2008 Annual Report

Journey of Hope . . . Renewing Reinforcing Revitalizing

The Catholic Community of Brooklyn and Queens Since its founding in 1853, the faithful of the Diocese of Brooklyn have grown as stewards of ’s gifts. This sense of stewardship is as real today as it was 155 years ago. Through the faithful family and friends of the Diocese of Brooklyn and the generosity shared with the Alive in Hope capital campaign YOU the people of our diocese established the Alive in Hope Foundation— the Catholic Community Foundation of the Diocese of Brooklyn.

Today, the diocese is home to 1.5 million Catholics from 167 countries. With your help, the Alive in Hope Foundation is able to fulfill its mission of meeting the needs of this diverse, urban population. INTERNATIONAL CATHOLIC STEWARDSHIP COUNCIL Alive in Hope Foundation of the Diocese of Brooklyn Is Herby Awarded an Honorable Mention In Recognition of Their Excellence in Total Foundation Effort ICSC ANNUAL CONFERENCE BOSTON, MA Reverend John J. Bracken, Chairman

Dear Friends:

On behalf of the Board of Directors for the Alive in them a great sense of hope. It is our collective privilege to Hope Foundation (AIHF), I am so honored and pleased serve our benefactors as the conduit of your benevolence. to present a stewardship report for the 2007 fiscal year Your gifts touch the heart of so many including us who of our ten-year-old foundation. The journey of hope have the fortune to see your largesse in action. began in 1998. Since then, over $21 million has been Know as we enter the next decade of our existence, we distributed in grant, aid and scholarships throughout give thanks to those who made the first decade one the populous boroughs of Brooklyn and Queens. of growth and impact. We also challenge others to join The growth of this foundation as far as assets under the journey, be Hope Builders, and share the blessings management and endowments created has been nothing that you have received with others. By sharing, you short of remarkable. grow the soul, the spirit, the heart and the story that is Alive in Hope. Over twenty-six funds were created in 2007 bringing the total to sixty-eight. Individuals, families, parishes, schools, I encourage you to call Thomas, Marion or Craig at the ministries have entrusted their resources to the AIHF Foundation, to learn more about how you can give your knowing that in a relatively brief time the foundation gifts through the AIHF to provide for the spiritual, social exudes good responsible stewardship of the resources and educational needs of the Church in the Diocese of entrusted to her. Brooklyn. Know that each day a new chapter is written. We invite you to help write the story, be a part of history Each of us has a responsibility to be an instrument of and join us in renewing, reinforcing and revitalizing the the highest value, contributing to faith, society and each Catholic community of Brooklyn and Queens. other. Our Hope Builders do this and more. Through their generous acts, they leave a long-standing legacy Sincerely in Christ, of love that speaks to their commitment and service to their brothers and sisters in need. It is a gesture that perpetuates unity, solidarity and the building up of the Kingdom of God. The AIHF Board and the foundation staff share their Reverend Monsignor John J. Bracken sincerest gratitude to all who give gifts that carry with Chairman

2 Journey of Hope Renewing Reinforcing Revitalizing Reverend Monsignor John J. Bracken, Chairman Thomas F. Flood, Executive Director

Dear Friends:

In a relatively short period of time, the Alive in Hope a difference. You can read more about these funds on Foundation (AIHF) has done some amazing things in pages 10 and 11 of this report, as well as ways to give support of the parishes, schools and ministries of the on pages 7 and 12. Diocese of Brooklyn. DiMarzio and the AIHF I would like to acknowledge and express my Board of Directors, join me in expressing our gratitude gratitude to the Trustees and my staff for their to the thousands of people from all around Brooklyn dedication, hard work and competence. They all and Queens, and beyond, who have joined us on a give generously of their time and talents so that this journey of hope. organization can accomplish its important work. In light of today’s volatile markets, we want to Finally, I’d like to thank all of you who in the past assure you of the good stewardship and investment year did something on this “journey of hope” by approach applied by the Board. Though there are establishing or increasing a fund, or making a organizations that have reaped high returns by investing bequest to the Alive in Hope Foundation in your in speculative vehicles, we have chosen to remain estate. You are the ones who truly make a difference. committed to preservation of principal as a key priority. It is only through your generosity that the Foundation Our Board and Investment Committee are all actively continues to thrive and grow. involved in the oversight of the Foundation’s investments. If you have not yet considered your planned charitable Endowments remain one of the greatest gifts we giving options or explored other ways the Foundation can give to the generations that will follow us. can help you make a lasting difference for your parish, They help ensure that God’s work can go on where it is school and the Diocese of Brooklyn, I encourage you to needed, when it is needed. The opportunity to create a give it prayerful consideration. You may find yourself lasting legacy is available to anyone through AIHF. surprised by the impact you can make. I strongly encourage you to consider a meaningful gift to one of our existing funds or create a fund that addresses Sincerely, your charitable interests and priorities. Through such a gift, you ensure that the most pressing needs in this and all future generations will receive urgent funding when they need it. These funds can accept donations of any Thomas F. Flood size at any time. Cumulatively, those gifts can truly make Executive Director

3 a c b of all school-aged children in Core Endowment Funds 60% NYC live in Brooklyn and Queens. The following core endowment funds help the Diocese of Brooklyn sustain and extend its ministries throughout the communities of The Archbishop Bryan J. McEntegart Fund offers Brooklyn and Queens. scholarships, matching funds and program support in areas including technology, after-school programs and the arts, for Catholic schools and diocesan education agencies.

This year the fund awarded $3,750,000 in grants.

The Bishop John Loughlin Fund assists and enhances religious education and evangelization programs throughout the Diocese.

This year the fund awarded $175,000 in grants.

The Bishop Charles E. McDonnell Fund provides 100% funding for proactive discernment programs that promote of Core Endowment Fund priestly vocations to qualified young men. principals remain undisturbed This year the fund awarded $215,000 in grants. and earnings are allocated annually to support specific entities

4 Journey of Hope Renewing Reinforcing Revitalizing Journey of Hope making our schools better

The John Paul II Fund supports lay leadership The Bishop Thomas V. Daily Fund supports programs formation and training programs and related initiatives and activities related to the ministry of migration in the through scholarships and program support. Diocese.

This year the fund awarded $210,000 in grants. This year the fund awarded $75,000 in grants.

The Archbishop Thomas E. Molloy Fund delivers The St. Charles Borromeo Fund provides scholarship funding for assistance and care of elderly as well and program support for the continuing education of as those with daily living assistance needs. our clergy.

This year the fund awarded $500,000 in grants. This year the fund awarded $100,000 in grants.

The Bishop Francis J. Mugavero Fund supplies resources for senior citizen services along with elderly housing needs.

This year the fund awarded $225,000 in grants.

5 of the population of 30% Brooklyn and Queens Make a Gift…Change a Life… is Catholic—that’s Leave Your Legacy 1.5 million people.

Fr. Coleman, what prompted you to purchase a Charitable Gift Annuity? “I didn’t have as much to give as I would have liked. But I gave the little I had, and I’m happy with the results. The monies are protected and get a good return. But, it’s not just about me getting a couple of hundred dollars every month; it’s about what the Church is able to do with the money. We change the world little by little. “My priestly ministry, 42 years long, has been marked by a passion to help those suffering from addictions to drugs and alcohol. I’ve been blessed to have played a very active role in outreach efforts through parishes, St. Vincent DePaul societies and civil legislature. I’ve led candlelight marches and sat in parks talking to kids teetering on the edge of reason. Now, through the Alive in Hope Foundation and my Charitable Gift Annuity, I can continue that ministry. There’s a lot of pain out there, a lot of people in need of healing. Don’t think you can’t be a conduit of healing.” “We can’t be afraid to commit ourselves to invest in people.”

Rev. Coleman Costello, now retired, has been a for 42 years, so sharing is in every sense natural to him. He served at many parishes including St. Anthony’s in Green Point, St. , St. Virgilius and St. Saviour. This year, he purchased a Charitable Gift Annuity through the Roman Catholic Diocese of Brooklyn, benefiting the Alive in Hope Foundation.

