2016 Annual Statement of Accountability

CATHOLIC COMMUNITY FOUNDATION of Los Angeles OUR MISSION EMBRACES OUR VALUES THROUGH A

COMMUNITY OF FAITH AND LOVE IN ONENESS WITH THE

CATHOLIC CHURCH THROUGHOUT THE WORLD. THESE

VALUES INCLUDE UPHOLDING THE DIGNITY OF LIFE FOR

ALL, WORKING TO ELIMINATE POVERTY, AND HELPING

TO REMOVE THE BARRIERS THAT DIVIDE PEOPLE IN

LARGE, COMPLEX, AND MULTICULTURAL SOCIETIES

SUCH AS SOUTHERN CALIFORNIA. THIS MISSION

IS CARRIED OUT THROUGH THE SUSTAINABILITY

OF PARISHES, SCHOOLS, SACRAMENTAL LIFE, AND

VOCATIONS FOR ALL RELIGIOUS, PLUS COMMUNITY

OUTREACH AND SERVICE TO OTHER ORGANIZATIONS

THAT ARE CLOSELY ALIGNED TO THESE GOALS. Chairman’s Letter

Dear Friends,

The Catholic Community Foundation of Los Angeles closed its second operating year on December 31, 2016. During these formative two years, over $250 million in funds were entrusted to us to manage. We made a record number of grants totaling over $50 million, and $203 million in assets under management were on our books at year-end.

The highlight of our year was receiving an unrestricted grant from The Thomas and Dorothy Leavey Foundation, which allowed us to pay off all our operating debt to the Archdiocese of Los Angeles.

We now have 85 separate funds, including 36 that were gifted to us. The growth in these funds, together with the large amount of grants we issued in this fiscal year, are testament to our financial strength and the impact we make on the communities we serve.

Since our last report, we welcomed Tim Busch, Dorene Dominguez, Dave Misch, and Ed Roohan to our Board, all of whom provide us with more expertise in financial management and developing client relationships. We regretfully accepted the resignations of Lisa Stevens and Rick Hernandez, extending our appreciation for their service and commitment to our mission.

On behalf of our Board, we are grateful to every client, to each employee, and to all of the contractors and service providers who support CCF-LA and who made 2016 so successful.

Sincerely,

William M. Wardlaw Financial Highlights

The most significant fiscal event in 2016 for parishes, social services, religious orders, the Catholic Community Foundation of Los and other entities within the Archdiocese, Angeles was paying off our operating debt. for a 409 percent increase in grants from This was made possible by a grant from The $8.1 million in 2015. Contributions were Thomas and Dorothy Leavey Foundation to down from $66.4 million in 2015 to $43.2 pay off $561,000 owed to the Archdiocese million primarily due to timing of charitable of Los Angeles. In addition, the Archdiocese gifts made at year-end 2015. forgave $95,000 in other payables. Net assets grew by $7.3 million, or Other highlights from our second operating 12.7 percent, from $57.8 million to year included a 7.1 percent growth in assets $64.7 million in 2016. This growth was under management from $189 million to $203 due to tight controls on spending, new million. Of that amount, Agency Fund values client relationships, and an increase in increased by 5.5 percent, from $131.2 million unrestricted gifts from $500 in 2015 to $2.1 to $138.5 million, even with withdrawals of $9 million in 2016. million in funds. Operating expenses increased from We also received $43.2 million in $963,000 to $1.5 million to fund growth in contributions and distributed over $41.2 client development. million in grants to support education,

0.8% 0.7%

Composite of Funds

30.3% n Agency Funds n Donor-Advised Funds— Nonpermanent 68.2% n Donor-Advised Funds— Permanent and Designated Endowments

n Unrestricted Operating Grant Year Ended December 31, 2016

Statement of Activities 2016 Audited 2015 Audited Revenue, Gains (Losses), and Other Support Contributions $41,161,902 $66,466,495 Unrestricted Operating Grants 2,059,000 - Fund Maintenance Fees 1,081,996 599,550 Investment Income 1,481,933 778 Net Realized Gains on Investments 1,488,623 25,072 Net Unrealized Gains (Losses) on Investments 2,725,327 (98,609) Other Income 95,502 3,871 Net Revenues and Other Support $50,094,283 $66,997,157 Expenses Program Grants Education 40,544,259 7,613,679 Parishes 26,370 22,000 Social Services 229,588 65,250 Other Religious and Seminaries 451,593 404,112 Subtotal Program Grants $41,251,810 $8,105,041 Operating Expenses Program Services - 88,955 Management and General 1,331,130 819,530 Fundraising 167,197 21,230 Subtotal Operating Expenses $1,498,327 $929,715 Total Expenses $42,750,137 $9,034,756 Increase in Net Assets $7,344,146 $57,962,401 Net Assets, beginning of year 57,840,894 (121,507) Net Assets, end of year $65,185,040 $57,840,894

