FINANCIAL REPORT

to the People of the Archdiocese of Washington | Fiscal Year 2012-13 | January 2, 2014

Dear Brothers and Sisters in the Lord, private social service providers in the region, bringing It is my privilege to present the Financial Report for hope and healing to more than 100,000 people each the Central Pastoral Administration of the Archdiocese year. There is simply not space in this report to tell the of Washington for the 2012-13 fiscal year. The report whole story. presents an accounting of the funds that have been entrusted to the care of the archdiocese and highlights All of this ministry, service and effort would not be some of the ministries and programs supported by your possible without the generous support of people generosity. throughout the archdiocese together with the careful stewardship of these resources which archdiocesan Behind this financial data are the dedicated staff takes very seriously. This annual report is just one laywomen and laymen, religious and clergy who work element of the accountability and transparent financial so faithfully to show the face of Christ to those in our management that the archdiocese practices. The communities. More than 4,500 employees in our Archdiocesan Finance Council, whose members parishes, schools, Central Pastoral Administration and include national and regional business leaders, are agencies ensure the operations of our many ministries dedicated to overseeing all major financial and and programs, often behind the scenes and with little budgetary decisions; and the financial statements of the recognition. archdiocese have undergone an independent audit each year for decades. As we prepare to celebrate the 75th anniversary of the Archdiocese of Washington this year, it is good to In presenting this report, I once again express my reflect on all that has been accomplished. From modest deep appreciation for your support of the good works of beginnings, the archdiocese has become home to more this local Church and ask God’s blessings on you in the than 620,000 Catholics from every continent; more than New Year. 27,000 students receive an excellent faith-based education in 96 Catholic schools; and our service Faithfully in Christ, agencies, including Catholic Charities and Victory Housing, have made the archdiocese one of the largest Archbishop of Washington

PHOTOS COURTESY OF THE CATHOLIC STANDARD AND EL PREGONERO ARCHDIOCESAN CENTRAL PASTORAL ADMINISTRATION

Archdiocesan operating revenue for the Center for Children, Youth and Families that pay rent on archdiocesan buildings used for 2012-13 fiscal year was $41 million. The their programs. The archdiocese then makes Archdiocese of Central Pastoral Administration ended the equal contributions to these corporations so Washington: fiscal year with an operating surplus of there is an offsetting expense in Pastoral Who we are Ministry and Social Concerns. The balance nearly $900,000. excludes $1.1 million of non-cash rental 2012-13 fiscal year income.

Sources of Revenue Forward in Faith Foundation : Revenue n 621,000 Catholics of more than $2.2 million was recognized from n District of the Forward in Faith foundation. More he Cardinal’s Appeal is the largest Columbia and five detailed information about how this money source of operating income for Maryland counties was used is on page 7 of this report. the archdiocese, with almost $13 n 139 parishes and 9 million received in the 2012-13 In addition to the operating revenue and missions and Tfiscal year to support programs expense, the archdiocese has insurance communities and ministries around the archdiocese. Money services revenue of $40,963,998 and expenses from the Appeal is used to support children 96 Catholic schools, of $38,860,899 primarily representing pass- n attending Catholic schools, men studying to including 63 throughs of amounts received from parishes become priests, pro-life and ethnic ministries archdiocesan and agencies and paid out in claims and and many other pastoral ministries and social elementary schools benefits. concern programs in our local community. and early childhood programs and 2 Assessments , which come primarily Gifts and grants include bequests and archdiocesan high from parishes, accounted for the second other one-time gifts to the archdiocese, schools largest source of revenue, contributing nearly including some restricted for specific $12.4 million. They are used to fund needed purposes. This category accounted for $3.3 n 27,720 students in support services for administration, million in 2012-13. Catholic schools communications, development, religious 25,116 students in Interest and investment income is n education and facilities costs, as well as religious education support for tuition assistance, financially earned on the cash and investments held in needy parishes, schools, organizations and operating funds. The archdiocese earned n 354 priests, families. Parish assessments averaged 9.2 nearly $2.5 million last year. The balance including 292 active percent of total parish income. excludes investment income not available for and retired operations of $1.9 million. archdiocesan priests Fees and other income of more than $5.3 million were collected primarily for services n 73 seminarians provided to others, such as administering n 265 permanent insurance billing and claims, investing and deacons monitoring the lay and priest retirement and other investment funds, and fees for programs n 489 religious held throughout the archdiocese. women and 596 men religious Rental income of almost $2.4 million serving in includes rent from affiliated service providers the archdiocese such as Catholic Charities and St. Ann’s

