARD OF DIRECTORS

CHAIRMAN FROM THE PRESIDENT Most Rev. Jaime Soto PRESIDENT Mr. Lawrence B. Garcia, Esq. Dear Friends, Partner, Gordon & Rees, LLC VICE PRESIDENT It has been a great honor and privilege to Mr. Th omas C. Meuser serve Bishop Soto as the President of Th e Chairman and CEO, El Dorado Savings Bank Catholic Foundation over the past two TREASURER Mr. Th omas J. McNamara years. Along with the outstanding support Chief Financial Offi cer, Diocese of Sacramento of the Board of Directors and Sacramento Diocese staff , Th e Mr. Kelly Brothers Foundation has grown in its capacity and capability to serve Partner, Genovese, Burford and Brothers you and your local Catholic community. All of us involved Mr. Daniel J. Cairns CFP®, CIMA® with Th e Catholic Foundation are proud of and committed to The Cairns-Kay Financial Group, Wells Fargo Advisors supporting the parishes, schools, ministries and donors of the Mrs. Jane A. Flynn Owner, Pacifi c Farms and Orchards Diocese of Sacramento. Dr. David H. Gasman Please be assured that we take our leadership role very seriously Northern Valley Catholic Social Service and are dedicated to supporting the many wonderful ministries Rev. Msgr. James C. Kidder Pastor, Holy Trinity Parish, El Dorado Hills of our Holy Catholic Church. The Board of Directors, the Ms. Beth Mullen, CPA committees and staff are grateful for your trust. We hope the Managing Principal, Reznick Group, P.C. following pages demonstrate how we continually strive to be Rev. Msgr. James T. Murphy good stewards of the resources God provides. Vicar General, Diocese of Sacramento Mrs. Kathy Pescetti President, Admail West Mr. Terence J. Street President, Roebbelen Lawrence B. Garcia 43 President, Board of Directors Mr. Brian Vail The Catholic Foundation of the Diocese of Sacramento President, River West Investments 2 StudentsCatholic schools11,080 Mr. Robert White $3,943 Retired Business Owner Average K-8 tuition Average 9-12 tuition $10,787 FULFILLING GREAT PROMISES Youth Advancement “ I’ve learned to be a better person, to accomplish my goals in life and “Th e earlier we

to witness my faith to my peers.” expose our kids

Angelina Pascual St. Joseph’s School, Sacramento to the importance

STEWARDSHIP SHINES IN OUR YOUTH as they witness of giving back, their part in our greater Catholic community. Th eir needs as young people are at the heart of the opportunities created the greater the for them to model their faith by serving others. In 2010, more than 25,000 students participated in K-8 faith impact we have formation with 7,132 receiving the sacrament of fi rst Eucharist and 5,135 celebrating Confi rmation. on shaping IN OCTOBER Th e Catholic Foundation hosted a SUCCEED* Schools celebration. Bishop Soto shared his vision for and commitment to Catholic our future.” education with more than 225 supporters in attendance. All were inspired Julieta Mendoza by three eighth-grade speakers each representing one of the local SUCCEED Principal, Holy Cross schools. Odalez Cuevas of Holy Cross shared, “I realize how lucky I am to Preparatory Academy have had the privilege of a Catholic education. Even if I don’t get to attend Photos: College students from The Newman Center, Chico State University extend a helping hand. Principal Julieta Mendoza a Catholic High School the whole experience will be in my heart forever.” 3 speaks with a student at Holy Cross Preparatory Academy, West Odalez will be attending Christian Brothers High School in the fall. Sacramento. Elementary Students prepare for service to others and the sacrament of Confi rmation. *Sacramento Urban Catholic Children’s Equal Education Development Encouraging Vocations ServingPeopleServingPeop inNeed