Statement of Financial Position

Assets Cash and Cash Equivalents $8,828,205 $12,339,733 Other Current Assets 287,901 278,407 Investments 194,656,636 177,165,741 Noncurrent Assets—Property, Plant, and Equipment (net) 10,552 - Total Assets $203,783,293 $189,783,881 Liabilities and Net Assets Accounts Payable and Accrued Expenses 56,628 65,820 Agency Funds Held in Trust 138,530,696 131,269,260 Capitalized Lease Liability 10,929 - Long-Term Note and ADLA payable - 607,907 Total Liabilities $138,598,253 $131,942,987 Net Assets Unrestricted 63,488,141 56,589,710 Temporarily Restricted 541,919 263,522 Permanently Restricted 1,154,980 987,662 Total Net Assets $65,185,040 $57,840,894 Total Liabilities and Net Assets $203,783,293 $189,783,881

Note: For a complete set of financial statements audited by our independent auditors, RSM US LLP, CPAs, please contact our corporate offices at 213-426-1184. FOR IT IS IN GIVING

THAT WE RECEIVE.

~Saint Francis of Assisi

NO ONE HAS EVER BECOME POOR BY GIVING.

~Anne Frank

THE VALUE OF A MAN RESIDES IN WHAT HE GIVES.

~Albert Einstein

AMEN, I SAY TO YOU, WHATEVER YOU DID FOR ONE OF THESE LEAST BROTHERS OF MINE, YOU DID FOR ME.

~ Matthew 25:40

IF YOU CAN’T FEED A HUNDRED PEOPLE, THEN FEED JUST ONE.

~Mother Teresa Executive Director’s Letter

Dear Stakeholders and Friends,

Imagine that it was just two years ago, on March 2, 2015, that the Catholic Community Foundation of Los Angeles booked its first transactions. On that date, the groundwork was established for a truly remarkable addition to Catholic philanthropy in our Archdiocese.

Today, a balance sheet of over $200 million puts our focus squarely on the impetus for growth and impact. With over $50 million in grants funded during this period, the influence has been felt within our local communities in education, healthcare, vocations, and social services. Our goal is to take advantage of this momentum to reach more charities and philanthropists to professionally manage their charitable investments and gifting.

Our Development Commission sprang into action this year with ten dedicated professionals representing local regions, areas of expertise, and, most importantly, our faith. The strategic development plan involves outreach to Catholic and other faith- based entities as well as individuals and family foundations. Our product offerings include investment management for charitable organizations as well as investment and gifting management for individuals.

We are now rising above the carefully laid foundation in order to reach new horizons for supporting the wide-ranging mission of our Church. This involves plans to reach multiple generations representing the ethnic diversity of our region. Our Board, staff, and stakeholders are committed to teaching and sharing the great joy that comes from giving. It is in creating new ways of giving that our mission is fulfilled to serve our Church and the people who live in our communities.

Please know of the daily gratitude we have for each and every client and the value we place in your relationship and dedication to our mission.

