FALL 2017 VOLUME XXXI ISSUE 2
THE
v i s i t o u r w e b s i t e : www.catholicfoundation.com
Kevin Cardinal Farrell Coming Home to Dallas to Receive the 2018 Catholic Foundation Award
Prefect of the newly established Dicastery for I know he will enjoy seeing his legion of Dallas Laity, Family and Life in the Vatican. friends again,” said Mike Corboy, Advisory “The Catholic Foundation Award honors Council member and recipient of the 2005 an individual or couple for distinguished service Catholic Foundation Award. “Cardinal Farrell and support to further the religious, charitable rejuvenated the Diocese in many ways while and educational needs within our Diocese. building a team of talented professionals to We are honored and humbled that Cardinal continue the momentum he established.” Farrell will accept this award in 2018, and plans Cardinal Farrell was appointed the seventh are in works for a fantastic event to convey our Bishop of the Roman Catholic Diocese of Dallas gratitude,” said Matt Kramer, president and by Pope Benedict XVI and installed at the CEO of The Catholic Foundation. Cathedral Shrine of the Virgin of Guadalupe in Cardinal Farrell will travel to Dallas for Dallas on May 1, 2007. The Catholic Foundation Award Dinner on “My favorite memory of then Bishop evin Cardinal Farrell has been named Saturday, Feb. 3, 2018, at the Hilton Anatole. Farrell was the day I first met him shortly after the 36th Catholic Foundation Award “I believe Cardinal Farrell is coming home he arrived in Dallas,” said Mike. “He showed honoree in recognition of his K to receive The Catholic Foundation Award up totally unannounced to participate in the monumental impacts and servant leadership for because of the great respect he developed for funeral mass for Sister Pauline Mullen, a the Catholic community and the entire Dallas The Catholic Foundation when he saw first- wonderful Irish nun, after reading her obituary. area during his time as Bishop of the Catholic hand the good work they were doing. Plus, Classic Bishop Farrell!” Diocese of Dallas. He is currently serving as (continued on page 4)
THE PRESIDENT’S LETTER need such as these. Many generous donors recommended grants from their charitable funds at The Catholic Foundation to various different Hurricanes Harvey, Irma and Maria brutally charities supporting the urgent needs of the disaster victims. disrupted, displaced and destroyed many lives Additionally, at the September Board of Trustees meeting, the in August and September, while earthquakes Trustees recommended and approved a $100,000 emergency grant to in Mexico and wildfires in California also Catholic Charities of Dallas to help support the victims of Hurricane impacted many lives, businesses and property. Harvey. The Foundation staff also felt passionately about helping Although the winds and rains have subsided, their fellow brothers and sisters and recommended a grant from the process of rebuilding or relocating is just beginning. The Catholic Foundation Employee Fund to aid in the relief efforts. We have witnessed time and again many charitably-minded Our prayers go out to all the victims and their families, the brave Americans just like you who have come together in great times of first responders and all those involved in the rebuilding of so many lives and property. Finally, as always, we want to say thank you, to all our donors, for your continued commitment and generosity to those “Hope is being able to see that there is light despite in need. \ all of the darkness.” –Desmond Tutu J. Matthew Kramer A Strong F OUNDATION
k k business acumen in leading the first-ever Honoring a Diocesan capital campaign while revitalizing the school system with the comprehensive LEADER & FRIEND school survey are generational legacies,” said Rich. Lydia and Dan Novakov join Mary and Rich Dan and Lydia grew closer to Cardinal Templeton as co-chairs of the 2018 Catholic Farrell while working on the Our Faith… Foundation Award Dinner, which will honor Our Future Capital Campaign, which raised Presents Special Guest: Kevin Cardinal Farrell with the 36th Catholic much needed financial resources for Foundation Award on Saturday, February 3, the Diocese as a whole. Lydia said, “His Kyle Neilson, Vice President, 2018, at the Hilton Anatole Hotel. charisma, dedication and determination Evangelium Consulting Group “We are pleased to have Lydia, Dan, were in large part the reason for the success Mary and Rich lead this celebration of of this unprecedented campaign.” Cardinal Farrell and Catholic philanthropy,” Both couples shared how impressed said Cheryl Mansour, vice president of they were with Cardinal Farrell’s response development at The Catholic Foundation. to crises and needs and that his impact The Novakovs, both members of reached far beyond the Catholic community. The Catholic Foundation Advisory Council “Our proudest moment during Cardinal and Lydia a former trustee, accepted the Farrell’s tenure was his response to helping invitation to co-chair the Award Dinner the family exposed to the Ebola virus. He Committee because of their personal lives his faith, he doesn’t just preach it,” friendship with Cardinal Farrell, his strong said Mary. relationship with The Catholic Foundation Cardinal Farrell will travel to Dallas to during