ANNUAL CATHOLIC APPEAL COMMITTEE

CHAIR Rev. Francisco Hernandez-Gomez Pastor, St. Isidore Parish, Yuba City

Rev. Rey B. Bersabal, Pastor St. John the Baptist Parish, Folsom Rev. Roy R. Doner, Pastor “ Without priests, CHOOSING TO DEDICATE ONE’S LIFE to the Church is fi lled with discernment. St. Thomas the Apostle Parish, Oroville Th rough Th e Catholic Foundation, donors can help assure the preservation of a Ms. Sylvina Frausto there is no Church supportive community for those preparing to serve our diocese as ordained or Holy Rosary Parish, Woodland consecrated servants of Christ’s Church. Rev. Msgr. James C. Kidder, Pastor because there are Holy Trinity Parish, El Dorado Hills Aaron is one of 35 men actively preparing for the priesthood. Having grown up in Rev. Msgr. James T. Murphy no sacraments. St. Joseph Parish, Auburn, it wasn’t until a Navy chaplain sparked his interest that he Vicar General, Diocese of Sacramento To support began to think of a vocation to the priesthood. Now in his pastoral year at St. John STAFF the Baptist Parish in Chico, Aaron continues to develop a deeper understanding of Rev. Michael F. Kiernan, Director Social Service Ministry/Catholic Charities God’s call. Our seminarian endowments provide critical support to off set the rising vocations is to Ms. Beth White, Associate Director cost of educating men like Aaron. support salvation.” Social Service Ministry/Catholic Charities Mrs. Dawn Moore 2010 The Catholic Foundation Fr. Chuck Kelly Director of Vocations Seminarians 4 College-level 14 Th eology-level 15 Pastoral-level 6 ServingPeopleoplePhotos: BishopinNeed Soto and seminarians during 2010 ordination ceremony, Cathedral of the Blessed Sacrament. Aaron Rose, JUST BEFORE LENT, Catholics across the diocese have an opportunity to respond to the seminarian. Volunteer workers, Anderson call of our faith — to be stewards of human dignity. Fift y percent of net proceeds from the Cottonwood Christian Assistance. Mother and Annual Catholic Appeal enable 20 local organizations of — or associated with — Catholic child helped by Bishop Gallegos maternity Charities of Sacramento to provide hope and help to those in desperate need. 2010 Appeal home, Sacramento. contributions were nearly $3 million, providing substantial critical assistance. Th is generosity Sister Claire Herlihy, OP of the De Paul Women’s made it possible for our Catholic Charities organizations to help the ever-growing number of Resource Center, Vallejo. those overwhelmed with challenges to provide the basic necessities for their families.

“ Your kindness and

Typical year generosity truly does 35,000 recipients make a diff erence 2,500 volunteers in someone’s life.” 85,000 volunteer hours Beth White Social Service Ministry 270 Catholic Charities staff 70+ programs 5 1 mission Living the Catholic Faith FAITHFUL STEWARDS IMPACT THE LIVES OF M “ Stewardship is not expressed in a single action or a number of actions but in an Stewardship Conference THE CATHOLIC FOUNDATION continually strives to provide tools and guidance for entire way of life. modeling “Stewardship, A Way of Life”. In June, Th e Stewardship Committee hosted the fi rst ever Stewardship Conference. More than 300 clergy, religious and lay leaders from across the Diocese gathered for a day of inspiration and idea sharing. Practical methods It means that we for implementing stewardship at the parish level were shared by local and national leaders. Keynote speakers included Fr. Daniel Mahan, Director of the Marian University make God the Center for Catholic Stewardship, Bishop Sylvester Ryan, Bishop Emeritus of the Diocese of Monterey, Leisa Anslinger, a nationally recognized author and several lay leaders fi rst priority in from the Diocese of Sacramento. Workshops addressed a wide range of topics from engaging youth and other cultures to the importance of social media. all we do.”

Rev. Msgr. James C. Kidder Photo: Father Daniel Mahan Giving Back Pastor, Holy Trinity Parish 6 addresses participants at 127 endowments El Dorado Hills the Diocesan Stewardship $62 Conference held at St. Anthony totaling million benefi t Parish in Sacramento June 1. Catholic works in our diocese F MANY

The Leonardo and Mary Tirapelle Memorial Endowment Scholarship Fund “ In the 1940s, college seemed to be for families with large bank accounts, not for the Tirapelle family.” STEWARDSHIP COMMITTEE