Sincerely,

Kathleen H. Anderson Featured Funds

CCF-LA Development Board in documented planned gifts. The Pastors Charitable Fund Endowment Fund will be used to ensure the longevity of the Cathedral at the heart of the Los Donor-Advised Fund Angeles Catholic community. The CCF-LA Development Board was established in July 2016 with a group of eight passionate Cathedral High School professionals, community leaders, and financial Agency Fund planners whose knowledge and resources are shaping the CCF-LA development plan and its As one of the model schools for Catholic high implementation. These individuals, from all school education in Los Angeles, we were proud areas of the Archdiocese, have contributed their to establish a client relationship with Cathedral time and expertise in addition to setting up a High School and school president Martin Farfan. fund to support the most pressing needs of As a Lasallian Christian Brothers school, our young organization. “As a volunteer, it’s so Cathedral High has a long history of service important for me to support the incredible work to and education of poor and working-class of the Catholic Community Foundation of Los young men in downtown Los Angeles. CCF-LA Angeles,” said committee member and donor supports this mission through the investment Cindy Galindo. “My deep belief in their mission and management of an endowment fund that to help not only Catholic organizations in our will serve Cathedral High’s staff, students, and community but also other organizations whose families long into the future. missions follow the heart of church teachings— helping those in need—enables me to live my Order of St. Gregory Endowment Fund for the faith, serve humanity, and grow philanthropy in House of Prayer for Priests our community.” Agency Fund

Pastors Endowment Fund There are over 100 local members of the prestigious Order of St. Gregory the Great, an Endowed Fund order of knighthood of the Holy See recognizing When the announcement came that Monsignor men and women for their outstanding personal Kevin Kostelnik would be reassigned after service to the Roman Catholic Church. These 20 years at the Cathedral of Our Lady of the faithful and generous individuals have supported Angels, we knew this was a unique fundraising priests’ continued formation through the opportunity to support the maintenance and Cardinal Timothy Manning House of Prayer preservation of the Cathedral building and for Priests for more than 25 years by making campus he worked so hard to establish. We annual contributions to an endowment. CCF- collaborated with Cathedral staff on a campaign LA assumed the financial management of in Msgr. Kevin’s honor, raising $185,000 in the fund midyear and has since handled the cash and, more importantly, $3.8 million gifting process for the Order, depositing and acknowledging more than 50 gifts to the fund with efficient and personal service. Raquel Latham Scholarship Fund Every one of us in Scholarship Fund ‘‘ the Church is called The Raquel Latham Scholarship Fund to work to build a was established by Donald Latham in honor of his late wife, who was an society that reflects ardent, lifelong supporter of Catholic God’s purposes, a city education. This multi-donor fund of love and truth, provides grants to St. Mary Magdalen School in Camarillo, California, to be distributed solidarity and service. to any Catholic high school as scholarship funds From Archbishop José H. Gomez’ second’’ for the eighth-grade student or students who pastoral letter, “For Greater Things You have shown superior academic achievement. Were Born.” March 1, 2017 “I was always inspired by Raquel Latham’s dedication and advocacy of Catholic Education,” said Principal Michael Ronan, “and this scholarship fund will ensure that generations by which we help our neighbors in their bodily of top students will be able to receive support.” needs, treating all clients as if they were Christ This fund is a perfect example of how a donor in disguise.” can teach philanthropy to friends and family, who in turn can contribute to this fund. The first Union Rescue Mission Charitable Fund scholarship(s) will be awarded in spring of 2017 Donor-Advised Fund for the 2017–2018 school year. The Union Rescue Mission Charitable Fund Catholic Charities is a Donor-Advised Fund that supports the work of URM to not only provide shelter to Los Agency Fund Angeles’ homeless but to also provide many The Catholic Charities of Los Angeles Fund is an services to help them rejoin society and become Agency Fund established to support the ongoing self-sufficient. Emergency Services attends work of Catholic Charities of Los Angeles, the to a person’s immediate physical needs; the social services arm of the Archdiocese of Los Gateway Project is for single adults who may not Angeles. It provides relief services to the poor need an intensive recovery program; the Life- and homeless, including food pantries, elder Transformation Ministry is a long-term recovery care, refugee resettlement, youth employment, program for men; the Hope Gardens Family low-income preschools, immigration services, Center is for single women and women with and more. During the past year, Catholic children; Clinics provide healthcare, dental care, Charities provided 100,000 individuals with and psychological and legal counseling; and the 800,000 services, “seeking to live out the Learning Center offers education, vocational Corporal Works of Mercy, charitable actions skills, and trade support.

Donations to any of these funds can be made on the CCF-LA website, www.catholiccf-la.org. DO WHAT YOU CAN, WITH WHAT YOU HAVE, WHERE YOU ARE.

~Theodore Roosevelt

IF YOU WANT TO LIFT YOURSELF UP, LIFT UP SOMEONE ELSE.

