The Catholic Foundation 2020 Annual Report

The Catholic Foundation 601-960-8477 PO Box 2248 [email protected] Jackson, MS 39225

2020 Annual Report July 1, 2019—June 30, 2020

TABLE OF CONTENTS ...... 2 MESSAGE FROM EXECUTIVE DIRECTOR ...... 3 BOARD OF DIRECTORS ...... 4 COMMITTEE MEMBERS...... 5 TRUST BALANCES ...... 7 GRANTS ...... 13 ESTATE PLANNING ...... 15 STATEMENT OF FINANCIAL POSITION ...... 16 STATEMENTS OF ACTIVITIES ...... 17 Page 2

From the Executive Director

Dear Friends of The Catholic Foundation,

As we begin each new year I am always filled with hope. When 2020 began it seemed like it was going to be a great year. However, all that changed quickly and so many will remember 2020 as the year of the Coronavirus Pandemic. I do not think anyone could have predicted something like this would ever happen in modern times. By mid-year many of us were sheltering in place, wearing masks, and trying to keep our families healthy.

While many of us will remember the challenging times that we faced, we are happy to report that at the Catholic Foundation we faced many of these challenges and turned them into accom- plishments. We set up our home offices and began a new routine. We quickly learned how to set up zoom meetings so we could communicate with our donors and we began to re-envision our events like our annual Bishop’s Cup.

I would like to thank all our donors. Because of your support we were able to meet our membership goal. As you know, it is through our membership donations that we can operate the Foundation office, so we do not have to charge management fees to each of our trust. We appreciate your generosity. We would also like to thank all our do- nors who supported the many trusts. As you read through this report, I hope that it generates pride within you. It is be- cause of your generosity that we can continue to grow the Foundation each year.

I would like to thank the Investment Committee. The members of this committee were dedicated to ensuring our portfolio weathered the financial storm. They were committed to meeting weekly to keep a close eye on the market. I would like to also thank our Board of Directors who also had to learn new technology so we could meet via zoom to con- tinue to conduct business.

As we look back on the year of 2020, as a country our resiliency will be remembered and at the Foundation, we will remember how our resiliency helped us to weather the storm. It is with great pride that we achieved so many accom- plishments through our dedication to our donors, portfolio management, membership drive and our golf tournament. All these accomplishments ensure the future success of our beneficiaries and ministries supported by The Foundation.

The Foundation staff is here to help you with your legacy gift. Please contact our office and we will work with you on the type of gift that meets your philanthropic goals. As 2020 is behind us we look ahead to 2021 with optimism and a belief in our mission.

Warmest Regards,

Rebecca Harris Executive Director

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Board of Directors OFFICERS OF THE FOUNDATION

Bishop Joseph Kopacz Director

Joe Rice, Jr. President

Chris Correro Vice President-President Elect Michael Kimbrell Treasurer

Diane Pumphrey Secretary

Rev. Nick Adam ...... Jackson Charles Adams, Jr...... Florida Bob Lampton ...... Jackson Eddie Adkins ...... Ridgeland Anna Langley ...... Oxford Joe Azar Jr...... Batesville Most Reverend Joseph Latino ...... Emeritus Elizabeth Barber ...... Flora Lewis Mallory, Jr...... Starkville Marc Biggers ...... Greenwood Marcus Mallory ...... Columbus Patrick Biglane ...... Natchez Steve Massey ...... Ridgeland Carolyn Callahan ...... Madison Jim McCraw ...... Jackson Paul Cassisa ...... Oxford Bill O’Connor ...... Clinton Chris Cox ...... Flowood Emil Pawlik ...... Jackson Rev. Lincoln Dall ...... Pearl Allan Scott...... Clinton Harlan Dean ...... Clinton Stephen Shackelford ...... Madison Margie Delaney ...... Brandon Bryan Shaver ...... Olive Branch Dr. Wayne Ebelhar ...... Greenville Steve Shirley ...... Jackson George Evans ...... Madison Michael Smith ...... Brookhaven Keith Fulcher ...... Hernando A. J. Stone, Jr...... Jackson John Geary ...... Jackson Yvonne Thaxton ...... Brandon Robin Haire……………………………...………………….Tupelo Rev. Scott Thomas ...... Natchez Harrison Hart ...... Madison Katie Walley ...... Brandon Ewin Henson, III ...... Greenwood Christopher Walters ...... Brandon Karen Hulett ...... Madison Dr. David Wender ...... Jackson Rev. Gerry Hurley ...... Flowood Lee White, II ...... Natchez Rev. Jason Johnston ...... Starkville Donna Williams ...... Jackson Page 6

