Annual Report
Total Page:16
File Type:pdf, Size:1020Kb
ANNUAL REPORT SHARE THE FAITH. SECURE THE FUTURE. OUR MISSION Raising, managing and distributing God’s gifts to donor-directed ministries. OUR VISION Everyone recognizing their God-given gifts and sharing them generously with others. OUR CORE VALUES LIVING FAITH IN MINISTRY • We are faithful to the teachings of the Catholic Church. • We believe our work is ministry, guided by the Holy Spirit. • We believe that all we are, have and will be is a gift from God. Exercising Responsibility • We believe in responsible stewardship. • We affirm good judgement and integrity through honesty and transparency. • We have a fiscally responsible investment policy that adheres to Catholic values. Achieving Excellence • We partner with parishes, priests and donors to strengthen ministries. • We distribute God’s gifts to donor-directed ministries. • We strive to “drought proof” the ministries of the Catholic Church in eastern South Dakota. 2 Dear Friends, When we recognize that all we have and all we are is a gift, then we become grateful. Instead of, “What is in it for me?” It becomes, “What can I do for others?” This is when I become aware of God in my life. This attitude is at the heart of the ministry of the Catholic Community Foundation for Eastern South Dakota. We continue to be thankful to those who direct their donation with us in our Catholic communities to ensure that every generation will benefit from the transformational ministries and sacraments of our Catholic faith in eastern South Dakota. In this report, you’ll read stories and see names of our donors and partners who continue to show Christ’s love through donor- directed giving that includes major one-time gifts, annual gifts and estate planning gifts to the ministries they care about. Our investment and distribution objectives continue to be committed to Catholic moral and social values. We ensure donors legacies will forever follow their values and wishes, to perpetually impact the ministries they direct. “One of the great challenges facing the Church in this generation is to foster in all the faithful a sense of personal responsibility for the Church’s mission – carrying forward the legacy of the past – by being open to the possibilities which the Spirit opens up to us and by communicating the joy of the Gospel, daily and in every season of our life.” - Pope Francis And so, it is with gratitude for this legacy of faith from our donors, partners, friends, Board of Directors and the Catholic Community Foundation staff past and present that we say thank you for your generous gifts and gratefully present this year’s annual report. Gratefully yours in Christ, Miles Beacom Mark Conzemius Chair of the Board President St. Lambert Parish, Sioux Falls St. Mary Parish, Sioux Falls 3 ANNUAL REPORT CONTENTS 5 Statement of Financial Position 6 Statement of Activities 7-10 Endowed Funds 11-12 Benefactors 13-15 Legacy Society Members 16 Agency Funds 17 Donor Advised Funds 18 Board of Directors 19 Staff 4 STATEMENT OF FINANCIAL POSITION December 31, 2016 June 30, 2016 June, 30, 2015 Assets (Interim) Cash and cash equivalents $9,013,125 $4,426,871 $5,255,312 Contributions receivable 623,453 822,212 4,944,772 Other receivables 22,387 2,643 - Investments 82,510,658 79,380,439 74,211,306 Trusts 5,490,830 5,614,524 6,024,815 Accounts held in trust by others 393,250 393,250 393,250 Other assets 522,314 367,640 394,500 Total Assets $98,576,017 $91,007,579 $91,223,955 Liabilities and Net Assets Payables $2,917,05 $1,570,876 $2,081,591 Agency accounts 31,949,093 26,443,683 25,442,354 Trusts 5,137,824 5,271,104 5,662,534 Amounts designated for others 3,210,496 3,213,454 3,383,048 Other liabilities 1,226,807 1,246,469 1,357,743 Total Liabilities 44,441,265 37,745,586 37,927,270 Net Assets 54,134,752 53,261,993 53,296,685 Total Liabilities and Net Assets $98,576,017 $91,007,579 $91,223,955 5 St. Anthony of Padua, Hoven, SD STATEMENT & ACTIVITIES The Catholic Community December 31, 2016 June 30, 2016 June 30, 2015 Foundation’s investment Revenue, Gains and Other Support (6 Month Ended) (Year Ended) (Year Ended) objectives are committed Contributions $1,836,569 $4,630,216 $20,640,155 to Catholic moral and social Interest and dividends 529,082 1,968,384 1,745,739 teachings. In addition, Realized gain (loss) on investments 90,875 (1,753,205) 9,050 Unrealized gain (loss) on investments 2,634,258 (1,344,497) (4,443,001) the Catholic Community Loss (income) distributions to agency accounts (993,076) 564,482 1,120,460 Foundation will not make Events (net of expenses) 345,895 501,988 392,578 Amounts designated for others (142,289) 66,939 128,553 distributions or grants Other 187,645 531,034 506,164 to charities that are not Total Revenue and Support 