What Love Looks Like LOVE 2015 ANNUAL REPORT What Does Love Look Like? Since 2001, It Has the Hands to Help Others

what love looks like LOVE 2015 ANNUAL REPORT What does love look like? Since 2001, It has the hands to help others. The Catholic Community It has the feet to hasten to the poor and needy. Foundation has supported

It has eyes to see misery and want. effective philanthropy in Southeastern Wisconsin It has the ears to hear the sighs and sorrows of men. through two main roles: That is what love looks like.

—Saint Augustine, Confessions • Helping donors establish permanent charitable funds to create long- lasting support for the causes they care about

• Offering parishes, You tell us that to love God and neighbor is not schools and other something abstract, but profoundly concrete: Catholic organizations LOit means seeingVE in every person the face of the Lord cost-effective, socially to be served, to serve him concretely. responsible investment management to keep And you are, dear brothers and sisters, endowment assets the face of Jesus. growing —Pope Francis 1 whatLOVE looks like

Dear Friends,

This year’s annual report for The Catholic Community Foundation includes quotes from two great spiritual leaders, St. Augustine and Pope Francis, offering clear directions on how to love our neighbor. Past and present, these men urge us to act.

The Catholic Community Foundation offers a way to act effectively. We make philanthropy easy—and as a result, life is better for children, for families, and for people of all ages who face poverty, discrimination and violence.

Our donors and the Foundation show what love looks like every day. We lend our hands and minds to schools, parishes and other organizations, building strength through cost- effective, socially responsible investment management. We restore hope through grants to a wide range of charitable organizations; see the list of recipients starting on page 11. As of the end of our fiscal year, our assets from which we lend our help, have grown to over $87.4 million.

As a not-for-profit 501(c)(3) corporation, the Foundation is independent of the Archdiocese of Milwaukee. Our board of directors includes Catholic religious and community leaders. With our donors, we sustain and spread Catholic values here in Southeastern Wisconsin, awarding $841,378 this year and over $6.2 million since our inception in 2001.

Let us help you create your legacy—and show the world what love looks like. It’s time for all of us to act!

Mary Ellen Markowski John A. Herbers President Chairman of the Board

November 2015 2 1 in the community LOVE 3 SERVING those who us SERVED

The phone keeps ringing for good chance you’ll end up on the “They’re leaving a job, not retiring “There’s no reason Kirsten Sobieski, Executive Director streets,” Kirsten says. “There’s no with a pension and benefits,” she of the Milwaukee Homeless reason anyone in our community explains. “People don’t always anyone in our Veterans Initiative. should be homeless. And there’s understand that.” Although today’s no reason anyone who served our young vets are coming home to an community should “We get calls from organizations country should be in this position, improving economy, Kirsten says who can’t do housing themselves,” whether they’ve been home one they still face barriers to employment. be homeless. And she says. “They know we can step month or 20 years.” “Some companies worry about post- in, work one-on-one with the veteran traumatic stress disorder and don’t there’s no reason and agencies who do housing. They As a veteran herself, Kirsten want to hire veterans,” she says. But know we can get results.” understands the challenges others are gradually making hiring anyone who served of people leaving the military. veterans a priority. Started by veterans in 2008, MHVI guides homeless and at-risk our country should veterans to their highest levels of independence. The organization has be in this position, helped more than 1,500 veterans obtain benefits, housing, health care, whether they’ve household goods, food, clothing, transportation and other necessities. been home one “Milwaukee has a very good VA month or 20 years.” hospital—but if you come here without a home or a job, there’s a

4 Financial support from The Catholic Financial support from The Catholic Community Foundation is “a lifeline for the initiative,” Kirsten says. Even Community Foundation is “a lifeline for more important, “the Foundation brings focus to what’s happening the initiative,” Kirsten says. Even more in our community.” important, “the Foundation brings focus MHVI collaborates with other local agencies, avoiding duplication of to what’s happening in our community.” services. “It’s important for people to see that we work with other organizations,” Kirsten says. “We can’t do this alone. We’re all in this together.”