Committee Members

Executive Budget Bishop Joseph Kopacz Joe Rice, Jr. Joe Rice, Jr. Carolyn Callahan Chuck Adams, Jr. Michael Kimbrell Chair Carolyn Callahan Rebecca Harris Chris Correro Fr. Lincoln Dall Income Development George Evans Marc Biggers John Geary (Emeritus) Pat Biglane Rebecca Harris Paul Cassisa Harrison Hart Wayne Ebelhar Michael Kimbrell Keith Fulcher Chair Rebecca Harris Lewis Mallory Karen Hulett Diane Pumphrey Anna Langley Steve Shackelford Jim McCraw Michael Smith Bill O’Connor A.J. Stone, Jr. Emil Pawlik Bryan Shaver Investment Mike Smith Bishop Joseph Kopacz Chris Walters Chris Correro Chair John Geary (Emeritus) Nominating Rebecca Harris Bishop Joseph Kopacz Joe Rice, Jr. Fr. Lincoln Dall Steve Massey Rebecca Harris Steve Shirley Lewis Mallory Jim McCraw Joe Rice, Jr. Grant Allocation Lee White Bishop Joseph Kopacz Carolyn Callahan Golf Tournament Fr. Lincoln Dall Stephen Carmody Chair Margie Delaney Brandi Fournet Wayne Ebelhar Rebecca Harris Rebecca Harris Mike Kimbrell Ewin Henson Katie Walley Joe Rice, Jr. Chair Ethel Westbrook Sonny Stone Julia Williams Donna Williams Mary Woodward

“It is not about how much you do, but how much love you put into what you do that counts.” ~ Saint Mother Teresa of Calcutta Page 7

Catholic Foundation Trust

Many donors have chosen to start a trust with the Catholic Foundation. The chart below shows the breakdown of those trusts. A trust with The Catholic Foundation is a way to leave a legacy that will make a difference for generations. It is a simple and easy process.

First Determine how much you wish to invest in the future of your parish through a trust. Second Designate the purpose of your trust. Third Call The Catholic Foundation staff to begin the process. Rebecca Harris 601-960-8477 Page 8