Central Pastoral Administration Operating Revenue |

Cardinal's Appeal $ 12,989,298 5% Assessments 12,394,482 6% Cardinal's Appeal 32% Gifts and grants 3,325,015 Assessments 30% 32% Interest and investment income 2,482,134 13% Gifts and grants 8% Fees and other income 5,379,495 Interest and inventment income 6% Rental income 2,373,280 Fees and other income 13% Forward in Faith 2,230,154 6% Rental income 6% Total General Operating Revenue $ 41,173,858 Forward in Faith 5% 8%

30% ARCHDIOCESAN CENTRAL PASTORAL ADMINISTRATION

Central Pastoral Administration How your support makes a difference Operating Expenses and Designations he generous support of In January the people throughout 2013, more than the archdiocese 30,000 teens and Pastoral Ministry & Social Concerns $ 8,119,152 enables the Church of young adults Catholic Education 6,039,035 TWashington to bring from around the Ministerial Leadership/Seminaries 8,110,621 the light of Christ to the faithful and country attended Archdiocesan Administration 7,067,922 those in need through its many the annual Youth Communications 1,164,690 ministries and programs. Rally and Mass The Blessed John Paul II for Life at two Parish Services 1,820,383 Seminary, which opened in North - arenas in the Gifts & Assessments 1,346,453 east Washington with space for 30 Washington area General & Administrative 4,642,387 men in 2011, underwent a building to witness to life. Development 1,978,678 expansion in the 2012-13 fiscal year It marked not to accommodate the growing only the Year of The archdiocese continued to Total Operating Expenses $ 40,289,321 number of vocations to the Faith but also the 40th anniversary heed the call of the New archdiocese. The seminary has of the 1973 Supreme Court decision, Evangelization by expanding the Total Operating Revenue $ 41,173,858 added 20 bedrooms to Roe v. Wade . use of new media to reach people accommodate 20 more seminarians On Pentecost Sunday in May, and proclaim the Gospel in new Operating Surplus $ 884,537 as well as a library, a recreation Cardinal Wuerl issued a decree ways. While 135,000 Catholic room, a fitness room and two priest initiating the preparatory phase of attend Mass on any given Sunday in suites. Cardinal Wuerl ordained six the Synod of the Archdiocese of the archdiocese, more than 300,000 Pastoral Ministry Communications 3% men as priests for the archdiocese Washington to coincide with the people encounter the archdiocese & Social Concerns 20% in June 2013. Two of the men had 75th anniversary of the archdiocese through its social media outlets, Parish Services 5% Catholic Education 15% previously worked as teachers and in 2014. Clergy, lay and religious making it the largest diocesan social Gifts & Assessments 3% coaches at DeMatha Catholic High synod participants have been media presence in the country. In Ministerial Leadership/ School in Hyattsville before meeting to draw up a blueprint for February 2012, Cardinal Wuerl Seminaries 20% General & Administrative 11% entering the seminary. the archdiocese's future outreach launched a new blog called Seek Archdiocesan Development 5% In the spring of 2013, the Also on Pentecost this year, First the Kingdom as a way to Administration 18% archdiocese created the Secretariat participating members of the synod explore the teachings of the for Development to further advance - including bishops, priests, Catholic faith and their relevance the successful development efforts deacons, laity and religious from and importance in daily life. 5% to support the evangelization, across the archdiocese - were pastoral and charitable works of the commissioned. 11% 20% archdiocese. The secretariat leads 3% the philanthropic and fundraising ARCHDIOCESE OF WASHINGTON | OPERATING RESULTS efforts of the archdiocese through 5% 3.0 2.3 the annual Cardinal’s Appeal, a 2.0 0.7 0.9 parish offertory program, a tuition s 1.0 0.8 3% n 0.3 15% o i

assistance fund and planned giving. l 0.0 l i m

The new secretariat also oversees (1.0)