~Booker T. Washington

IT TAKES A NOBLE MAN

TO PLANT A SEED FOR A TREE THAT WILL SOMEDAY GIVE SHADE TO PEOPLE HE MAY NEVER MEET.

~David E. Trueblood

HOW MARVELOUS IT WOULD BE, IF AT THE END OF THE DAY, EACH OF US COULD SAY: TODAY I HAVE PERFORMED AN ACT OF CHARITY.

~Pope Francis Our Founders—Unrestricted Gifts

In 2016, the Catholic Community Foundation of We are truly grateful to the following CCF-LA Los Angeles received its largest unrestricted gift, founders, and we recognize their commitment a $2 million grant from The Thomas and Dorothy to us: Leavey Foundation. Since our inception, we have raised a total of $2.1 million in unrestricted The Thomas and Dorothy Leavey Foundation gifts, which have been designated to support our Comp-Pros/EMRG operations. It was this recent grant that allowed Robert and Jacqueline Doud us to pay off our operating debt. This grant Edmund and Mary Shea Family Foundation also provides for a permanent endowment and John and Cynthia Lee Smet Foundation current-use funding for our growth in the next JPMorgan Chase Bank few years, allowing us to obtain the resources we Mary P. Loftus need to realize our strategic plan. Susan N. Stephenson Wells Fargo Foundation CCF-LA is identifying any unrestricted gift during our first three years of operations (2014–2017) Unrestricted Funds Usage as a “Founders Gift.” These are the donors who believe in our mission and invested in us. $5,000 They will be recognized in perpetuity for their $10,000 $85,000 commitment to our growth and success.

We would not be here today if not for the $561,000 extended to us by the Archdiocese of Los Angeles to meet our startup costs in $500,000 $560,000 2014 and the shortfalls between revenues and expenses during 2015 and 2016. We are now operating close to break-even, but it is the unrestricted gifts that will allow us to invest in people, facilities, and technology to move forward with our growth agenda. The endowed $940,000 portion of these funds will allow us to make our own grants.

It is our goal to continue raising unrestricted gifts to be managed by our Board in order to n Intern Program make grants to charitable entities that are n Technology Support aligned with our mission, especially those n Operating Deficit 2015–2016 Catholic entities located in the three-county area n Debt Repayment to Archdiocese of the Archdiocese of Los Angeles. n Development and Marketing Expenses as needed in 2017–2019 n Creation of Endowed Fund for Future CCF-LA Needs List of Funds

Agency Funds Our Lady of Lebanon—Wheeling, West Virginia Our Lady’s Maronite Catholic Church Cathedral High School of Los Angeles, Inc. St. George Maronite Church St. Jude Maronite Catholic Church LLC Cathedral of Our Lady of the Angels St. Sharbel Maronite Catholic Mission Close Family Estate Gift Sir Daniel Donohue Order of St. Gregory Fund for the Exclusive Huffington Mausoleum Benefit of the Cardinal Timothy Manning Mausoleum House of Prayer for Priests Other Deposits Endowment Plaza Restricted St. James School Education Foundation