CHAIR IN HIGH SCHOOL, TEACHERS INFORMED LOUIS TIRAPELLE that he could do Rev. Msgr. James C. Kidder, Chair well in college. A young man from the hills of California with no ability to aff ord Pastor, Holy Trinity Parish, El Dorado Hills college on his own, Louis enrolled in courses through the Air Force Reserve Offi cer’s Mrs. Jeanne Anderson-West Training Corp. He indeed did very well — earning a B.S. Degree in Commerce and St. Ignatius Loyola Parish, Sacramento Business Administration and an MBA, both with honors. Mr. Rommel E. Declines Good Shepherd Parish, Elk Grove A fi rm believer in higher education, Louis hoped to one day provide fi nancial Mr. Tom Jacobs assistance to students wanting to go to Catholic college. With the help of his sister St. Patrick Parish, Grass Valley Josephine Tirapelle, he established an endowment to benefi t high school graduates Mr. David Lopez Holy Trinity Parish, El Dorado Hills of St. Patrick Parish in Placerville. Th e scholarship fund, named for Louis’ parents, Mrs. Jean Nelson was initially funded with a $425,000 gift by Louis’ sister upon her death in the fall St. Lawrence Parish, North Highlands of 2010. Josephine, a bookkeeper in the lumber industry for most of her working Deacon Rafael Rey life, enthusiastically encouraged young people to St. Vincent Ferrer Parish, Vallejo aim for higher education, an advantage she Mr. Stephen J. Warnock herself did not have. St. James Parish, Davis Th e endowment will receive further funding from Louis’ estate upon his death. Today, it is projected that several new awards will be made each academic year. 7 Photos: Louis Tirapelle. Josephine Tirapelle in 2005 at the age of 95 and her friend Konyak. Giving for Today and Tomorrow PLANNED GIVING COMMITTEE “ My wife and I are Endowments CHAIR AN ENDOWED FUND THROUGH THE CATHOLIC FOUNDATION is a way of giving Mr. Daniel J. Cairns, CFP®, CIMA grateful for our that creates a permanent source of support to the various ministries of the Diocese of The Cairns-Kay Financial Group Wells Fargo Advisors Sacramento. Endowments represent a very personal, long-term commitment to the work of the Church in a thoughtful manner that is consistent with faithful Christian stewardship. Ms. Chris Ann Bachtel, CTFA many blessings. Vice President/Trust Manager Th e Foundation welcomes the opportunity to work with donors and their professional First Northern Bank advisors to achieve their individual philanthropic goals. Mr. Rey Deborja Jr. We believe that Financial Advisor Gift s may be made to an existing endowed fund or parishes, individuals, families, Mr. Kenneth J. Meyers agencies, schools or businesses can create a new endowment fund. Funds may be named Managing Director through our Robert W. Baird & Company in memory or honor of a family member, friend or loved one — or remain anonymous Meyers Investment Group when privacy is desired. A wide variety of methods of giving are available to assist donors Mr. Timothy P. Murphy, Esq. established donor in establishing a legacy of faith. Mr. Sil Reggiardo, Esq., CPA Downey Brand, LLP advised fund we Mr. Kevin Smith-Fagan Vice President for Development KVIE Public Television can share these blessings to those most in need.”

Tom Meuser 8 The Meuser Family Donor Advised Fund Methods of Giving TYPE OF GIFT FORM OF GIFT BENEFIT TO YOU - THE DONOR BENEFIT TO FOUNDATION MINISTRIES Outright Gift : • Cash • Stock/Securities • Charitable income tax deduction • Immediate benefi t to ministry(ies) of donor’s Unrestricted • Insurance • Real Estate • Avoidance of capital gains tax on appreciated gift ed assets choosing or donor may allow the Foundation to • Personal Property, etc. • Opportunity to make a gift to a designated ministry(ies) choose Outright Gift : • Cash • Stock/Securities • Charitable income tax deduction • Ongoing income to provide support to donor Endowments • Insurance • Real Estate • Avoidance of capital gains tax on appreciated gift ed assets designated ministry(ies) • Personal Property, etc. • Opportunity to make a gift to a designated ministry(ies) • Creates opportunity for future generations to • Create legacy in memory or honor of a family member, friend or loved one participate in stewardship Donor Advised • Cash • Stock/Securities • Access to expertise in determining appropriate ministry(ies) • Th e Foundation receives gift for immediate and Funds • Insurance • Access to professional investment expertise future use • Charitable income tax deduction • Creates opportunity for future generations to • Possible reduction of taxable estate participate in stewardship • Donor recommends distribution Bequest: • Cash • Stock/Securities • Possible reduction of taxable estate • Bequest will fund ministry(ies) needs as designated In Will or Trust • Personal Property, etc. • Create legacy in memory or honor of a family member, friend by donor or by the Foundation if unrestricted • Percentage of estate or loved one • Remainder of estate Charitable Gift • Cash • Stock/Securities • Guaranteed fi xed-income for life • Upon the death of the donor remaining annuity Annuities • Portion of income is tax-free assets provide support to designated ministry(ies) • Charitable income tax deduction • Possible reduction of taxable estate • Rates higher than bank CDs Insurance • Name the Foundation as • Potential substantial future gift to Foundation at manageable cost • Th e Foundation receives full face value of policy Policies the policy owner and/or • Charitable income tax deduction for the cash-value of the policy upon death of the donor or may receive current benefi ciary when transferred surrender value prior to donor’s death to benefi t • Future premium payments may be deducted as gift s Foundation supported ministry(ies) Charitable • Cash • Stock/Securities • Variable/fi xed-income options • Upon the death of the donor remaining trust assets Remainder Trusts • Real Estate • Option to defer income provide support to designated ministry(ies) • Any appreciated property • Charitable income tax deduction • Possible reduction of taxable estate • Avoidance of capital gains tax on appreciated gift ed assets