6 Journey of Hope Renewing Reinforcing Revitalizing “The needs are great, and none of us, including me, ever do great things. But we can all do small things, with great love, and together we can do something wonderful.”—Blessed of Calcutta

Charitable Giving Gifts to the Alive in Hope Foundation create a significant and everlasting impact on the Church in Brooklyn and Queens. A gift is made when a donor decides to transfer ownership of something with monetary value to the Foundation, now or at the time of death. A donor may direct the gift to one or more beneficiaries: for example, a parish, school, ministry or the Diocese. Some donors prefer to add their gift to a Fund already established with the Alive in Hope Foundation. The Foundation offers donors a wide variety of options for giving that allow the opportunity to customize gifts meaningful to them and their families, while meeting their financial needs.

Type of Gift Form of Gift Benefit to Church Benefit to You

Outright Gift • Cash • Perpetual income • Income tax deduction • Stocks/securities • Interest income used by parishes, • No capital gains tax on • Real estate schools and organizations in appreciated gifts • Insurance the Diocese • Vehicle

Bequest • Cash • Bequest will be held in perpetuity • Possible estate tax deduction • Real estate and invested to fund Church needs • Opportunity to make a • Personal property as designated by the donor perpetual gift • Percentage of estate • Remainder of estate • Remainder of estate after other obligations have been satisfied

Charitable • Cash • Upon the death of the donor or • Guaranteed fixed income for life Gift Annuities • Stocks/securities last surviving annuitant, remaining • Portion of income is tax-free • Real estate assets generate interest income • Income tax deduction for Church • Reduction of estate taxes

Insurance • Name Alive in Hope Foundation as • Foundation receives full face value • Opportunity to make substantial Policies policy owner and/or beneficiary of policy upon death of the donor, future gift to Church at current or may receive current surrender manageable cost value prior to donor’s death • Income tax deduction for value of the policy when transferred • Premium payments may be deducted as gifts

Charitable • Cash • Foundation receives substantial • Variable or fixed income Remainder • Stocks/securities future gifts to support the work • Option to defer income Trusts • Real estate of the Church and the charities • Income tax deduction named by the donor • Reduction of estate taxes • No capital gains tax on appreciated gift (or deferral, in some instances)

Charitable • Cash • Income for duration of trusts helps • At end of trust period, principal Lead Trusts • Stocks/securities Church meet spiritual, education, returns to donor or heirs • Real estate and social needs that exceed the • Principal can pass to others with capabilities of most parishes, little or no shrinkage schools and organizations • Tax deduction

Retirement • Name Alive in Hope Foundation • Significant gift upon death • Opportunity to make a major gift Plan/IRA as beneficiary of death benefit of donor • Estate and income tax savings

For more information or to make a charitable donation contact the Foundation at 718-965-7375

7 Over $6.8 million has Giving today for tomorrow… been awarded to support $6.8 evangelization efforts. million

Assets Assets1998–2007 1998–2007 Funds 1998–2008Funds 1998–2008 PermanentPermanent and Temporary and Temporary Endowed EndowedFunds Funds RestrictedRestricted Funds Funds $75,786$75,786 80 80 thousandsthousands 100 100 92 92 Funds Funds 70 70 Equity InvestmentsEquity Investments Fixed InvestmentsFixed Investments 80 80 $54,589,871.81—12/31/07 $54,589,871.81—12/31/07 market value market of equity value investmentsof equity investments $24,705,697.64—12/31/07$24,705,697.64—12/31/07 market value market of fixed value investments of fixed investments 60 60

50 50 26.3% 26.3%InternationalInternational 60 60 15.3% 15.3%Mid CapMid Value Cap Value 40 40 14.0% 14.0%Mid CapMid Core Cap Core 37.0% 37.0%InvestmentInvestment Grade Grade 30 30 40 40 13.2% 13.2%Small CapSmall Cap 26.0% 26.0%Total ReturnTotal Return 12.0% 12.0%Real EstateReal Estate 19.0% 19.0%Cash EquivalentsCash Equivalents 20 20 7.6% 7.6%Large CapLarge Core Cap Core 20 20 18.0% 18.0%High QualityHigh High Quality Yield High Yield 5.8% 5.8%Large CapLarge Value Cap Value 10 10 5.7% 5.7%Large CapLarge Growth Cap Growth 0.1% 0.1%Cash & EquivalentsCash & Equivalents 0 0 0 0 ’98 ’99 ’98’00 ’99’01 ’00’02 ’01’03 ’02’04 ’03’05 ’04’06 ’05’07 ’06 ’07 ’98 ’99 ’98’00 ’99’01 ’00’02 ’01’03 ’02’04 ’03’05 ’04’06 ’05’07 ’06’08 ’07 ’08

8 Journey of Hope Renewing Reinforcing Revitalizing

100 100 80000 80000

70000 70000 80 80 60000 60000

50000 50000 60 60

40000 40000 40 40 30000 30000

20000 20000 20 20 10000 10000 0 0 0 0 Journey of Hope making our parishes stronger

AssetsAssets 1998–2007 1998–2007 FundsFunds 1998–2008 1998–2008 PermanentPermanent and Temporary and Temporary EndowedEndowed Funds Funds RestrictedRestricted Funds Funds $75,786$75,786 80 80 thousandsthousands 100 100 92 92 FundsFunds 70 70 EquityEquity Investments Investments FixedFixed Investments Investments 80 80 $54,589,871.81—12/31/07 $54,589,871.81—12/31/07 market market value valueof equity of equity investments investments $24,705,697.64—12/31/07$24,705,697.64—12/31/07 market market value valueof fixed of investmentsfixed investments 60 60

50 50 26.3%26.3%InternationalInternational 60 60 15.3%15.3%Mid CapMid ValueCap Value 40 40 14.0%14.0%Mid CapMid CoreCap Core 37.0%37.0%InvestmentInvestment Grade Grade 30 30 40 40 13.2%13.2%SmallSmall Cap Cap 26.0%26.0%Total TotalReturn Return 12.0%12.0%Real EstateReal Estate 19.0%19.0%Cash CashEquivalents Equivalents 20 20 7.6%7.6%LargeLarge Cap CoreCap Core 20 20 18.0%18.0%High HighQuality Quality High HighYield Yield 5.8%5.8%LargeLarge Cap ValueCap Value 10 10 5.7%5.7%LargeLarge Cap GrowthCap Growth 0.1%0.1%Cash Cash& Equivalents & Equivalents 0 0 0 0 ’98 ’99’98 ’00’99 ’01’00 ’02’01 ’03’02 ’04’03 ’05’04 ’06’05 ’07’06 ’07 ’98 ’99’98 ’00’99 ’01’00 ’02’01 ’03’02 ’04’03 ’05’04 ’06’05 ’07’06 ’08’07 ’08

