The Shepherds’ Trust Caring for those who always cared for us

Volume XII Number 1 Fall 2009 NEWSLETTER A Life of Service - Continuing to Do Good

For some, retirement is a time to slow East Side for 20 years, specializing in down, relax and let aging bones rest. For youth ministry. Among his many accom- Father Joseph Fenech, however, retire- plishments, he started a successful sum- ment is a time of running around doing mer camp for elementary school children, more than before. was very active in Youth Movement NYC and The Boy Scouts of America. With the Father Fenech, who recently celebrated encouragement of Bishop Lacey, in 1980, his 50th anniversary of priesthood, retired Father Fenech transferred to and from active ministry in 2006 but pastoral was incardinated in the Archdiocese of needs of the Archdiocese have kept him Toronto in 1985. continually involved in service to the Catholic community. Retiring at the age His pastoral work and service to the com- of 78, the common retirement age for munity continued in Toronto. Father priests of the Archdiocese being 75, helped bring the Salesian priests to St. Cardinal Ambrozic asked him to stay on Benedict’s Parish, Toronto. After three as Administrator of St. Aidan’s, which he years in Toronto, he was given the respon- gladly accepted. After St. Aidan’s, he was sibility of founding St. Aidan’s Parish. asked to do the same at St. Leo’s, Toronto, be there for them. Father Fenech is always and then at St. John the Evangelist, looking after and anticipating the needs of “It was my baby,” Father announces Weston. Now, without an official pastoral others. proudly. “I saw it go up, brick by brick. It appointment, he ministers to the Italian was the most beautiful period in my life. community at Transfiguration of Our “The pastoral work of the Church is We worked very hard and almost gave up Lord Parish. He has had to slow down a the beauty of the priestly vocation,” but we kept on going.” bit lately, after a heart attack that he Father Fenech says, working to live by blames on his love of food rather than his those words every day. Raising the funds to build a church in this pastoral load. community was a challenge as the parish- ioners were largely immigrants with little In addition to the pastoral care he offers at Born in Malta in 1928 into a family of money. Father Fenech has left his mark on Transfiguration, Father Fenech is a repre- four children, his greatest ambition as a the community and the landscape of this sentative onThe Shepherds’ Trust board of young man was to be a priest. He served Archdiocese. After St. Aidan’s was con- directors. He appreciates the contributions at Mass and often “played priest” with an structed, he reminisced about a call to his parishioners make to support The intricately handcrafted miniature church father. Shepherds’ Trust. And, as a retired priest made of cardboard that his father built -- himself, he is keenly aware of the needs of he still has it to this day. His family immi- “You taught me how to build a [card- retired priests. His goal as a representative grated to in 1950 but he remained board] church,” he recalls saying of the Trust is to serve the men who have in Europe to complete his studies and was with emotion, “and now I’ve built a faithfully dedicated themselves to the ordained as a Salesian priest in 1959. big church to celebrate Mass.” Church over the years, and to give them, what he calls, a good end. Father Fenech’s ties to Toronto started early when he celebrated his First Mass His contributions to St. Aidan’s parish, To young men discerning their vocation with his family at St. Paul’s Maltese their youth program and involvement in he offers words of encouragement that the Parish in Toronto. To be closer to family, the surrounding community were recog- Church is behind them and, with the he transferred to the Salesian Province nized with his nomination by a local financial support of parishioners of our based in New York City a few years later. Archdiocese, The Shepherds’ Trust will Father ministered in New York’s Lower continued on page 3 1 Message from the Archbishop