That includes filling in the gaps when another agency can’t meet a specific need. As the MHVI website says, “We operate without red tape. There is no Catch-22 here. If you wore a uniform, you’re a veteran and we will help you.”

And that’s why Kirsten’s phone keeps ringing. n

5 LOVEthrough giving

6 DONOR FUNDS within the foundation Through the Foundation, you can give to a Catholic cause or causes that further the Church’s mission, primarily in Southeastern Wisconsin. Your gift is invested in a permanent endowment, from which we award grants each year. Choose from the following fund types, naming your fund to reflect your philanthropic purpose.

n Robert T. Bautch and Randi L. Bautch Fund n JCC Fund Advised Fund n Joseph F. and Catherine M. Bennett Family Fund n Rev. Carl M., Eugenia, and Lauretta Kazmierczak You recommend charitable organizations for grants, with the Priesthood Support Fund option to change recipients from year to year. Advised funds n Fred and Karen Bersch Family Fund n Judith A. Keyes Family Fund may offer you more advantages than a private foundation. n Andrew F. Boldt Memorial Scholarship Fund n Audrey J. Komarek Fund n Bishop Brust Memorial Fund Designated Fund n Legacy Fund for Tomorrow’s Present: n Building the Faith General Fund A Lasting Tribute to the Work of Lisa-Marie You create a fund to benefit one or more specific Calderone-Stewart, Ed.D. charitable agencies or organizations. n James and Mary Crewe Rome Fund n Elise T. and Paul W. Meyer Fund n Reverend Leslie Darnieder Scholarship Fund n Mission Fund Field of Interest Fund n Sarah M. Dean Fund You indicate a charitable area of interest, and we find n Mary Agnes Navin Fund n DePorres Scholarship Fund grant recipients in that area. n The Sacred Heart Fund n Directors Legacies of Faith Fund n St. Aemilian Fund Unrestricted Fund n Henry and Francine Ducat Fund n St. Anthony Fund You give the Foundation full discretion in awarding grants. n Education Endowment Fund n St. Gerard Association Endowed Scholarship Fund n Carl and Ethel Groth Endowment Fund n Marilyn C. Schmit, Ph.D. Fund Supporting Foundation n Brian D. Hanley Fund Private foundations are welcome to become part of n Allen and Diane Spaeth Charitable Fund The Catholic Community Foundation. n Father Gerald B. Hauser and John and n Archbishop Rembert G. Weakland Fund Ruth Kegel Priesthood Scholarship Fund n Whelandale Trust n John C. (Jack) and Hildegard A. Heegeman Scholarship Fund n Charles and Sara Wieber Family Fund n RWH and EMH Estate Fund n Yaniak Fund 7 LOVEfor parishes

8 AGENCIES The Foundation’s assets under management include endowment funds of local parishes, schools and other Catholic organizations. Funds are pooled in a well-diversified, socially responsible portfolio to maximize cost savings and investment performance.