Catholic Charities of Los Angeles, Inc. St. John’s Seminary Catholic Charities Chairs of Philosophy, Homiletics, Priestly Opus Caritatis Spirituality, and Systematic Theology Doheny Endowment Fund Catholic Education Foundation Ernest & Cecilia Borchard Memorial School CEF Surplus Balanced Fund Endowment Fund Frank & Blanche Seaver Scholarship Louis J. Kanitz and Golda I. Kanitz Endowment Fund Memorial Fund Memorial and Scholarship Fund The Martini Family & Friends Fund Michael Quigley Memorial Fund for the Development of Culture Santa Barbara I Tuition Awards Mildred & Edward Rylands Memorial Endowment Santa Barbara II Tuition Awards Revs. Elroy and Ronald Reimer Memorial Fund Santa Barbara III Teacher Incentive Robert & Catherine Ryan School Endowment Fund Santa Barbara IV Capital Improvement Scholarships—Permanently Restricted Santa Barbara V Tuition Awards Scholarships—Temporarily Restricted Whittier Family Fund—Tuition Grants Seminarians—Final Year William Randolph Hearst Endowment Seminarians—Personal Assistance Seminary Theologate Italian Federation Eparchy of Our Lady of Lebanon of Los Angeles Scholarship Fund Maronite Catholic Church St. John Seminaries Matthew Grace Eparchy of Our Lady of Lebanon—The Chancery Memorial Fund Eparchy of Our Lady of Lebanon— St. John Seminary Burse Clergy Retirement St. John Seminary Theologate Eparchy of Our Lady of Lebanon— Development Fund Order of St. Sharbel Victor & Loretta Mahony Scholarship Fund Our Lady of Lebanon—Chicago Parish Savings William & Julia Clark Scholarship Burse Endowment Donor-Advised Funds—Nonpermanent Order of St. Gregory for the House of Prayer for Priests Maintenance Fund in Honor of Bill and Helen Close Charitable Fund “B” Cardinal Roger M. Mahony Cathedral Music Fund Monsignor Francis J. Weber Fund CCF-LA Development Board Charitable Fund for the Benefit of the Archival Center at the Joan A. Payden Fund Archdiocese of Los Angeles John and Dorothy Shea Charitable Fund Monsignor Kevin Kostelnik Fund for the Junipero Serra High School Teachers Benefit of Liturgy at the Cathedral of Charitable Fund for Classroom Projects Our Lady of the Angels Louis M. and Sarah Jane Castruccio Charitable Fund Restricted Endowment Funds Mary Shea Family Charitable Fund Misch Family Fund for Catholic School Education Bill and Helen Close Preservation and Nirmala Rams Family Fund Maintenance Fund Union Rescue Mission Charitable Fund for the Benefit of the Cathedral of The Wardlaw Family Foundation Our Lady of the Angels Bob and Dolores Hope Endowment Fund Donor-Advised Funds—Permanent for the San Fernando Mission Dick and Rita Closson Fund Archbishop José H. Gomez Fund for the for Planned Giving Education Benefit of the Archdiocese of Los Angeles Kathleen H. Anderson Fund Bill and Helen Close Charitable Fund “A” for Catholic School Education Bill and Helen Close Fund for the Benefit of the for the Benefit of the Catholic Education Catholic Education Foundation of Los Angeles Foundation of Los Angeles Cardinal Roger M. Mahony Fund for Massa Family Endowed Fund Special Liturgical Celebrations at the for the Maintenance of the Cathedral of Our Lady of the Angels San Fernando Mission Cynthia L. and William E. Simon, Jr., Fund Monsignor Francis J. Weber The Brother Hilarion O’Connor, O.S.F., Fund Archival Center Endowment Fund for the Benefit of Sacred Art at the Pastors Endowment Fund for the Cathedral Cathedral of Our Lady of the Angels Sir Daniel Donohue Fund for the Archdiocese The David and Pamela DeVito Charitable Fund Order of St. Gregory for the Greatest Needs of Scholarship Funds the House of Prayer for Priests Fund in Honor of Sister Mary Jean Meier Edmund H. Shea, Jr., Scholarship Fund Order of St. Gregory for the House of Prayer Raquel Latham Scholarship Fund for Priests Education Fund in Honor of Fr. John McAnulty, S.J. Grant Beneficiaries