November, 2009 support that The Shepherds’ Trust can Dear friend of The Shepherds’ Trust, continue to provide shelter, meals and healthcare services for those clergy who The support and generosity you have need them. shown for The Shepherds’ Trust over the past year is greatly appreciated, by me St. Paul recognized the important work of and by the many retired priests of the our pastoral shepherds when he wrote, Archdiocese of Toronto who benefit from “Let the elders who rule well be considered this worthy cause. worthy of double honour, especially those who labour in preaching and teaching.” With the assistance of The Shepherds’ (1Tim 5:17) The Shepherds’ Trust provides Trust, retired priests of our archdiocese a way for us to recognize and help those receive the support and care they deserve clergy who have served us so faithfully. in order to live out their lives with dignity after many years of dedicated service. This year’s collection date for The Your support provides safe and comfort- Shepherds’ Trust has been scheduled for able accommodation for priests who might the weekend of November 14-15. Please not otherwise find it; creates opportunities renew your support in 2009 and consider for recreation and fellowship for those your ability to make a sacrificial gift in incapable of getting out on their own; and support of our retired priests. demonstrates a true sense of gratitude for the pastoral care they have provided to May our Lord bless you always. thousands of parishioners throughout their priestly lives. It is only through your ThomasYours sincerely C. Collins in •the Archbishop Lord, of Toronto

Ways of Giving to The Shepherds’ Trust There are various ways of making gifts to The Shepherds’ Trust, each method offering tax benefits that may significantly reduce the cost of your gift:

1. Gifts of Cash give through our web site. This is a great 3. Publicly Traded Stocks By far the most popular method of sup- way of taking advantage of credit card and Securities port, a gift of cash provides an immediate incentives. Your online donation will be Publicly traded stocks, bonds and other benefit to the Trust, and an instant tax credited to your parish. As well, “In securities may also be gifted toThe receipt for you. You may receive a tax Memoriam” and “Living Gifts” can be Shepherds’ Trust. The tax on capital gains credit for a gift on up to 75% of your offered online. Visit our web site at on publicly traded securities gifted to reg- annual net income in any one year, and www.shepherdstrust.org. istered charities has been eliminated. In you may carry forward any excess for a addition, donors will receive a tax receipt period of up to five years. Spouses may for the full amount of their gift. combine their charitable receipts on one 2. Bequests income tax return even if the receipts are A bequest is a specific provision in your not in both names. will, directing various estate assets to be given to The Shepherds’Trust in return for Gifts of cash may be given through the a tax receipt for the full value of the parish on the weekend of November bequest. This receipt can be used to 14/15, 2009, or post-dated cheques reduce the tax payable on your final tax For more information on planned gifts throughout the year. Cheques should be return and on the return of the previous to The Shepherds’ Trust made payable to: Parish Name - The year up to 100% of your net income. please contact Shepherds’ Trust. These gifts can symbolize permanent Mr. William Dunlop memorials for you, your family or anyone Secretary / Treasurer Donating online through a secure server is you wish to honour. at (416) 934-3400 ext. 614. an option for those donors who prefer to 2 Following His Heart A Life of Seized Opportunities by Kristen Crawford Throughout his life Father That was the start of his commitment to a life of service in the Basil O’Brien has seized Church. He returned to his job in a remote area plotting meteor- opportunities as they came, ological weather patterns and made time to read and reflect on adapted when he had to and, the Gospels, which had a profound affect on him. When he was at all times, worked to serve being transferred to Dublin from this remote post, he seized the the people of God. opportunity to follow his heart and pursue his vocation.

“I rolled with the punches… After his ordination in 1960, his order sent Father O’Brien to life is good,” he humbly says, further his education at the Pontifical Institute of Medieval with the hint of a lovely Studies in Toronto and at St. Paul’s in Ottawa. After the smile. completion of his studies, Father returned to the Monastery in Ireland to teach, lecture and conduct retreats. Leaving active ministry in 2004, Father O’Brien is “I had a hankering to go back to Toronto,” Father remembers. enjoying each day of his Soon, an opportunity was presented to him and, following his retirement. “Without the Shepherds’ Trust my lifestyle would be heart, he returned to Toronto with the blessing of his Order. In limited,” he says. He appreciates the work of the retired priests’ 1972 he was incardinated as a diocesan priest of the Archdiocese office of the Archdiocese, which organizes activities and of Toronto. provides opportunities for fellowship with his brother priests. Since 1966, Father O’Brien has served parishes in Toronto, Father now lives in residence at Nativity of Our Lord Parish in Brampton, Sutton West, and Uxbridge. True to his character, Etobicoke and assists with Masses and fills in at the parish when Father adapted to parish life in a variety of places, serving the needed. He enjoys reading, listening to classical music and fast Archdiocese in urban and rural settings alike. “Each place had walking on an indoor track. Having had a triple bypass in the its merits,” he says. “I enjoyed helping and doing what I could 1970s, he also finds that living life with a healthy sense of for them.” Though, at some, he wished he had the chance to stay humour goes a long way. longer.