Trust Balances by category as of June 30, 2019

Campus Ministry Catherine Ann Cross Sterling O. Knight Dean Allen McGhee (MS State) Catherine Goetz Gill Marvin L. Lott St. John Trust for Campus Ministry (Ole Miss) Catherine McCosker Jobe Maynor Richard and Frances Boekman (Millsaps) CF Presidential Trust Marion J. McCraw, II Total Principal $39,467 Corinne Laguzzi Hinton William L. Morris Dr. William Cunningham McHardy Memorial Jim V. Pate Edith D. Hegman John F. Piazza Catholic Charities Edward Buttross #1 Patrick K. Quinn A. Clinton and Margaret Smith Englehart & Merzweiler Dennis K. Riecke Associated Charities Trust Fr. Don Derivaux Memorial Trust Jerry C. Roberts Catholic Charities Trusts Fr. Lawrence Watts #1 George Roman Catholic Charities Adoptive Parents Trust Fr. Lawrence Watts #2 Dr. James R. Rooks Catholic Charities Northeast Office Trust George Roman Charitable Works Trust Thomas W. Thornton Catholic Charities Victims of Abuse Trust John H. Geary John W. Turner, Jr. Cogan/Chamberlain Families Trust John T. Kelly Policy Amount $520,499 Downey-Klingen Family Joseph and Nena Hildebrand Holy Innocents Trust Joseph R. Kopacz Trust Lucille Bailey Thomas Fund Kenneth A. and Mary Brown Msgr. Noel Foley Lawrence F. Boland  O'Beirne-Williams Leo T. Donnelly Rose Harris Memorial Trust Manuel J. Scanlon PARISH TRUSTS The Mamie Mastronardi Trust Mary Nell Donohoe Memorial Trust Total Principal $7,462,614 Wallace Carpenter Family #1 William Bernard Kovarik Memorial Trust Mr. and Mrs. Raymond A. Rayne William R. Baird Pradat Family Aberdeen - St. Francis Total Principal $1,012,517 Rev. Msgr. James T. McKenna Teresa B. Pryor Reverend Martin Ruane Memorial Trust Total Principal $27,486 Reverend Patrick Noonan Memorial Trust Diocesan Richard and Betty Herschede #1 Albert James and Christine Magruder Unrestricted Trust Amory - St. Helen Hackl Family Trust W.E. Gene and Dorothy M. Taylor St. Helen Parish Beltzhoover Mass Trust William H. Miller Total Principal $23,403 Bishop William R. Houck Total Principal $1,439,722 Bishop William R. Houck Education Trust Catholic Diocese Trust Booneville- St. Francis Foundation Operations Catholic Engaged Encounter St. Francis of Assisi Parish Endowment for Evangelization Charles P. and Kathryn O. Adams Trust Richard and Betty Herschede #2 Total Principal $67,864 Hagen Family Harland and Romain Adams Msgr. Patrick Thaddeus Harkins Trust Jackson Diocese Special Needs Lifetime Membership Brookhaven - St. Francis Jane Gitz Trust Total Principal $994,648 St. Francis of Assisi Parish Jane Hewes Total Principal $50,821 John and Mary Catherine Grower Insurance Joseph E. Canizaro, Sr. Family John H. Geary (foundation purposes) Matthew Scott "Polska" Gatewood Trust Camden, Sacred Heart Christopher Walters (foundation purposes) Office of the Tribunal Immaculate Conception Cemetery Trust Margaret O. Williams (Catholic Charities) Our Lady of Guadalupe Knights of Columbus Total Principal $21,334 Ron and Catherine Tisch Trust (for Seminarian Education) Shackelford Trust Dennis J. Antici Canton - Sacred Heart The Frank J. Mastronardi Trust for the Diocese Daniel H. Bicknell Bertha Gross W.F. Coolbaugh Martin K. Bisek Edward Buttross #2 Youth Ministry Office Endowment David A. Breaux Total Principal $3,370,780 Michael P. Brechtel Total Principal $27,096 Catherine A. Brulin Foundation Vincent P. Chiarito Carthage - St. Anne Paul J. Croft Leake County - St. Anne Catholic Cemetery Charitable Purposes Michael E. Daves Ambrose B. Dunn Cathy W. Ditcharo Total Principal $25,450 Anthony and Dorothy Roman Wayne Ebelhar Anthony Thomas Family Brian T. Engelland Clarksdale - St. Elizabeth Bishop Joseph B. Brunini Theodore D. Gray St. Elizabeth Parish Bishop William R. Houck Memorial Trust Charles Hahn Business PLUS Jeffery Kimbrell Total Principal $1,785 The Catholic Foundation Page 9

Trust Balances by category as of June 30, 2019

Cleveland - Greenwood - Immaculate Jackson - Christ the King Heart of Mary Christ the King Parish Our Lady of Victories Patricia Green Joe and Victor Aguzzi Alex and Stella Malouf, Sr. Total Principal $3,546 Rev. Thomas Lalor Florence M. Biggers

Total Principal $110,865 Immaculate Heart of Mary Priest Appreciation Trust Jackson - St. Richard

John and Maggie Malouf Barbara Hardin Crespino Memorial Trust Clinton - Holy Savior Josephine Barlow Hart Family Memorial Trust Charles and Mark LeBlanc Memorial Loyce Upchurch Dykes Trust Msgr. Josiah G. Chatham Holy Savior Parish McGeary Family St. Richard Special Kids James N. Wallace Michael and Glenda Upchurch Trust St. Richard's Youth Program (Jake Addison) Rev. Msgr. John F. Clerico Sisters Michele Doyle and Kathleen Kunze Total Principal $93,026 Vennis L. Upchurch

Total Principal $126,066 Wallace Carpenter Family #2 Total Principal $851,669 Jackson - St. Therese Brother Luke Pearson Scholarship Trust

Corinth - St. James Leah Youngblood St. James Parish Greenwood- St. Francis Louis V. Covert Memorial Scholarship Trust Total Principal $3,044 Fr. Nathaniel Machesky St. Therese Parish Total Principal $14,052 Total Principal $98,635