Many of these agencies have multiple funds. n Sacred Heart, Racine n St. Margaret Mary, Milwaukee n Archdiocese of Milwaukee n St. Alphonsus, Greendale n St. Martin de Porres, Milwaukee n Blessed Sacrament, Milwaukee n St. Andrew, Delavan n St. Mary, Dover n Blessed Trinity, Sheboygan Falls n St. Anthony on the Lake, Pewaukee n St. Mary, Menomonee Falls n The Cathedral of St. John the Evangelist, n St. Bernard, Wauwatosa n St. Mary, Waukesha Milwaukee n St. Boniface, Germantown n St. Mary’s Visitation, Elm Grove n Catholic Charities of the Archdiocese of Milwaukee, Inc. n St. Bruno, Dousman n St. Paul, Milwaukee n Christ King, Wauwatosa n St. Catherine, Milwaukee n St. Peter, Kenosha n Congregation of Good Shepherd, Eden n St. Charles, Hartland n Ss. Peter and Paul, Milwaukee n Divine Savior Holy Angels High School n St. Dominic, Brookfield n St. Robert Bellarmine, Union Grove n Faith In Our Future Trust n St. Edward, Racine n St. Roman, Milwaukee n Holy Angels, West Bend n St. Eugene, Fox Point n St. Theresa, Eagle n Holy Family, Whitefish Bay n St. Frances Cabrini, West Bend n Salesianum Alumni/AE Association n Lumen Christi, Mequon n Saint Francis de Sales Seminary n Sheboygan County Catholic Fund, Inc. n Marquette University High School n St. James, Mukwonago n Society for the Propagation of the Faith n Our Lady of Divine Providence, Milwaukee n St. John Vianney, Brookfield n Three Holy Women, Milwaukee n Our Lady of Good Hope, Milwaukee n St. Kilian, Hartford n Waukesha Catholic School System, Inc. n Our Risen Savior, Eldorado n St. Leonard, Muskego n Wisconsin Catholic Conference n Presentation of the Blessed Virgin Mary, n St. Luke, Brookfield North Fond du Lac 9 for grant recipients LOVE 10 GRANT RECIPIENTS The Catholic Community Foundation this fiscal year 2014/2015 awarded $841,378 in grants for programs/projects that support our four priorities. We focus on four areas: education; leadership development; health care for the underserved in Milwaukee; and community building to strengthen families, parishes and those suffering from poverty, discrimination and violence. Since inception, the Foundation has awarded over $6.2 million in grants.

The following organizations received grants from donor n Divine Savior Holy Angels High School . . $ 4,000 n Life’s Connection, Mukwonago . . . . . $ 5,000 funds within the Foundation. n Dominican High School ...... $ 5,000 n Lumen Christi Congregation ...... $ 7,900 n All Saints Catholic School, Kenosha . . . .$ 5,000 n Feeding America Eastern Wisconsin . . . $ 280 n Marquette University ...... $ 12,375 n Archdiocese of Milwaukee ...... $ 61,800 (various programs) n Foundation for Religious Retirement . . . $ 10,580 n Marquette University High School . . . . $ 6,000 n Basilica of the National Shrine of Mary n Foundation for St. Francis and Franklin . . $ 7,500 n Marquette University School of Dentistry . $ 2,000 Help of Christians at Holy Hill ...... $ 575 n Franciscan Peacemakers ...... $ 10,000 n Mary, Queen of Saints Catholic Academy . $ 4,000 n Benedict Center ...... $ 10,000 n The Gathering of Southeast Wisconsin . . $ 15,000 n Medical College of Wisconsin ...... $ 10,000 n Blessed Sacrament School ...... $ 800 n Gesu Parish ...... $ 2,880 n Messmer Catholic Schools ...... $ 10,000 n Bread of Healing Clinic ...... $ 5,000 n Glenmary Sisters ...... $ 4,425 n Midwest Pastoral Administrators . . . . .$ 2,500 n Cardinal Stritch University ...... $ 1,860 n Guest House ...... $ 10,000 n Milwaukee Center for Independence . . . $ 5,000 n Casa Romero Renewal Center ...... $ 7,500 n Holy Angels, West Bend ...... $ 22,510 n Milwaukee Christian Center ...... $ 10,000 n Catholic Charities ...... $ 24,200 n Holy Angels School Trust Fund ...... $ 23,085 n Milwaukee Habitat for Humanity . . . . .$ 500 n Catholic Memorial High School . . . . . $ 13,000 n Holy Wisdom Academy ...... $ 1,600 n Milwaukee Homeless Veterans Initiative . .$ 10,000 n Catholic Stewardship Appeal ...... $ 2,225 n Hope Center, Waukesha ...... $ 10,000 n Milwaukee Rescue Mission ...... $ 5,000 n Christ King School ...... $ 2,288 n House of Peace ...... $ 12,000 n My Home, Your Home ...... $ 10,000 n College Possible ...... $ 6,000 n Hunger Task Force ...... $ 2,500 n Near South Side Catholic Schools . . . . $ 12,500 n CommonGround Ministry ...... $ 7,500 n Inspirio Youth Ministries, Inc...... $ 7,500 n Notre Dame Schools of Milwaukee . . . .$ 11,410 n CORE/El Centro ...... $ 10,000 n John Paul II Academy, Racine ...... $ 13,350 n Office of the Propagation of the Faith . . .$ 1,060 n Dismas Ministry ...... $ 3,000 n Kathy’s House ...... $ 5,000 n Open Door Cafe at the Cathedral of n Divine Mercy School ...... $ 14,016 St. John the Evangelist ...... $ 10,000 11 GRANT RECIPIENTS continued