Born in Ireland in 1927, Father O’Brien was one of nine chil- Reflecting on his life and his priesthood, Father O’Brien feels dren. He entered the Benedictine Monastery in Ireland at the age that the move from Ireland was a providential step in his life. To of 26 -- considered a late vocation at the time -- after discerning this day, he keeps in touch with the monastery of his early for- his vocation while visiting Notre Dame Cathedral in Paris, “It mation and still visits frequently. was there that I realized that this is where love is worshipped,” he says. When the opportunity presents itself…he seizes it.

A Life of Service continued from page 1

Member of Parliament in 2002 for the Queen’s Jubilee Medal. He has received many other honors over the years as well. Of particular significance, in 2006 he was named an Honorary Canon of St. Helen’s Basilica in Malta, a title he holds dear to his heart. “I’ve never asked for any of it” he says, “I’ve only tried to be a good priest.”

In his retirement, he could certainly rest on his laurels but that’s www.shepherdstrust.org not Father Fenech’s way. There’s a lot more to be done. “As long as we can do something good, we will continue,” he says.

3 Serra Club Provides Great Assistance to Our Retired Priests by Jerry Hayes, V.P. Programs • Toronto Central Serra Club

The purpose and objective of Serra is to foster and promote In addition to the many luncheons that are primarily held in vocations to the ministerial priesthood in the as parish halls, field trips have also included the Metro Toronto a particular vocation to service, and to support priests in their Zoo, African Lion Safari, Salt and Light T.V., the Famous People sacred ministry. Through this form of assistance, Serrans Players Theatre, a football game, Serra luncheons and new this demonstrate in a visible manner, a tangible service to these men year, a trip to Marisa’s cottage in Muskoka. Sadly, some of the who have devoted their lives to the call of the Lord. Just because excursions also involve attending the funeral of a previous they are no longer active in their ministries is no reason for classmate, which although kindling bittersweet memories also Serrans to forget their needs. allows for a sense of closure on their long friendship.

The Archdiocese of Toronto, which prides itself as being at the forefront of initiating positive change in the church, is also leading the way with a support initiative to aid our retired priests in their well earned leisure years.

Our priests are retiring these days with varying degrees of independence and mobility. Their level of health has a tremen- dous impact on the decisions they make regarding a retirement environment that meets their varying needs. While some are capable of functioning autonomously many are reliable on additional support so that they can live in modest dignity.

Many of our elderly priests are unable to drive, and rely on a group of men from the Toronto Central Serra Club who serve as chauffeurs for these occasions. Serra is an organization of Catholic men and women who meet regularly with the goal of creating a visible presence in the community which serves to affirm our positive support for our clergy.

Pickup locations are pre-determined and priests are whisked off to their required destinations, assisted to their necessary level of need during the event, and returned to their residence at the conclusion of the occasion. When pickup times are established one never has to wait for your passenger’s final preparation for With this in mind, the social environment that these men the trip, they are always waiting for you, and in most cases it is previously experienced with their peers while in their parish right by the front door! communities is not always as readily available in their retirement years. Also, with this new independent lifestyle, I have had the privilege of being the driver on a number of these comes the possibility of isolation for some, which fosters the outings and have found them to be an enlightening and rewarding need for a measure of continued community involvement to experience. Not only have I enjoyed hearing the many stories allow for the ongoing camaraderie they experienced in the past. that these men tell of their years doing parish work, but I have Marisa Rogucki, Coordinator of Retired Diocesan Priests, also thoroughly enjoyed being a part of the outing itself. The makes sure that doesn’t happen. satisfaction that I derive in sharing the joy that our priests exude is truly a reward unto itself. With a seemingly unlimited level of abounding enthusiasm, Marisa orchestrates opportunities for our priests to participate in May these programs and the happiness they foster for all ongoing field trips, luncheons; bar-b-q’s and other events that involved, continue for many years to come, and may Serrans allow them to rekindle the friendships of years past and share continue to diligently ensure that this objective of sharing with memories of experiences that otherwise would have easily been others is indeed one that is not quickly forgotten. forgotten.

