Catholic Community Fund ARCH D I O CE SE O F BO STO N
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CATHOLIC COMMUNITY FUND
2020 ANNUAL REPORT
Content
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A Message from Cardinal Seán
4 Catholic Community Fund Leadership & Oversight
6 Catholic Community Fund Donor Spotlights
10 Catholic Legacy Society
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20 Catholic Health Foundation
22 Catholic Health Foundation Impact Highlights
28 2020 Combined Financial Statements
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Endowment Investments and Distributions
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Catholic Community Fund Bequests & Planned Gifts
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Catholic Community Fund Endowments
47 Catholic Health Foundation 2020 Grant Recipients
Catholic Community Fund Impact Highlights
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A MESSAGE
From Cardinal Seán
Dear Friends in Christ: So many of our parishes, schools, and other ministries made it through the challenges of the past year with the knowledge that their future is more secure through the generosity of donors like you. Your planned gift is an example of the importance of planning ahead, and I cannot thank you enough for your thoughtful generosity and long-term commitment to our Archdiocese of Boston. This report is a testament to all our donors who made their parish, school, or other ministry a priority in their giving, both now and in the future. The legacy formed through your gifts is one that will ensure the future of our Church as we continue to serve those in need, those learning and practicing our faith, and those who bring Christ’s presence to a world in need of His love. As you read through this report, may you feel tremendous pride in the assistance and hope you are providing to so many. For your goodness to our Church, I am deeply grateful. With gratitude for your support and the assurance of my prayers for you and all your loves ones, I remain, Devotedly yours in Christ,
Archbishop of Boston
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Catholic Community Fund
Archdiocese of Boston
ARCHDIOCESE OF BOSTON
Catholic Community Fund Board of Trustees
Catholic Community Fund endowments are invested in the Roman Catholic Archdiocese of Boston’s (RCAB) Common Investment Fund, which is overseen by the RCAB Investment Committee.
Cardinal Seán O’Malley, O.F.M., Cap. Chairman Archbishop of Boston
James P. Healey Trustee and Past President Yawkey Foundations
Patricia Kelleher Bartram President Executive Director Boston Catholic Development Services Archdiocese of Boston
Very Rev. William P. Joy Episcopal Vicar for Clergy Archdiocese of Boston
Robert J. Morrissey, Esq. Chairman Partner Morrissey, Hawkins & Lynch
Kevin P. Martin, Jr., C.P.A., M.S.T. Managing Director KPM/Kevin P. Martin & Associates
Charles I. Clough, Jr. Chairman & CEO Clough Global
John E. Straub Treasurer Chancellor and Chief Financial Officer Archdiocese of Boston Francis O’Connor, Esq. Secretary General Counsel Archdiocese of Boston Very Rev. Jonathan P. DeFelice, O.S.B., J.C.L. Judicial Vicar, Archdiocese of Boston President Emeritus, Saint Anselm College Patricia M. Dinneen, Ph.D. Chair, Social Justice Ministry Archdiocese of Boston Daniel L. Fitzgerald Marblehead, MA
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Investment Committee
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Jerome Meier, M.B.A. Strategy and Operations Consultant Health Business Group Stephanie Monaghan O’Brien, J.D. Investment Professional Morningside Technology Advisory, LLC Adelene Perkins, M.B.A. Chair of the Board and CEO Infinity Pharmaceuticals, Inc. Mary L. Ryan Chairman and CEO Thompson Steel Company, Inc. Executive Director Lisa Lipsett, Esq.
Maureen Creedon, C.P.A. Executive Director Finance and Treasurer Archdiocese of Boston Stephen M. Dufour Portfolio Manager Fidelity Investments Michelle A. Knight Chief Investment Officer and Chief Economist Ropes Wealth Advisors, LLC James J. Mahoney, Jr. Principal Mahoney Investments
John E. Straub Chancellor and Chief Financial Officer Archdiocese of Boston Frederick Weiss Managing Member MPC Capital Advisors, LLC John Zona, Ph.D. Chief Investment Officer Boston College
Socially Responsible Investing
Investments made through the Catholic Community Fund are managed in accordance with Catholic social teachings as defined by the U.S. Conference of Catholic Bishops.