9

100 100 8000080000

7000070000 80 80 6000060000

5000050000 60 60

4000040000 40 40 3000030000

2000020000 20 20 1000010000 0 0 0 0 Altar Guild Fund for St. Sebastian provides Elizabeth Speer Scholarship Endowment Establishing an endowment is a general support for the Altar Guild at St. Sebastian Fund provides needs-based scholarship support Parish in Woodside to a child at Queen of Angels Parish in Sunnyside, significant act of Christian charity entering eighth grade at a local Catholic elemen- Angela V. Siciliano Scholarship Endowment tary school and a lasting way of supporting one’s Fund provides scholarship support to needy students attending St. Sebastian School in Woodside Fr. John C. Reilly Memorial Endowment Fund personal philanthropic interests. for Queen of Peace Parish provides scholarship Anne and Mary Mahon Scholarship support to students from Queen of Peace Parish Endowed funds provide a source of Endowment Fund provides scholarships to in Kew Gardens, prepar­ing for Catholic High students attending St. Sebastian School in Woodside School, particularly those who are studying for continuous support to beneficiaries. Bishop Loughlin Memorial High School Fund the priesthood The principal remains undisturbed, provides general operational and program support Frank DeRosa Endowment Fund for The for Bishop Loughlin Memorial High School Tablet provides general operational support for and earnings are allocated annually Bishop McDonnell Memorial High School The Tablet Endowment Fund provides needs-based scholar- Freyland Family Fund for Catholic Education to support specific entities. ships to female students attending Catholic High provides scholarship support for economically Schools in the Diocese of Brooklyn disadvantaged students at Flatbush Catholic Endowment funds are monitored Cathedral Fund provides support for the Cathedral Academy in Brooklyn of the Diocese of Brooklyn Futures Fund provides scholarship support to and managed with counsel from a Cathedral Preparatory Seminary Fund provides Catholic elementary school students through team of professional investment needs-based scholarship support to students Futures in Education Foundation’s Programs attending Cathedral Preparatory Seminary Generoso Pope Scholarship Fund provides advisors. The Foundation’s assets Catholic Charities Endowment Fund provides needs-based scholarships to students of Italian general support of Catholic Charities’ mission heritage or descent, entering or attending are invested in socially and morally Catholic High Schools in the Diocese of Brooklyn Charles “Chuck” Mendez Angel Fund provides responsible funds that are not in scholarship support to students from Resurrection George Campbell Scholarship Fund provides Parish in Gerritsen Beach through the Futures in needs-based scholarships to students attending Education Foundation’s Angel Program Holy Family site at Our Lady of Trust School in conflict with the tenets of Roman Canarsie Daniel and Margaret Reid Fund for Catholic Catholic doctrine. Education provides scholarships to less fortunate Hearst Fund for Futures provides scholarship children, affording them the chance to attend a support to Catholic elementary school students Catholic elementary school in Brooklyn or Queens through the Futures in Education Foundation’s The Foundation currently houses Programs Deacon Thomas Heaphy Memorial Endowment 92 endowed funds, benefiting Fund for Reli­gious Education at St. Mary Gate Herbert H. Ihl Fund provides scholarship support of Heaven provides general operational support to Catholic elementary­ school students through individual students, parishes, schools for the Religious Education Program at St. Mary Futures in Education Foundation’s Programs and Gate of Heaven Parish in Ozone Park financial assistance for the sick and elderly of the and min­istries in Brooklyn and Diocese of Brooklyn through Catholic Charities Deacon Vincent and Carmen Pitaro Scholarship Queens. If you are interested Fund provides two annual needs-based scholar- Holy Child Jesus School Scholarship ships to students attending Catholic elementary Endowment Fund provides scholarships for schools in the Diocese of Brooklyn students attending Holy Child Jesus School in in establishing an endowment, Richmond Hill Dominic DeBonis Memorial Scholarship Fund or want to discuss whether it is provides general scholarship support to a child Holy Name School Scholarship Endowment attending St. Sebastian School in Woodside Fund provides scholarship support for students the appropriate vehicle for your attending Holy Name School in Brooklyn Donald and Patricia Kennelly Angel intentions, please call the Endowment Fund provides scholarship support to Home Mission Fund provides needs-based assis- Catholic elementary school students through the tance for parishes in the Diocese of Brooklyn Foundation office. Futures in Education Foundation’s Angel Program Irene and Nastro Memorial Scholarship Dorothy and George W. Spall Scholarship Fund provides scholarship support for students Fund for St. Mary Gate of Heaven School pro- attending Our Lady of Angels School in Brooklyn vides scholarship support for students attending Jennie and Edward Mills Fund for Catholic St. Mary Gate of Heaven School in Ozone Park Education at St. Virgilius School provides Dr. Joann M. DeLeonibus Scholarship Fund general support for St. Virgilius School in for Our Lady of Angels School provides schol- Rockaway Beach 62% arships for students attending Our Lady of Angels Joseph-Turner Endowment Fund for St. Clare School in Brooklyn School provides merit-based scholarships to students at St. Clare School in Rosedale

62% Endowment Funds are Scholarship Funds.

10 Journey of Hope Renewing Reinforcing Revitalizing Kathie and Christopher Lawler Extraordinary Queen of Angels Scholarship Endowment St. Monica’s Support Fund for Parishes in Needs Endowment Fund for Senior Priests Fund provides general scholarship support to Jamaica provides ministry support for parishes provides general support for expenses associ- children of Queen of Angels Parish in Sunnyside, in Jamaica, NY ated with the needs of senior priests, including attending Catholic elementary schools in the medical, social and recreational needs Diocese of Brooklyn St. Saviour’s Parish Endowment Fund provides general operational support for Keogh Family Scholarship Fund provides Rev. Msgr. Eugene J. Molloy Scholarship St. Saviour Parish in Brooklyn scholarship support to children at Holy Name Fund provides needs-based scholarships to Parish and the neighboring parishes to attend students entering or attending Catholic High St. Sebastian Music Ministry Fund provides Holy Name School in Brooklyn Schools in the Diocese of Brooklyn general support for Music Ministry at St. Sebastian Parish in Woodside Lottie and Christina Scholarship Endowment Rev. Msgr. John J. Bracken Endowment Fund Fund provides needs-based scholarships for provides needs-based scholarships to students St. Sebastian Religious Education Fund students seeking to attend or currently attend- entering Cathedral Preparatory Seminary provides general operational support for the ing St. Luke School in Whitestone Religious Education Program at St. Sebastian Rev. Msgr. Neil Mahoney Scholarship Fund Parish in Woodside Margaret Hardiman Memorial Scholarship provides scholarship support to Catholic Endowment Fund provides scholarship sup- elementary school students through Futures in St. Sebastian Parish Capital Needs port to needy students attending St. Sebastian Education Foundation Programs Endowment Fund provides support for School in Woodside the capital needs of St. Sebastian Parish in Rev. Msgr. Richard F. Dunn Fund awards Woodside Mary and Bruce Robert Catholic Educational scholarships to students attending Corpus Fund for St. Mary Gate of Heaven provides Christi Elementary School in Woodside St. Sebastian Parish V. Duchini support in the areas of tuition assistance, religious Endowment Fund provides general support education programs, capital improvements and Sacred Heart-St. Stephen’s Scholarship Fund for St. Sebastian School and a scholarship for a salaries of those involved in adult, adolescent provides scholarships to students attending student entering the 8th grade at St. Sebastian or children’s religious education at St. Mary Sacred Heart-St. Stephen’s School in Brooklyn School in Woodside and funding for school activities Gate of Heaven Parish in Ozone Park St. Sebastian Parish Endowment Fund Mary Tuohy DeMola Fund provides scholar- Salvatore Conti III Scholarship Endowment provides general support to St. Sebastian Parish ships for students attending St. Athanasius Fund provides a need or merit based scholarship in Woodside School in Brooklyn to a student at Nativity of the Blessed Mary School in Ozone Park St. Sebastian Parish Scholarship Fund Mary Vose Daily Fund provides scholarship provides scholarships for students attending support to parochial school students through Sr. Mary Patrick McCarthy Scholarship Fund St. Sebastian School in Woodside the Futures in Education Foundation’s Angel provides scholarships for students attending Blessed Sacrament School in Jackson Heights St. Sebastian Parish Thomas P. O’Neill Program Endowment Fund provides full or partial May Ellen and Gerald Ritter Fund provides St. Adalbert Fund provides scholarships for annual needs-based scholarships to children scholarship support to students attending students attending St. Adalbert School in Elmhurst attending St. Sebastian School in Woodside and general support of the school Catholic schools in the Diocese of Brooklyn St. Anselm Parish Whitcome Fund provides Merlet and Graver Family Scholarship Fund general and educational support to St. Anselm St. Sebastian Youth Ministry Fund pro- provides scholarships for students attending Parish in Brooklyn vides general support for Youth Ministry at St. Sebastian Parish in Woodside St. Pancras School in Glendale St. Barbara Parish Endowment Fund provides Monsignor Howard B. Basler Scholarship general operational support for St. Barbara Parish St. Teresa of Avila Parish Endowment Fund Fund provides scholarships to students attending in Brooklyn provides general operating support to St. Teresa of Avila Parish in South Ozone Park St. Sebastian School in Woodside St. Bernard Parish Elementary School Fund Parish Capital Needs and Maintenance provides scholarships for students attending Stephen Russell Scholarship Fund for Fund provides support for parishes by helping St. Bernard School in Brooklyn St. School provides scholarships them meet expenses associated with capital for students attending St. Rose of Lima School St. Catherine Laboure Special Education in Rockaway Beach improvements, operations, and maintenance Fund provides general support for special Pastoral Institute Scholarship Fund provides education initiatives in the Diocese of Brooklyn Thomas Barnwell Scholarship Endowment scholarship support of MA candidates through Fund provides schol­arships through the Futures St. Giles Fund provides general support for in Education Be an Angel to a Student Program the Pastoral Institute’s MA program special education initiatives in the Diocese of Peter & Karen Labbat Angel Fund provides Brooklyn Thomas Flynn Angel Fund provides scholar- scholarship support to Catholic elementary ships for students attending Our Lady of St. James Cathedral Basilica Endowment Sorrows School in Corona school students through the Futures in Education Fund provides support for St. James Basilica Foundation’s Angel Program Veronica O’Connor Scholarship Endowment St. John’s Preparatory High School Fund provides elementary school scholarships Philip J. Whitcome Educational Fund provides Scholarship Fund provides needs-based general support as well as support of vocations through the Futures in Education Be an Angel scholarships to students entering or attending to a Student Program and education to Our Lady of Angels Church Catholic High Schools in the Diocese of Brooklyn in Brooklyn Walter and Mary Jane Benson Memorial St. Mark’s Education Endowment Fund Scholarship Fund for Holy Child Jesus provides scholarship support, capital improve- School provides Catholic High School scholar- ments and program assistance for St. Mark ships for students graduating from Holy Child School in Brooklyn Jesus School in Richmond Hill