4 Cardinal Ambrozic Houses of Providence

In 1857 the Sisters of St. Joseph opened the doors to the House parishioners of the Archdiocese of Toronto and their support of of Providence on Power Street in downtown Toronto. At its peak The Shepherds’ Trust, these priests are being lovingly cared for it provided accommodation for 700 elderly residents and in their retirement years. orphans, people who were among the most vulnerable in society. Along with visiting the retired priests and dealing with day to day duties in her office, Marisa Rogucki, Coordinator of Retired Diocesan Priests has a part time office at the Houses of Providence where she can provide immediate care and help for those in residence. Anita Persaud is the Personal Support worker for the retired priests. She is available to assist them with a myriad of day to day tasks, such as tidying their rooms, laundry, feeding, etc. They keep Anita busy, but she thoroughly enjoys the time she spends with each of them.

The care our priests receive from all of the staff at Providence is unparalleled. Meals are planned according to the dietary needs of the residents and there is also a doctor and registered nurses on duty every day.

There have been many changes over the years, including name There is a real sense of community at Providence whether you changes. Now known as Providence Healthcare, the centre is are a priest or a lay resident. After breakfast each day, the retired managed by the Catholic Health Corporation of . It pro- priests concelebrate mass. After mass there is a variety of activ- vides complex continuing care, long-term care and community ities for them to enjoy, movies, bingo, exercise classes etc. Fr. outreach with a particular focus on addressing the medical, Paul Lennon hosts a Bible study group and a Karaoke group, so physical, spiritual and emotional needs of individuals with there is something for everyone. geriatric conditions. Our retired priests are forever grateful to the Shepherds’ Trust One thing that has not changed is the level of care and and your generous support each year. Because of you, they live compassion that residents receive. It is truly a labour of love. with dignity and peace.

There are nine retired diocesan priests in residence at Cardinal Ambrozic Houses of Providence. Thanks to the generosity of the

Please Pray for Those Who Have Died Since our Fall 2008 Publication

Rev. Roy McGinn • January 6, 2009 Rev. Wilfred Firth • January 9, 2009 Rev. Paul McCarthy • August 5, 2009

5 FORE!

Monday September 14th was the day we went home with $500 tucked in his pocket. waited for all summer long. Sunny, warm Rhett Abarquez and three friends will be and 18 holes of golf at the waiting. And enjoying an afternoon of golf at the what a stellar day it was, from check-in ‘til Glencairn Golf Club, thanks to his winning the last bite of those delicious New York raffle ticket and Tom Rogucki will be taking strip loins after the game, everything was in a Leaf’s game. fantastic! Regardless of how you golfed, you couldn’t It was more fantastic for some than others of help but enjoy yourself at this, our last tour- course, after all it was a golf tournament and nament at the Kleinberg Golf and Country everyone was out to win. But no matter how Club. They treat us so well and the food is hard we drove or how carefully we putted, top notch. Our organizing committee, Bill we just couldn’t beat the dream team from McDonnell, Marisa Rogucki, Mary-Ellen St. Ignatius Loyola parish, Fr. Joe Gorman, Hannah, Gerry Hayes, Peter Cathcart, David Michael Burgess, John Conway and Dennis Balsdon and Fr. Tim Hanley, along with the Finnerty who placed first with an amazing - staff at Kleinberg did an excellent job, looking 11 under par! Congratulations gentlemen on after all the details. Thank-you to Anna a well played game. Leone, Jerry Hayes and Sandra Naccarato for checking everyone in, selling raffle tickets, The Gorman team wasn’t the only team on and handing out prizes, we couldn’t have their game. With a 335 yard drive Chuck done it without you. Holder was a shoe-in for the male longest Giving back to the community, drive. Carol Dalgado from CIBC Trust and her St. Francis Table. Kleinberg Golf Club is closing this year so new driver “Bertha” won the female longest your Shepherds’ Trust Golf committee will drive and everyone who witnessed it thought it was outstanding! be busy over the winter looking for a new course. Kleinberg will be a tough act to follow, and while we may not know where we’ll There were other winners who scored big off the course as well. be in 2010, we do know it will be a great day. See you there. Keep Congratulations to Neil McCarthy who won the 50/50 raffle and and eye on the Shepherds’ Trust web site for 2010 details.

