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2009 Annual Report of the Catholic Foundation

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2009 Annual Report of the Catholic Foundation 2009 Annual Report To witness to MissionChrist and His Gospel values of love, justice, forgiveness and service to all by ensuring that financial donors can effectively support the well- being of Catholic works in our diocese. ToVision serve as a FORWARD-THINKING CATALYST in the shaping of effective and appropriate responses to challenges and opportunities. ENTRUSTED & Experienced CENTRAL ADMINISTRATOR for the disbursement of funds from donors of varied ministerial interests and abilities to give. DEDICATED COMMUNITY PARTNER in fostering and providing financial support for religious, educational and social ministries. HIGHLY VISIBLE RESOURCE for the preservation of the Gospel values of love, justice, forgiveness, and service to all. Bishop’sContents letter 1 President’s letter 2 Youth advancement 3 Encouraging vocations 4 Serving people in need 5 Foundation history 6 Funds & endowments 7, 9 Living the Catholic faith 8 Financial statements 10-11 Benefits of giving 12 Leadership 13 from the Bishop BisHoP Jaime soTo since my arrival in sacramento, i have endowment Foundation was merged met with thousands of faith-filled people into the The Catholic Foundation. throughout our Diocese. it is gratifying There are two primary reasons for this to witness the generous commitment to merger. one is to exercise responsible ToVision serve as a the parishes, schools, and other ministries stewardship by streamlining the financial that serve the people of God in the 20 structure and realize greater efficiencies FORWARD-THINKING CATALYST counties of the Diocese of sacramento. in financial reporting. The second in the shaping of effective and appropriate responses it is this same commitment that reason is that parishes with endowments to challenges and opportunities. • was the inspiration for the founding will be able to take advantage of the ENTRUSTED & Experienced of The Catholic Foundation of the marketing, promotional support and Diocese of sacramento. Thanks to the professional resources provided by The CENTRAL ADMINISTRATOR 1 for the disbursement of funds from donors vision of Bishop William Weigand, The Catholic Foundation. • i am grateful of varied ministerial interests and abilities to give. Catholic Foundation was established to everyone who has participated in The in 2004 with a mission to witness the Catholic Foundation and The manogue DEDICATED COMMUNITY PARTNER gospel values of love, justice and service Perpetual endowment Foundation over in fostering and providing financial support for to all by ensuring that financial donors the years; including our donors, board religious, educational and social ministries. can effectively support the well-being of directors, parish and school staff and of Catholic works in our diocese. volunteers as well as the professional • HIGHLY VISIBLE RESOURCE similarly, The manogue Perpetual staff and advisors. Their generosity and for the preservation of the Gospel values of endowment Foundation was established commitment will sustain and foster love, justice, forgiveness, and service to all. in 2002 with the impetus to support the a broad range of essential ministries good work of the parishes and parish that will benefit our faith community schools in our diocese. • over time, it for generations to come. • i invite became apparent that merging these two you to learn more about The Catholic foundations was the right thing to do. on Foundation and how we can be of January 1, 2010, The manogue Perpetual service to you. Respectfully, +Jaime soTo Bishop of sacramento the catholic foundation of the diocese of sacramento, inc. from the President LaWReNCe B. GaRCIA it is my pleasure to serve as your schools and agencies of the diocese. President of The Catholic Foundation i’m also pleased to share with you a of the Diocese of sacramento. The few of the primary areas of progress we Catholic Foundation belongs to you — have experienced in the past year. • the donors, parishes, all of us involved schools and agencies with The Catholic within our diocese. Between2009 January Areas 1 and Decemberof Progress 31, 2009, our Foundation — the investment earnings grew by more than twenty The reason for The percent (23%). To be sure, this was a welcome board of directors, Catholic Foundation increase following the decline in earnings that committees, staff and were experienced by The Catholic Foundation and its endowments in 2008. advisors — strive to 2 is to suppor t the • be good stewards of Bishop and help the The manogue Perpetual endowment everything God has Foundation was merged into The Catholic local churches carry Foundation creating a much larger and more given us. Be assured out their mission and robust organization. We look forward to t h a t we a t T h e serving the additional 74 endowment account many ministries. i am holders representing more than $21 million in Catholic Foundation p l