11 Charitable Gift Annuity—A Vehicle for Legacy Giving A Great Time to Make a “Life Income” Gift

It is true. If you are near retirement age or older, you provide a 9.5% yearly return. We will pay Mary $1,900 can make a gift now to the Alive in Hope Foundation, every year for life guaranteed. She also received an income the Diocese and/or your parish and receive a generous tax deduction of over $10,000. There is one thing income for life. An easy yet effective way to do this is that you cannot put a price tag on that also comes with through our charitable gift annuity. Many have enjoyed a gift annuity; it is the knowledge that lives will be an 8%, 9% or even double-digit return on their gift changed in powerful ways. Mary is so happy with the (the annuity rate varies with the annuitant’s age) as well outcome and how simple it all was, she is considering as an income tax deduction and the satisfaction of doing another annuity with us. knowing that their gift will help others in ways both simple and beautiful. A gift annuity can be funded with larger or smaller amounts (a minimum of $10,000 is required) and can be How does the gift annuity work? It is easiest to illustrate made payable for one or two lives. For a no obligation this with an example. Mary is eighty-seven. She donated proposal that would illustrate exactly how a gift annuity $20,000 toward a gift annuity and we were able to can work for you, please call us at 718/965-7375.

12 Journey of Hope Renewing Reinforcing Revitalizing “Charity may be a very short word, but with its tremendous meaning of pure love, it sums up man’s entire relation to God and to his neighbor.”—St. Aelred of Rievaulx

The Fons Vitae Society acknowledges the many members and friends of the Diocese of Brooklyn for their living leg- acy gifts, and/or their intention to remember the Alive In Hope Foundation, the Diocese, its parishes, schools, and special ministries or a combination, in their estate plans.

Membership in Society includes the celebration of an annual Society at St. James Cathedral, listing on the Society Honor Roll permanently displayed at the Cathedral, and other acknowledgements.

Fons Vitae Society Members

Rev. Domenick J. Adessa †John Gilhooly †Irene and Joseph Nastro †Concetta Aldvino †Rev. Daniel A. Gilroy Charles Nastro James Audino †Donald Gonzalez †Thomas P. O’Neill †Rev. Anthony Barretta †Augusta Grassi Eleanor O’Neill †Chet and Loretta M. Beatty Barbara T. Graver Marian O’Neill Rev. Msgr. Austin P. Bennett †Catherine D. Hanly Rev. John O’Neill †Walter Benson †Margaret Hardiman Eugene O’Rourke †Mary Jane Benson †Marie A. Herman †Rev. Msgr. Joseph K. Parks The Benson Family Herbert H. Ihl †Daniel V. Pascale †Mary Anne Boland †Mary Irving James and Elizabeth Pfohl Rev. Msgr. John J. Bracken Patricia G. Jones Ann Pfohl-Kirby †Rev. John F. Brogan Vilma Joseph-Turner and Lynn Pfohl-Quigley †Grace R. Byrne Tim Turner †Vincent Pitaro Rev. John W. Byrnes †Elreath M. Julien Carmen Pitaro †George K. Campbell †Walter Kasowicz Antonia Poggio Concetta Cardillo †Anna E. Kelly Vincent and Fontina Polito †Lena Cardone †Mary Ann Kelly †Margaret F. Rawlins †John Casinelli Theresa Kelly †Daniel and Margaret Reid †Irene Clark Rev. Louis J.P. Kennedy †Rev. John C. Reilly †John R. Clune †Donald and Patricia Kennelly †Ralph J. Rella †Barbato A. Coccaro James Kennelly †Carmine Rispoli Rev. Msgr. Celsus Collini The Keogh Family †Bruce and Mary Robert Rev. Coleman J. Costello †Rev. Joseph Konrad †Stephen Russell †Claire Cox Peter and Karen Labbat Jay Sessa †George Daigger †Kathie Lawler †Marian J. Siconolfi †Mary Vose Daily †Christopher Lawler †George W. and Dorothy Spall Most Rev. Thomas V. Daily The Lawler Family Elizabeth Speer †Angela Dallessandro †James Francis Lyden Anne Strafaci Lawrence L. D’Amato †Mary Mahon Catherine Walsh †Emma A. Daniels †Ann F. Mahon †Philip J. Whitcombe †Dominic DeBonis †Sr. Mary Patrick McCarthy and Marija Wierzbicki Dr. Joann De Leonibus Ann F. McHugh †Leo J. Zaman †Mary Tuohy DeMola William A. McKenna, Jr. †Louisa D’Orsa †Charles “Chuck” Mendez †David V. Duchini †John A. Meo Florence I. Duignan †Jean Mary Merlo Mary T. Duignan †Theodore Mikrut †Thomas Flynn †Edward and Jennie Mills Eileen S. Flynn †Kathryn A. Mullin Doris Freyland Rev. Daniel Murphy Vincent Galantino Hon. Daniel Nastro

†Deceased Members R.I.P For more information or to enroll in the Fons Vitae Society, please contact the Foundation office at 718-965-7375 13 Hope Builders