Retirement Plan / • Name the Foundation as • Allows donor to maintain control and use of asset during life, • Upon death of the donor, benefi t will fund 9 IRA / Annuities benefi ciary avoid income tax to benefi ciaries at death immediate Foundation ministry(ies) needs • Opportunity to make a major gift to designate ministry(ies) Endowments

PARISH ENDOWMENTS Bishop Quinn Catholic Center Maintenance Endowment Nancy E. Murray-Waechtler Scholarship Fund, All Hallows Endowment, Sacramento Burleigh Scholarship Fund, St. Th omas More, Paradise St. Th omas, Oroville Garland and Veronica Frizzie Endowment, St. Joseph Parish, Charlotte Mae Church Memorial Scholarship Fund, Nellie J. Schrader Scholarship Fund Sacramento St. Robert School, Sacramento Notre Dame School Endowment, Chico Immaculate Conception Parish Education Endowment, Edward & Vera Langen Scholarship Endowment Notre Dame School Endowment, Marysville Sacramento Everett V. O’Rourke Scholarship Endowment for High Schools Notre Dame School Endowment, Vacaville Mary B. Allen Trust Endowment, Sacred Heart Parish, Gridley Fr. Michael J. Dillon Scholarship, Rocklin Our Lady of Lourdes School Endowment, Colusa Marya Welch-Memorial Hall Endowment, Greenleaf Scholarship Fund, St. Patrick / St. Vincent Our Lady of the Assumption School Endowment, Carmichael St. James Parish, Davis High School Presentation School Endowment, Sacramento Richard Lambert Trust, St. John the Baptist Parish, Chico Hansen Tuition Assistance Fund, Holy Rosary School, Preserving our Past Building our Future Scholarship Sacred Heart Parish Endowment, Red Bluff Woodland Endowment for Catholic Schools St. Anne Endowment, Sacramento Helen Faulkner Scholarship Fund, Mercy High School, Red Bluff Preserving our Past Building our Future Scholarship St. Francis of Assisi Parish Endowment, Sacramento Holy Cross School Endowment, West Sacramento Endowment for Religious Education and Lay Ministry St. James Parish Endowment, Davis Holy Family School Endowment, Citrus Heights Raymond J. Spingall College Scholarship Fund St. Joseph Parish Endowment, Elk Grove Holy Rosary School Endowment, Woodland Richard & Nancy Quinn Scholarship, Notre Dame School, St. Lawrence Endowment, North Highlands Holy Spirit School Endowment, Fairfi eld Vacaville St. Rose Parish Education Endowment, Roseville Holy Spirit School Endowment, Sacramento Richard J. Lee Memorial Scholarship Fund St. Peter Endowment, Sacramento Ima Stoll Scholarship Trust Ring Scholarship Fund, Sacred Heart School, Sacramento St. Th erese Parish Endowment, Isleton Isabel Dinelli Cristo Rey Scholarship Fund Rosemary Trainor Bradley Memorial Scholarship Award St. Th omas More Catholic Education Endowment, Paradise Isabel Dinelli Scholarship Fund Sacred Heart School Endowment, Red Bluff St. Vincent Ferrer Parish Endowment, Vallejo John J. Looser Estate Scholarship Sacred Heart School Foundation Endowment, Sacramento William and Marijane Adams Endowment, Queen of the Snows John Robert Keane Memorial Scholarship Endowment SCORE Scholarship Endowment Parish, Tahoe City Lornelle P. McKenna-Faulkner Endowment SCORE Small and Rural Schools Endowment Mary Van Geff en Scholarship, Notre Dame, Marysville St. Basil School Endowment, Vallejo CATHOLIC SCHOOLS / TUITION ASSISTANCE ENDOWMENTS Maurice Dixon Scholarship Memorial Endowment for St. Charles School Endowment, Sacramento A.G. Kassis Family Scholarship Endowment for High Schools SUCCEED Schools St. Dominic School Endowment, Benicia Apostle of Sacred Heart of Jesus, St. Charles, Sacramento Mercy High School Scholarship Endowment St. Francis High