Crystal Springs - St. John Abraham M. and Clara H. Boackle Grenada - St. Peter Lexington - St. Thomas Christopher Harris Scholarship Trust St. Thomas of Lexington Total Principal $4,607 John and Mary Messina Memorial Trust Total Principal $4,901 Total Principal $118,993 Flowood - St. Paul Madison - St. Francis St. Paul Parish Holly Springs - St. Joseph St. Agnes Fund Total Principal $13,398 David A. Houck St. Francis Parish St. Joseph Parish Total Principal $83,505 Forest - St. Michael Total Principal $31,132

St. Michael Parish McComb - St. Alphonsus Total Principal $20,039 Houston - Igor Santos Immaculate Heart of Mary M.B. and D.C. Schott Memorial Trust St. Alphonsus Parish Phyllis Bray Gluckstadt - St. Joseph Thomas B. Austin Teresa B. Pryor St. Joseph Cemetery Trust Total Principal $29,509 Total Principal $47,540 St. Joseph Parish

Total Principal $94,555 Iuka - St. Mary Meridian - St. Joseph Bernice R. Pringle Memorial Trust St. Mary Parish Charles and Mary Bohannon Trust Greenville - Sacred Heart Total Principal $4,386 Total Principal $12,604 Sacred Heart Greenville Tuition Endowment

Total Principal $13,122 Jackson - Meridian - St. Patrick Cathedral of St. Peter St. Patrick Cemetery Trust

Greenville - St. Joseph Clarence and Rubye Lefoldt St. Patrick Parish Augustine J. "Gus" Correro Ellis Joseph and Herbert Nunnery Total Principal $155,262 Frank Binder Frank Mastronardi Trust for the Hugh and Agnew Van Norman Cathedral of St. Peter the Apostle Jim Crawford Memorial Trust James T. Canizaro Family Natchez - Assumption Joseph "Bo" Watson Joey and Jenny Donnell D'Antoni Family Joseph Reilly Keith E. Edwards Memorial Rev. Patrick Hayden Katherine Reilly Lance and Elaine Brien Rosa and Emilio Benedettini Trust Margaret Loyacono Michael and Melanie Dowell Total Principal $62,269 Patricia Prewitt Neel Family St. Joseph Church Richard and Frances Boeckman (Millsaps) St. Vincent de Paul Sister Claudia Murphy Vincent and Camille P. Provenza St. Peter Cathedral Parish Total Principal $575,813 Total Principal $691,167

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Trust Balances by category as of June 30, 2019

Natchez - St. Mary Basilica Shelby - St. Mary Priest Retirement Annette Lombardo Davidson McGraw St. Mary Parish Bishop Joseph B. Brunini Burse Charles H. Berdon Family Total Principal $5,366 Clarence and Mary Carroll Guerico Family Trust Dan and Marie Nicholas St. James Cemetery Trust Eli and Kathryn Ellis McGraw Trust Starkville - St. Joseph J.C. Maloney #1 St. Mary Parish Dean Allen McGhee (MS State) John Alexander Bellan Priest Retirement Trippe Family St. Joseph Parish John Browne Family Total Principal $1,621,838 Total Principal $49,416 Josephine and Bob Nader Lucille Bailey Thomas Priest Retirement Tupelo - St. James Messina and Tuminello Family #1 New Albany - Msgr. Edward Cratin St. James Parish Msgr. P.J. Carey St. Francis of Assisi Total Principal $7,990 St. Francis Parish Tessie Peatross Hickman (Bishops)

Total Principal $11,637 Total Principal $623,099 Vicksburg - St. Mary St. Mary's Scholarship Newton - St. Anne Total Principal $12,408 Emily O'Rorke Summer 