2009 golf tournament sponsors, Catholic Cemeteries of the Archdiocese of Toronto 6 Thank you... From our retired priests!

Name Retirement Year, Last Appointment Name Retirement Year, Last Appointment Rev. James Adams 2007 Pastor, St. John’s, Toronto Rev. Garry Lehigh 2009 Pastor, St. John the Evangelist, Cardinal Aloysius Ambrozic 2007 Archbishop of Toronto Weston Rev. Francis Aresi 1994 Pastor, St. Clare, Toronto Rev. Paul Lennon 2005 Rector, Serra House Rev. Msgr. Barrett 2004 Director of Music, St. Michael’s Rev. Richard A. Love 2007 Pastor, St. Joseph the Worker, Armstrong, P.H. Choir School Thornhill Rev. Mario Bellinaso 2001 Assoc. Pastor, St. David’s, Maple Rev. Siro Lunardon 2008 Assoc. Pastor, St. Wilfred Rev. Christopher J. Bennett 1994 Pastor, St. Paul the Apostle, Alliston Rev. William Lynch 1995 Pastor, Holy Cross, Oshawa Rev. Marshal A. Beriault 2001 Pastor, Our Lady of Grace, Angus Rev. Donald S. MacLean 2007 Pastor, Our Lady of Grace, Aurora Rev. Luciano Biasi 2002 St. Patrick, Brampton Rev. Evain G. Marchand 1994 Pastor, Our Lady of Peace, Rev. Msgr. Edward F. Boehler 2003 Judicial Vicar & Pastor, Etobicoke St. Anselm’s, Toronto Rev. Wilfrid James McAneney 2001 Administrator, Our Lady of Grace, Rev. Msgr. Gerard B. Breen, P.H. 1996 Pastor, Holy Family, Whitby Angus Rev. J. Basil Breen 2005 Pastor, St. Thomas the Apostle, Rev. Lawrence T. McGough 2002 Pastor, All Saints, Toronto Markham Rev. Thomas McKillop 1997 Pastor, St John Chrysostom, Rev. J. Bernard Canning 2005 Pastor, St. Joseph’s, Toronto Newmarket Rev. Paul A. Casullo 2006 St. Mary of the People, Oshawa Rev. Menezes Henry 2009 St. Joseph, Toronto Rev. Stephen Coates 2001 Pastor, St. John the Evangelist, Rev. James Stuart Murphy 1998 Pastor, St. Columbkille, Orillia and Newmarket St. Francis of Assisi, Washago Rev. Nazareno Coccia 2004 Pastor, St. John Bosco, Toronto Rev. Basil O'Brien 2004 Pastor, Sacred Heart, Uxbridge Rev. Giuliano Costato 2007 Pastor, St. Leo’s, Toronto Rev. F. John O'Neill 1995 Pastor, St. Mary Star of the Sea, Rev. Pierre, M. Courtot E. P. 2001 Pastor, Sacre-Coeur, Toronto Mississauga Rev. Emidio Cremona 1993 Pastor, St. Clare, Toronto Rev. Agostinho Pacheco 2008 Assoc. Pastor, St. Mary, Toronto Rev. Bernard J.Cryer 1997 Assoc. Pastor, St. Michael’s Rev. Daniel Palillo 2005 Pastor, St. Bernadette’s, Ajax Cathedral, Toronto Rev. Michael Perrella 2001 Assoc. Pastor, Sts. Peter & Paul, Rev. Dermot Cullen 1991 Assoc. Pastor, St. John Chrysostom, Mississauga Newmarket Rev. Jose Pires 2003 Assoc. Pastor, St. Mary of the Rev. Albert Cunha 1998 Pastor, Santa Cruz, Toronto Angels, Toronto Rev. Stanislaw Cwiertnia 2009 Assoc. Pastor, Our Lady of the Rev. Edwin J. Platt 1998 Pastor, St. Luke, Thornhill Airways, Mississauga Rev. Msgr. Mariano F. Polito P.H. 2005 Pastor, Our Lady of