n (0.8) i special purpose fundraising (2.0) $ (2.0) campaigns and helps parishes raise (3.0) (2.4) 18% funds for capital needs. (4.0) (5.0) (4.1) FY’05 FY’06 FY’07 FY’08 FY’09 FY’10 FY’11 FY’12 FY’13 20% Fiscal Years ended June 30 Operating Expenses Pastoral ministry and social concerns was the largest expense at In 2012-13, 73 seminarians studied to become priests for the Parish services included the Office of Parish and School Financial $8.1 million. These included expenses for campus ministry and the Archdiocese of Washington. The archdiocese owns and operates Operations and portions of the Offices of Facilities Management Newman Centers at five local universities; Office of Worship; Office two seminaries including the Archdiocesan Missionary Seminary and Human Resources. of Evangelization and Family Life; Office of Hispanic Pastoral Affairs; Redemptoris Mater in Hyattsville. Continuing education and special Office of Black Catholics; the Lay Leadership Institute; ministry to medical care for priests, the Office of Vocations, the Office of the Gifts and assessments represented required membership persons with disabilities; pro life ministries, and many more Diaconate and the Office of Consecrated Life are all part of assessments from the Holy See and organizations such as the important programs that are essential to the life of the Church. ministerial leadership. United States Conference of Catholic Bishops and Maryland Catholic Conference, as well as modest gifts the archdiocese made Catholic education expenses totaled $6 million, which included Archdiocesan administration expenses included the Office of the to other Catholic organizations. support for students in Catholic elementary and high schools across Archbishop and three auxiliary bishops, the Office of the Chancery, the archdiocese as well as the Catholic Schools and Religious and the Office of Government Affairs. General and administrative expenses included the archdiocesan Education Offices that provide support to Catholic education for Offices of Finance, Information Technology and a portion of the children and adults. A portion of this expense enabled the Communications expenses covered the Secretariat for offices of Facilities Management and Human Resources. archdiocese’s Catholic Education Foundation to award over $5.5 Communications and its efforts through traditional and social media million in tuition assistance, which is covered in more detail on page outlets and digital media. The Catholic Standard and El Pregonero Development costs covered the Secretariat for Development, which 7. newspapers are also part of the Secretariat but are primarily funded serves the archdiocese through running the Cardinal’s Appeal, the by Carroll Publishing Company, which is an archdiocesan agency Catholic Education Foundation, the Forward in Faith foundation, Ministerial leadership and seminaries included the education and whose financial results are reported on page 4. planned giving and other outreach. training of our seminarians, the largest expenditure in that category. AGENCIES

Archdiocesan Service and Educational Agency Expenses

Charity and Social Concern Corporations

Catholic Charities $ 77,568,000 Catholic Cemeteries 9,430,411 St. Ann's Center for Children, Youth and Families 4,996,619 Carroll Publishing Company 1,855,923 Catholic Youth Organizaton 1,523,570 Rosaria Communities 187,496 Victory Housing 26,002,935 Victory Youth Centers 460,415