n Our Lady Queen of Peace School . . . . $ 800 n St. Francis de Sales School, n St. Vincent de Paul Society of Milwaukee . $ 10,000 Lake Geneva ...... $ 9,000 n Penfield Children’s Center ...... $ 10,000 n Salesian Missions ...... $ 4,425 n Saint Francis de Sales Seminary . . . . .$ 38,830 n Petawa Residence and Cultural Center . . $ 5,000 n Salvatorian Mission Warehouse . . . . . $ 16,740 n St. Gregory the Great School ...... $ 6,000 n Philippine Cultural and n School Sisters of Notre Dame ...... $ 16,425 Civic Center Foundation ...... $ 2,400 n St. Joan Antida High School ...... $ 10,000 n Serenity Inns ...... $ 1,000 n Pius XI High School ...... $ 2,208 n St. John the Evangelist School ...... $ 5,600 n SET Ministry ...... $ 7,500 n Pius XI High School Performing n St. Josaphat School ...... $ 800 Arts Academy ...... $ 7,500 n SHARP Literacy ...... $ 7,500 n St. Joseph Catholic Academy ...... $ 832 n Prevent Blindness ...... $ 2,500 n Sisters of St. Francis of Assisi ...... $ 4,425 n St. Joseph Foundation ...... $ 10,000 n St. Adalbert School ...... $ 1,600 n Sixteenth Street Community Health Center $ 7,500 n St. Lawrence Seminary High School . . . $ 416 n St. Alphonsus School, Greendale . . . . .$ 3,057 n Three Holy Women ...... $ 1,300 n St. Leonard School, Muskego ...... $ 2,000 n St. Andrew School, Delavan ...... $ 10,000 n United Community Center ...... $ 7,500 n St. Martin of Tours School, Franklin . . . .$ 10,000 n St. Anthony on the Lake, Pewaukee . . . $ 3,900 n Vision Forward ...... $ 10,000 n St. Mary Catholic School, Burlington . . . $ 7,500 n St. Anthony School Milwaukee . . . . . $ 7,500 n Waukesha Catholic School System, Inc. . .$ 7,300 n St. Peter Catholic School, Slinger . . . . .$ 3,000 n St. Benedict Community Meal ...... $ 15,000 n Wauwatosa Catholic ...... $ 416 n St. Peter, Slinger ...... $ 575 n St. Ben’s Clinic at the Cathedral Center . . $ 10,000 n Women’s Care Center, Milwaukee . . . . $ 15,000 n St. Rafael the Archangel School . . . . .$ 1,600 n St. Bruno School, Dousman ...... $ 10,000 n The Women’s Center, Waukesha . . . . .$ 2,000 n St. Robert Catholic Church, Shorewood . . $ 5,000 n St. Catherine High School, Racine . . . . $ 6,675 n Women’s Support Centers of Milwaukee . $ 5,000 n St. Roman School ...... $ 800 n St. Charles Borromeo School ...... $ 800 n St. Thomas Aquinas Academy ...... $ 2,700 n St. Elizabeth Ann Seton Dental Clinic . . .$ 10,000 n Saint Thomas More High School . . . . .$ 17,832 12 STATEMENT OF FINANCIAL POSITION June 30, 2015 and 2014