Excluded from our investment strategy are abortion and abortion-related products or services, birth control, tobacco, life-ending embryonic stem cell research, pornography, militarism, landmines, and firearms.
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DONOR SPOTLIGHT
Anna-Marie Ferraro Anna-Marie has been an active participant in her faith for her entire life and has shared her generosity with many different ministries and organizations within the Archdiocese of Boston. She is a thoughtful and kind donor, always willing to make a gift and make a difference. Recently, she took steps to ensure she could continue to help others long into the future by setting up planned gifts in her will. As a parishioner at St. Eulalia’s in Winchester since 1975, she has served the parish community in countless ways. She has fond memories of accompanying her pastors to lector at the CatholicTV Masses and spent time getting to know both the leadership and seminarians at Pope St. John XXIII National Seminary in Weston. Through her planned gifts, Anna-Marie ensured future funding for the causes that have played such an important part of her faith life. She is leaving a legacy of love for her parish, CatholicTV, Pope St. John XXIII National Seminary, and ministries of the Archdiocese of Boston. We are so grateful for her support and her dedication to the future of our Church.
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”We all have an obligation to support our Church. Not only our own parish, but the wider community as members of the body of Christ. We are called to share our time, talent, and treasure.” - Anna-Marie Ferraro
pictured with Bishop Mark O'Connell
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DONOR SPOTLIGHT
Felicia L. Wilczenski, Ed.D. For Felicia, the benefits of making a planned gift to the Archdiocese of Boston were threefold: to honor her parents, to create a legacy that would live beyond her own life, and to do so while receiving personal income during her retirement.
“The great thing is I get what I need during my lifetime, and then after I am gone, that money will go towards helping others. It’s a win-win!” - Felicia Wilczenski
Felicia has made multiple planned gifts, the most meaningful being the creation of the Louis and Genevieve Wilczenski Endowment Fund in honor of her parents, which will support elder and childcare services within the Archdiocese of Boston. She included the endowment fund in her will so that it can continue to help children and the elderly far into the future. Now retired from her role as interim dean of UMass Boston’s College of Education and Human Development, Felicia has started receiving income from the charitable gift annuities that she set up years ago. She will continue receiving that income during her lifetime, and then it will be given to Catholic causes that are close to her heart.
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Catholic Legacy Society The Catholic Legacy Society honors those who have named the Archdiocese of Boston—or one of its parishes, schools, or other ministries—as a beneficiary in their will or trust, retirement account, charitable gift annuity or charitable trust, life insurance policy, or through the establishment of an endowed fund. The members of this special society are creating an infrastructure of support that will make our many Catholic ministries stronger, sustainable, and better equipped to serve future generations. Dr. Claire Appling Dr. and Mrs. Thomas Arana Michelle and Bob Atchinson Mr. and Mrs. Guillermo N. Bachiller Mr. George R. Baldwin Ms. Catherine D. Ball Mrs. Marie J. Barry Mr. Robert P. Bergeron Mr. Joseph R. Berthold Mr. Mark Bozen Mr. David Brooks Ms. Rosemary A. Brophy Daniel R. Brownell and Kelley A. Laurel