Total Charity and $122,025,369 Members of Don Bosco Cristo Rey High School’s 2013 graduating senior class join hands in praying the Our Father Social Concern Corporations during their Baccalaureate Mass at the National Shrine s Crypt Church. ’ atholic social service programs in the bono specialty care services connecting clients to doctors Educational Corporations archdiocese bring Christ’s hope to tens of and hospitals throughout the archdiocese. These services (excludes parish-based schools) thousands of people in need every year. are literally a lifeline for those who need medical and These charitable and social concern agencies dental assistance but cannot afford it. Archbishop Carroll High School $ 6,613,381 Cserve people of all faiths and backgrounds Catholic Charities continued to feed the community with a wide scope of needs. in a sustainable way through SHARE, the Southern Don Bosco Cristo Rey High School 4,612,159 These agencies spent more than $122 million to Maryland Food Bank and the many food pantries through - assist women in crisis pregnancy situations, provide a life - out the community. SHARE provided 118,212 packages of Consortium of Catholic Academies 7,652,253 line of medical and dental care for the uninsured and affordable and healthy groceries last fiscal year. provide quality housing to low-income seniors and Partnerships between Catholic Charities and Mary of Nazareth families, among many other essential services. parishes and schools in the archdiocese continued to Elementary School 4,162,477 More than $23 million was spent by educational strengthen through the Parish Partners Program, the corporations, which include the two archdiocesan high Parish Service Projects and the Parish and Schools Total Educational Corporations $ 23,040,270 schools: Archbishop Carroll High School in Washington, Outreach program. There are more than 40 parish service DC and Don Bosco Cristo Rey High School in Takoma projects ranging from food distribution to immigration Total Agency Expenses $ 145,065,639 Park. workshops. The Cup of Joe Program, which provides This financial summary does not replace those breakfast to those living in shelters, has provided more produced by these agencies, which are separately than 35,000 meals this past year and is a popular service incorporated, but is included to provide an understanding project in Catholic schools. The Missions of Mercy one of the impact they have across the archdiocese. day dental clinic provided more than 3000 dental services. Catholic Charities 53% The Sanctuaries for Life program, which assists Catholic Charities vulnerable pregnant women in securing affordable Catholic Cemeteries 7% Guided by Catholic social and moral teaching, and prenatal care and labor and delivery care, has developed St. Ann's Center for motivated by the Gospel message of Christ, Catholic partnerships with six parishes to provide satellite sites Children, Youth and Families 3% Charities of the Archdiocese of Washington serves the across the archdiocese. poor and most vulnerable in our communities by reaching Carroll Publishing Company 1% out a helping hand when it is needed most. A major focus of the 2012-13 fiscal year was the Catholic Youth Organizaton 1% creation of the Job Opportunities and Basic Skills (JOBS) 3% program to serve the chronically unemployed. JOBS aims 3% 5% <1% Rosaria Communities < 1% to transition those who are homeless to a greater quality of 5% life by empowering them to obtain and retain employment Victory Housing 18% and housing. 18% Catholic Charities also created the Adult and Family 53% Victory Youth Centers <1% Clinical Services department, which provides a more integrated approach to serving clients physical and Archbishop Carroll High School 5% behavioral health needs, independent living programs and Don Bosco Cristo Rey High School 3% civil legal services though the Legal Network and 3% Immigration Legal Services. Health care providers and <1% 7% Consortium of Catholic Academies 5% volunteers serve thousands of uninsured in our 1% communities through medical and dental clinics, and the Mary of Nazareth Elementary School 3% Health Care Network arranges million of dollars of pro- 1% St. Ann’s Center for Children, Youth and Families Founded in Washington in 1860 by the Daughters of Charity, and located in Hyattsville since 1962, St. Ann’s has been dedicated in its mission of caring for vulnerable children and at- risk young mothers. Over its 150 year history, St. Ann’s has served as an orphanage, an adoption agency, an emergency shelter for abused Victory Housing children, a residence for teenage mothers, a housing program and an affordable day care for provides working families and the children in residence at affordable St. Ann’s. Last year, St. Ann’s served 24 mothers and housing and their children in the Teen Mother Residential program. An employment counselor was hired related social to help the teen residents with employment counseling, financial literacy, life skills and services in 27 parenting classes. Residents without a high school diploma enrolled in St. Ann’s High School communities to and their children enrolled in St. Ann’s Child more than Students at Archbishop Carroll High School sort food they have collected to be distributed to needy Development Center. The center served almost families, parish food pantries and food banks. 