School Endowment Believe / Catholic Schools Scholarship Endowment Merle A. Webb Endowment, Notre Dame School, Chico St. Francis of Assisi School Endowment, Sacramento Bishop Quinn Catholic Center Endowments Mt. St. Mary School Endowment St. Ignatius School Endowment, Sacramento Bishop Quinn Catholic Center Alan DeTourney Music Mt. St. Mary School Scholarship St. Isidore School Endowment, Yuba City 10 Endowment Mt. St. Mary School, Single Parent Scholarship Endowment St. James School Endowment, Davis St. John Notre Dame School Endowment, Folsom VOCATIONS ENDOWMENTS St. John the Evangelist School Endowment, Carmichael Bishop William K. Weigand Seminarian Endowment Endowments by Purpose St. John Vianney Endowment, Rancho Cordova Catherine and Patrick Dunning Memorial Fund St. Joseph School Endowment, Auburn Cottle Endowment St. Joseph School Endowment, Redding Fred W. Lammerding Seminarian Education St. Joseph School Endowment, Sacramento Endowment Human Services / Social Ministries / Other St. Joseph School Scholarship, Redding Helen R. Hogan Seminarian Education Endowment 3% | $ 2,129,000 St. Mary’s School Endowment, Sacramento Holy Family Parish Religious Vocations Endowment Catholic Schools / St. Mel’s School Endowments, Fair Oaks Joe and Edna Fisher Seminarian Endowment Tuition Assistance St. Patrick / St. Vincent High School Endowment Mary Luddy Seminarian Education Endowment Cemetery Perpetual Care 62% | $38,318,500 24% | $ 15,030,400 St. Patrick / St. Vincent High School Memorial Preserving our Past Building our Future Scholarship Scholarship Fund Endowment for Seminarian Education St. Philomene School Endowment, Sacramento Priestly Vocations Endowment St. Robert School Endowment, Sacramento William H. Farrell Seminarian Endowment St. Rose School Endowment, Roseville St. Th eresa Parish School Endowment, CEMETERY PERPETUAL CARE FUNDS South Lake Tahoe Department of Cemeteries Endowment Fund St. Th omas More School Endowment, Oroville Department of Cemeteries Veterans Endowment Fund Vocations St. Vincent Ferrer School Endowment, Vallejo St. Joseph’s Cemetery, Redding 4% | $ 2,289,100 St. Vincent Ferrer School Library and Scholarship, St. Patrick’s Cemetery, Placerville Parish Vallejo 7% | $4,217,400 SUCCEED Schools Endowment Fund HUMAN SERVICES/SOCIAL MINISTRIES/OTHER Th e Leandro and Mary Tirapelle Scholarship Fund Camp ReCreation Endowment Th omas & Beverly Burke Endowment Fund, St. Patrick Fr. Dan Madigan Endowment / St. Vincent High School Helena St. Louis Endowment Th omas N. Burke Class of 1954, St. Basil, Vallejo Oxnard Sprague Mass Intentions Endowment Individuals practice their call to Christian stewardship Timothy Grover Memorial Scholarship, St. John Notre Dame School, Folsom Poverello Endowment for Social Programs and support the local Church through endowments Vliet Scholarship Endowment for College Preserving our Past Building our Future Social established with Th e Catholic Foundation. Services Endowment William Randolph Hearst Small and Rural School Th e Meuser Family Donor Advised Fund Endowment 11 Th e Social Services Fund AuditedFinancial Statements YEARS ENDED DECEMBER 31, 2010 & 2009 AUDIT COMMITTEE Statement of FinancialPosition Mr. Jack Burgis Assets Mr. Th omas J. McNamara 2010 2009 Chief Financial Offi cer Diocese of Sacramento Current Assets: Cash and Cash Equivalents $ 219,912 $ 739,209 Ms. Beth Mullen, CPA Accounts Receivable 117 42,849 Managing Principal Interest Receivable 1,253 — Reznick Group, P.C. Total Current Assets 221,282 782,058 Investments 61,856,887 14,029,706 Total Assets $ 62,078,169 $ 14,811,764