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Ms. Valerie J. Brownly Ms. Jolanta B. Cai Hon. Lawrence C. L. Cameron Thomas and Allison Campbell Ms. Jean Cardillo Ms. Nancy J. Caruso Mr. and Mrs. David L. Castaldi Mrs. Mary Ann F. Cieciuch Deacon and Mrs. Charles I. Clough, Jr. Rev. Msgr. Peter V. Conley Mrs. Margot C. Connell Mr. Bruce A. Connolly Jim and Jane Connolly Mrs. Margaret M. Conway Rev. Roger C. Cormier Dr. and Mrs. Ronald E. Coutu Rev. Msgr. William F. Cuddy, Jr. Mrs. Helen Curran Mr. and Mrs. James V. Cusick Deacon and Mrs. Richard J. Cussen Ms. Margaret Dasha Mr. Leo P. Dauwer Mr. and Mrs. Paul J. Deeley Mr. Louis DeFeo Dr. Patricia M. Dinneen and Dr. John J. Mooney Kathleen and Kevin Driscoll Miss Mary Teresa Driscoll
Mr. James Duggan Ms. Mary Louise Dusseault Mrs. Eleanor L. Dwyer Mr. and Mrs. James A. Engler Mr. and Mrs. Joel A. Farrell Mrs. Anna-Marie Ferraro Mr. Daniel L. Fitzgerald Miss Eileen Flanagan Ms. Frances B. Florencourt Ms. W. Louise Florencourt Mr. Joseph M. Flynn Mr. Thomas F. Flynn Rev. Edward L. Gallagher, Jr. Mrs. Patricia A. Gallagher Dr. Shelley A. George Rev. Vincent J. Gianni, Jr. Kevin and Rita Gill Mr. Joseph Gilmetti Mr. and Mrs. Robert Griffin/ The Corey C. Griffin Foundation Mr. and Mrs. D. Michael Grimes Mrs. Adele A. Hamblett Mr. Leonard Hanna Mr. and Mrs. David J. Hegarty Mr. and Mrs. Peter S. Hermansen Ms. Mary Jane Higgins Linda and Jay Hooley
Mr. Robert Houle Mr. Michael J. Hueston, Jr. Mr. Charles J. Jacobs Mr. and Mrs. John E. Joyce Mr. and Mrs. John A. Kaneb Mr. Philip J. Keeley Mr. Francis Kelly Mrs. Catherine A. Larose Rev. J. Michael Lawlor Mr. and Mrs. Shaun R. Levesque Mr. Richard C. Lord Mr. Paul MacGillivray Mr. and Mrs. James J. Mahoney, Jr. Mr. and Mrs. Michael Mahoney Ms. Shelagh E. Mahoney and Mr. Joseph E. McNamee Ms. Rita I. Malone Mr. and Mrs. Thomas L. Mara Mr. and Mrs. Anthony M. Maraschiello Mr. and Mrs. Robert L. Marr Mr. John L. Matthews Mr. Timothy P. McAlarney Mr. and Mrs. Douglas J. McArdle Ms. Joy A. McCarth Mr. John R. McCoy Robert Clifford and Allyson McDonald Miss Christine M. McGovern
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Catholic Legacy Society Mr. John A. McNeice, Jr. Ms. B. Theresa McNulty Rev. Msgr. Cornelius McRae Mr. Michael Merten Mr. Edward J. Michalski Mosakowski Family Foundation/ Mr. and Mrs. William S. Mosakowski Ms. Mary F. Myers Ms. Frances H. O'Brien Mrs. Robert J. O'Brien Mr. and Mrs. Austin M. O'Connor Miss Donna M. Pare Mrs. Barbara Parodi Mr. and Mrs. David F. Pendergast Mr. and Mrs. William H. Pero Ms. Mary Ann Pesce Choate and Mr. Edward T. Choate Mr. Albert C. Peterson Ms. Ellen Pi Mr. and Mrs. Victor J. Pietkiewicz Dr. and Mrs. Farouk A. Pirzada Mr. and Mrs. John F. Pitzi Mr. and Mrs. Edward A. Porter Mr. and Mrs. John J. Remondi Mr. Daniel G. Robinson Very Rev. Stephen B. Rock, V.F. Ms. Maureen A. Rocks Francis and Elizabeth Rogers Mr. and Mrs. George Romano
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Mr. and Mrs. Raymond B. Ruddy Mr. and Mrs. Robert M. Sacco Prof. and Mrs. Joseph A. Schellings Mr. Paul Schmidt Mr. and Mrs. Bertrand C. Sellier Mr. William J. Sheehan Tom and Lyn Shields Mr. and Mrs. Robert N. Skinner Mr. Frederick C. Smith Mr. Gari S. Stanley Mr. and Mrs. Vincent P. Stanton Ms. Margaret M. Stapleton Ms. Susan Stoddard Mr. and Mrs. James E. Sullivan Ms. MaryCarroll Sullivan Mrs. Alice Sullivan Mr. John J. Sullivan Ms. Linda D. Sutter and Mr. Steven T. Centore Miss Victoria Syak