70 children from the community and St. Ann’s 1,800 low-and residents last year by providing a safe and Archbishop Carroll High School Piper and NASA Goddard during her four years affordable day care. moderate- A rchbishop Carroll High School is a at Don Bosco. Twelve mothers and their children were Catholic, co-educational school that provides Sixty-eight companies employed Don served by Faith House, a transitional housing income senior college preparatory academics including IB Bosco students last year, who earned $1.9 million program for single mothers aged 18-25 to help honors courses and remediation for students with towards their own educational costs. Each them become self-supporting, effective parents citizens and learning difficulties; a wide range of sports and student works one full day a week in and responsible citizens. Residents successfully families across activities; a revived theatre program and a administrative jobs at area law firms, banks, completed job training programs in information significant Christian Service program that hospitals, universities and other corporate work technology, building maintenance and nursing. the archdiocese includes holding the largest high school food places, earning $7,500 towards the $13,500 The daily inquiries St. Ann’s receives from drive in the nation. Thirty-eight percent of the tuition cost. The remainder is covered by mothers desperate for a place to call home made at a cost of students participate in the IB honors program. fundraising and the student’s family. the need for housing for homeless mothers and Last year, the school enrolled 422 their children more and more urgent. Last year, more than $26 students who came from 45 different schools. Victory Housing space inside three wings of the main building These students and their parents represent 44 After arriving in the United States from Peru, was renovated into Hope House, which opened million a year. different nationalities and 63 zip codes in Luz Cabrera found her church home at St. its doors in fall 2013 with space for 12 mothers Washington, DC, Maryland and Virginia. Camillus Parish in Silver Spring. When the retired and their children. In addition to the bedrooms, The 86 members of Archbishop Carroll’s school teacher needed to find a new home she each wing includes a dining room, family room, Class of 2013 received more than 186 wanted to stay close to where she lived and close playroom, bathrooms, laundry area and a acceptances from 89 different colleges, to the parish. Her dream came true when she playground. The living spaces were renovated universities and international institutions. Many moved into the brand new Victory Oaks at St. pro bono by a St. Ann’s benefactor. of the students were the first in their families to Camillus in October 2012. The 48-unit apartment Hope House residents receive the go to college. The class earned over $4 million in building for low-income seniors is located beside guidance, resources and support they need to scholarships, with some students receiving St. Camillus Church and St. Francis International build economic self-sufficiency and stability. offers over $100,000 to universities including School. With this support, St. Ann’s hopes to break the Georgetown University, Dartmouth College, Victory Housing, Inc., the non-profit cycle of poverty and dependence these housing development arm of the archdiocese that Ohio State and University of Virginia. struggling families have experienced. built Victory Oaks, provides affordable housing Fifteen percent of the students are and related social services in 27 communities to immigrants to the United States. Forty-seven more than 1,800 low-and moderate-income percent of the students are Opportunity senior citizens and families in Washington, D.C. Scholarship recipients and 61 percent of the 9th and Montgomery, Prince George’s, Charles, grade attend the school on Opportunity Calvert and St. Mary’s counties in Maryland, at a Scholarships. cost of more than $26 million a year. In addition to receiving critical tuition The 2012-13 fiscal year was a busy one for assistance from the archdiocese, Archbishop Victory Housing. In July 2012, it opened the 98- Carroll raised its budgeted goal of $1.5 million to unit Victory Square apartments for mixed-income support tuition assistance and operating seniors in the Parkside neighborhood of North - expenses. east Washington. The complex received three regional and national awards, including a tie with Don Bosco Cristo Rey High School Victory Oaks for an award from the American In May 2013, Don Bosco Cristo Rey High Institute of Architects, Potomac Valley Chapter. School graduated its third class, with all 55 Also in July 2012, construction began on the graduates accepted to college and in total 86-unit Victory Court in Rockville. The awarded $5.5. million in merit and needs based apartments were officially dedicated in scholarships. November 2013 and provide a mix of affordable The school’s unique corporate work study and market rate one- and two-bedroom program enables economically disadvantaged apartments to persons 62 and older. Of the total students to earn some of their tuition while apartments, 45 are for households at or below 50 gaining valuable work experience. Victoria percent of the area median income; 20 will be for Children from St. Francis International School in Silver Spring sing to open the Carlena Riley, the class of 2013’s valedictorian households below 80 percent of the area median Oct. 1, 2012 dedication ceremony for their new elderly neighbors at Victory Oaks who now attends Georgetown University, income and the remainder will be leased at at St. Camillus. Victory Housing, the Archdiocese of Washington's housing worked at Boland, the Jesuit Conference, DLA market rates. corporation, developed the new 48-unit apartment building for low-income seniors located beside St. Camillus Church and St. Francis International School. RETIREMENT PLANS