e a s e d t o re p o r t endowment assets. We are confident that our take the leadership parishes and schools will experience greater t h a t T h e C a t h o l i c accountability and communications through role entrusted to us Foundation enjoyed enhanced marketing, reporting and support of as stewards of these their local endowment efforts. a ve r y p ro d u c t ive • important resources year both in ter ms a comprehensive parish-based stewardship ver y ser iously. We program, Stewardship, A Way of Living, was o f re t u r n o n o u r developed and provided to all parishes diocesan- are grateful for your investments as well wide. t r u s t a n d s u p p o r t a s t h e e x p a n s i o n The Catholic Foundation’s• new website, and look forward to o f o u r s e r v i c e s t o www.tcfsac.org, went live in 2009 and contains continuing to serve extensive resources for our parishes, schools support the parishes, and agencies. you in the future. Lawrence B. Garcia President, Board of Directors the catholic foundation of the diocese of sacramento, inc. Youth Advancement SUCCEED ENDOWMENT FUND • Sacramento Urban Catholic Children’s Equal Education Development 3 stablished in 1985, sUCCEED set out to The communities build a reliable source of funds to provide of the Diocese of ongoing needs-based tuition assistance to Sacramento have students of families who could not afford a Catholic said there is no education. Twenty-four years later, thanks to the single endeavor many benefactors and volunteers who supported more important than sUCCEED, primarily through the annual Gala the formation of Dinner, the gift of a Catholic education has been our youth. Through made possible for hundreds of our local youth whose the Catholic families experience hardships. Today, the sUCCEED Foundation, donors endowment in The Catholic Foundation totals more can help ensure than $5 million — generating approximately $250,000 that our youth have in annual interest earnings to support the three sUCCEED schools (st. the oppor tunity Patrick, Holy Cross and st. Joseph), ensuring the enduring legacy of quality to develop as Catholic education remains accessible to Catholic families. responsible, caring Christians. the catholic foundation of the diocese of sacramento, inc. the catholic foundation of the diocese of sacramento, inc. Encouraging Vocations sEMINARIAN EDUCATION ENDOWMENT • Funded by the Preserving Our Past, Building Our Future Campaign ichael Ritter grew up in SS. Peter and Paul Parish in Rocklin where he experienced a variety of pastoral ministries and recalls the example of goodness and generosity that he found in his parish pastor. Now a student at st. Patrick’s seminary in menlo Park, michael is beginning his third year in theology. as he learns what it means to be a priest for and with the people of the Diocese of sacramento, he is grateful for the resources and support he receives as he continues his path of personal and spiritual formation. The seminar ian endowment Fund helps train new priests to serve our communities in the future while also 4 relieving them from the anxiety of financial burdens so they can focus on their spiritual formation. The process of choosing to dedicate one’s life to the Church is filled with discernment. Through the Foundation, donors can assure the preservation of a supportive community of financial security for those who become ordained or consecrated servants of Christ’s Church. the catholic foundation of the diocese of sacramento, inc. Serving People in Need social SERVICEs ENDOWMENT • Funded by the Preserving Our Past, Building Our Future Campaign he social services endowment serves as an ongoing testament Our basic Catholic of our faith by providing needed funds to Catholic social service teaching says “the programs, thereby assisting our brothers and sisters desperately in Eucharist commits need. michael and irene, for example, were helped by Catholic us to the poor.” social service of solano County. Both are grateful for the compassion There will always and assistance that helped them overcome difficult circumstances. be disadvantaged people in our midst. michael lost everything when his low-income The Catholic residence burned to the ground. Yet his spirit never Foundation provides dampened. Because help was there when he needed practical ways for it most, michael is now recovering from his great donors to provide loss and still lives on his own. the deciding difference in irene is determined to get her life back on track people’s lives. after years of domestic abuse. With the help and encouragement she received, she looks forward to a hopeful future for herself and her son. 5 the catholic foundation of the diocese of sacramento, inc. the catholic foundation of the diocese of sacramento, inc. Foundation History BisHoP PatriCk maNogue The Diocese of sacramento has been Catholic elementary and high schools blessed with a rich tradition of faith and and more than 100 social service minis- generosity that dates back 160 years to tries.
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