Dr. and Mrs. Arthur J. Sytkowski Mrs. Marie Therrien Mr. and Mrs. Mark L. Vachon Mr. and Mrs. Michael A. Valerio Mrs. Louise Vanderslice Miriam E. Vincent, M.D. Ms. Helen T. Walsh Mr. and Mrs. James Walsh Mr. John T. Walsh Mr. William F. Welsh Mr. and Mrs. James F. Whalen, Jr. Ms. Lydia A. Whitcomb Mr. and Mrs. George White Rev. David P. White Dr. Felicia L. Wilczenski Mr. Frank G. Wilson and Ms. Mary H. Novak Mr. Adam J. Wolkovich Mrs. Patricia Wunschel Mr. and Mrs. John A. Zofchak
If you have made a planned gift to the Archdiocese of Boston, its parishes, schools, or ministries, we invite you to join the Catholic Legacy Society. To learn how, please contact Lisa Lipsett, Executive Director, (617) 746-5693.
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IMPACT HIGHLIGHT
Roxbury’s Mission Grammar School is Thriving Thanks to Expansion Opened in 1889, Mission Grammar School was in need of extensive updates and larger facilities, especially as they prepared to welcome students from the St. Patrick’s School community. The pandemic made those updates critical for the safe opening of school in the Fall of 2020. With 70% of Mission Grammar students coming from lowincome families and with many parents working in hospitals or as first responders, it was crucial that the school was prepared for in-person learning. In addition to six new classrooms, a brand-new STEM lab, and an outdoor playground, last-minute changes were incorporated before completion of the project to ensure safety during the pandemic. These included a state-of-the-art ventilation system, touchless sinks and soap dispensers, and social distancing signage and markers. Thanks to Inspiring Hope donors, Mission Grammar has also been able to renovate and continue to welcome children as young as three months old. Updated technology has been especially helpful this school year across all efforts. In a world that is still reeling from the pandemic, school president Aliece Dutson likes to say that Mission Grammar School and its scholars are “thriving not just surviving.”
When Mission Grammar School in Roxbury received a grant through the Archdiocese’s Inspiring Hope capital campaign to expand their campus, they had no idea the expansion would happen at such a monumental time. CATHOLIC COMMUNITY FUND
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IMPACT HIGHLIGHT
Archdiocese’s “Mother Church” Continues Caring for Those in Need The Cathedral of the Holy Cross underwent major renovations thanks to the Inspiring Hope capital campaign. As the “Mother Church” of our Archdiocese, and home to Boston’s Archbishop, the Cathedral is a beacon of hope to the surrounding community, serving a tremendously diverse population in Boston’s South End through countless programs. Some of these programs include: ■ Serving families through a food pantry
■ Offering help to homeless families transitioning from shelters to permanent housing ■ Providing free health services through the Cathedral Cares Clinic
■ Serving as an emergency back-up shelter for the Pine Street Inn and Boston Health Care for the Homeless ■ Operating an off-site shelter for victims of human trafficking in collaboration with the City of Boston ■ Hosting weekly AA meetings In addition to the above, and all that the parish does for the community, there are also 21 weekly Masses celebrated in four languages. We are blessed that donors to Inspiring Hope helped ensure this historic building will be there for years to come, not only to practice our faith, but to serve our brothers and sisters in need.