4,488,959 5,165,341 20,099,698 consistent with the teachings of the Catholic Church. We Expenses and Outlays ensure donors legacies Grants and distributions 2,804,982 3,635,695 10,532,368 forever follow their values Support services and wishes, perpetually Fundraising 494,860 930,031 841,128 Administrative 316,358 634,307 564,072 impacting the ministries they determine. Total Expenses and Outlays 3,616,200 5,200,033 11,937,568 *Investment returns as of Change in Net Assets 872,759 (34,692) 8,162,130 December 31, 2016 the fiscal year to date (six months) return is 3.9% Net Assets-Beginning 53,261,993 53,296,685 45,134,555 while the trailing one year return is 6.5%. Net Assets-Ending $54,134,752 $53,261,993 $53,296,685 6 ENDOWED FUNDS ( indicates deceased) All Saints Cemetery Endowment, Andover (CM) Mart and Martha Carroll Family Robert Dix Endowment Endowed Funds Craig and Barbara Anderson Endowment Endowment Doetsch Native American Education Endowment Angela Aschoff Endowment Rev. Howard Carroll Endowment Don and Jo Dougherty Family Endowment provide a source of Mark and Caroline Bain Endowment James M. Carroll Endowment Richard and Dorothy Dougherty Endowment Mike and Mary Kay Bannwarth Endowment Casey Family Endowment in memory of Ed and Msgr. James Doyle Endowment permanent funding to Celestine and Mary Barondeau Endowment Agnes Casey Kevin and Karen Doyle Endowment Leona Barrett Endowment Terry and Sharon Casey Family Endowment Rev. Ladislaus J.Dudek Endowment the Catholic causes Battin Family Scholarship Endowment Catholic Charities Endowment The Most Reverend Paul V. Dudley Endowment and organizations of Lorraine Bauman Memorial Endowment Catholic Family Services Endowment The Most Reverend Paul V. Dudley SDSU Miles and Lisa Beacom Family Endowment Catholic Religious Education Endowment Endowment your choice. Whether Bob and Judie Beadle Endowment Catholic Retreat Ministries Endowment The Most Reverend Paul V. Dudley NSU Richard and Marilyn Belatti Family Endowment Catholic Schools Tuition Endowment Endowment it’s your local parish, Muriel Aschen Bendorf Endowment Chancery Operations Endowment James and Jane Dugan Endowment Benedictine Legacy Teacher Salary Fund Dale and Diane Christensen Endowment Rev. Charles Duman Endowment school or cemetery or Berakhah House Endowment Rev. Chuck Cimpl Endowment Ronald Eiesland Endowment Donald and Helen Berheim Endowment Tom and Mary Cink Endowment Elizabeth Donegan Collier Scholarship Endowment other ministries such as Claire and Mary Bierschbach Endowment Patricia Clifford Endowment Walter and Catherine Ellenbecker Family Dennis Bierschbach Endowment Thomas and Abigail Cogley Family Endowment Endowment furthering vocations, Maurice and Pat Bierschbach Endowment LuVerne M. Collignon Endowment Viola Elpert Endowment Millie Biewer Endowment John and Donna Conzemius Endowment Edward English Family Scholarship Endowment Endowed Funds are Billion Family Endowment Mark and Jeanie Conzemius Endowment Eugene and Evelyn Bulian Endowment David R. and Erika Billion Family Endowment Irene Huss Cordts Endowment Family Rosary Endowment Fund a lasting source of Bishop Dudley Hospitality House Endowment May Louise Corney Endowment Jack and Linda Feldmeier Endowment Bishop Dudley Hospitality House Family Bill and Susan Crawford Endowment Kevin and Jan Feterl Endowment charitable giving for Endowment Janet and Matt Cronin Family Endowment Ron Fiegen Endowment Blue Cloud Native American Ministry Endowment Cross Lazy M. Family Endowment Anthony Lewis Fiorello Family Endowment causes close to your St. Paul, Marty Endowment Fund Curley Family in Memory of Mary J. Curley Warren and Hilda Friessen Family Endowment Bruce and Catherine Bohms Endowment Tim and Patty Czmowski Endowment Rev. John Fischer Endowment heart that you direct. Rev. Patrick Boland Endowment Thomas and Carol Dagel Endowment Dan and Jeanne Flaherty Family Endowment Broom Tree Retreat Center Endowment Doug and Colleen Debelak Endowment Steve Fleischhacker Endowment Mark and Christine Buche Endowment Msgr. Louis Delahoyde Endowment Darlyne Floberg Endowment John and Arlene Buittner Endowment Celia Delaney Endowment Leo Flynn Endowment Lorraine Bullis Endowment Don and Edna Dendinger Family Scholarship Food for the Poor, Inc. Endowment Burggraff Family Endowment in Memory of Endowment Rod and Heather Fortin Endowment Margaret Burggraff and Jean Burggraff David C. DeRouchey Endowment Francis and Theresa Van Sambeek Endowment Butch and Joan Byers Endowment Marvin and Dorothy DeSchepper Endowment Frank and Margaret Yaggie Endowment Larry and Mary Canfield Endowment Dickinson Family Endowment Mary Helen Frankman Music and Liturgy The Most Reverend Robert J Carlson Youth Diocesan Youth Ministry Endowment Endowment Endowment Disability