Caring for our retired employees ore than 4,500 Priests’ Retirement Benefit people serve the Trust and Priests' Medical Archdiocese of and Care Fund Washington working Mfor its parishes, Statements of Activities and Changes in schools, agencies and Central Pastoral Unfunded Obligation Administration. Some of these dedicated employees have given decades of their lives serving the Church in Washington. Inflows: Employer contributions $ 3,497,782 At the Opening of Schools Mass in Archdiocesan contributions 2,000,000 August 2012, 30 Catholic school teachers Second collection and other gifts 556,741 and principals were recognized for Net investment income 2,771,369 serving their school for more than 25 $ 8,825,892 year, with six celebrating 40 years of Outflows dedicated service. Retirement benefits paid $ 1,372,457 To meet the long-term retirement Medical and care benefits paid 1,,111,954 needs of its employees, the archdiocese Administrative and other fees 430,841 introduced a new retirement plan in $ 2,915,252 2013, which gives employees the option of contributing to a new 403(b) Increase in cash position $ 5,910,640 retirement plan with the archdiocese matching half of the employees Superintendent of Catholic Schools, Deacon Bert L’Homme (center) poses with new Actuarial changes $ (1,830,687) contribution up to four percent of their school principals outside the archdiocese’s Pastoral Center in Hyattsville at the start of pay. Employees have about two dozen the 2012-13 school year. Change in unfunded liability $ 4,079,953 investment alternatives to choose from was engaged to perform plan is through the Priests’ Retirement Unfunded liability as of July 1, 2012 $ (21,226,353) for their 403(b) plan, meaning they can administration. Benefit Trust. Their healthcare, Unfunded liability as of June 30, 2013 $ (17,146,400) tailor their contribution and their special needs and funeral expenses investment to their needs. Caring for our retired clergy are provided from a separate fund – The Lay Employee Defined Benefit In November 2012, the the Priests Medical and Care Fund. Pension Plan, which was frozen effective archdiocese held the second Retired Money from the Trust and the Fund is Dec. 31, 2012, continues to be under - Priests Collection in parishes, and it restricted solely for caring for retired funded by a significant amount ($53 was again met with great generosity archdiocesan priests. million last fiscal year.) With the pension from the faithful, raising more than At the end of the fiscal year, the plan frozen, the actuarial liability will no $550,000 to help ensure our clergy retirement benefits and medical and longer grow. The parishes, schools, will be financially supported in their other care were under funded by $17.1 agencies and the Central Pastoral retirement. million. However, due to the success Administration continue to make While many priests continue of the 2012 Cardinal’s Appeal and contributions to fund both the 403(b) working long after they are eligible to generosity from parishioners, an and frozen pension plans. A new Lay retire at age 70, upon retirement the additional $1.5 million was Retirement Board was constituted in archdiocese provides a monthly contributed to the Priests’ Retirement 2013 to oversee both lay retirement retirement benefit for its priests. This Benefit Trust in 2013. plans and a third party administrator