In 2020, the Cathedral of the Holy Cross renovation received the Preservation Achievement Award from the Boston Preservation Alliance. 16
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IMPACT HIGHLIGHT
Providing Funding for Parishes to Create Virtual Faith Formation Programs When the pandemic hit, many parishes were well-prepared to pivot to the virtual world to keep parishioners connected to their faith. For St. Patrick, St. Peter and Holy Family Parishes in Dorchester however, the challenge was significant, as they serve a diverse, multi-lingual, and technologically underserved community. In the early days of the pandemic, these parishes struggled to continue faith formation programs for 650 children in grades 1 through 10 without the ability to gather in person.
With a grant from the Catholic Community Fund through the John J. and Margaret M. Flatley Fund, the parishes now have the needed resources – laptops, cameras, and technical assistance – to continue their faith formation programs more effectively. The grant enables the parishes to design a program that also engages and supports parents in the learning process. It also gives them access to best practices in child protection safety protocols to help parishes and parishioners understand the safety issues facing children in the virtual world.
“This community, which faces disparity and inequity every day, was among the most impacted by the pandemic. This grant helps us adapt to the times and the way of the future. I am so grateful – we could never have done this on our own.” − Fr. John Currie, Pastor
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Catholic Health Foundation The Catholic Health Foundation of Greater Boston, Inc. (CHF) provides financial support to non-profit organizations offering health care and healthcare services consistent with the teachings of the Roman Catholic Church within the 144 cities and towns that comprise the Archdiocese of Boston. Grants are annually distributed in the following categories: ■ Bereavement ■ Building/Equipment ■ Cancer ■ Education (medical or health) ■ Employee assistance ■ Health or medical services for residents of Middleborough ■ Medical ■ Social needs ■ Unrestricted No grants are made to individuals or government agencies, or for endowments or operating deficits.
Catholic Health Foundation Board Members
Patricia Kelleher Bartram President Executive Director Boston Catholic Development Services Archdiocese of Boston John E. Straub Treasurer Chancellor and Chief Financial Officer Archdiocese of Boston Francis O’Connor, Esq. Secretary General Counsel Archdiocese of Boston
Janice E. Healey, C.D.A. East Falmouth, MA Patricia S. Jay, M.D., N.C.M.P. Dedham, MA Rev. Arthur T. MacKay, O.D. Catholic Chaplain Lahey Hospital and MetroWest Medical Center MC Sullivan, J.D., M.T.S., R.N. Chief Healthcare Ethicist and Director, Initiative for Palliative Care and Advance Care Planning Archdiocese of Boston Executive Director Lisa Lipsett, Esq.
Since making our first grants in June 2014, CHF has distributed 372 grants totaling nearly $4.2 million.
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IMPACT HIGHLIGHT
Home for Little Wanderers’ Safe at Home Program The Safe at Home program supports children on the verge of out-of-home placement due to a mental or behavioral health crisis to enable them to remain at home.
The nation’s oldest nonprofit child and family services agency, the Home for Little Wanderers works to ensure the healthy behavioral, emotional, social, and educational development and physical well-being of children and families living in at-risk circumstances. 22
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Funded in part through a grant from the Catholic Health Foundation, Safe at Home staff members work with families to provide intensive, collaborative, home-based treatment centered around developing strengths and skills to provide a safe environment and prevent the need for placement in a group home or mental health facility. Through weekly or bi-weekly meetings, families learn how to improve their communication, recognize triggers before a crisis erupts, and develop ways to effectively handle crises that do occur. The process is a long one and requires individualized plans for each case.
Many of these families are dealing with poverty, food insecurity, cultural issues, and/or deep trauma. The pandemic presented new challenges to families already overwhelmed and under-resourced and forced Safe at Home staff members to transition to a remote, telehealth environment. During the pandemic, the program staff went above and beyond clinical therapy – not only providing sensory tools to help maximize telehealth sessions, but also delivering food to help families dealing with job loss and food insecurity. As reduced restrictions allow a return to more traditional visits, the program staff is preparing for the toll the pandemic has had on both families and clinicians. They continue to develop treatments and practices that will adapt to an evergrowing need.