his time as Bishop, and the hope receive The Catholic Foundation Award. He and reconnection he brought to the local is currently serving as Prefect of the newly Catholic community. established Dicastery for Laity, Family and December 6, 2017 • 7:30am-10:15am “Rich and I were honored to be asked Life in the Vatican, making him the highest to co-chair the dinner with our good friends ranking American in the Vatican. the Novakovs. It gives us an opportunity to “We are excited with this opportunity ORGANIZATIONAL HEALTH: work together to recognize someone we both to thank Cardinal Farrell. God put him in The Missing (and Most love and admire,” said Mary, member of Dallas for a reason. He embraced us, and we Important) Ingredient The Catholic Foundation Advisory Council embraced him. His leadership united and and recipient of the 2011 Catholic guided us to play an important role in the Organizations tend to focus on the Foundation Award. spiritual and moral life of our community,” “smart” disciplines: finance, Cardinal Farrell’s contributions as said Dan. marketing, technology, strategy, and Bishop to the Diocese yielded immeasurable Visit www.catholicfoundation.com programs. But what about their results. “Cardinal Farrell was a leader who to make table and individual reservations “health?” Kyle will explain how to rallied the greater Dallas community to be for the 2018 Catholic Foundation Award become a healthy organization and proud of our faith and community. His sharp Dinner. \ overcome politics, confusion, low morale and productivity, and negative turnover – all of which undermine the effectiveness of an organization’s “smarts;” and which often receive relatively little attention. Discover simple things you can do so that your people and mission thrive.
For more information please visit our website or RSVP to Mary Templeton with Mike Corboy Lydia and Dan Novakov [email protected].
2 Giving SPIRIT
Giving101 by Cheryl Unis Mansour, Vice President of Development
As we approach the end of the year donors tend to think about their end-of-year charitable giving to support their favorite charities. If you are over 70 ½ you can take advantage of a simple way to benefit the charities you care about and receive tax benefits in return by making a gift from your IRA. The following article is by Dave Folz, J.D., LL.M., Trust Counselor
EFFECTIVE CHARITABLE their taxable social security benefits, Medicare outright gift from one of these can avoid taxes “B” premiums, the 3.8% Medicare surtax on completely on the amount given to the charity. GIVING WITH YOUR IRA investment income, and/or reduce the loss of Other techniques such as a Charitable itemized deductions. Consult with your CPA or Remainder Trust can benefit both a charity and With federal income taxes in the United tax attorney to understand how this affects you your non-charitable beneficiaries. While these States starting at 25% for taxable income over personally. can bring substantial tax benefits, they are $37,950 for a single taxpayer (over $75,900 The check must be made payable to a complicated and should be thoroughly discussed for a married couple) and a federal estate tax public charity. Donor advised funds do not with a qualified estate planning attorney. bracket of 40%, we should make our charitable qualify. However, if the check were made out Dave Folz, J.D., LL.M., Trust Counselor giving as tax effective as we can. Imagine, to The Catholic Foundation, it could be directed LLC, www.trustcounselorllc.com. Dave was being able to give so much more or save more, to a specific cause within the Foundation. one of the earliest writers on IRAs, completing by making simple changes in the way you make The donor must get a letter from the charity his Master’s Thesis in 1982 and authoring an your annual or capital campaign gifts! indicating that the donor received no goods or AICPA course book in 1986 on the subject. What is the most tax effective lifetime charitable services in exchange for the gift. If you are considering this type of a gift call giving option? What is the most effective charitable giving your broker in the early part of December in order Individuals who are over 70 ½ have a wonderful, approach for an estate? to allow time to make the necessary transfers effective way to make gifts to charities. For those faced with estate taxes (estates and also work with the Foundation to plan what Annually a donation from their IRA, inherited greater than $5,490,000), the combined effect charity or charities you would like to support. IRA or inactive SEP IRA up to $100,000 to a of the federal estate and income taxes for funds If you should need assistance or have any public charity qualifies for this technique. in IRAs and qualified retirement plans can questions please call Cheryl Unis Mansour, The gift counts as part of the annual result in taxes 50% and higher. Individuals with Michael George or Mike Murray at The Catholic required distribution from the IRA and it is these large estates can be even more effective Foundation 972-661-9792. \ not includible in their taxable gross income. in their charitable giving by using their IRA, Depending on their tax bracket, it may reduce SEP IRA, and 401(k) and 403(b) plans. An
