SPRING 2017 VOLUME XXXI ISSUE 1
THE
v i s i t o u r w e b s i t e : www.catholicfoundation.com
A Warm Welcome for 1 2 The Most Reverend Edward J. Burns
he Catholic Foundation hosted a luncheon and community reception to welcome The Most ReverendT Edward J. Burns as the eighth
Bishop of the Diocese of Dallas on 3 February 9, 2017. He had previously been serving as Bishop of the Diocese of Juneau, Alaska since 2009. In addition to his active involvement with a long list of notable committees and organizations, Bishop Burns travels widely as a speaker and facilitator and has been a frequent presenter at convocations, conventions 1. People form a receiving line for a chance to greet Bishop Edward J. Burns during a reception hosted by The Catholic and retreats nationwide. Foundation at the Morton H. Meyerson Symphony Center following his Installation Mass at the Cathedral Shrine of the Virgin of Guadalupe on Feb. 9. (photo credit: The Texas Catholic) We are very much looking forward to 2. Kevin Cardinal Farrell and Bishop Burns working with our newest member of the 3. L to R: The Most Reverend Christophe Louis Yves Georges Pierre - The Apostolic Nuncio to the United States, His Eminence Donald Cardinal Wuerl, The Most Reverend Edward J. Burns, His Eminence Daniel Cardinal DiNardo Board of Trustees, welcome Bishop Burns! and His Eminence Kevin Cardinal Farrell
THE PRESIDENT’S LETTER These spring and fall grants included major construction projects: Cristo Rey Dallas, Good Shepherd Church in Garland, St. Joseph’s Donors are making double the impact at The Church in Waxahachie and Cardinal Farrell Hall at the University of Catholic Foundation! Because of your generosity Dallas. Roofs were replaced at Holy Cross Church, St. Mary’s in in 2016, the Foundation processed 1600 grants Sherman, Our Lady of Lourdes and St. Elizabeth of Hungary, and new totaling more than $18 million to 560 unique security systems, HVAC systems and technology were installed at other organizations that address the educational, deserving organizations. religious and charitable needs in the Grants from individual endowments helped fund a new foyer at communities we serve. Because you, the donor, have entrusted us to St. Joseph’s Residence, helped support the Brady Center for seniors and administer your current charitable giving, we are able to invest your provided tuition assistance to 75 children for our local Catholic schools. resources and grow our unrestricted Philanthropy Fund, from which we award grants into our Catholic community. Whereas other commercial To our donors who have entrusted us with carrying out your gift funds keep those profits, we instead grant this money back out into charitable intentions now and after you have passed, thank you. We will the local community – doubling the impact of your resources. continue to be good stewards of your resources now and in the future.
J. Matthew Kramer A Strong F O UNDATION
THANKS TO OUR OUTGOING TRUSTEE
The Catholic Foundation thanks Jim Burke, Executive Vice President and COO of Vistra Energy (parent company of TXU Energy and Luminant), who just completed six dedicated years of service to our Board of Trustees. Jim is an active member of Christ the King Parish, serving as president of the Parish Finance Council. He is a graduate of Tulane University with a bachelor’s degree in economics and an MBA in finance and is a licensed certified public accountant and a chartered financial analyst. He served on The Catholic Foundation 2011-2013 Investment committee, 2011-2017 Distribution committee, 2014 Development Chair and Executive committee, 2015 Governance committee, 2016 Investment and Executive committee and served as Secretary for the Foundation. Jim and his wife, Marti, started the Jim and Marti Burke Family Fund of The Catholic Foundation in 2014 and live in Dallas with their daughters, Megan and Sarah. \
THE FOUNDATION BOARD WELCOMES NEW MEMBERS
The Catholic Foundation has named Kara children are parishioners at St. Rita. Kara at St. Rita Catholic Parish, Mary has three Gehan and Mary Terry to its 2017 Board of said, “I am honored to serve as a trustee of children and four grandchildren. Trustees. Each serving a three year term The Catholic Foundation. I am passionate “I am excited to become a part of this starting January 2017, the new trustees bring about our Catholic schools, and it is especially foundation that has impacted so many people exemplary leadership, wisdom and dedication gratifying to work with The Catholic and organizations in our Catholic community,” to the Board. Foundation to strengthen our schools so that says Mary. “Coming with a volunteer’s Kara Gehan, J.D. provides pro bono legal as many children as possible can enjoy the perspective, I have seen how the grants expertise to low-income families and benefits of a Catholic education.” coming from The Catholic Foundation have individuals. She is a member of the Advisory Mary Terry and her husband Mike founded often been transforming, both to schools and Boards of The Catholic Center at Duke The Mike & Mary Terry