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IMPACT HIGHLIGHT
Stephen Ministries at St. Francis Parish, Dracut In any community, addressing the individual needs for spiritual and emotional support extends beyond the ability of priests and parish staffs alone. Parishioners at St. Francis Parish in Dracut have historically been eager to do their part to help one another and were excited to learn of a new option: Stephen Ministries. A St. Louis-based Christian education organization, Stephen Ministries equips congregation members—called Stephen Ministers—to provide high-quality, one-to-one, Christ-centered care to people in the parish and the community experiencing life difficulties. With the aid of a grant from the Catholic Health Foundation, three parishioners were able to participate in a 10-week in-depth training course to become Stephen Ministry Leaders. They, in turn, trained 17 additional parishioners to become Stephen Ministers.
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These parishioners, from a variety of different backgrounds and experience, met weekly via Zoom with trainees from across the country over the course of six months. Through readings, class discussion, roleplaying, and devotion groups, they are prepared to provide one-to-one care to people dealing with issues such as serious illness, death of a loved one, depression, loneliness, discouragement, and challenges due to aging. As Stephen Ministers, they are able to help those they care for experience God’s love in a tangible way.
“We are blessed to be part of a wonderful parish community,” said Sharon Coram, who serves as the referrals coordinator for the program. “We know that God is the cure-giver, but we are grateful to be equipped to be ‘caregivers’ to others who are suffering emotionally and spiritually.”
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IMPACT HIGHLIGHT
Franciscan Children’s Kids Healthy Minds Initiative The prevalence of mental health issues among young people in our country is truly staggering. To help address this crisis, Franciscan Children’s and the Archdiocese of Boston teamed up to develop the Kids Healthy Minds Initiative (KHMI), an innovative program designed to increase early detection of mental illness in youth while decreasing the stigma surrounding seeking help. Many Catholic schools do not have the professional resources needed to address their students’ mental health issues. KHMI clinicians work closely with teachers and staff at Catholic schools to help them recognize when a child needs support, identify resources, and consult on specific cases.
The initiative develops and presents programs to educate both teachers and families on youth mental health issues. For many students, the pandemic presented many additional needs for support. The loss of connectedness and trauma related to the consequences of COVID-19 in their families or community will present ongoing mental health challenges. As a completely grantfunded program, the support of the Catholic Health Foundation enables the KHMI team to continue to develop materials, hold education workshops, and provide the expertise of mental health professionals to help address these critical issues, particularly in underresourced schools.
An astounding 20% of youth in the U.S. have been diagnosed with a mental health problem while countless others suffer from undiagnosed and/or untreated mental illness. 26
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Combined Statement of Activities
Combined Statement of Financial Position
Fiscal Year Ended June 30, 2020
June 30, 2020
The numbers below are derived from the audited financial statements. To view the full audited financial statements, please visit bostoncatholic.org/fy20-compendium-related-organizations-0.
Changes in Net Assets without Donor Restrictions:
Catholic Community Fund
Catholic Health Foundation
TOTAL
Revenue, Gains and Other Support: Interest and dividend income $ 80,907 $ 141 $ 81,048 Change in value of split-interest agreements 4,293 9,776 14,069 Net assets released through satisfaction 18,869,276 344,556 19,213,832 of program restrictions Total revenue, gains and other support 18,954,476
354,473 19,308,949
Expenses: Program grants - Inspiring Hope 15,834,028 – 15,834,028 Program grants - other 1,922,847 275,550 2,198,397 Administrative fees - Inspiring Hope 1,587,499 – 1,587,499 Administrative fees - other 310,191 68,780 378,971 Total expenses 19,654,565 Changes in net assets without donor restrictions
(700,089)
344,330 19,998,895 10,143
(689,946)
Changes in Net Assets with Donor Restrictions: Contributions - Inspiring Hope $ 21,499,402 $ Interest and dividend income 2,085,811 Contributions - other 842,870 Change in value of split-interest agreements (515,438) Net realized and unrealized loss on investments (1,048,771) Net assets released through satisfaction (18,869,276) of program restrictions Changes in net assets with donor restrictions Total changes in net assets
3,994,598
$ 3,294,509
$
– $ 21,499,402 460,359 2,546,170 212,102 1,054,972 – (515,438) (251,714) (1,300,485) (344,556) (19,213,832) 76,191 86,334
4,070,789
$ 3,380,843
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The numbers below are derived from the audited financial statements. To view the full audited financial statements, please visit bostoncatholic.org/fy20-compendium-related-organizations-0.