ASSETS LIABILITIES AND NET ASSETS

Current Assets 2015 2014 Current Liabilities 2015 2014

Cash and cash equivalents: Accounts payable: Foundation $133,755 $80,354 Foundation $100,644 $78,758 Agency funds 30,000 275,000 Agency funds 117,856 93,319 Accounts receivable 111,420 91,858 Accrued liability 25,033 40,292 Prepaid expenses 4,234 4,024 Current portion of capital leases 2,512 2,094

Total Current Assets $279,409 $451,236 Total Current Liabilities $246,045 $214,463

Property & Equipment $14,817 $18,289 Long-Term Liabilities

Long-term portion of capital leases 2,496 4,966 Investments (at fair value) Agency funds 60,593,330 53,263,177

Long-term investments $26,729,348 $26,596,468 Total Long-Term Liabilities $60,595,826 $53,268,143 Agency funds 60,681,186 53,081,496 TOTAL LIABILITIES $60,841,871 $53,482,606

Total Investments $87,410,534 $79,677,964 TOTAL ASSETS $87,704,760 $80,147,489 Net Assets

Unrestricted funds $18,194,253 $17,583,248 Temporarily restricted funds 8,668,636 9,081,635

Total Net Assets $26,862,889 $26,664,883 TOTAL LIABILITIES AND NET ASSETS $87,704,760 $80,147,489 13 STATEMENT OF ACTIVITIES year ended June 30, 2015 and 2014

Temporarily Year Ended Temporarily Year Ended Public Support and Revenue Unrestricted Restricted 2015 Total Unrestricted Restricted 2014 Total

Contributions $1,432,895 $59,641 $1,492,536 $669,697 — $669,697 Interest and dividend income 277,719 140,666 418,385 193,365 $101,978 295,343 Realized gains (losses) on investments 514,510 261,290 775,800 896,532 469,487 1,366,019 Unrealized gains (losses) on investments (823,716 ) (422,708 ) (1,246,424 ) 1,593,631 853,053 2,446,684 Investment management fees (114,600 ) (57,391 ) (171,991 ) (102,515 ) (53,310 ) (155,825 ) Administrative fee on agency endowments 232,774 — 232,774 177,692 — 177,692 Net assets released from restrictions 394,497 (394,497 ) — 378,483 (378,483 ) —

Total Public Support and Revenue $1,914,079 $(412,999) $1,501,080 $3,806,885 $992,725 $4,799,610

Expenses

Grants approved for charitable purposes $841,378 — $841,378 $754,750 — $754,750 Program-related expenses 164,266 — 164,266 154,139 — 154,139 Supporting services: Administrative expenses 297,430 — 297,430 287,382 — 287,382

Total Expenses $1,303,074 — $1,303,074 $1,196,271 — $1,196,271 Change in Net Assets $611,005 $(412,999 ) $198,006 $2,610,614 $992,725 $3,603,339 Net Assets - Beginning of Year $17,583,248 $9,081,635 $26,664,883 $14,972,634 $8,088,910 $23,061,544

Net Assets - End of Year $18,194,253 $8,668,636 $26,862,889 $17,583,248 $9,081,635 $26,664,883

14 SUMMARY OF INVESTMENTS June 30, 2015 and 2014

Investments as of June 30, 2015 Cost Value Fair Value

Cash and cash equivalents $349,418 $349,418 Large/mid-cap equities and S&P 500 index fund 18,074,657 28,911,431 Domestic small/mid-cap common stock 9,045,831 9,726,176 International equities 17,944,676 18,588,108 Commodities and inflation hedges 6,760,009 5,934,227 Bond mutual funds 21,169,643 19,850,450 Real estate 402,319 834,422 Hedge composite 2,750,000 3,216,302

