STEWARDSHIP REPORT11/12 FOUNDATION of the ROMAN CATHOLIC D IOCESE of BUFFALO the Foundation of Your Faith
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STEWARDSHIP REPORT11/12 FOUNDATION OF THE ROMAN CATHOLIC D IOCESE OF BUFFALO The Foundation of Your Faith 29684_Stewardship.indd 1 12/12/12 1:34 PM 29684_Stewardship.indd 2 12/12/12 1:34 PM MISSION STATEMENT The Foundation of the Roman Catholic Diocese of Bualo, NY is a non-prot entity that acquires, administers, and distributes funds to benet the educational, religious, and charitable needs of the Catholic Diocese of Bualo. In partnership with the donor, the Foundation provides responsible and professional nancial management of funds while assisting donors in achieving their charitable and nancial goals. The Foundation protects and enhances this nancial commitment as it seeks to meet the ongoing and long-term nancial needs of the programs and services provided by the Diocese. The Foundation strives to encourage stewardship and philanthropy by providing a legal entity to accept and invest tax-advantaged gifts to be held in trust as a means to build permanent endowments that meet the needs of the Church and communities it serves, now and for all time, in accordance with Gospel values and the teachings of the Roman Catholic Church. The Foundation provides exible and advantageous ways for donors to support the work of the Church, help parishes, schools, and Catholic organizations understand the importance of providing for their long-term nancial needs, provide responsible and cost-eective nancial management of funds entrusted to us leading to long-term growth of assets, and annually distribute earnings in accordance with the Church’s priorities and the donor’s intent. PRUDENT PRACTICES The Foundation of the Roman Catholic Diocese of Bualo funds are managed within the general portfolio of the St. Joseph Investment Fund, Inc. and share in the gains and losses from investment activity. The portfolio provides socially responsible investments, is well diversied by asset class, and is managed by several professional independent managers. The Foundation’s Finance/Investment Committee works in collaboration with a larger Investment Advisory Committee, experienced in duciary responsibilities, and meets on a quarterly basis to monitor and assess investment performance. The committee is assisted by an independent investment consultant in evaluating manager performance. The nancial statements of The Foundation of the Roman Catholic Diocese of Bualo are fully audited by an independent rm and are presented annually to the Foundation’s Audit Committee and full Board of Trustees. 29684_Stewardship.indd 3 12/12/12 1:34 PM Table of Contents Message from the Bishop ............................................................................................................................................................Page 1 Message from the Vice-Chair & Executive Director .........................................................................Page 2 Board of Trustees ........................................................................................................................................................................................Page 3 Year in Review – Mission Successes ................................................................................................................Page 4-11 Education & Faith Formation ..........................................................................................................................................Page 4-5 Christ the King Seminary .......................................................................................................................................................Page 6-7 Pastoral Life & Ministry ...............................................................................................................................................................Page 8-9 Human Services ............................................................................................................................................................................Page 10-11 Year in Review – Funding Highlights ........................................................................................................Page 12-13 Making a Dierence Dinner ......................................................................................................................................Page 14-15 Students Helping Students ..................................................................................................................................................Page 16 Financial Statements........................................................................................................................................................................Page 17 Planned Giving Opportunities ........................................................................................................................................Page 18 How to Establish an Endowment Fund ...........................................................................................................Page 19 Pelican Society ...........................................................................................................................................................................................Page 20 Foundation Funds .....................................................................................................................................................................Page 21-23 29684_Stewardship.indd 4 12/18/12 5:22 PM 2011/2012 S TEWARDSHIP R EPORT Message from the Bishop Dear Friends in Christ, Since arriving as your Bishop, I have witnessed so many examples of area Catholics living out their faith in Jesus Christ, giving of their time, talents and treasures to further the mission of our Church. Clearly, our diocese is blessed with a strong foundation of support from which the ever-renewed vitality of our faith continues to spring forth. I am grateful to Bishop Edward U. Kmiec for the countless ways he helped strengthen the Foundation during his tenure in Bualo. While I present this 2011-2012 Stewardship Report for the Foundation of the Roman Catholic Diocese of Bualo, it serves as a tribute to Bishop Kmiec with inspiring stories of the faithful made possible this past year under his leadership. I also oer special thanks to our donors and volunteers, our Foundation trustees and sta. United in the One Body of Christ, we work together to educate, to minister, and to care for one another as Jesus taught us. I invite you to learn more about the Foundation of Your Faith on the pages that follow. May we all be encouraged and inspired to join in responding to the needs of the people of God in the Diocese of Bualo. Sincerely yours in Christ, Most Reverend Richard J. Malone BISHOP OF BUFFALO Chairman, Board of Trustees And I tell you that you are Peter, and on this rock I will build my church. MATTHEW 16:18 STEWARDSHIP REPORT 11/12 PAGE 1 29684_Stewardship.indd 5 12/12/12 1:34 PM Message from the Vice-Chair & Executive Director Dear Friends, On behalf of the entire Board of Trustees, we are pleased to present the 2011-2012 Stewardship Report for The Foundation of the Roman Catholic Diocese of Bualo. The Foundation touches so many areas of Catholic life in Western New York and contributes to the continued success of a wide variety of organizations Richard Suchan & Jerry Mazurkiewicz and educational institutions in our diocese. In this report, you will read stories of exceptional generosity, deep spirituality and rich faith. Our donors and supporters made each story possible. For everyone, from management and trustees to employees and support sta, it is an honor and a privilege to serve as the Foundation of Your Faith. Everyone who hears This past year, despite an economy and region that continues to challenge, we received donations of over $700,000 in total gifts. Such generosity is these words and evidence that the faithful people of our community recognize the importance puts them into of our mission. Their open-hearted kindness helped enable the Foundation’s practice is like a Board of Trustees to distribute nearly $1.5 million in grant funding to numerous parishes, schools, faith-based programs and diocesan organizations. wise man who built his house on the There are so many to thank – of course, our donors, not only for their gifts, but for their continued condence in our ability to act as stewards; our sta, rock. e winds blew for their hard work and inspiring commitment; all the organizations and and beat against people within the diocese with whom we work and share a Christ-centered that house; yet it devotion to serving others; our trustees, for their wise counsel and thoughtful did not fall, because guidance; and most importantly, to God for His never-ending love. it had its foundation We invite you to learn more about how you can take part in the Foundation’s on the rock. mission to serve in accordance with the gospel values and teachings of the Roman Catholic Church. MATTHEW 7: 2425 Gerard T. Mazurkiewicz, CPA Vice-Chair Board of Trustees Richard C. Suchan, CEBS, CWS® Executive Director 29684_Stewardship.indd 6 12/12/12 1:34 PM 2011/2012 Board of Trustees CHAIRMAN Amy Habib-Rittling, Esq. 2011/2012 Executive Committee Most Reverend Richard J. Malone Partner Most Reverend Richard J. Malone Bishop of Bualo Lippes, Mathias, Wexler, Friedman LLP Chairman VICECHAIR John Rumschik Gerard Mazurkiewicz Gerard T. Mazurkiewicz, CPA President Vice-Chair Partner & Director M&T Insurance Agency, Inc. Thomas Beecher Tax Advisory Services Gerald C. Saxe Trustee Dopkins & Company, LLP Vice-Chairman