Assets
Catholic Community Fund
Catholic Health Foundation
TOTAL
Cash and cash equivalents $ 11,413,224 $ 13,249 $ 11,426,473 Interest and dividends receivable 473,240 104,651 577,891 Contributions receivable, net 33,129,216 – 33,129,216 Accounts receivable 2,893 – 2,893 Investments 54,603,284 11,583,651 66,186,935 Funds held for others 5,667,491 – 5,667,491 Assets held under split-interest agreements 1,230,139 – 1,230,139 Beneficial interest in charitable remainder trusts 1,375,545 – 1,375,545 Total assets
$ 107,895,032
$ 11,701,551
$119,596,583
Liabilities and Net Assets Liabilities: Funds held for others $ 5,667,491 $ Accrued expenses 1,045,929 Annuity obligations 788,559 Due to related organizations 5,692,844
– $ 5,667,491 – 1,045,929 27,842 816,401 17,375 5,710,219
Total liabilities
45,217
$ 13,194,823
$
$ 13,240,040
Net Assets: Without donor restrictions (3,098,313) (15,915) (3,114,228) With donor restrictions 97,798,522 11,672,249 109,470,771 Total net assets 94,700,209 11,656,334 106,356,543 Total liabilities and net assets
$ 107,895,032 $11,701,551 $119,596,583
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Endowment Investments and Distributions Endowments established with the Catholic Community Fund (CCF) are invested in the Archdiocese’s Common Investment Fund and overseen by the CCF Board of Directors. Any earned interest and dividend above and beyond what is distributed (4% total annually) is added back to the principal of the fund to help it grow.
On a quarterly basis, CCF distributes 1% of the beginning-of-the-quarter market value of the endowment fund for the purpose(s) outlined for each fund. Distributions are not made if end-ofquarter market value is below the total contributed amount. Distributions can be reinvested, paid out, or accumulated and paid out as requested.
Total Market Value of Endowment Funds as of 6/30/2020 $54,601,534 6%
5%
Social Services $2,960,873
10%
Seminary $5,521,140
Womens Religious $3,381,146
YTD2020 Distributions as of 6/30/2020 $1,924,597 7%
10%
Catholic Appeal $5,327,022
3%
Social Services $57,805
9%
Education $4,799,431
12%
Seminary $221,777
14%
46%
RCAB Ministries $25,249,095
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Womens Religious $138,345
Parishes $7,362,827
7%
Catholic Appeal $126,918
11%
Education $216,758
12%
48%
Parishes $231,754
RCAB Ministries $931,240
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Bequests and Planned Gifts We are grateful to the many individuals listed here who were so generous to include the Archdiocese, their parish, school, or other Catholic cause in their will, or with another form of planned gift (e.g. trusts, life insurance, charitable gift annuity) during the 2020 fiscal year. May their souls be blessed and may they rest in eternal peace. Archdiocese of Boston Central Ministries American Century Investments Estate of Francis Elbery Estate of Charles Flibotte Estate of Claire Gorman Estate of Thomas Hanron For Archbishop Cushing Charity Estate of Helena McAleer Estate of Joseph Moroney In memory of Marilyn Pula for the Vocations Office Estate of William Powers Estate of Anna Rhoades Estate of Elizabeth Steeves For the Catholic Appeal 32
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Catholic Charities of Boston Estate of Francis Elbery