Total Principal $32,569 Vicksburg - St. Michael Saltillo, Mexico St. Michael Parish Rev. Patrick Quinn Oxford - St. John Total Principal $9,523 Total Principal $9,877 Clayton Stephens Benevolent Trust Eugene V. and Lucie Amelie Bramlett Trust Frances Breaux Smith Scholarship Trust Vicksburg - St. Paul Frances Selzer Talbert Josephine R. Walters  Mary Lillian "Sue" Hart Trust St. Paul Parish Robert W. Cleary Total Principal $11,688 SCHOOLS St. John Trust for Campus Ministry The Jane Cassisa Scholarship Trust Total School Trusts $6,820,201 Victor and Gladys Baglioni Vocation Trust West Point - Total Principal $1,292,985 Immaculate Conception Clarksdale - St. Elizabeth Immaculate Conception Parish Anthony and Mary Elizabeth Tavoleti Trust Paulding - St. Michael Jody Portera Elizabeth Malatesta Scarborough Trust Shepherd William Haaga Trust Paulding - Dan M. Skehan Total Principal $36,041 St. Elizabeth School Paulding - Eva and William Harrington Total Principal $105,024 Paulding - St. Michael's Catholic Cemetery Winona - Sacred Heart St. Michael (Paulding) Parish Betty Humphries Neal Total Principal $46,564 Louise B. Jones Columbus - Annunciation Raymond Dietta Family Annunciation School Philadelphia - Holy Rosary Sacred Heart Total Principal $564,293 Choctaw Indian Mission Trust Total Principal $22,469 Holy Rosary Indian Mission Cemetery Trust Greenville - Holy Rosary Parish Woodville - St. Joseph Our Lady of Lourdes Indian Mission Lands Trust St. Joseph Church Robert and Helen Turcotte Memorial Trust Total Principal $192,065 Total Principal $11,052 Sarah Lee V. Little Total Principal $14,638 Port Gibson - St. Joseph Yazoo City - St. Mary Eli and Kathryn Cogan Ellis Memorial Trust Edward T. Jordan, Jr. Greenville - St. Joseph Msgr. Thad Harkins Jordan Family Beatrice Bea Wise St. Joseph Catholic Cemetery Trust Margaret M. Swayze Br. Thomas Geraghty St. Joseph Parish Marion Dongieux, Sr. Century III Foundation Total Principal $90,393 Mr. and Mrs. D.P. McGowan Trust Charisse Harris St. Mary Parish Trust David L. Vickers Senatobia - St. Gregory Total Principal $489,137 Eddie Somers St. Gregory the Great Parish Edna and George Shamoon Total Principal $10,529  Elias P. Shapley Perpetual Trust Page 11

Trust Balances by category as of June 30, 2019

Frances Hickman Memorial Trust Thomas A. Wolf Pikul Family J.P. Tonnar William Dunning Trust Robert Knox Foley III Memorial Scholarship J.W. Blalack Total Principal $779,533 Rosemary Schaff Jason P. Mandolini Sr. Mary Cabrini Fagan, R.S.M. Jeremiah and Julia Mary Corcoran St. Aloysius - St. Francis

Jerry Hendrick Meridian - St. Patrick School Thomas E. Dykes, Jr. Jesse Edwards St. Patrick School Vedros Family Ken Radigan Total Principal $364,890 Vicksburg Catholic School Endowment Martha K. Lenoir Vicksburg Catholic Schools Sisters of Mercy Matthew James Cannatella Total Principal $931,390 Paul Edward Abide, Sr. Mobile AL -

Rebecca Rosella Spring Hill College Rev. Gene Chatagnier Bishop Brunini Catholic College Richard and Mary Somers Stella Schmidt  Sister Marie Alspaugh Total Principal $36,185 Sisters of Mercy Perpetual Trust Fund

St. Joseph Charitable Trust Seminarian Education St. Joseph Endowment Natchez - Cathedral School A.J. Kourys, Eugenia Koury and Msgr. Joseph Koury Family Trust Total Principal $1,556,261 Burns-Grady Family Bishop Joseph B. Brunini Anniversary Trust Cathedral Schools Charitable Certified Teacher Incentive Bishop R. O. Gerow Greenwood - Daughters of Charity Dr. and Mrs. Iley F. Dillon Eli and Kathryn Ellis St. Francis of Assisi School Dominic and Josephine Maresca DiStefano George and Ninette Junkin Hart Lovitt Seminarian Memorial Trust Biggers Machesky Scholarship Trust Fr. John Patrick Egan Michael and Melanie Dowell Hailey Estes Frank Binder St. Francis of Assisi James R. Arnold, Sr. Ganzerla Family Thaxton Family Jules Michel Staff Recognition Trust Harold and Kathryn Lehman Family Total Principal $182,195 Julia C. Stanton Kevin and Rosa Byrne Family Harry and Jimmy Lou Goulet