Abigail Press, Inc. Ms. Beatrice Brown Conway, Farrell, Curtain & Kelly, Mr. and Mrs. Robert Dondiego Ms. Kathleen T. Garry Ms. Lurena Jones Academy Express Ms. Mary E. Brown P.C. Miss Rosemary Donnelly Sister Patricia Geary, Gnsh C.M. Joseph P. Clavin Sons, Inc. Mr. George E. Ms. Kim Buchanan Mr. and Mrs. Frank Corigliano Mr. and Mrs. Brendan and Mary Mr. Oleg Geller Funeral Home The Audrey Adamo Family Mr. and Mrs. Gilbert G. Buckley Corpus Christi Donnelly Ms. Mary Gelormino Dr. Vilma Joseph-Turner Rev. Msgr. Domenick J. Adessa P.E. Bulbtronics Mrs. Lilly Cortes Rev. Eugene F. Donnelly Ms. Mona Georges Mr. Gregg T. Kane AFI Partners The Buono Family Miss Louise Cortese Mr. and Mrs. Richard Dorman Geremia Financial Services, LLC Gerard and Janet Kassar Mrs. Hannah A’Hearn The Anne M. Bush Family Ms. Gloria Corujo Mr. Albert G. Doumar Mrs. Vivian Gibney Kayco Construction Corp. Mr. and Mrs. Louis Aidala Mrs. Helen Butigian Mr. Anthony Coscia Mr. and Mrs. Thomas Dowd Rev. Jamie J. Gigantiello Mr. Thomas Kearns Mr. Erik Akhund Mr. and Mrs. Denis J. Butler Mrs. Denise A. Cosentini Sister Bernadette Downes C.S.J. Mr. John J. Gilhooly Mr. Martin Keating Dr. and Mrs. Mario J. Albertini Mr. Joseph Butler Ms. Marion Cosgrove Mr. Daniel Doyle Mr. Bartholomew Gioiosi Mr. and Mrs. Frank and Miss Anna M. Albrecht Mr. and Mrs. Marlin B. Byrne Mr. and Mrs. Martin and Kathleen Mr. Vincent Dragone Mr. and Mrs. John Giordano Alice Keating Ms. Monica Alferman Mr. Lawrence P. Byrne Cottingham Miss Mary L. Driscoll Ms. Julie Giove Mrs. Gloria Keller Jim Allison Mr. and Mrs. Albert Cabot Cousin John’s Café, Inc. Mr. B.J. Duffy Miss Catherine Glover Mr. James F. Kelly Mr. and Mrs. John P. Amato Ms. Claudia Caine Mr. and Mrs. Michael Crane Ms. Rita Dumser Mrs. Maureen Moore and Mr. James Kennelly Deacon and Mrs. Bryan J. Amore Calakar Construction Miss Maria Crifasi Miss Claire Dunne Mr. Robert C. Golden Kennelly Development Company, Sister Jean Amore Carol Calhun, Esq. Brother Dennis Cronin Mr. Thomas J. Dunne Sen. and Mrs. Martin Golden LLC Mr. and Mrs. Tal Anderson Rev. Msgr. Joseph P. Calise Mr. and Mrs. Donald Cronin Sister Anne Ebersold Mr. and Mrs. Howard Goldstein Dr. Maryellen J. Keogh Mr. and Mrs. Francois Andre Mrs. Ann Callaghan Mrs. Dorothea Cronin Mrs. Lucy V. Eckardt Judge and Mrs. Joseph Golia Mr. Gerard Keogh Ms. Mary E. Angelico Mr. and Mrs. Peter Campanile Mrs. Stacey Cronin Mr. and Mrs. Thomas Edwards Mr. and Mrs. Ramon Gomez Keogh Family Mr. and Mrs. Edward Antonio Ms. Gloria Campbell Cross County Telephone Systems Mrs. Blanche Edwards Good Shepherd Ms. Mary E. Keoughan Mrs. Bernadette Appah Mr. and Mrs. Walter Campbell John Sean Crowley, Esq. Mr. Bernard Eiber Esq. Ms. Mary Anne Granata Ms. Tecla M. Kern Approved Oil Co. of Brooklyn, Inc. Mr. Rafael Campos-Gatjens II Ms. Jessie A. Crowley Mr. William A. Eichhorn, Jr. Grand Hyatt NY Mr. Rodolphe Khoriaty Mr. and Mrs. Edward P. Aquilone Mr. and Mrs. Roger G. Canal Mr. and Mrs. Vincent Cuccia Blessed Sacrament Elementary Mr. Thomas Granite Mr. Edward Killip Archbishop Molloy High School Mr. and Mrs. Peter Cangialosi Mr. School Ms. Thelma Greaves Hawkins Mr. and Mrs. John Kimball Ms. Lynette Archer Capital Craftsman, Inc. Cullen and Dykman, LLP Mr. Richard Ely Ms. Judith M. Grech Kimball Construction Co., Inc. Mr. and Mrs. Peter Ariola Capital One Bank Most Reverend Thomas V. Daily Mr. Paul Engelhart Mr. and Mrs. Aloysius and Bridie Mr. Timothy King Sister Yvette Arnold Drs. Michael and Teresa Mr. Jim Dale Ms. Noreen English Grogan Sister Janet Kinney Assumption of the Blessed Capobianco and Trimarco Ms. Jacqueline Dalton Miss Margaret Enright Ms. Marsha Gruen Mr. William Kissane, Sr. Virgin Mary Ms. Carol Cappiello Mr. Michael Daly Epsilon Data Management Guardian Angel Mr. Frank Klich Mr. and Mrs. Scott and Carolyn Ms. Mary Carbone Ms. Rita Damato Ms. Michele Esposito Mr. and Mrs. Philip C. Guarrera, Jr. Mrs. Helen Kornblatt Atwood Mr. and Mrs. Peter Cardone Damascus Bakery Estate of Thomas P. O’Neill Ms. Ann C. Gubiotti Mrs. Alice Kourt Mr. and Mrs. Robert Aufenanger Ms. Jeanmarie Carey Mr. Anthony D’Ambrosio Dr. Leslie Faerstein Mr. and Mrs. Harry F. Gunn Mr. Jeffrey Kraus Mrs. Nancy Azzaro Mr. and Mrs. Carmine Carriero Mr. and Mrs. Peter Damiani Ms. Theresa Falcicchio Mrs. Virginia Haggerty Ms. Denise Krol Ms. Gwen Babbitt Mrs. Edna T. Casaccio Prof. Joan D’Andrea Mr. Chris Falco Ms. Noreen J. Haggerty Rev. Msgr. Raymond W. Kutner Ms. Josephine Baglino Mrs. Theresa Casazza Daniel P. & Grace Tully Foundation The Mulvaney Family Foundation Mr. and Mrs. John Hallinan Mr. Frank La Ferlita Mr. and Mrs. William Bailey Rev. Msgr. David L. Cassato Dank Landscape Contractors, Inc. Mr. and Mrs. James F. Farrell Mr. and Mrs. Paul Halvatzis Mr. and Mrs. Peter Labbat Mr. and Mrs. Robert W. Bala Rev. Thomas Catania Ms. Emma A. Daniels Mr. and Mrs. Joseph H. Farrell Mr. and Mrs. Anthony Harde Ladies of St. Mary’s Ms. Julia Bambina Cathedral Preparatory Seminary Mr. and Mrs. Robert Daniels Mr. and Mrs. Thomas Farrell Ms. Elizabeth Harkin Mr. and Mrs. Alex and Hildemarie Michael K. Banach Catholic Cemeteries Mr. Dan Dankenbrink Rev. Dennis J. Farrell Mr. and Mrs. Charles P. Harkins III Ladouceur Bank of New York Catholic Cemetery Guild Miss Caroline D’Antuono Ms. Leslie Fauste Mr. Gerald G. Harring Lane’s Floor Coverings & Mr. John Barnwell Catholic Charities Dr. and Mrs. Nicholas D’Arienzo Mr. and Mrs. Richard Femia Mr. and Mrs. Lester