The Catholic Community Foundation of Los and receiving. This is how we build our Angeles issued 209 grants totaling $41.2 community of faith. And this is what sets us million to 83 charitable organizations, apart from other community foundations. including many under the religious exemption. Multiple grants were made Alpha Sigma Nu to Diocesan entities to support Catholic Aquinas High School education, vocations, annual appeals, special Archbishop José H. Gomez Fund events, and parish life. for the Benefit of the Archdiocese of Los Angeles Every grant we made was researched Archdiocese of Denver as to eligibility for charitable status and Archdiocese of Los Angeles with added assurances to our clients that their funds were distributed according to Archdiocese of San Francisco their wishes. In our grant-advice letters, The Archival Center at the we always encourage the beneficiaries to San Fernando Mission express gratitude to the advisers of the Arrupe Jesuit High School funds that recommended the grant. We do Bill and Helen Close Fund this because, after all, people give to people. for the Benefit of the Catholic Education Foundation of Los Angeles Every client’s story is just as important Bill and Helen Close Preservation and as the story about the beneficiary, and Maintenance Fund for the Benefit of the we believe our clients deserve that Cathedral of Our Lady of the Angels recognition. While we honor the wishes of Bishop Mora Salesian High School our anonymous donors, we want our clients The Brother Hilarion O'Connor, O.S.F., Fund to know they were appreciated and the for the Benefit of Sacred Arts at the recipient was thankful. Cathedral of Our Lady of the Angels California Patrons of the Arts in the Reading through the list of grants made entirely from Donor-Advised Funds, Vatican Museums you will come across religious orders; Cardinal Roger M. Mahony Fund Catholic elementary schools, high schools, for Special Liturgical Celebrations at the and universities; fraternal Catholic Cathedral of Our Lady of the Angels organizations; organizations that support Carmelite Sisters of the Most Sacred Heart vocations, art, music, and libraries— of Los Angeles all of which provide for the long-term Carmel of St. Teresa Monastery sustainability of our Archdiocese. Cathedral High School Cathedral of Our Lady of the Angels Our role in granting goes beyond the Catholic Big Brothers Big Sisters of transaction. It is one of sharing the lessons Los Angeles learned from the experiences of giving Catholic Charities of Los Angeles, Inc. Most Holy Trinity Catholic School Catholic Education Foundation of Los Angeles Mount St. Mary’s University Catholic Extension Orange Catholic Foundation Chhahari Organization Order of Malta, Western Association, USA Cornelia Connelly School Order of St. Gregory Fund for the House of Diocese of Charlotte Prayer for Priests Diocese of Oakland Our Lady of Perpetual Help Roman Diocese of Phoenix Catholic Elementary School Diocese of San Bernardino Our Lady of Victory School Diocese of San Jose Pastors Endowment Fund Eisenhower Medical Center Foundation The Right to Life League of Equestrian Order of the Holy Sepulchre Southern California of Jerusalem Sacred Heart Church and Catholic School Heart of the Nation San Francisco de Asis Catholic Parish and School House of Prayer for Priests Education Fund Santa Clara University in Honor of Fr. John McAnulty, S.J. St. Andrew Catholic School Huntington Library and Gardens St. Anthony High School Huntington Memorial Hospital St. Catherine of Siena School Immaculate Conception School St. Catherine’s Academy The Institute for Advanced Catholic St. Charles Catholic School Studies at USC St. Columbkille School Jesuit Charities at Dolores Mission School St. Gregory Catholic School Jesuit School of Theology of St. John Vianney Catholic School Santa Clara University St. John’s Seminary Juan Diego House St. Michael's Abbey Kathleen H. Anderson Fund for the Benefit of the St. Peter Indian Mission School Catholic Education Foundation of Los Angeles St. Philip the Apostle Church Los Angeles Catholic Prayer Breakfast St. Philip the Apostle School Los Angeles Chamber Orchestra Taller San Jose Hope Builders Los Angeles Music and Art School The University of Texas Anderson MD Loyola High School Cancer Center Loyola Marymount University University of Southern California Loyola Marymount University School USC Caruso Catholic Center of Film and Television USC Viterbi School of Engineering Mater Dei High School Verbum Dei High School Mayfield Senior School Mercy House of Santa Ana Mission Dolores Academy Our Product Offerings

All Catholic Community Foundation of Los Endowment Funds Angeles clients and donors receive exceptional, personal services from our staff, including the A client (individual or organization) can create expertise of a professional and experienced and donate to a fund whose grants are made only investment team, online account access to a dedicated nonprofit organization or program. through our secure Web portal, monthly mailed The fund is subject to specific annual spending statements, and timeliness in handling grants, guidelines to ensure that the financial support is other disbursements, and inquiries. available in perpetuity.

We offer: Scholarship Funds

Clients may create and donate to funds with Donor-Advised Funds CCF-LA to be distributed as scholarships to The Donor-Advised Fund—or DAF—is one of qualified students from pre-K through graduate the most popular philanthropy management programs at universities and vocational schools. tools available today due to substantial tax Scholarship programs have defined eligibility benefits and customization. Clients can donate criteria, and distribution is typically made to the to their own CCF-LA charitable fund, then make school for the benefit of the student(s). recommendations for issuing charitable gifts to qualifying nonprofit entities. Successive grant Agency Funds advisers can be named to maintain a family These funds are provided by another nonprofit legacy of philanthropy. We handle all aspects of organization to be invested by CCF-LA for the fund management from investment to granting benefit of the nonprofit. We handle investment to tax filing. management and reporting; the organization maintains ownership of the funds and manages its own gift process.