Status of Lay Employee Pension Plan Priests' Retirement Funds Actuarial Liability vs. Assets, net |

At December 31, 2012 which is the plan year end, Priests’ Retirement Benefit Trust Medical and Care Benefits the lay employee pension plan was 76% funded.

Actuarial Investment balance $ 172,348,408 liability

Actuarial liability $ 225,444,221 Investment GAP Underfunded $ (53,095,813) balance $ 5 10 15 20 25 30 35 40 45

$ in millions

Sources of Funds for Tuition Catholic Education Foundation Assistance Awards for the of the Archdiocese of Washington, Inc. 2012-13 fiscal year Changes in Net Assets

Appeal and major gifts, including those pledged in prior years $ 2,938,001 Opening net assets $ 23,644,333 Parish contributions 2,219,499 Additions: Forward in Faith and other Parish contributions $ 2,219,499 endowments 342,500 Appeal and major gifts 700,583 Forward in Faith and other endowments 342,500 $ 5,500,000 Investment income 1,991,354

6% $ 5,253,936

40% 54% Uses: Tuition assistance* $ 4,503,849 or the second year in a row, Parishes without a school and not Seminarian and religious the archdiocese was able to supporting a regional school contribute education awards 21,091 award $5 million in tuition an additional six percent of their Administrative and other expenses 244,372 assistance for the 2012-2013 offertory to education. Appeal and major gifts 54% Fschool year, which helped Despite these increases in parish $ 4,769,312 thousands of families afford a Catholic support for tuition assistance, there is Parish contributions 40% education for their children. As a result far more need among families than can Forward in Faith and other Change in net assets $ 484,624 of the parish offertory assessment for be met by archdiocesan assistance endowments 6% education, the generosity of donors and alone. Last school year, tuition Ending net assets $ 24,128,957 the success of the Forward in Faith assistance awarded met only 17 percent To learn more about the Archdiocese of Washington’s Tuition Assistance Fund: campaign, the archdiocesan Tuition of the need from families across the *Of the $5 million in awards, this represents the amount accepted and distributed to schools. Assistance Program has awarded over archdiocese. Less than half of the $20 million to more than 15,000 applicants for tuition assistance www.adw.org/TAFBrochure.pdf recipients over the past four years. received an award this school year, The Catholic Education which is why it is crucial for people to Archdiocesan Tuition Assistance Foundation, established in 2011, support programs like the D.C. School Year Applicants Awardees Need Award % of Need Met protects these funds so that they can Opportunity Scholarship Program only be spent on Catholic education, no (OSP) and to advocate for the proposed 2013-14 10,134 4,988 $ 40,700,000 $ 5,500,000 14% matter what other financial needs may business tax credit in Maryland that 2012-13 7,585 3,817 $ 29,683,689 $ 5,000,000 17% arise. All parishes in the archdiocese would provide scholarship assistance. 2011-12 8,366 3,730 $ 31,614,369 $ 5,000,000 16% contribute three percent of their Last school year, more than 800 2010-11 7,650 3,828 $ 24,219,798 $ 5,000,000 21% offertory to education and 56 parishes students were able to attend Catholic 2009-10 6,386 3,433 $ 20,324,940 $ 4,269,123 21% sponsor or support a regional school. schools in the District of Columbia 2008-09 4,379 2,880 $ 19,113,605 $ 2,228,466 12% Supporting parishes contribute at least thanks to OSP. The average annual 2007-08 3,833 1,536 $ 18,074,238 $ 890,274 5% an additional five percent of their income for a family of four in OSP is offertory to that regional school. less than $21,000. Tuition assistance financial commitments for a school year are made in the prior fiscal year but paid in the next.