Harrison Interiors, Inc. Deacon and Mrs. Julio C. Catholicgiving.com Mr. Francis D’Avria Mr. and Mrs. Carl J. Ferraro Mr. and Mrs. William Haslop Rev. Wlodzimierz Las S.D.S. Barreneche Ms. Margaret Cavanaugh Mr. and Mrs. Charles De Benedittis Ms. Erika Ferrentino Mr. and Mrs. Rene and Thelma Mr. Vincent Lasala Mr. and Dr. John and Catherine Chadwick’s Restaurant Ms. Vivienne De Felippo Mr. and Mrs. Matthew Fitzgerald Hawkins Mr. Thomas Lawler Barton Dr. Thomas Chadzutko De La Salle Christian Brothers Mr. and Mrs. William P. Fitzgerald Mr. Edward Hazel Mr. and Mrs. Edward Leahy Ms. Helen B. Bauer Changing Our World, Inc. Mr. and Mrs. Ramon De Los Reyes Mrs. Eileen Fitzgerald Rev. Thomas J. Healy Joyce Leibowitz Ms. Josephine Bauer Dr. and Dr. G. D. and Miss Lucille De Marinis Ms. Rosemary Fletcher Mrs. Mary Heaney Larry J. Leibowitz Mr. Clifford Baumann G. M. Chapey Mr. and Mrs. Alfonso L. De Matteis Flood and Doyle Families Miss Mary A. Heenan Mrs. Gertrude Leman Baumann, Dennis & Hochuli, LLP Mr. and Mrs. Ting Cheung Matthews International Bronze Florence Mauboles Charitable Trust Mr. Edward Hefferer Mr. and Mrs. J. J. Lesko Kelley Baxter Mr. and Mrs. Frank Chiarchiaro Mr. and Mrs. Frank De Nave Ms. Patricia Flynn Ms. Iva Hermus Ms. Emily Levy Bear Stearns & Co. Mrs. Constance Chille Ms. Denise De Rosa Miss Rosemary Flynn Mr. Albert E. Heurich Mr. and Mrs. Santino and Ms. Claudette Bellevue Mr. and Mrs. Ernest Chirichella Ms. Georgianna De Rosa Mr. and Mrs. Stephen Flynn Mr. and Mrs. James Higgins Michael Liberto Dr. Gaetano Bello Christ The King Mr. and Mrs. Joseph De Sabato Mrs. Sue Ann Flynn Mrs. Lillian M. Higgins Mr. and Mrs. Joseph and Kathryn Mr. and Mrs. Roy Berthiaume Frank and Annette Ciolli Ms. Marilyn De Vito Ms. Jennifer Flynn Ms. Margaret Hock Licata Mr. and Mrs. Joseph Bikar Ms. Margaret Clancy Mr. and Mrs. Richard De Zego Miss Agnes Ford Dr. George J. Hoffman Mr. Arnold Lionel Ms. Marcella Bikar Ms. Mary Higgins Clark Mr. Joseph DeBonis Mr. and Mrs. Orlando Francis Mr. William Hogan Mr. and Mrs. Miguel Liriano Bishop Loughlin High School Ms. Dorothy Clarke Mr. Roger DeBonis Frederick Funeral Home Mr. James Hogan Ms. Marie Lobosco Mr. and Mrs. James F. Bittel Cobble Hill Financial Services, Inc. Mr. and Mrs. Russell DeBonis Franciscan Friars Holy Child Jesus Local Union 638 Steamfitters Blessed Sacrament Mr. and Mrs. Joseph Codispoti Dr. Joann M. DeLeonibus The Franciscan Missionary Brothers Holy Child Jesus School Ms. Susan Loftus Mr. and Mrs. Peter Blum Coffey Contracting, Inc. Mr. and Mrs. Ted and Maureen Ms. Mary Franzetti and Dr. Louis Holy Family Mr. and Mrs. Michael Lomonaco Mrs. Graceann M. Blum Cofraternity of the Precious Blood DeMarinis Franzetti Holy Name Foundation Hon. and Mrs. Michael Long Ms. Danielle Blum Wells Rev. Msgr. Celsus Collini P.E. Ms. Margaret Dematteis Mr. Jack P. Franzetti Holy Union Sisters Louis Koch Insurance Mr. and Mrs. Gaetano Boccio Mr. Larry Collins Mr. Michael V. DeMola Miss Joyce Freddo Mrs. Gloria Brait Hope Dr. Elizabeth Lutas Rev. Msgr. Charles P. Boccio Mr. and Mrs. Stephen Comando Mr. and Mrs. Robert E. Dempsey Frederick Funeral Home, Inc. Ms. Anna Horai Lutheran Augustana Center Mr. and Mr. Alexander and Robert Mrs. Mary D. Comer Miss Marie DePalo Mr. and Mrs. Charles W. Mr. and Mrs. James Horan for Extended Care and Boehler Commerce Bank Ms. Bernice D’Eramo Fredericks Mrs. Toni Horun Rehabilitation Mr. and Mrs. Christopher Boles Community Counselling Service Dime Savings Bank of Miss Elena J. Frevola Mrs. Sylvia Hudson Lutheran Healthcare Mr. and Mrs. John Borek (CCS) Williamsburgh Miss Grace Frey Mr. Richard J. Hughes Mr. and Mrs. Brian and Patricia Ms. Marion D. Boteju Community Preservation Mr. and Mrs. John H. Di Veglio, Jr. Miss Doris Freyland HSBC Lynch Mr. and Mrs. Michael E. Boutross Corporation Mr. Frank Di Vito Mr. David Frisby Miss Mary P. Hume Mr. James Lynch Boutross Imports Compostela Fund Mr. Peter Diaz Ms. Eugene T. Frost IABS Charities Inc. Mrs. Maureen A. Lynch Mr. and Mrs. Joseph Bova Dr. and Mrs. Philip Composto Most Reverend Nicholas Ms. Herta C. Fuchs Mr. Herbert H. Ihl M. J. Smith Sons John and Patricia Boyle Mr. and Mrs. Thomas F. DiMarzio, Ph.D., D.D. Rev. Msgr. Joseph A. Funaro Miss Dorothea Ilchert Mr. Thomas Machalski Jr. Rev. Msgr. John J. Bracken Concannon Diocesan Food Services Eileen Gaffney Mr. and Mrs. Edward Mafoud Mr. and Mrs. Donald Bradley Mr. and Mrs. Nelson Conde Mr. Andrew Diorio Mr. Vincent Galantino Immaculate Heart of Mary Sister Virginia Maguire O.P. Ms. Anita Brann Mr. Patrick Condren Mr. and Mrs. Frank Dito Deacon and Mrs. Stanley J. Galazin Incarnation Mr. Thomas Mahoney Mr. Steve Bridge Confraternity of the Precious Blood Hon. and Mrs. Cosmo J. DiTucci Ms. Helen Galchus Institutional Services Mr. Keith Maley Bridge Pharmacy Congregation of the Mission Mr. and Mrs. Thomas P. Dobbins Miss Alice L. Gannon Mr. and Mrs. Harry Itoka Mr. and Mrs. Charles Mangiaracina Briguglio Consuting Group Mr. and Mrs. Thomas Connolly Stephen Dodson Mr. and Mrs. Paul Gannon Mr. Douglas Jameson Mrs. Ann T. Mara Brooklyn Redemptorist Mrs. Laurie Connors Ms. Ann Dolan Sister Angela Gannon, C.S.J. Dr. Aida T. Jocson Mr. and Mrs. Salvatore Marconi Mrs. Margaret Brosnan Nancy J. Connors Mrs. James P. Dolan Mr. and Mrs. George Garbarini Dr. Ernesto Jocson Mr. and Mrs. Kent Martin Rev. Thomas F. Brosnan Ms. Mary Donderewicz Garguilo’s Restaurant Ms. Helene M. Johnson Martin A. Gleason Funeral Home