Liabilities and net assets 2010 2009 Current Liabilities: Accounts Payable $ 93,867 $ 16,181 Long-term Liabilities: Endowments Held for Others 53,760,299 7,950,774 Total Liabilities 53,854,166 7,966,955 Net Assets (Deficit): Unrestricted (2,954) (51,693) Temporarily Restricted 831,684 54,079 Permanently Restricted 7,395,273 6,842,423 Total Net Assets 8,224,003 6,844,809 Total Liabilities and Net Assets $ 62,078,169 $ 14,811,764

12 Net Assets 2010 $62,078,169 2009 $14,811,764 Statement of Activities

2010 2009 Temporarily Permanently Unrestricted Restricted Restricted Total Total Revenue and Reclassifications: Endowment Contributions $ — $ — $ 552,850 $ 552,850 $ 291,450 Other Contributions — 12,500 — 12,500 5,000 Net Investment Income 98,429 772,605 — 871,034 1,207,173 Net Assets Released from Restrictions 7,500 (7,500) — — — Total Revenue and Reclassifications 150,929 777,605 552,850 1,436,384 1,503,623 Expenses: Administrative and Financial Services Fee 49,690 — — 49,690 40,138 Distributions and Grants 7,500 — — 7,500 1,500 Total Expenses 57,190 — — 57,190 41,638 Change In Net Assets 48,739 777,605 552,850 1,379,194 1,461,985 Net Assets, Beginning of Year (51,693) 54,079 6,842,423 6,844,809 5,382,824 Net Assets, End of Year $ (2,954) $ 831,684 $ 7,395,273 $ 8,224,003 $ 6,844,809

13 INVESTMENT ADVISORS INVESTMENT COMMITTEE Target Asset Allocation Christian Brothers Investment Services, Inc. (CBIS) serves as CHAIR Mr. Kelly Brothers investment advisors for assets Partner, Genovese, Burford and Brothers of Th e Catholic Foundation. All

funds are invested in accord with Mr. Lon Burford the United States Conference Partner, Genovese, Burford and Brothers Large-Cap andnd of Catholic Bishops’ Socially Mr. Daniel J. Cairns, CFP®, CIMA Mid-Cap Equitieses Responsible Investment Guidelines The Cairns-Kay Financial Group 35%% where investments are guided by Wells Fargo Advisors Roman Catholic social and moral Mr. Th omas J. McNamara Chief Financial Offi cer FFixed Income teaching. So, the stewardship of Diocese of Sacramento 550% resources goes beyond simple Mr. Dexter Parulan fiduciary responsibilities of Vice President – Wealth Management ensuring acceptable return on Morgan Stanley/Smith Barney investments. Investments must refl ect commitment to other values Small-Cap EqEquitiesuities 7.57.5%% as well, such as the sacredness of life, the dignity of the individual, International Equities 7.5% collaboration, and the care for the poor. Overall, CBIS manages approximately $4 billion for Catholic organizations seeking to combine faith and fi nances through the responsible 14 stewardship of their assets. The Catholic Foundation

GIVING THROUGH THE CATHOLIC FOUNDATION HAS MANY BENEFITS MARKETING & COMMUNICATION COMMITTEE THE CATHOLIC FOUNDATION practices Christian stewardship by managing individual CHAIR endowment funds for the benefi t of parishes, schools and agencies in the Diocese of Dr. David H. Gasman Sacramento. Each year, an endowment’s earnings are used to help fi nance the specifi c St. Joseph Parish, Redding