Family Foundation in community associations, as well as to the University and the Town North YMCA and the 2006, focused on providing equal individuals who benefit from their many Board of Trustees for The Ursuline Academy opportunities for all children, advancing youth scholarships and grants.” of Dallas Foundation. Previously, Kara was a through education and ensuring a haven for Current Trustee John Landon took over products liability litigation attorney at Hartline, those in need throughout North Texas. In as Chairman of the Board, as Vicky Lattner Dacus, Dreyer & Kern, LLP as well as addition to her work through the Foundation, becomes immediate past chair after leading Strasburger & Price, LLP. She graduated from Mary has served on the boards of the Jesuit the Board for two years. Since 2011, John has Ursuline Academy, earned her bachelor’s Dallas Museum and Notre Dame School of served on and chaired several committees degree at Duke University, and earned her law Dallas. She attended Ursuline Academy and of the Board including Audit & Administration, degree from The University of Texas at Austin. graduated from the University of North Texas Investments, Distribution, Governance and Kara, her husband Peter and their three with a degree in sociology. An active member Executive committees. He is the CEO and Chairman of Landon Development and Landon Homes, with more than 30 years of experience in the homebuilding and land development industry. John and his wife have four children and attend Prince of Peace Catholic Church. Matt Kramer, president and CEO of The Catholic Foundation adds, “Under John Landon’s leadership, I am confident our Board will help us grow the Foundation so that we may continue to greatly impact the community through the philanthropic dreams of our donors.” \ L to R: President and CEO Matt Kramer, with Kara Gehan, Mary Terry and John Landon
2 Giving SPIRIT
Giving101 by Cheryl Unis Mansour, Vice President of Development
USING REAL ESTATE TO valuable types of real estate. The property must be marketable or A gift of real estate can be beneficial to income producing and carry no debt. It is the BUILD A CHARITABLE LEGACY the donor when the property has significant Foundation’s policy to liquidate real estate long-term appreciation, especially when the as soon as practical. Proceeds from the sale When we think of philanthropy most of donor would incur a sizable capital gains go into a charitable fund to support your us think “cash.” Yet there are other non-cash tax on selling. Under these circumstances, charitable objectives. assets you can contribute to charity, and you gifting your primary or secondary home may If you would like to explore the possibility may be surprised to learn that the property allow you to by-pass capital gains tax and of donating your primary home, vacation you no longer need might be an ideal asset deduct the fair market value of your gift, home or other real estate to create a to use in building a charitable legacy. while removing a large taxable asset from charitable fund at The Catholic Foundation Are you considering downsizing? Are your estate. please call us at 972-661-9792. We would your parents moving to an assisted living All real estate donations worth $5,000 or be delighted to talk through the process with facility or have passed away recently? Are you more require the donor to provide: you and/or your professional advisor. \ considering leaving your home to a charity • An outside appraisal by a qualified like The Catholic Foundation? Personal appraiser residences are by far the most numerous • Title report real estate gift, even if not always the most • Environmental assessment
her pocket, packed up their lives and moved Donor Profile: to Dallas. JOSIE TOOGOOD During these extremely challenging years, Josie was soon to understand giving and receiving generosity like never before. Despite Josephine Cowley Toogood, born in Great living economically on the edge, her children Britain in 1923, has had a fascinating, heroic never felt deprived and were nurtured by the and generous life. When she turned 21 years Benedictine Sisters at St. Monica School, where old, she joined the Women’s Auxiliary Air Josie also volunteered. Force. Josie eventually became instrumental Little did she know that she would soon in the war effort as one of the earliest radar meet and marry her second husband Ed specialists tracking German fighters in their Toogood, transforming her life and the lives of attack on Great Britain. She was manning the her children. She has continuously volunteered radar on D-Day from the White Cliffs of Dover. at St Monica’s Church and School, visited Josie called herself a “war bride” because patients at the Veterans Hospital, and cared for she married an American soldier, Chester friends, neighbors and family for over 40 years. Stanley, after a year-long courtship during In 2016 Josie donated her home to the which they saw each other for a total of 21 Josie Toogood (center) is surrounded by great Foundation and the proceeds were used to days. She had