from The Catholic Foundation. As donors to the funds remaining in the Annuity after our deaths Foundation, Bill and Kasey found a charitable will help the Foundation give to needy causes gift annuity to be a perfect solution. Kasey through their Philanthropy Fund is another told us, “creating a Charitable Gift Annuity at reason we chose The Catholic Foundation. DONOR The Catholic Foundation was very beneficial for They represent everything we wanted in us – both personally and charitably.” helping us accomplish our goals…they are PROFILE A Charitable Gift Annuity is a contract trustworthy, and always available. You’re not between a donor and The Catholic Foundation. just a ‘number’ at The Catholic Foundation. The donor transfers cash, marketable securities It’s the ultimate win-win scenario.” Bill and Kasey Hollon or another valuable assets to the Foundation in To learn more about Charitable Gift n considering your estate plan, it isn’t always return for a partial income tax deduction and a Annuities and how we can help you create necessary to choose between your own needs lifetime stream of payments from The Catholic a charitable estate plan that also helps meet Iin retirement and supporting charitable Foundation. After you are gone, your generosity your personal objectives, call The Catholic causes important to you. When the objective is lives on by helping those in need through grants Foundation at 972-661-9792 or visit us at both providing for your future and supporting from our unrestricted Philanthropy Fund. www.catholicfoundation.com. \ a favorite cause, many individuals like Bill and “Not only does it help provide for our Kasey Hollon turn to Charitable Gift Annuities future,” Kasey adds, “but knowing that any
3 A LIGHT On
CONGRATULATIONS TO THE 2017-2018 JETHSUBY SCHOLARS
Texas Scottish Rite Hospital for Children was same – raising $1 million to be awarded in filled once again with the smiling faces of scholarships. Dr. Mauricio Delgado, director Kevin Cardinal Farrell Coming Home families and donors at the annual 2017 of neurology at Scottish Rite Hospital for to Dallas to Receive the 2018 Jethsuby Scholarship Dinner on Aug. 26. Like Children and professor of neurology at The Catholic Foundation Award the scholarship program itself, this incredibly University of Texas Southwestern Medical (continued from page 1) special evening honoring elementary students Center at Dallas, and his wife Maria, and their families has grown each year. This established and named The Jethsuby Alfredo Duarte, Trustee of year’s guest of honor was The Most Reverend Scholarship Fund in honor of one of his The Catholic Foundation Board, said, Gregory Kelly, Auxiliary Bishop of the patients, Jethsuby. A son of Mexican “Cardinal Farrell is a humble man and Diocese of Dallas. WFAA Anchor Cynthia immigrants, Jethsuby died at age 11 in a tragic very dedicated to education and the Izaguirre returned as the MC for the evening. motor vehicle accident. Catholic Foundation priesthood. He was a very strong Since the fund’s inception in December donors Dr. and Mrs. Delgado felt called to advocate and sensitive to the needs of 2009, The Jethsuby Scholarship Fund of help other deserving Hispanic children attend the Hispanic community. One of my The Catholic Foundation has helped 49 Catholic schools, and established this fund as favorite memories is when he sat at Hispanic children with their Catholic a vehicle to carry out that vision. our table at the Pro Life Dinner, he elementary school tuition. In 2016-2017 alone, The Jethsuby Scholarship Fund is just approached our table greeting us in the Jethsuby Scholarships helped 20 students one of the Scholarship Funds that have been Spanish.” with over $45,000 in tuition funding. The established by various donors at The Catholic After serving the Dallas community students are awarded a scholarship based on Foundation. for nearly a decade, he was appointed excellent academic performance, school and Do you have a passion for a project of by Pope Francis as Prefect of the newly community participation by the student and your own? We are happy to help you carry out established Dicastery for Laity, Family family as well as financial need as determined your own philanthropic vision through a fund and Life on Aug. 17, 2016. He was by the scholarship selection committee. at The Catholic Foundation, just give us a call installed as a Cardinal in 2016 and Support for this fund grows each year, at 972.661.9792. \ assigned to the church of San Guiliano and the ultimate goal of the fund remains the Martire in 2017. A large crowd is expected to celebrate Cardinal Farrell at the Feb. 3 Award Dinner, and reservations can be made at www.catholicfoundation.com. “Cardinal Farrell transformed individuals, schools, parishes, the Diocese and the entire North Texas area with his leadership as Bishop,” said Mary Terry, Board Trustee of The Catholic Foundation and recipient of the 2014 Catholic Foundation Award. “As a Trustee, I am thankful he is accepting The Catholic Foundation Award so we may express our appreciation for his dedication in elevating the Catholic community with better schools, renewed faith, stronger finances, and a coming together of Catholics from all across the Diocese.” \
Photo courtesy of Jethsuby Scholarship Fund and Catholic Brothers for Christ.