Total Investments $76,496,553 $87,410,534

Investments as of June 30, 2014 Cost Value Fair Value

Cash and cash equivalents $1,155,038 $1,155,038 Large/mid-cap equities and S&P 500 index fund 18,069,321 28,970,218 Domestic small/mid-cap common stock 4,338,759 4,781,538 International equities 14,935,303 17,154,245 Commodities and inflation hedges 5,299,819 5,603,692 Bond mutual funds 17,656,667 17,991,449 Real estate 473,938 804,328 Hedge composite 2,550,000 3,217,456

Total Investments $64,478,845 $79,677,964 15 NOTES to financial statements

Estimates Unrestricted Net Assets The preparation of financial statements in conformity with accounting principles Net assets that are not subject to donor-imposed stipulations. generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, Temporarily Restricted Net Assets revenues and expenses and the disclosures of contingent assets and liabilities at Net assets subject to donor-imposed stipulations that either expire by passage the date of financial statements. Actual results could differ from these estimates. of time or can be fulfilled and removed by actions of the Foundation pursuant to those stipulations. Tax-Exempt Status The Foundation is exempt from federal and state income taxes on related exempt Permanently Restricted Net Assets function income under Section 501(c)(3) of the Internal Revenue Code and has been Net assets subject to donor-imposed stipulations that they be maintained classified as an organization other than a private foundation. The Foundation does permanently by the Foundation. Currently, the Foundation does not have not consider any of its support and revenues to be unrelated business income and, any permanently restricted net assets. accordingly, no provision for income taxes has been provided in the accompanying financial statements. Agency Endowment Funds Certain Catholic parishes and other organizations have transferred funds to the Net Assets Foundation for management. These funds are invested with the other funds of the Net assets, revenues, gains and losses are classified based on the existence or Foundation, but title is retained by the transferring organization and the funds are absence of donor-imposed restrictions. Accordingly, net assets of the Foundation reflected in the statements of financial position of the Foundation as investments are classified and reported as follows: and the corresponding amounts listed as current and long-term liabilities.

The Catholic Community Foundation is audited annually. Copies of the complete audit reports are available upon request.

16 BOARD of directors Debra Alder Ann M. Rieger President and CEO, Alder Companies Attorney, Davis and Kuelthau SC

F. Jon Baranko Maureen Stapleton Chief Equity Officer, President, Stapleton Realty and Appraisal Wells Capital Management Patricia L. Van Kampen Thuy Barron Community Volunteer, Director, Deloitte Tax LLP former Vice President, Common Stock, Mason Street Advisors LLC Leslie A. Blum Real Estate Construction Consultant Adam J. Wiensch Attorney, Foley and Lardner LLP Barbara Anne Cusack Chancellor, Archdiocese of Milwaukee

Thomas J. Fischer Fischer Financial Consulting LLC STAFF

Rev. Dan Janasik Pastor, St. Leonard, Muskego

Judy Keyes Community Volunteer

Very Rev. William Kohler Vicar General, Archdiocese of Milwaukee

Mary Ellen Markowski John A. Herbers John J. Marek John Blickle Julie Kurer President, Chairman of the Board, Treasurer and Chief Financial Officer, Controller Administrative The Catholic Community Foundation Attorney, Reinhart Boerner Van Deuren SC Archdiocese of Milwaukee Coordinator

Camela M. Meyer Vice President and Trust Officer, The Chicago Trust Company, N.A.

David Morris First Vice President, Financial Consultant, RBC Wealth Management 17 637 EAST ERIE STREET MILWAUKEE, WI 53202

T: 414.431.6402 F: 414.431.6407

legaciesoffaith.org

The Catholic Community Foundation is a not-for-profit Wisconsin Corporation, tax-exempt pursuant to Section 501(c)(3) of the Internal Revenue Code and governed by its own Board of Directors.

The Foundation is a separate civil and canonical entity independent of the Archdiocese of Milwaukee.

For more information on how you can provide for your community — in perpetuity — visit legaciesoffaith.org.