to wait until there was a spot granddaughters Keely and Emma and is joined by establish The Josephine Fund of The Catholic granddaughter Mandy and daughter Anne above. on the SS Erickson ship so she could later Foundation. As advisors, her children and move to a small west Texas town to share a Josie’s son, John Stanley, summarizes his grandchildren will continue her legacy of home with her new husband and in-laws. first lesson of generosity from his mom, generosity for many years to come. The At just 39 years old, her husband Chester “Accept care from others with grace. Then take philanthropic intention of the Fund is the died of lung cancer when her children John what little you have, make it available, it will support of causes and/or organizations that and Anne were just 5 and 10 years old. Brave be blessed, then give it away without expecting serve women, girls, and especially Catholic and courageous Josie, a single mother, with repayment and stand by for an abundance of single mothers, a cause near and dear to no driver’s license, no formal job history, no awareness and relationships.” \ Josie’s heart. credit and only one thousand dollars cash in
3 A LIGHT On
CRISTO REY DALLAS COLLEGE PREPARATORY SCHOOL
ver $208,000 in grants were awarded to Cristo Rey from both Catholic O Foundation Donor Advised Funds and our general Philanthropy Fund in 2016. The funds will help aid the school with additional tuition assistance and purchase an entryway for their new building. Cristo Rey serves families from the Dallas area that could not otherwise afford a private Catholic education, and all students enrolled in the school participate in a unique corporate work- “Cristo Rey Dallas’ Corporate Work Study Program means our students can afford a Catholic college prep education by earning more than 60% of their cost of education with families study program. The hands-on approach of each contributing an average tuition of $804 per year,” shared Kelby Woodard, President of Cristo Rey student working five full days a month in a College Prep. “The partnership with The Catholic Foundation allows us to fill the remaining gap professional work environment helps them to and provide opportunities for students like Mark and Vaneza to continue their Catholic education build work ethic skills that allow them to and grow stronger in faith and purpose. On behalf of our business partners, our families, and most succeed both in college and in the modern importantly Mark and Veneza…thank you.” workplace. \
The 10th Annual Advisors Series FOR ESTATE AND WEALTH MANAGEMENT PROFESSIONALS
The Catholic Foundation presented our 10th seminar and provide current information on PRESENTING annual Advisors Series event on December 8, many of the most pressing legal and financial • Gardere Wynne Sewell LLP 2016 at the Belo Mansion featuring special considerations involved in wealth management • Carter Financial Management guest speaker, Jonathan G. Blattmachr. and estate planning, including philanthropic PATRON The most recent session, Post-Election considerations. Attendees received 2 hours of • Meadows, Collier, Reed, Cousins, Crouch Perspective: “Daily Bread” Estate and continuing education credit. Stay tuned, we & Ungerman, LLP Financial Planning for our Middle Tier Clients, will be announcing next year’s event details • Robert M. Bertino, Jr./UBS Private Wealth discussed the probable impact of the soon. Many thanks to our wonderful sponsors: Management November presidential elections on Federal SUPPORTING transfer and income tax planning for mid-tier • Bisignano Harrison Neuhoff LLP individuals, estates and trusts. It discussed • Frost Wealth Advisors methods to enhance wealth for such • Locke Lord LLP individuals, estates and trusts, including • Thompson & Knight Foundation methods to reduce income taxes. It also set FRIENDS forth the most efficient ways to acquire and • Bessemer Trust hold life insurance as well as planning for • CliftonLarsonAllen LLP the retirement benefits for such individuals. • Gruber Elrod Johansen Hail Shank LLP Each year The Catholic Foundation • Jackson Walker LLP presents a program to provide quality • PlainsCapital Bank Wealth Management continuing education opportunities for our local & Trust professional advisor community. Outstanding • Shamrock Asset Management, LLC Guest speaker Jonathan G. Blattmachr at the 2016 • professionals of national renown lead the Advisors Series at the Belo Mansion Armanino (Formerly TravisWolff)
4
2017 ANNUAL AWARD DINNER HIGHLIGHTS
1 5
ore than 1,000 guests gathered to honor Jane Mand Don Hanratty at The Catholic Foundation’s 35th Annual Award Dinner at the Hilton Anatole on Saturday, Feb. 11. The annual dinner recognized Jane and Don for their dedication, generosity and impact on the Catholic community and 2 education in the Diocese of Dallas 6 and beyond. In recognition of Jane and Don, The Catholic Foundation awarded a $10,000 grant to Notre Dame School of Dallas. The Foundation also presented a scholarship to Jathrine Martinez, a junior at The Highlands School, at the dinner.