4
2017 LEGACY CIRCLE DINNER SEPTEMBER 26, 2017
1 3
1 Thank you to all our donors who made our 4 largest Legacy Circle Dinner in Foundation history so memorable. A special thanks to our guest speaker, Dr. Matthew Vereecke, Superintendent of Catholic Schools for the Diocese of Dallas, who shared updates and heartwarming stories about how Catholic schools in the Diocese are helped by many generous donors like ours. We are so grateful to honor those who have made a long term 2 commitment to The Catholic Foundation. 5
1 (L to R) Javier and Tere Creixell, Marti and Jim Burke, and Tom and Susan Stanzel 2 (L to R) Jerry and John Bradley with Bob Hoover 3 (L to R) Kathy and Kay Hogan with Ruth Hemmig 4 Drs. Elizabeth and Matthew Vereecke 5 Elizabeth Zipper and Mary Agnes Gilbert 6 (L to R) Dr. Mauricio and Maria Delgado and Drs. Monica Herrera and Jose Rivera
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11th Annual Professional Advisors Series for Estate and Wealth Management Professionals A reminder to Save the Date! The Catholic Foundation’s annual Advisors Series is scheduled for December 13th, 2017 at the Belo Mansion at 7:30am. This year we welcome Jonathan G. Blattmachr who will be presenting “Estate Planning in Politically Uncertain and Economically Turbulent Times-Why Clients Cannot Afford to Stop Planning.” Additional program and registration information can also be found on our website homepage www.CatholicFoundation.com.
THANK YOU TO OUR SPONSORS! PRESENTING SUPPORTING FRIENDS Gardere Wynne Sewell LLP Bisignano Harrison Neuhoff LLP Armanino Carter Financial Management CliftonLarsonAllen, LP Bank of Texas Wealth Management Frost Wealth Advisors Gruber Hail Johansen Shank LLP PATRON Locke Lord LLP Jackson Walker LLP Meadows, Collier, Reed, Cousins, LCG Associates Shamrock Asset Management, LLC Crouch & Ungerman, LLP Thompson & Knight Foundation Stoner, Albright & Company Robert M. Bertino, Jr./UBS Private Texas Capital Bank Wealth Management Tolleson Wealth Management
5 NON PROFIT ORGANIZATION U.S. POSTAGE PAID DALLAS, TX PERMIT NO. 2036 12222 Merit Drive, Suite 850 Dallas, TX 75251
Save the Dates 11th Annual Professional Advisors Series Wednesday, December 13, 2017 The rBelo Mansion 36th Annual Award Dinner Saturday, February 3, 2018
Hilton Anatole Hotel
Barbara J. Coffman J. Barbara Bob Montgomery Bob Keffler Bill Michael F. Terry F. Michael Reidy W. Thomas the Board of Trustees of Board the
of Chairman Former *
Thomas W. Codd, Jr.* Codd, W. Thomas J. Mitchell Miller Mitchell J. Jr. Hughes, V. Joseph Mary Templeton Mary Rasch C. Stephen
Raymond M. Chavez M. Raymond Thomas E. Merkel* E. Thomas Hartnett Will Rep. Timothy P. Tehan P. Timothy Jr. Ramirez, Ed
Luis D. Carrera D. Luis Jerry McElhatton Jerry Hartmann* P. Robin John L. Strauss* L. John Panza P. Nicholas
David A. Yost, CFP Yost, A. David
Karen M. Carney M. Karen John D. McConnell, M.D. McConnell, D. John Jr.* Hansen, M. Charles Marianne H. Staubach H. Marianne Ph.D. Orsak, C. Geoffrey
Mark Wischmeyer Mark
Al Cardenas, M.D. Cardenas, Al Sara Martineau Sara Haddad D. Michael Webb Sowden, Jr.* Sowden, Webb Orender Bill
Laura Fox Williamson Fox Laura
Regis W. Campfield W. Regis Colleen Martin Colleen Gruber Michael G. Bonnie Smith Bonnie O’Neal Dan
Joseph P. Wilbert, Jr.* Wilbert, P. Joseph
Jim Burnham Jim Nancy Cain Marcus Cain Nancy Jr. Grimes, John Raymond G. Smerge G. Raymond O’Meara P. Kevin
Max A. Wernick A. Max
Matthew Bowen Matthew Mangelsdorf* T.V. Frymire (Read) R. George April B. Slovensky B. April Oliver C. Mary
Tucean Webb Tucean
Fernando Blanco Fernando Michael F. Maguire F. Michael Fox Amy Deacon Denis G. Simon G. Denis Deacon Odom Dan
USN (Retired) USN
Santo Bisignano, Jr. Jr. Bisignano, Santo Brian Shivers Brian O’Brien Scot Madden Gail Flaherty Dan Walsh M. Patrick Admiral
Denny Beran Denny C. Gregory Shamoun Gregory C. O’Brien* J. Neil Lynch Michael Fisher J. Gregory Wm. Kim Wade Kim Wm.