Melanie A. Scruggs Shereb Memorial Trust J.C. Maloney #2 Jackson - Natalie C. Luscombe James Patrick Miller Sister Thea Bowman School Stella Austen Gilleas Handy Jane Gitz Seminarian Education Trust T. Jack Owens Joe G. and Adelle Unis Rice John and Teresa Latino Dr. Gloria D. Beal Total Principal $1,588,343 Joseph Brendan Kraft Memorial Trust Sister Thea Bowman Knights of Columbus Total Principal $32,950 Vicksburg Schools - Lucille Bailey Thomas Priest Fund

St. Francis and St. Aloysius Margaret Haaga Murphree Jackson - St. Richard School Martha and Paul Tarbutton Adam A. Rula Messina and Tuminello Family #2 Hart Lovitt Memorial Trust Aloysius and Mary Camp Jules Michel St Richard School Trust Msgr. Michael Glynn Anthony Cozzani Msgr. Thad Harkins St. Richard Certified Teacher Incentive Bill and Marie Jennings Memorial Trust St. Richard Education Trust Philip Tavoleti Brothers of the Sacred Heart Rev. Charles Loyacono Total Principal $664,499 Bruce A. Ebersole Rev. Walter Maloney Corey Pinkston Family Seminarian Education Trust Dante and Michael Ganzerla Madison - Tom and Bessie Haddican Dorothy Supple Yerger Warren and Claudia Adams St. Joseph High School Douglas Buglewicz Memorial Trust Angela Kajdan Dr. Ann Wheeless and Mr. Peter Pikul Total Principal $1,141,805 Bonnie Loper Mowery Memorial Trust Erwin Baylot Memorial Trust Delaski Family Scholarship Trust Graduating Senior Class John Alexander Bellan St. Joseph Trust John Alexander Bellan Trust  Mathew Johnston Memorial Trust Joseph T. Balzli Maureen McCarthy Loviza Family Michael "Duke" and Matthew Rene Barbee Mamie Nassour Senior Citizens Matthew Mattice Memorial Scholarship Martin Lombard Burns Bishop's Poor Souls Novena Patrick Grower and John G. Subowicz Mary Bendinelli Denton Total Principal $232,326 Pete and JoAnn Foret Mary Eloise Guider Rebecca Hirtz Hargon Morgan and Braud Robert Bruce McArthur Nellie A. Prendergast  St. Joseph High School Patricia A. McGowan Scholarship Trust St. Joseph High School Endowment Pete, Carmella and Franco Family Page 12

Donor Stories

Immaculate Heart of Mary Catholic Church, Greenwood, MS I was baptized as an infant in a small parish in the MS Delta that I still attend. I have seen the number of families in our church decline from the 1970’s and I started a trust because I think the Mississippi Delta will still be declining in population going forward. With a trust my parish can receive annual income in the future to financially support my church family. ~ Mike Upchurch, Greenwood, MS

St. Richard Catholic Church, Jackson, MS I wanted to start a trust to support the practice of my Catholic faith. As I grew up, my mother instilled a deep love of my Catholic faith in me. My wife Judy and I were raised Catholic and 52 years ago we were married at St. Richard. This trust will support the parish that has given so much to us through the years. ~ Mike Hart, Jackson, MS

St. Joseph Catholic School, Madison, MS We started the Delaski Family Scholarship Trust at St. Joe in mom’s name as a tribute to her love and dedication to Catholic Education. Throughout her 30 plus years of teaching in the Jackson Diocese, she often found herself financially supporting deserving students whose financial situation would not allow them to continue their education at St. Joe. This fund was established to continue her behind the scenes financial support of these deserving students. ~ Jean Terry, Jackson, MS

Vicksburg Catholic School, Vicksburg, MS My family has been a part of St. Francis/ St. Al Catholic Schools for over four generations. My sister Rita was the youngest of seven siblings to attend Vicksburg Catholic schools. She loved every moment! She was a devoted member of the band throughout. When she died at age 52 from cancer it was devastating because she was the youngest and life wasn’t suppose to happen that way. I wanted a way to honor her memory and I knew establishing a Trust with The Catholic Foundation in her name to aid a Vicksburg Catholic band student was the right way to do it. I’m proud to continue my family’s support of Catholic education in this way. ~ Gil Israel, Brevard, NC

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Catholic Foundation Grants

The Foundation has 38 trust that are specifically for grants (see page 19 Foundation Purposes).