Forward in Faith Foundation Forward in Faith, Inc. Changes in Net Assets Forward in Faith, Inc. began seven years ago • Pastoral services The campaign has ended but the Forward in as a campaign to create an enduring • Multi-cultural apostolates Faith Foundation and its board of directors foundation for the archdiocese to address • Ministry enhancement continue to oversee the endowment funds immediate needs in parishes and • Parish sharing that have been created and distribute Opening net assets $ 62,549,947 communities and to establish long-term critical resources in areas such as tuition The people of the archdiocese responded endowments. assistance, multi-cultural, pro-life initiatives Additions: with inspired generosity to the campaign, Gifts 4,095,031 and capital improvements. Six major areas were identified for funding: collecting more than $125.5 million since the Investment income 6,618,122 • Education campaign began in 2004 . Total additions $ 10,713,153 • Catholic Charities Uses: Tuition assistance 750,000 Catholic Investment Trust of Washington Pro-Life apos tolate 50,000 St. Joseph's Lay Leadership Institute 182,996 In the spring of 2012, the Catholic Investment Pension Plan. Archdiocesan Charitable Fund 517,647 Trust of Washington was formed to Multicultural apostolate 200,000 oversee the investments of several Each grantor is represented on the Board and Seminarian expenses 288,744 archdiocesan affiliated entities, each of which there is an independent member serving as Needy parishes and schools 230,000 is reported on elsewhere within this report. chairman. The Trust operates similar to a General and administrative expense 270,961 mutual fund in that the assets of any one The five initial grantors to the Trust are Central grantor may not be used to pay expenses or Total uses $ 2,490,348 Pastoral Administration, Forward in Faith, debts of any other grantor, but all of the Change in net assets $ 8,222,805 Catholic Education Foundation, Priests’ investors share in the benefits of lower costs Retirement Benefit Trust and the Employee and greater diversification. Ending net assets $ 70,772,752 ast year, 139 parishes and nine online learning and shared missions served hundreds of community interactions. A In the 30-year thousands of people in Washington, fully online individual user history of the DC and Montgomery, Prince version was also developed LGeorge’s, St. Mary’s, Charles and in English and Spanish for National Blue Calvert counties. More than 25,000 students anyone to take at their own Ribbon Schools received catechesis through parish religious pace. The course has been education and youth ministry programs at a cost used around the nation by Program, 24 of almost $10 million. More than 24,000 student anyone wishing to know schools in the in 65 archdiocesan elementary and high schools more about what Catholics received an excellent education grounded in the believe and why. archdiocese have Catholic faith. Parishes and schools in the received this archdiocese spent nearly one-quarter billion Our Schools prestigious dollars in service to the faithful last fiscal year. Last school year, three elementary schools in the honor 31 times. Our Parishes Archdiocese of Washington Parish revenue and expenses have remained received the U.S. steady for the past two fiscal years. Parish revenue Department of Education comes primarily from the offertory, with parish Blue Ribbon Schools Award in recognition of the fundraising and investment income making up schools’ academic achievement as America’s most Even with tuition increasing five to six the rest, totaling more than $135 million last fiscal successful schools. This award was only given to percent a year on average, tuition remains lower than the actual cost of educating a child in order year. Parish expenses totaled nearly $128 million. 50 private schools nationwide last school year. to try and keep Catholic education affordable. Last year, many parishes in the archdiocese The three archdiocesan schools are Blessed Tuition paid by parents only covers about 73 participated in Living Catholic - a four to six week Sacrament School (Washington, DC), Father percent of the actual cost of operating parish course intended to help Catholics deepen their Andrew White, SJ School (Leonardtown) and elementary schools. The gap between what faith, renew their confidence in its truth and Saint Peter School (Olney.) parents pay and the actual cost of educating share their faith with others. The course went live In the 30-year history of the National Blue students is made up by parish donations and on Oct. 1, 2012, in conjunction with the beginning Ribbon Schools Program, 24 schools in the support (including parishes that support a of the “Year of Faith.” During the “Year of Faith,” archdiocese have received this prestigious honor regional school), tuition assistance and other which concluded on Nov. 24, 2013, Catholics were 31 times. To demonstrate academic superiority, revenue. asked to study and reflect on the document of schools must be in the top 10 percent of schools School revenue increased 1 percent to nearly Vatican II and the catechism so they may deepen nationally in both reading and math or in the top $114 million, primarily due to an increase in their knowledge of the faith. Nearly 2,300 people 10 percent on assessments for the highest grade in contributions, fundraising income and tuition from 60 archdiocesan parishes and schools have the school compared to national norms. assistance disbursements. taken the course. Schools throughout the archdiocese are Living Catholic was designed by the doing their best to keep costs down for families at To read a new report on the past five years’ progress archdiocese in response to questions from the all income levels but the costs to educate a child of Catholic education in the archdiocese visit: faithful about a desire to learn more about their in Catholic school continues to rise as older www.adw.org/five-year-report Catholic faith and how to live it out in an buildings need increased maintenance and increasingly secular culture. It was designed repairs and teachers must be paid a fair wage. To learn more about Living Catholic visit: primarily for parish usage and consists of a mix of www.mycatholicfaithdelivered.com/adw. Parishes and School Revenue and Expense

FY 13 FY 12

Parish Revenue Offertory and other donations $ 110,359,473 $ 111,747,149 Fundraising and other revenue 20,447,433 20,877,056 Investment income and unrealized gain/(loss) 4,372,158 1,621,921 Total Parish Revenue $ 135,179,064 $ 134,246,126

Parish Expenses Core ministry $ 44,916,306 $ 45,793,683 Building and capital expenditures 44,183,230 43,157,199 Administration and other 38,793,140 38,280,370 Total Parish Expenses $ 127,892,676 $ 127,231,252

Parish Net Income/(Loss) $ 7,286,388 $ 7,014,874

School Revenue $ 113,936,170 $ 112,408,880 School E xpenses 113,528,362 112,894,665 School Net Income/(Loss) $ 407,808 (485,785)

Parish and School Net Income/(Loss) $ 7,694,196 $ 6,529,089

School revenue and expenses do not include Mary of Nazareth, high schools or the four Consortium of Catholic Academies’ Schools, as they are disclosed on page 4.