Glen A. Bellinger Bellinger A. Glen Gwendolyn Satterthwaite Gwendolyn O’Brien* (Hugh) J. Hubert Longwell L. Norma Fechtel Charlie Frank Ventura Frank
Thomas F. August F. Thomas M. David Saller David M. Novakov P. Daniel Lastelick Jerry Doke John David L. Van Buskirk Van L. David
Dr. David Alameel David Dr. Joseph E. Saar E. Joseph Jr. Niemi, W. Albert Dr. Landry Scotty Dean Jo Mary Thomas C. Unis, Jr. Unis, C. Thomas
Lawrence Ackels, Jr. Ackels, Lawrence Andres Ruzo Andres Nealon Tom Lafayette (Lee) Leamon Curry Levy Michael J. Uhl J. Michael
Carol Atwell Ackels Atwell Carol Len C. Ruby* C. Len Murphy Terry Lacerte Joyce Curley M. Kevin Charles J. Tusa* J. Charles
Timothy P. Rooney P. Timothy Muck Randall III* Kuntz (Nick) N. Walter Crutcher Carolyn Wendy M. Traylor M. Wendy Chairman
Lydia Haggar Novakov Novakov Haggar Lydia Marcos G. Ronquillo G. Marcos Moore J. Thomas Kiser B. John Conrow Marlyn John M. (Mike) Thompson (Mike) M. John
Dwight Riskey Dwight Montoya Regina Keyes Margo Coleman M. Joseph Jere W. Thompson* W. Jere Advisory Council Advisory
Immediate Past Chairman Past Immediate
Kara Gehan Kara
Lattner P. Victoria [email protected]
Alfredo Duarte Alfredo
Michelle Vopni Michelle Officer Officer Development Senior
Dallas, TX 75251 TX Dallas,
Javier Creixell Javier
J.D. Murray, J. Michael Robert W. Thoele W. Robert
12222 Merit Drive, #850 Drive, Merit 12222
L. Bradley Camp Bradley L.
Mary D. Terry D. Mary Officer Development Senior
The Catholic Foundation Catholic The Most Rev. Edward J. Burns J. Edward Rev. Most
CFRE George, Michael R. James S. Ryan, III Ryan, S. James
Robert M. (Rob) Bertino, Jr. Bertino, (Rob) M. Robert
Aileen Pratt Aileen Chief Financial Officer Financial Chief be sent to: sent be
Robert H. Berg, CFP Berg, H. Robert
Carol P. McDonald, CPA McDonald, P. Carol
Joseph V. Popolo, Jr. Popolo, V. Joseph should comments or questions
Win Bell Win
J. Scott Moore Scott J. Any programs. and activities evelopment D of President Vice
Victor Arias, Jr. Arias, Victor
Cheryl Unis Mansour Unis Cheryl
about The Catholic Foundation’s Foundation’s Catholic The about G. Marc Lyons Marc G. www.catholicfoundation.com
information and news provide to Kathy Hoover Kathy President & CEO & President Chairman
or refer to: refer or 972-661-9792 call
J. Matthew Kramer Matthew J. Landon R. John
published is Word Good The Vince Hess Vince regarding the Foundation, please please Foundation, the regarding
Monica Herrera, M.D. Herrera, Monica information additional For The Good Word Good The ecutive Staff ecutive Ex Trustees of Board