1. Three generations of the Hanratty family. 3 7
2. Matt Kramer, President and CEO of The Catholic Foundation, and Jathrine Martinez, 2017 Catholic Foundation Scholar.
3. Roger and Marianne Staubach; The Most Reverend Edward J. Burns, Bishop of the Diocese of Dallas; and Jennifer and John Gates.
4. The Hanrattys were led into the ballroom by bagpipes played by Don Shannon.
5. Matt Kramer, President and CEO of
4 The Catholic Foundation (far left), and 8 John Landon, Chairman of The Catholic Foundation Board of Trustees (far right), present Jane and Don Hanratty (middle) with the 35th annual Catholic Foundation Award.
6. Most Rev. Gregory Kelly and Most Rev. Edward J. Burns.
7. Guests enjoying the cocktail reception before dinner at the 2017 Catholic Foundation Award Dinner on Feb. 11.
8. Dan and Lydia Novakov.
5 NON PROFIT ORGANIZATION U.S. POSTAGE PAID DALLAS, TX PERMIT NO. 2036 12222 Merit Drive, Suite 850 Dallas, TX 75251
Save the Dates 11th Annual Professional Advisors Series Wednesday,r December 13, 2017 36th Annual Award Dinner
Saturday, February 3, 2018
Barbara J. Coffman J. Barbara Michael F. Terry F. Michael Thomas W. Reidy W. Thomas Bob Montgomery Bob Bill Keffler Bill the Board of Trustees of Board the
of Chairman Former *
Thomas W. Codd, Jr.* Codd, W. Thomas Mary Templeton Mary Stephen C. Rasch C. Stephen J. Mitchell Miller Mitchell J. Joseph V. Hughes, Jr. Hughes, V. Joseph
Raymond M. Chavez M. Raymond Timothy P. Tehan P. Timothy Ed Ramirez, Jr. Ramirez, Ed Thomas E. Merkel* E. Thomas Rep. Will Hartnett Will Rep.
Luis D. Carrera D. Luis John L. Strauss* L. John Nicholas P. Panza P. Nicholas Jerry McElhatton Jerry Robin P. Hartmann* P. Robin
David A. Yost, CFP Yost, A. David
Karen M. Carney M. Karen Marianne H. Staubach H. Marianne Geoffrey C. Orsak, Ph.D. Orsak, C. Geoffrey John D. McConnell, M.D. McConnell, D. John Charles M. Hansen, Jr.* Hansen, M. Charles
Mark Wischmeyer Mark
Al Cardenas, M.D. Cardenas, Al Webb Sowden, Jr.* Sowden, Webb Bill Orender Bill Sara Martineau Sara Michael D. Haddad Haddad D. Michael
Laura Fox Williamson Fox Laura
Regis W. Campfield W. Regis Bonnie Smith Bonnie Dan O’Neal Dan Colleen Martin Colleen G. Michael Gruber Michael G.
