2017 Annual Report July 1, 2016—June 30, 2017 TABLE OF CONTENTS ......................................................... 1 MESSAGE FROM EXECUTIVE DIRECTOR ........................... 2 BOARD OF DIRECTORS ....................................................... 3 COMMITTEE MEMBERS...................................................... 4 MEMBERSHIP ..................................................................... 5 DONORS ........................................................................... 13 TRUST BALANCES ............................................................ GRANTS ............................................................................ SAVE THE DATE ................................................................ STATEMENT OF FINANCIAL POSITION ............................ STATEMENTS OF ACTIVITIES ........................................... Page 2 The Catholic Foundation Board of Directors and staff invite you to learn more about our From the Executive Director services and opportunities for giving. Dear Friends of The Catholic Foundation, For more information, please contact: am pleased to present the July 2016—June 2017 Catholic Foundation annual I report. I would like to thank all those that have supported the Catholic Founda- The Catholic Foundation tion this year. We have had a very successful year. P. O. Box 2248 Jackson, MS 39225-2248 As you review the annual report, you will see the commitment of our leaders and our dedication and commitment to preserving and growing the assets en- trusted to The Foundation. Our goal is to remain focused on the growth of the trust Phone: 601-960-8477 funds, to the individuals who started these funds, as well as to the beneficiaries who Fax: 601-960-8455 rely on the distributions each year. I would like to thank all those that have supported the Catholic Foundation this year. We have had a very successful year with our annual Membership Drive. I would also like to thank all of our donors that started a trust, donated to an existing trust, or gave in memory or in honor of a loved one. The Foundation also funded twenty five grant projects around our diocese. The projects range from helping with religious education supplies in parishes, purchasing supplies for Victims of Domestic Violence at Catholic Charities, as well as many others. See page 32 for a complete list of grants awarded. I would like to thank the Board of Directors and all those who served on committees for volunteering their time and sharing their expertise to further The Foundation. The Foundation staff and Board of Directors are grateful for the support you have given to us this year. We are always here if you have questions on membership or getting a trust fund started. We look forward to hearing from Rebecca Harris, Executive Director you. Chris Luke, Stewardship Coordinator Jackie Brown, Administrative Assistant Warmest Regards, Rebecca Harris Executive Director “Remember there's no such thing as a small act of kindness. Every act creates a ripple with no logical end.”“Remember, there’s no such thing as a small act of kindness. …Scott Adams Every act creates a ripple with no logical end.” Scott Adams Page 24 Page 3 Board of Directors The Catholic Foundation of the Diocese of Jackson, Mississippi, Inc. Statement of Activities OFFICERS OF THE FOUNDATION Year Ending June 30, 2017 and 2016 Bishop Joseph Kopacz Director Joe Rice, Jr. President Temporarily Permanently 2017 Total 2016 Total Chris Correro Vice President-President Elect Unrestricted Restricted Restricted All Funds All Funds Charles Campbell, III Treasurer Support and revenue Diane Pumphrey Secretary Contributions $ — $ 12,885 $ 858,372 $ 871,257 $ 1,157,094 Special events 40,530 — — 40,530 38,535 Membership 95,086 — — 95,086 111,010 Foundation trust 56,313 — — 56,313 42,342 Annual meeting 7,055 — — 7,055 6,255 Most Reverend Joseph Kopacz .................... Jackson Karen Hulett .................................................... Madison Investment income 1,218,041 — — 1,218,041 1,475,365 Charles Adams, Jr. ................................ New Orleans Michael Kimbrell ........................................... Brandon Increase in cash surrender value — 18,659 — 18,659 4,513 Unrealized gains (losses) Marc Biggers .............................................. Greenwood Rev. Thomas Lalor ........................................ Vicksburg on investments 1,899,700 — — 1,899,700 ( 1,048,047) Patrick Biglane ................................................. Natchez Anna Langley ..................................................... Oxford Net assets released Sara Burrow .................................................... Madison Most Reverend Joseph Latino ....................... Emeritus from restrictions 70,522 ( 70,522) — — — Charles Campbell, III ........................................... Flora Lewis Mallory, Jr. ........................................... Starkville Total support and revenue $ 3,387,247 ($ 38,978) $ 858,372 $ 4,206,641 $ 1,787,067 Paul Cassisa ...................................................... Oxford Jim McCraw .................................................... Jackson Chris Correro ................................................... Madison Griffin Norquist, Jr. ...................................... Yazoo City Expenses Rev. Francis Cosgrove ................................... Madison Bill O’Connor ..................................................... Clinton Administrative $ 158,477 $ — $ — $ 158,477 $ 158,626 Distribution to beneficiaries 573,543 — — 573,543 525,626 Aad de Lange .................................................. Madison Emil Pawlik ..................................................... Jackson Grants 70,522 — — 70,522 50,673 Ricky DeAngelo .............................................. Greenville Diane Pumphrey ............................................ Madison Margie Delaney ............................................... Brandon Joe Rice, Jr. .................................................. Ridgeland Total expenses $ 802,542 $ — $ — $ 802,542 $ 735,225 Rev. Thomas Delaney ......................... Crystal Springs Marion Roberson .......................................... Vicksburg Other Michael Dowell ........................................... Ridgeland Stephen Shackelford ..................................... Jackson Change in value of Dr. Wayne Ebelhar ...................................... Ridgeland Bryan Shaver ........................................... Olive Branch split-interest agreements ($ 3,590) $ — $ — ($ 3,590) $ 267,942 George Evans ................................................. Madison George Sherman ........................................... Starkville Transfers between funds ( 340,900) 72,250 268,650 — — Keith Fulcher ................................................ Cleveland Rev. Kevin Slattery ..................................... Gluckstadt Total other ($ 344,490) $ 72,250 $ 268,650 ($ 3,590) $ 267,942 Bob Gaston ..................................................... Madison Michael Smith ......................................... Brookhaven John Geary ...................................................... Jackson A. J. Stone, Jr. ................................................. Jackson Change in net assets $ 2,240,215 $ 33,272 $ 1,127,022 $ 3,400,509 $ 1,319,784 Armand Guizerix, III ...................................... Vicksburg Katie Walley ................................................... Brandon Net assets, beginning of year 4,711,064 969,315 16,904,717 22,585,096 21,265,312 Julie Harkins ........................................................ Flora Christopher Walters ...................................... Brandon Net assets, end of year $ 6,951,279 $ 1,002,587 $ 18,031,739 $25,985,605 $22,585,096 Barbara Harkins-Jones ................................... Jackson Dr. David Wender ........................................... Jackson Harrison Hart ................................................... Madison Lee White, II ...................................................... Natchez Ewin Henson, III ......................................... Greenwood Donna Williams .............................................. Jackson PagePage 4 2 Page 23 Committee Members The Catholic Foundation Board of Directors and staff invite you to learn more about our Executive The Catholic Foundation of the Diocese of Jackson, Mississippi, Inc. From the Executive Director Income Development services and opportunities for giving. Bishop Joseph Kopacz Dear Friends of The Catholic Foundation, Marc Biggers Statement of FinancialFor more Position information, please contact: Joe Rice, Jr. President Pat Biglane Chuck Adams,am pleased Jr. to present the July 2016—June 2017 Catholic Foundation annual June 30, 2017 and 2016 Paul Cassisa CharlesI report.Campbell, I wouldIII, like to thank all thoseTreasurer that have supported the Catholic Founda- The Catholic Foundation Ricky DeAngelo Chris Correrotion this year. We have had a veryVice successfulPresident year. P. O. Box 2248 2016 2015 Wayne Ebelhar Aad de Lange Staff ASSETS Jackson, MS 39225-2248 As you review the annual report, you will seeKeith the Fulcher commitment of our Cash and Cash Equivalents $ 76,279 $ 770,151 George Evans leaders and our dedication and commitment to preserving andRebecca growing Harris the assets en- Executive Director Investments 26,421,017 22,305,299 John Geary Emeritus Phone: 601-960-8477 trusted to The Foundation. Our goal is to remain focused onKaren the Huelett growth of the trust Cash surrender