Sorrows, Rev. d'Araujo Luis 2001 Pastor, St. Mary of the Angels, Toronto Toronto Rev. Eduardo Pontes M.F. 2009 Pastor, Our Lady of Fatima, Rev. Eugene R. D'Avella 1996 Assoc. Judicial Vicar Diocesan/ Brampton Regional Marriage Tribunal Rev. Alfred G. Quesnelle 1992 Pastor, St. James, Toronto Rev. Msgr. Terence 2008 Pastor, St. Francis Xavier Rev. Leo A. Ramsperger 1997 Pastor, St. John the Evangelist, F.D'Souza C.H.H. Caledon E. Rev. Thomas J. Day 2008 Chaplain, Lester B. Pearson Airport Rev. Charles F. Reeves 1999 Pastor, St. Gregory’s, Etobicoke Rev. Antero De Melo 2009 St. Mary, Toronto Rev. Italo Reich 2001 Pastor, St. Joseph the Worker, Rev. James P. Doyle 2009 Administrator, St. Andrew, Brechin Thornhill Rev. Lawrence J. Dugo 1995 Pastor, St. John, Toronto Rev. Matthew F. Robbertz 1998 Pastor, St. Elizabeth Seton, Rev. Edward P. Ewczynski 2005 Assoc. Pastor, St. Cecilia, Toronto Newmarket Rev. Joseph Fenech 2006 Pastor, St. Aidan, Toronto Rev. Cyril M. Robitaille 2002 Pastor, Our Lady of Perpetual Help, Rev. Theodore H. Fournier 1995 Pastor, Blessed Sacrament, Toronto Toronto Rev. Msgr. Vincent N.P.H. Foy 1979 Pastor, St. Patrick, Phelpston Rev. Msgr. Kenneth 2001 Pastor, Our Lady of Sorrows, Rev. Msgr. Pranas Gaida, P.H. 1989 Assoc. Pastor, Lithuanian Martyrs, Robittaille, P.H. Toronto Mississsauga Rev. Juanito Santos De Dios Y Cano 1995 Assoc. Pastor, John XXIII Rev. Luigi Galanti 1997 Assoc. Pastor, St. Bernard de Rev. Garnet F. Sauve 2003 Pastor, St. Andrew’s Brechin Clairvaux, Toronto Rev. William J.Scanlon 2006 Pastor, St. Mary Immaculate, Rev. Josip Gjuran 1998 Pastor, Our Lady Queen of Croatia Richmond Hill Rev. Guy J. Hamel 2009 Ste. Croix, Penetanguishene Rev. Joao Serpa 2008 Assoc. Pastor, St. Helen’s Rev. Francis I. Hannan 2005 Pastor, Our Lady Queen of the Rev. Stephen Somerville 2002 Chaplain, Magnicant Charismatic World, Richmond Hill Community Rev. Rodolfo Imperial 2005 Pastor, Blessed John XXIII, Rev. Alexander Takacs 1980 Assoc. Pastor, St. Patrick, Stayner Don Mills Rev. Leslie A. Tamas 2005 Pastor, St. Mark, Stouffville Rev. Richard Jacobsen 2007 In residence, Annunciation Rev. Paul Tang 2002 Pastor, Chinese Martyrs, Markham Rev. Benoit T. Jobin 2001 Pastor, Blessed Trinity, Toronto Rev. Liborio J.C. Tavares 2008 Pastor, St. Mary, Toronto Rev. Ronald A. Krafchik 1995 Pastor, St. Mark, Etobicoke Rev. Charles H. Vanitem 1997 Pastor, St. Timothy Most Rev. M. Pearse Lacey 1993 Auxiliary Bishop, Toronto Western Rev. John J.Vella 1995 Pastor, St. Mary, Barrie Region Rev. Rudolf P. Volk 2007 Pastor, St. Patrick, Mississauga Rev. R. Viateur Laurin 2008 Pastor, St. Louis de France Rev. Francis Voorwerk 1993 Pastor, Our Lady Queen/World Rev. Edward J. Law 1995 Pastor, St. Patrick, Schomberg Rev. Philip A. Wiley 2007 Pastor, St. Mary, Victoria Harbour