purpose for which it was created. Th e Catholic Foundation provides an opportunity for Rev. Keith Canterbury individuals to practice their call to Christian stewardship while supporting their local Church. St. Patrick Parish, Weaverville Deacon Mike Evans Accountability Our books are audited every year to ensure accuracy and provide open Sacred Heart Parish, Anderson disclosure of all foundation activities. Mrs. Kathy Pescetti Socially All funds in Th e Catholic Foundation are invested through Christian Brothers St. Mel’s Parish, Fair Oaks Responsible Investment Services in accord with the social responsibility guidelines of the Rev. Roy R. Doner, Pastor Investing Roman Catholic Church. Our investments, therefore, refl ect the Church’s values St. Thomas the Apostle Parish, Oroville “ Giving helps — such as the sacredness of life, the dignity of the individual, collaboration, and the care for the poor. Mrs. Jane A. Flynn Designation Donations may be directed to specifi c causes that are important to the individual Sacred Heart Parish, Red Bluff me share what of Use donor such as Catholic education, charitable works, or pastoral activities. Mr. Jim Wayne Endowments may benefi t diocesan-wide ministries as well as parishes, schools Newman Catholic Center, Chico and agencies. Mr. Robert White Named Fund When a new fund is established, the donor may choose the fund’s name. Some St. Joseph Parish, Lincoln I have in a very donors may use their own name; others may choose to memorialize a family member or revered friend. Open-ended Most funds held by Th e Catholic Foundation are open-ended. Donations may positive way.” be made to the fund at any time. Beth Mullen Perpetuity A gift will be held by Th e Catholic Foundation for perpetuity. A portion of the Donor interest it earns will be distributed to the designated recipient ministry so that Annual Catholic Appeal the gift keeps on giving. Professional All foundation assets are prudently managed by professional investment managers Management (CBIS) and overseen by the Investment Committee of Th e Catholic Foundation whose members represent the fi nancial and investing fi elds of expertise. 15 Tax Advantages Contributing through Th e Catholic Foundation may entitle donors to estate and income tax deductions. Looking to the Future

CONTINUING TO BUILD GOD’S KINGDOM IN OUR VAST DIOCESE

AS WE LOOK TO THE FUTURE we are grateful for our partnership with our donors. Th ey have entrusted Th e Catholic Foundation with their gift s of time, talent and treasure. Th is generosity will allow us to move forward in serving the growing needs of our parishes, schools and social ministries. Vision In 2011, Th e Catholic Foundation is proud to support Bishop Soto in a variety of To serve as a endeavors focused on continuing to build God’s kingdom in our vast diocese. FORWARD-THINKING CATALYST Specifi c areas of progress planned for the 2011 year: in the shaping of eff ective and appropriate responses • Continuing to increase the participation level and fi nancial results to challenges and opportunities. of the 2011 Annual Catholic Appeal • Bishop Soto’s publishing of a Diocesan-Wide Strategic Plan in Mid 2011 ENTRUSTED & Experienced • The Foundation Board’s exploration of opportunities to raise capital CENTRAL ADMINISTRATOR for the fi nancial resources necessary to implement the initiatives of the Strategic Plan for the disbursement of funds from donors • Beginning the implementation of a newly defi ned governance model of varied ministerial interests and abilities to give. for Catholic schools. DEDICATED COMMUNITY PARTNER Th e Catholic Foundation also plans to report on the progress of these endeavors and their positive impact on our community. in fostering and providing fi nancial support for religious, educational and social ministries.

HIGHLY VISIBLE RESOURCE for the preservation of the Gospel values of

16 love, justice, forgiveness, and service to all. Vision

Th e Catholic Foundation of the Diocese of Sacramento, Inc. 2010 Annual Report

CREDITS PHOTOGRAPHY Th e Catholic Herald Donald Satterlee DESIGN Kathy Dana, Inc. CONTRIBUTIONS Th e Catholic Foundation of Rhode Island

17 Photo: Bishop Soto joins local youth for the West Coast Walk for Life, San Francisco, January 2011 COMMITTEES OF THE CATHOLIC FOUNDATION SERVICES OF THE CATHOLIC FOUNDATION To learn more about philanthropic opportunities Executive Parish stewardship resources and services of Th e Catholic Foundation Annual Catholic Appeal Annual Catholic Appeal call 916.733.0266 or visit www.tcfsac.org Audit Planned and major giving support Investment Parish capital campaign assistance Marketing and Communications Parish school development support Planned Giving Stewardship

P.O. BOX 189400 | SACRAMENTO, CA 95818-9400 The Catholic Foundation of the Diocese of Sacramento, Inc. is a California Nonprofit Religious Corporation organized as a supporting organization to the Roman Catholic Bishop of Sacramento, A Corporation Sole, within the meaning of Internal Revenue Code section 509(a)(3).