Each year Catholic parishes, schools, Catholic Charities and Ministries within the diocese may apply for a grant.

PARISHES Camden, Sacred Heart, $4,000 Summer enrichment program

Canton, Holy Child Jesus, $700 Faith formation program

Gloster, Holy Family, $4,500 Faith formation program

Greenwood, IHM, $765 Faith formation registration

Grenada, St. Peter, $4,500 Sacristy Repair/Renovations

Indianola, St. Benedict, $4,800 Roof Repairs Natchez, Cathedral, $2,500 Kosciusko, St. Therese, $3,000 Water cooler filling stations Space heaters CATHOLIC CHARITIES Leland, St. James, $5,000 Wifi/floor renovations Born Free/New Beginnings, $5,000

Pearl, St. Jude, $5,000 Baby supplies Live Streaming / security equipment Hope Haven, $5,000 Woodville, St. Joseph, $4,484.81 Counseling and financial support for housing Church repairs ORGANIZATIONS Yazoo City, St. Mary, $1,300 Pastoral and faith formation Office of Child Protection, $3,700 Safe Environment Program

SCHOOLS Office of Family Ministry, $2,800 Greenville, St. Joseph $2,500 Pro Life billboards Chromebooks

Jackson, Sister Thea $1,150

COVID protection system SENIORS AND POOR CITIZENS Meridian, St. Patrick $3,500 Library Enhancement Bishop’s Poor Souls Novena Trust Jackson, Christ the King, $1,500 Jackson, Cathedral of St. Peter, $3,500 Page 14

Catholic Foundation Grants

Diocesan Protection of Children Safe Environment Grant—VIRTUS is a comprehensive safe environment program utilized in the Diocese of Jackson. VIRTUS assists the diocese in our commitment to Protecting God’s Children. In the Virtus training sessions, we are each called to make concrete changes to protect the children in our homes, churches, schools, and communities. All adults are protectors of children, regardless of the individual’s role in the Church. We are all involved in protecting children because we are part of the solution in eradicating child sexual abuse. VIRTUS plays a vital role in the solution of recognizing and addressing child sexual abuse. This grant has helped to accomplish our mission. ~ Vickie Carollo, Protection of Children Coordinator

Catholic Charites Born Free/New Beginnings Program Our Catholic Foundation Grant was crucial in assisting pregnant and parenting mothers secure much needed supplies for their children such as diapers, wipes, formula, baby bottles, infant clothing, bassinets, and developmental toys which they would not otherwise have been able to afford. Each infant in the Born Free/New Beginnings program had basic needs met due to the generosity of the Catholic Foundation Grant. ~ Wanda Thomas, Catholic Charities Executive Director

St. James Leland Had it not been for the Foundation grant, St. James, Leland would not be able to send out our bulletins, readings, and other important items to our parishioners once COVID-19 began. We had a very old printer (20+ years and no parts available). I applied for a grant and received the grant in time to purchase a new printer with scan, e-mail, and color printing. We could have not purchased this printer had we not received this grant. ~ Deborah Ruggeri, St. James, Leland, MS

Diocesan Family Ministry—Choose Life Billboards “The $2,800 grant from the Catholic Foundation provided for a very effective form of spiritual advertisement promoting pro- life and respect for all life in Diocese of Jackson. The beautiful, prayerful, and inspirational design of Our Lady and Baby Jesus encourages those who view it to pray to stop the abortion of innocent lives perishing every day, and to pray for the saving of all lives. The Office of Family Ministry received very positive comments from individuals reflecting how the billboards touched their hearts, and inspired them to pray and share their concerns on the critical issues of pro-life.” ~ Charlene Bearden, Family Ministry Coordinator

St. Peter Grenada "Our Sacristy was in very bad shape. It is my belief that good stewardship includes taking care of our assets, especially our church building, so that we can minister to our parish effectively. This grant will allow us to get to the bottom of the plumbing issues, repair and reinforce the subfloor, install new tile flooring and new cabinetry. Without the grant from Catholic Foundation we would not have been able to make these repairs happen." ~ Crystal Hogan, St. Peter Grenada, MS Page 15

The Catholic Foundation offers many gift opportunities to help with your philanthropic goals.