Joseph P. Wilbert, Jr.* Wilbert, P. Joseph
Jim Burnham Jim Raymond G. Smerge G. Raymond Kevin P. O’Meara P. Kevin Nancy Cain Marcus Cain Nancy John Grimes, Jr. Grimes, John
Max A. Wernick A. Max
Matthew Bowen Matthew April B. Slovensky B. April Mary C. Oliver C. Mary Mangelsdorf* T.V. George R. (Read) Frymire (Read) R. George
Tucean Webb Tucean
Fernando Blanco Fernando Deacon Denis G. Simon G. Denis Deacon Dan Odom Dan Michael F. Maguire F. Michael Amy Fox Amy
USN (Retired) USN
Santo Bisignano, Jr. Jr. Bisignano, Santo Walsh M. Patrick Admiral Brian Shivers Brian Scot O’Brien Scot Gail Madden Gail Dan Flaherty Dan
Denny Beran Denny Wm. Kim Wade Kim Wm. C. Gregory Shamoun Gregory C. Neil J. O’Brien* J. Neil Michael Lynch Lynch Michael Gregory J. Fisher J. Gregory
Glen A. Bellinger Bellinger A. Glen Frank Ventura Frank Gwendolyn Satterthwaite Gwendolyn Hubert J. (Hugh) O’Brien* (Hugh) J. Hubert Norma L. Longwell L. Norma Charlie Fechtel Charlie
Thomas F. August F. Thomas David L. Van Buskirk Van L. David M. David Saller David M. Daniel P. Novakov P. Daniel Jerry Lastelick Jerry John Doke John
Dr. David Alameel David Dr. Thomas C. Unis, Jr. Unis, C. Thomas Joseph E. Saar E. Joseph Dr. Albert W. Niemi, Jr. Niemi, W. Albert Dr. Scotty Landry Scotty Mary Jo Dean Jo Mary
Lawrence Ackels, Jr. Ackels, Lawrence Michael J. Uhl J. Michael Andres Ruzo Andres Tom Nealon Tom Leamon (Lee) Lafayette (Lee) Leamon Levy Curry Levy
Carol Atwell Ackels Atwell Carol Charles J. Tusa* J. Charles Len C. Ruby* C. Len Terry Murphy Terry Joyce Lacerte Joyce Kevin M. Curley M. Kevin
Wendy M. Traylor M. Wendy Timothy P. Rooney P. Timothy Randall Muck Randall Walter N. (Nick) Kuntz III* Kuntz (Nick) N. Walter Carolyn Crutcher Carolyn Chairman
Lydia Haggar Novakov Novakov Haggar Lydia John M. (Mike) Thompson (Mike) M. John Marcos G. Ronquillo G. Marcos Thomas J. Moore J. Thomas John B. Kiser B. John Marlyn Conrow Marlyn
Jere W. Thompson* W. Jere Dwight Riskey Dwight Regina Montoya Regina Margo Keyes Margo Joseph M. Coleman M. Joseph Advisory Council Advisory
Immediate Past Chairman Past Immediate
Kara Gehan Kara
Lattner P. Victoria [email protected]
Alfredo Duarte Alfredo
Michelle Vopni Michelle Officer Officer Development Senior
Dallas, TX 75251 TX Dallas,
Javier Creixell Javier
Michael J. Murray, J.D. Murray, J. Michael
Robert W. Thoele W. Robert
12222 Merit Drive, #850 Drive, Merit 12222
L. Bradley Camp Bradley L.
Mary D. Terry D. Mary Officer Development Senior
The Catholic Foundation Catholic The Most Rev. Edward J. Burns J. Edward Rev. Most
CFRE George, Michael R. James S. Ryan, III Ryan, S. James
Robert M. (Rob) Bertino, Jr. Bertino, (Rob) M. Robert
Aileen Pratt Aileen Chief Financial Officer Financial Chief be sent to: sent be
Robert H. Berg, CFP Berg, H. Robert
Carol P. McDonald, CPA McDonald, P. Carol
Joseph V. Popolo, Jr. Popolo, V. Joseph should comments or questions
Win Bell Win
J. Scott Moore Scott J. Any programs. and activities evelopment D of President Vice
Victor Arias, Jr. Arias, Victor
Cheryl Unis Mansour Unis Cheryl
about The Catholic Foundation’s Foundation’s Catholic The about G. Marc Lyons Marc G. www.catholicfoundation.com
information and news provide to Kathy Hoover Kathy President & CEO & President Chairman
972-661-9792 call or refer to: refer or
J. Matthew Kramer Matthew J. John R. Landon R. John
published is Word Good The Vince Hess Vince regarding the Foundation, please please Foundation, the regarding
Monica Herrera, M.D. Herrera, Monica information additional For The Good Word Good The ecutive Staff ecutive Ex Board of Trustees of Board