7 The Shepherds’ Trust The Shepherds’ Trust 2008 Financial Results Board of Trustees Elected Representatives Sources of Funds Active Priests Comprising: 2008 2007 Rev. John Borean Pastor, St. Clare of Assisi Parish Parish Collection $ 1,239,387 $ 1,347,842 Woodbridge Bequests and Donations $ 683,640 $ 242,339 Parish Assessment $ 1,191,302 $ 1,208,409 Rev. Timothy K. Hanley Investment Income $(5,055,851) $ 74,381 Pastor, Our Lady of Grace Parish Aurora Total $(1,941,522) $ 2,872,971 Retired Priests The 2008 investment income loss of $5.1 million constitutes realized income Msgr. Kenneth Robitaille of $1.7 million and unrealized investment losses of $6.8 million arising from Rev. Joseph Fenech decrease in market value of investments as at December 31, 2008. While the Lay Persons unrealized investment loss is significant, it was the result of the overall market conditions. It should be noted, however, that our managers outperformed in Mr. William J. DesLauriers their respective indexes over the long term. Q.C. Torys LLP Mr. George L. Ploder, C.A. Expenditures Mr. L. Thomas Forbes, Q.C. McCarthy Tetrault 2008 expenditures totalled $2.6 million (2007 - $2.4 million) consisting of monthly allowances to beneficiaries, health care premiums and costs of Ms. Mary Giambrone extended health care for priests. Director Human Resources Scotia Capital Inc. Ms. Mary Ann Leon, C.A. Investment Fund Market Value

Ex Officio Representatives Comprising: 2008 2007 Mr. John McGrath Chancellor for Temporal Affairs Pooled Funds – Bonds $ 13,026,124 $ 12,796,319 Pooled Funds – Equities $ 13,934,333 $ 18,072,812 Rev. Msgr. Marco Laurencic Short Term $ 599,264 $ 398,464 Director of Priests’ Personnel Total $ 27,559,721 $ 31,267,595 Mr. William C. Dunlop Secretary / Treasurer (Appointed delegate of the Total fund needed is $37.7 million (based on 2006 actuarial valuation). The Archbishop) investment fund is professionally managed, with quarterly reviews and evaluation of performance by an independent investment committee with Special Committee Member appropriate actions taken as necessary. Ms. Mary-Ellen Hannah Chair A copy of the financial statements is available for review at the office of the (Board appointed) Archdiocese of Toronto – Accounting & Finance Department, 1155 Yonge Street, Toronto Executive Committee The Newsletter is published by: Mr. William J. DesLauriers, Chair Rev. Timothy Hanley, Vice-Chair The Shepherds’ Trust Mr. William C. Dunlop, Catholic Pastoral Centre, 1155 Yonge Street, Suite 603, Toronto, Ontario M4T 1W2 Secretary/Treasurer Tel: (416) 928-9963 • Web Site: www.shepherdstrust.org Ms. Mary Ann Leon, Lay Trustee Design & Layout: Ms. Mary Giambrone, Lay Trustee Guy Ouellette & Tracy Moore • E-mail: [email protected]

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