Our office is here to help you with gifts of: Wills and Bequests • Starting a Trust • Insurance Policy Charitable Gift Annuity • Donor Advised Funds

Any of these gifts can be designated to benefit your: Parish • Catholic Charities • Catholic School Retired Priests • Seminarian Education

Do you have a Will?

Our Staff is here to help you with your Estate Planning We can assist you with our will planning guidebook so that you can thoughtfully consider all those you wish to include in your will. Plus, this guidebook will help you when you visit your estate attorney.

Email or call to get a will planning guidebook that will help you and your Estate Planner. [email protected] 601-960-8477

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THE CATHOLIC FOUNDATION OF THE DIOCESE OF JACKSON, MISSISSIPPI, INC.

STATEMENTS OF FINANCIAL POSITION

June 30, 2020 With Comparative Information as of June 30, 2019

2020 2019 ASSETS

Cash $ 66,062 $ 111,530 Investments 32,072,255 31,652,120 Cash Surrender Value of Life Insurance 160,369 147,324 Prepaid Expenses 1,995 1,025

Total Assets $ 32,300,681 $ 31,911,999

LIABILITIES AND NET ASSETS

Income Payable to Beneficiaries $ 786,859 $ 748,756 Accounts Payable 2,422 785 Annuities Payable 47,313 50,130

Total Liabilities $ 836,594 $ 799,671

NET ASSETS

Without Donor Restrictions: Undesignated $ 4,827,997 $ 5,238,420 Designated 3,258,325 3,216,015

Total Net Assets Without Donor Restrictions $ 8,086,322 $ 8,454,435

With Donor Restrictions $ 23,377,765 $ 22,657,893

Total Net Assets $ 31,464,087 $ 31,112,328

Total Liabilities and Net Assets $ 32,300,681 $ 31,911,999 Page 17

THE CATHOLIC FOUNDATION OF THE DIOCESE OF JACKSON, MISSISSIPPI, INC.

STATEMENTS OF ACTIVITIES

For the Year Ended June 30, 2020 With Summarized Information For The Year Ended June 30, 2019

Without Donor With Donor Restrictions Restrictions 2020 2019

Support and Revenue: Contributions $ - $ 391,049 $ 391,049 $ 734,469 Special Events 33,190 - 33,190 35,270 Membership 100,515 - 100,515 101,594 Foundation Trust 57,105 - 57,105 52,609 Annual Meeting 6,595 - 6,595 7,345 Increase in Cash Surrender Value - 13,045 13,045 19,714 Net Assets Released From Restrictions 73,599 ( 73,599) - -

Total Support and Revenue $ 271,004 $ 330,495 $ 601,499 $ 951,001

Expenses: Administrative $ 164,463 $ - $ 164,463 $ 153,356 Distribution to Beneficiaries 785,434 - 785,434 762,810 Grants 73,599 - 73,599 72,576

Total Expenses $ 1,023,496 $ - $ 1,023,496 $ 988,742

Changes in Net Assets from Operations ( $ 752,492) $ 330,495 ( $ 421,997) ( $ 37,741)

Other: Change in Value of Split-Interest Agreements ( $ 4,030) $ - ( $ 4,030) ( $ 4,063) Transfer Between Funds ( 389,377) 389,377 - - Investment Return, Net 777,786 - 777,786 1,179,495

Total Other $ 384,379 $ 389,377 $ 773,756 $ 1,175,432

Change in Net Assets ( $ 368,113) $ 719,872 $ 351,759 $ 1,137,691

Net Assets at Beginning of Year 8,454,435 22,657,893 31,112,328 29,974,637

Net Assets at End of Year $ 8,086,322 $ 23,377,765 $ 31,464,087 $ 31,112,328

The Catholic Foundation Board of Directors and staff invite you to learn more about our services and opportunities for giving.

For more information, please contact:

The Catholic Foundation P. O. Box 2248 Jackson, MS 39225-2248 Phone: 601-960-8477 [email protected]