14 Journey of Hope Renewing Reinforcing Revitalizing Hope Builders

Mary Queen Of Heaven Nassau Suffolk Turf Services, Inc. Mr. Rocco Papandrea and Mrs. Ms. Isabel Ryan St. Patrick—Brooklyn Unity Electric Co., Inc. Massey Knakal Realty Services Mr. Charles Nastro Danielle Donello-Papandrea Robert Rymers St. Peter—St. Paul Unity International Group Mr. and Mrs. Fred Mastromarino Judge Daniel Nastro Sister Letizia Pappalardo, R.S.H.M. Mr. and Mrs. Frank and Marie St. School Ursuline Sisters of Tildonk Mr. and Mrs. Joseph and Nativo LLC Miss Christine Parise Salviolo St. Rosalia—Regina Pacis Mr. and Mrs. Raymond A. Valdes Mary Ann Mattone Mrs. Ellen Nelson Mr. and Mrs. Morris Pasqual Araeely Sandoval St. Rose of Lima Mr. Louis V. Varone Mr. and Mrs. Joseph Mattone, Jr. Sr. Carmel Nerette Patcon Associates, Ltd. Mr. Tom Santillo St. Rose of Lima School Mrs. Mary Vavruska Ms. Diane May New York Community Bank Misses Lucille and Angela Patinella Mrs. Catherine Santonas St. Saviour Rev. Msgr. Perfecto Vazquez Miss Mary Jane McCabe New York Life Insurance Company Mr. and Mrs. Manuel Patino Mr. Francis E. Sardinha St. Sebastian Mrs. Virginia Vespe Miss Margaret McCarthy Mr. and Mrs. and Mrs. Leo and Mr. and Mrs. Brian Payne Ms. Lynne M. Savage St. Sebastian School Victoria Restoration Corp. Mr. and Mrs. Timothy McCarthy Angela Newball Ms. Rina Pedretti Mr. Leonard Scaglione St. Stanislaus Kostka School Visitation of the Blessed Virgin Mr. and Mrs. George and Mary Mr. and Mrs. Vincent Niceforo Mrs. Janice Peretti Ms. Susan Scaglione —Brooklyn Mary Jane McCartney Anthony and Elaine Nicodemo Rev. Michael A. Perry Sister Jane Ann Scanlon CND St. Teresa of Avila Mrs. Monica M. Vlkovic Kathleen M. McCormack, Esq. Mr. and Mrs. Theodore Nirde Ms. Donna Petrowski Ms. Joann Scaturro St. Therese of Lisieux Miss Rose Volpe Mr. Joseph McCort Miss Annette Nolan Mr. and Mrs. Francis Pettersen The Scaturro Family St. Therese of Lisieux School Vypak Consulting Ms. Barbara Ann McDonald Mr. Edward F. Nolan Rev. Msgr. John T. Peyton Miss Mary C. Scheer St. Vincent DePaul Society of Mrs. Catherine J. Wallace Mr. Vincent McDonald Mrs. Margaret Nolty Mr. and Mrs. James M. Pfohl Mr. Raymond Scheer St. Luke Parish Ms. Catherine M. Walsh Miss Arlene McDonnell Rev. Msgr. Kevin B. Noone Mrs. Ann Pfohl Kirby Ms. Rose Ann Schneck St. Virgilius Rev. Michael J. Walsh Mr. John McDonnell Northfork Bank Mr. and Mrs. Daniel Phelan Mrs. Mary Schneider Mr. and Mrs. George and Connie Mr. John C. Walton Ms. Bettyanne M. McDonough Ms. Cathleen Norton Rev. Msgr. Michael J. Phillips Mr. Gerard Schultz Stamatiades Ms. Sheila P. Ward Ms. Bernadette McDougall Mrs. Josefina Nover Mr. and Mrs. Peter Piccininni Mr. and Mrs. Peter Scimone Mr. and Mrs. Paul T. Stapleton, Sr. Ms. Betty R. Weil Ms. Marguerite McGaughey Ms. Anne O’Brien Mrs. Margaret Pillsey Lael French Scott Esq. Mr. and Mrs. Carlos Stewart Mr. Jaime Weiss Mr. and Mrs. Douglas McGetrick Ms. Julianna O’Brien Mr. Dominick Piro Ms. Michele Scotto Strategic Fundraising Consultants Weiss Realty Co., Inc. Miss Jane Ann McGettrick Sister Mary Suzanne O’Carm Mrs. Vincent L. Pitaro Mr. Thomas G. Seccia Mr. Sal Stratis The Wesley Family Rev. Sean McGillicuddy Ocean Janitorial Supply Inc. Mr. and Mrs. Philip Plasencia Mr. David Shannon Mr. Peter T. Striano Rev. Msgr. Edward V. Wetterer Mrs. Edith McGlynn Miss Theresa O’Connell Ms. Geraldine Pograniczny David Shannon Florist, Inc. Miss Anna R. Sullivan Mr. William White Esq. Ms. Elizabeth McGlynn O’Connor Davies Munns & Porter House New York Dr. James Sheehan Most Reverend Joseph M. White, Quinlan, & Stanley, L.L.P. Mr. and Mrs. Desmond F. Dobbins, LLP Mr. and Mrs. Thomas E. Powers Miss Frances E. Sidlo Sullivan, D.D. Ms. Donna Whiteford McGowan Mr. John O’Dea Avi Pradhan Signature Bank Mr. John J. Sullivan Mr. and Mrs. Robert Whiteford Mr. and Mrs. John McGrath Ms. Gail O’Donovan Pratt Brothers Mr. and Mrs. Richard and Sarah Ms. Margaret Sullivan Ms. Virginia Whitty Miss Lucy C. McGuirk Ms. Ann Oestreicher Mr. and Mrs. George Prezioso Simpson Ms. Rosemary Sullivan Mr. and Mrs. Michael Wierzbicki Rev. Msgr. John A. McGuirl Brian O’Leary Ms. Claire Provenzano Miss Marion A. Sinnott Sister Bernadette Sullivan, SUSC Mr. Brett Wierzbicki Very Rev. Thomas McKenna C.M. Mr. and Mrs. John O’Leary Providence House Sisters of Mercy of the Americas Office of the Superintendent Mr. and Mrs. Charles Williams Miss Mary Lou McLaughlin Mr. and Mrs. Joseph Oliva Prudential Financial Sisters Of St. Joseph C.S.J. Catholic Schools Support Ms. Patricia M. Wilson-Pawlak McLaughlin & Sons Funeral Home Ms. Barbara Olownia Mrs. Annemarie Prudhomme Cox Sisters of the Good Shepherd Services Wingate, Kearney & Cullen Miss Lorraine McMahon Mr. Alessandro Olsson Mary L. Puma Susan M. Skinner Mrs. Marilyn Swatuck Mr. and Mrs. Thomas Wise Mr. Frederick McNicholl Miss Mary P. O’Meara Mrs. Mary Purcell Mr. and Mrs. Frank and Ann Miss Rita A. Sweeney Ms. Mary L. Wolfe Ms. Frances McPartland O’Meara, Ferguson, Whelan and Mr. and Mrs. Peter Purpura Slattery Mrs. Bridie Sweeney Sister Mary Denis Woods Mr. and Mrs. Fred McPhilliamy Conway Ms. Loretta Pye Mr. Stanley Slomka Sylvan & Ann Oestreicher Mr. and Mrs. Van C. Wright Mr. and Mrs. Charles B. McQuade Miss Eleanor O’Neill Queen of All Mr. and Mrs. William Smith Foundation, Inc. Rev. John S. Wtulich Ms. Lucy C. McQuirk Miss Marian O’Neill Queen of Angels Mrs. Delores Smith Tablet Publishing Co. Xaverian High School Vincent and Regina McShane Mrs. Rosemarie O’Neill Queen of Peace Mrs. Margery Sneddon Miss Alice Tahaney Mr. and Mrs. Paul Xuereb Ridge Ms. Arlene P. Orent Mrs. Lynn Quigley Mr. and Mrs. Edward Sniadecki Sister Catherine Talia OSU Ms. Theresa H. Yang Mr. Brian Meara Mr. Eugene P. O’Rourke Miss Greta Rafferty Our Lady Of Sorrows School Ms. Joan Tammany Mrs. Louise Young Megan Electrical Enterprises Ms. Jean O’Shea Mr. Brendan J. Raftery Mr. George Spall Mr. Derick Taylor Mr. and Mrs. Bernard Zablocki Mr. Robert Mele The O’Shea McGroary Family Mr. Eugene Rainis Mrs. Rosalie Spielvogel Raymond and Mary Teatum Dr. Robert Zaloom Miss Anne Menton Mr. and Mrs. M. O’Sullivan Ms. Georgiana Reese Ms. Nancy Spudic The Children’s Scholarship Fund Mrs. Patricia Zampella Miss Mary Menton Our Lady of Angels Mr. and Mrs. Lawrence F. Reilly St. Anselm The Community Preservation Ms. Virginia A. Zangari Merlet and Graver Families Our Lady of Consolation Rita and Joan Reilly St. Corporation Mrs. Kimberly T. Ziganto Sister Tiziana Merletti Our Lady of Grace School Arturo Rescigno St. Athanasius The Gray Of The Sacred Zraick, Nahas & Rich, Esqs. Dr. Lina Merlino —Brooklyn Resource Services, Inc. (RSI) Ms. Elisabeth St. B. McCarthy Esq. Heart Mr. and Mrs. Domenico F. Zuzzi Merrill Lynch & Company, Inc. Our Lady of Hope Ms. Mercedes Reyes St. Bernadette Miss Frances G. Thomas Mr. and Mrs. Theodore C. Metzing Our Lady of Lourdes School Mr. and Mrs. Thomas Rice St. Bernadette School Mr. Tom Thompson Michael Deluca Funeral Home Our Lady of Miracles Mr. Robert Paul Rich St. Bernard Mrs. Jannie Thompson Miss Helen Migliorini Our Lady of Mount Carmel Richmond County Savings St. Boniface Ms. Mary Thompson Miss Grace Minerva Our Lady of Perpetual Help Foundation St. Finbar School Miss Barbara Tierney Mr. Steve Minozzi —Brooklyn Mr. Carmine F. Rispoli St. Francis College Ms. Linda Timmons Mr. John Mitchell Our Lady of Perpetual Help Deacon and Mrs. Frederick V. St. Francis De Sales Sister M. Paulette Tirone, FSSJ Mrs. Lena Moccia —Queens Ritchie St. Francis Friary and Family Ms. Grace Molero Our Lady of Perpetual Help School Ms. Nina Riti St. School Mr. Kevin Tonkin Rev. Kevin Moley C.Ss.R. —Queens Ms. Claire Roberto St. Francis Of Paola Dr. and Mrs. Robert Tornambe Mr. Sal Monaco Our Lady of Sorrows Mr. John F. Roche St. School Mr. and Mrs. Gerald Tortorella Mr. and Mrs. Michael J. Monahan Our Lady of Sorrows School Ms. Joanne Rochon St. Helen Towers Perrin Bob Monte Our Lady of the Angelus Mrs. Michelina Rodeschini St. James Cathedral Ms. Patricia Trace Monte Bros. Sound System Our Lady of the Blessed Sacrament Rev. Robin E. Rodriguez C.M. St. Dr. Ellen K. Tracey Ms. Dorothea Monteleone Our Lady of the Blessed Sacrament Mr. and Mrs. Vincent and Susan St. John’s University Trans Video Communications, Inc. Dr. Denis W. Moore School Rohan St. Joseph—Jamaica Miss Margaret Treacy Mrs. Walter Moran Our Lady of the Miraculous Medal Rev. Msgr. Robert J. Romano St. Joseph—Long Island City Mrs. Elizabeth Treiling Mr. Gerry Morris Our Lady of the Presentation Mr. and Mrs. Romanzo St. Joseph’s College Mr. and Mrs. Antonio Trigo Mrs. Juliann Morrison Our Lady of the Snows Mr. Michael Romersa St. Kevin Trinity Fund Raising Consultants Most Precious Blood Our Lady of the Snows School Roosevelt Savings Bank St. Leo Mr. and Mrs. Salvatore Trollo Most Precious Blood School Our Space Mr. and Mrs. Hipolito Rosario St. Leo School Mrs. Veronica Tsang —Brooklyn Ozanam Hall of Queens Nursing Mr. David Rose St. Luke Mr. and Mrs. Daniel Tubridy Mr. Lawrence Moyse Home Miss Helen J. Ross St. Margaret Mr. and Mrs. John Tubridy Mullen Construction Company P. Damiani & Sons, Inc. Mr. Joseph Rothman St. Mark Mr. and Mrs. Michael Tubridy Musicians on Call Dr. and Mrs. Vincent Pacella Ms. Susan Rothman St. Martin of Tours Ms. Mary Jane Tunny Mulvaney Family Foundation Mr. Vincent Palagiano Ms. Peggy Rothman St. Mary Gate Of Heaven Miss Lynne C. Tuohy Mr. and Mrs. A. Raymond Mrs. Joan Palisi Miss Michele Routhier St. Mary Mother of Jesus School Miss Patricia M. Tuohy Muratore Mr. and Mrs. Arthur and Elsie Ruotolo Associates Inc. —St. Frances Cabrini Academy Ms. Kara Tubridy Mr. and Mrs. Robert Murphy Pallotta Clifford and Marie Russell St. Matthias School Ms. Katherine Twyford Mrs. Margaret Murphy Mr. and Mrs. Francis Pallotta Mrs. Adrienne Russell St. Michael Mrs. E. Beverly Tynion Mutual of America Mrs. Lucrecia C. Panlilio Mr. Vincent Russo St. Michael School (ENY) Type-A-Line Inc. Ms. Donna Narducci Mr. Alfred S. Pantaleone Ms. Dorothy Ryan St. Pancras Miss Anne Uhl