FINANCIAL AID IS IN ITSELF HOPE, HOPE THAT CAN GIVE A STRUGGLING KID THE CHANCE TO BE THE BEST HE CAN BE.

~Jonathan, Cathedral High School, Class of 2017

FREEDOM CONSISTS NOT IN DOING WHAT WE LIKE BUT IN HAVING THE RIGHT TO DO WHAT WE OUGHT.

~ Saint John Paul II Our Investment Options

The Catholic Community Foundation of Los The Intermediate Fund Angeles is responsible for assuring that its investment strategy adheres to each client’s This is a fund structured for our clients who direction and agrees with the charitable have charitable investments to be used in the purposes and philanthropic goals of a fund. 18-to-36-month time frame. Seventy percent is We offer four investment options in addition to invested in low-duration bonds and 30 percent other client-directed investments. Generally, the in an S&P 500 Index fund. The objective is to investments comply with our socially responsible earn competitive total returns within low-risk to policies further guided by our Catholic moderate tolerances that match or exceed the principles. client’s expected annual distributions, including fees and inflation. The Balanced Pool The Short-Term Investment Fund This is a highly managed fund for investments with a horizon of at least five years to fund This is a near-cash fund comprised of very high- endowments and long-term surpluses. The quality short-term bonds and other financial objective of the Balanced Pool is to provide instruments designed for investments to be capital appreciation through a balanced spread used in less than six months. The objective of of equity and bonds. The allowable target asset the Short-Term Investment Fund is to preserve classes in the Balanced Pool are U.S. Equities: principal and be more competitive than standard Large Cap Value, Large Cap Growth, Small Cap; money-market returns. Non-U.S. Equities: Developed and Emerging Markets; and Fixed Income: Core U.S. Fixed Money Market Funds Income, Unconstrained, and High Yield Bonds. These are options to invest in cash equivalents for those clients who are risk averse and plan to make distributions in the very near term.

FIND OUT HOW MUCH GOD HAS GIVEN YOU AND FROM IT TAKE WHAT YOU NEED; THE REMAINDER IS NEEDED BY OTHERS.

~Saint Augustine

IT’S BETTER TO TELL YOUR MONEY WHERE TO GO THAN TO ASK WHERE IT WENT.