15 Statements of Financial Position

December 31, 2007 Assets Cash and cash equivalents $ 542,615 Marketable securities 79,295,569 $ 79,838,184

Liabilities and Net Assets Liabilities Grants payable $ 2,411,976 Net Assets Temporarily restricted 32,566,939 Permanently restricted 44,859,269 Total Net Assets 77,426,208 $ 79,838,184 See notes to financial statements

Statements of Activities 2007 Temporarily Permanently Year Ended December 31, Unrestricted Restricted Restricted Total Revenue and Support Dividends and interest $ — $ 2,474,836 $ — $ 2,474,836 Net unrealized and realized gains on investments — 4,295,898 — 4,295,898 Contributions — 1,751,244 785,080 2,536,324 Fundraising event net of $154,310 and $103,184 of expenses — 306,358 — 306,358 Net assets released from restriction 6,155,847 (6,155,847) — — Total Revenue and Support 6,155,847 2,672,489 785,080 9,613,416

Expenses Grants 5,162,087 — — 5,162,087 Professional fees Investment management 981,760 — — 981,760 Other 12,000 — — 12,000 Total Professional Fees 993,760 — — 993,760 Total Expenses 6,155,847 — — 6,155,847 Change in Net Assets Before Transfers — 2,672,489 785,080 3,457,569 Transfers from other Diocesan organizations — — 3,370,815 3,370,815 Change in Net Assets — 2,672,489 4,155,895 6,828,384

Net Assets Beginning of year — 29,894,450 40,703,374 70,597,824 End of year $ — $ 32,566,939 $ 44,859,269 $ 77,426,208

16 Journey of Hope Renewing Reinforcing Revitalizing An appointed Board of Directors governs the Alive in Hope Foundation. As representatives of both clerical and lay communities, these Catholic leaders come from parishes and services in the Diocese of Brooklyn. The Board directs its efforts to the sound stewardship of resources under the spiritual guidance and leadership of Bishop Nicholas DiMarzio. Grants are reviewed, and recommendations made by appointed review committees. Finances are managed and monitored with counsel from professional investment advisors. Assets are invested in socially and morally responsible funds that do not conflict with Church teachings.

Chairman Archbishop McEntegart Fund Bishop John Loughlin Fund Reverend Monsignor Review Committee Review Committee John J. Bracken Ms. Theresa Attianese Mr. Michael Cibelli Dr. Thomas Chadzutko Rev. Jeffry Dillon Board of Directors William Clifford Dr. Philip Franco Danielle M. Donello-Papandrea Mrs. Kathy Concannon-Cuddihy Msgr. Otto Garcia Director, Training & Development Ms. Kathleen Cottingham Mr. Patrick Turner Merrill Lynch Mrs. Linda Dougherty Joseph Geoghan, Esq. Frank Galligan Parish Capital Needs Fund Retired General Counsel for Msgr. Sean Ogle Review Committee Union Carbide Rev. Msgr. Martin T. Geraghty Pope John Paul II Fund Rev. Msgr. Thomas J. Healy Mary Jane McCartney Review Committee Rev. Msgr. Joseph P. Nagle Senior Vice President, Gas Operations Rev. Michael Carrano Rev. Msgr. Joseph A. Nugent Consolidated Edison Mr. Michael Cibelli Rev. Msgr. John O’Brien of New York, Inc. Sister Angela Gannon, SJ Gregory E. Ronan, Esq. Deacon Mike Moss Investment Managers Partner, Goddard and Ronan Mr. Theodore Musco Bank of America Susan Rohan Ms. Ellen Rhatigan Cadence Asset Management Vice President Ms. Marilyn Santos Capstone Asset Management May Ellen and Gerald Ritter Cobble Hill Financial Services Foundation Estabrook Asset Management Franklin Templeton Staff Gabelli Asset Management, Inc. Thomas Flood Loomis Sayles & Company Executive Director Prudential Asset Management Marion Boteju Director of Operations and Programs Joseph Gonzales Database and Prospect As good stewards of God’s gifts we have the responsibility to Research Officer provide a solid foundation for our family, diocese, parishes, Dana Kallman Special Events Coordinator schools and special ministries not only today but tomorrow— Craig Katinas and beyond. Director of Philanthropic Giving Brett Wierzbicki Development Assistant Marija Wierzbicki Development Coordinator 310 Prospect Park West Brooklyn, NY 11215 www.aliveinhopefoundation.org (718) 965-7375