~ Farmer’s Gazette Our Donors

Faustino Abat Archbishop José H. Gomez Thomas Sanchez Kathleen H. Aikenhead Margaret G. Graf Jeannette F. Scholer Mark A. Albert+ Antoinette and Robert Grant Dorothy and John F. Shea American Society of Association Executives Richard Gray Cynthia and William Simon Kathleen and Howard Anderson+ Leny Bueno Hayag Kathleen Snashall Anonymous Fr. Frank Hicks Mary Ann Soden Mario Antonini Leticia and Arturo Ibarra+ Jungeun and Jason Song Archdiocese of Los Angeles Nancy Iredale+ St. Mary Magdelen School Cynthia and Roberto Asinas Kimberly and Doyle Jetton Charles Stanislawski Natasha Asinas John and Cynthia Lee Smet Foundation Eileen and Randolph Steiner Mary Baur JPMorgan Chase Bank Susan N. Stephenson Bill and Helen Close Charitable Fund “B” Nezer J. Khan+ Brian Stevens Thomas Blumenthal Msgr. Kevin Kostelnik+ Suzanne Storey Noel G. Boyle Kathleen L. McCarthy Kostlan Tod M. Tamberg Dennis Branconier L. Cruz Foundation Jane Teola Walter Broscious Corazon Lamila Mark Thallander Dolly P. Brown Lourdes Lara The Thomas and Dorothy James Brown Brian Latham Leavey Foundation Janice H. Burrill Donald Latham Florante R. Toloza Andree and Phillip Caldera+ Paul Latham Suzie E. Torres Perla Calvan Mary P. Loftus Rosa Trevino-Mortensen Charles Carroll Estela Lopez+ Isadore and Yolanda Valencia Joel Carter Maria L. Loredo Teresa and Robert Varela+ Jane and Louis Castruccio Louis M. and Sarah Jane Castruccio Mel A. Villanua Cathedral High School Charitable Fund Dr. Peter Vogelsang Elena and Gustavo Catipon Alexis Lugo Richard Vosko Helen and William Close+ Dianne and Joseph Lumsdaine Kim and William Wardlaw Comp-Pros/EMRG Barbara and Louis J. Mahony Msgr. Francis J. Weber Julie and Thomas Condon+ Cardinal Roger M. Mahony+ Hildegard A. Weck Maria and Salvador Corona Malanna Marioneaux Wells Fargo Foundation Costco Wholesale Robert H. Markl William R. and Virginia Hayden Carmen O. Cruz-Escobar Julie and Raul Marquez+ Foundation Evelyn and Roger Cusumano Kathy and Jim McCaffery Malou B. Yarosh John Dallman+ Louise C. Meehan Jean Yi Alison B. and Michael Davitt Patricia Mersch Michelle Youssef and Erma and Grace De Guzman Steven M. Molacek Geoffrey Forgione Jane Delahoyde Michael Molina Carlos R. Delgado Fe E. Montano In memory of: Pamela and David DeVito Cherry Montenegro Dick and Rita Closson Kevin Dretzka Christian Moser+ Raquel Latham Edmund and Mary Shea Family Foundation Usha and Kris Murthy Robert and Jackie Doud Felicisima O. Navalta In honor of: Airlin S. Espina Timithie and Nicholas Norman Kathleen H. Anderson Alma M. Estomaguio Maria Oclarino Margarita Belmonte-Naranjo Gerald Fagan Kay Paietta and Rodolfo Naranjo Janet and Michael S. Feely Ester N. Paredes Mary and Thomas Boyle Maria and Gabriel Ferrucci Joan A. Payden Bill and Helen Close Jason Fisher Rogelio Pena Msgr. Gregory A. Cox Maria and David Fuhrman+ Mathew Pendo George J. Marioneaux, Jr. Cynthia Galindo Margaret and Thomas Romano+ Grace Sinner Lydia and Michael Gamboa Basilia R. Rosales David C. Ruler + includes testamentary gifts Board of Directors Committees The CCF-LA Team

Chairman Audit Comittee Kathleen H. Anderson William M. Wardlaw Executive Director and William E. Simon, Chair Partner, Freeman Spogli & Co. Corporate Secretary John C. Morrissey President Rosalia S. Nolan Lilia Avancena Louis M. Castruccio William M. Wardlaw Staff Accountant Partner Emeritus, Tiffany Buntoengsuk Irell & Manella LLP Development Commission Development Assistant Directors Dorene C. Dominguez, Co-Chair Rosa Castillo Timothy R. Busch Edward C. Roohan, Co-Chair Director of Client Founder, The Busch Firm Dennis Branconier Development Charles E. Carroll David S. DeVito Cynthia A. Galindo Louise Damberg EVP and COO, Kimberly Jetton Editor Trust Company of the West Ryan Knoll Malanna Marioneaux Dorene C. Dominguez James McCaffery Executive Assistant Chairman, Vanir Group of Companies Kathryn McCaffery Christine Smith Usha Murthy David R. Misch Vice President of CEO, Community Bank Executive Committee Operations and John C. Morrissey Corporate Treasurer William M. Wardlaw, Chair EVP and Director, J.F. Shea Co., Inc. Louis M. Castruccio Timithie Norman Rosalia S. Nolan David DeVito Associate Director of President, Challenge Scope Corp Archbishop José H. Gomez Development Edward C. Roohan Birgit Oberhofer Governance and Founding Partner, Client Services Nominating Committee Gatehouse Partners LLC Manager William M. Wardlaw, Chair William E. Simon Viririana Saldana Timothy R. Busch Co-Chairman, Administrative Assistant William E. Simon William E. Simon & Sons LLC The design and production Investment Committee Ex-Officio of the 2016 Statement David S. DeVito, Chair Fr. Albert Bahhuth of Accountability were David R. Misch Moderator of the Curia generously donated by John C. Morrissey and Vicar General, ADLA Howard Anderson. Randolph E. Steiner Archbishop José H. Gomez William M. Wardlaw Archbishop, ADLA Randolph E. Steiner CFO, ADLA 3440 Wilshire Boulevard, Suite 530 Los Angeles, California 90010 213-426-1180 www.CatholicCF-LA.org