Catholic Community Fund Estate of Helena Clifford Estate of Donald Cripps For the Mr. and Mrs. Donald M. Cripps Endowment Fund to benefit St. Charles Borromeo Parish and School, Woburn Estate of Donald Cripps For the Society of St. James the Apostle Estate of Rev. John Shea For the John and Alice Shea Endowment Fund Estate of Martha Vogel For endowment to support the Catholic Appeal
Clergy Trust Estate of George Berthold Estate of Richard Campana For Regina Cleri Estate of Donald Cripps Estate of Rev. Frederick McGowan
Estate of Mary Murray Estate of Rev. Msgr. James Tierney
Parishes Arlington, St. Agnes Estate of Marguerite Mellen For maintenance and expenses of church Beverly, St. Mary Star of the Sea Estate of John Singleton Estate of Jerome Tallan Boston, Cathedral of the Holy Cross Estate of Richard Campana For choir and upkeep of organ Boston, St. Cecilia Parish Estate of Joanne Fitzpatrick Braintree, St. Francis of Assisi Parish Estate of Marie McGeoghegan For Masses for Joseph Altobelli, Caroline Altobelli, Marie McGeoghegan and Frederick Paul Burlington, St. Veronica Parish Estate of Domenica Miller As successor to St. Malachy Parish, Burlington; For Masses for D. Margaret Miller and Richard C. Miller
Charlestown, St. Mary – St. Catherine of Siena Parish Estate of Mary Sullivan Charlestown, St. Francis de Sales Parish Estate of William Emberley Estate of William Powers Dedham, St. Mary Parish Estate of Mary Geary Dorchester, St. Ambrose Parish Estate of Bernice Bigelow Dorchester, St. Martin de Porres Parish Estate of Joan Doyle As successor to St. Brendan Parish, Dorchester Estate of Anna Lessard As successor to St. Ann Parish, Dorchester Dorchester, St. Gregory Parish Estate of Thomas Hannon Dorchester, St. Teresa of Calcutta Parish Estate of Richard Campana Framingham, St. Bridget Parish Estate of Mary Murray
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Bequests and Planned Gifts Halifax/Hanson, Holy Apostles Parish Estate of Charles Faltin As successor to St. Joseph the Worker Parish, Hanson Lawrence, Corpus Christi Parish Henry Giannentonio Trust Estate of Mary Ruffino For Masses for the deceased and her late husband, Michael F. Ruffino Lexington, Sacred Heart Parish Estate of Elizabeth Phelps Lowell, Holy Family Parish Estate of Vincent Zabbo As successor to Sacred Heart Parish, Lowell Lowell, Immaculate Conception Parish Estate of Claire (Barbara) King Estate of Ann O'Donnell Lowell, St. Margaret of Scotland Parish Estate of Claire (Barbara) King Lowell, St. Michael Parish Estate of Paul Bailey Lowell, St. Rita Parish Estate of Helen Connerton
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Lynn, St. Pius V Parish Estate of Charles Craven Marlborough, Immaculate Conception Parish Estate of Charles Lyons For the purchase of eyeglasses, prosthetic limbs or mechanical devices to assist financially needy children from Marlborough Marshfield, St. Ann by the Sea Parish Estate of Margaret Kelleher Mattapan, Our Lady of Mount Carmel Parish Estate of Mary O'Gorman As successor to St. Angela Merici Parish, Mattapan Medford, Mary, Queen of Peace Parish Estate of Philomena Luongo As successor to St. Joseph Parish, Medford Estate of William Powers As successor to St. Joseph Parish, Medford Medway, St. Joseph Parish Estate of Amelia Lombard Methuen, Our Lady of Good Counsel Parish Estate of Cornelia McIntosh
Methuen, St. Monica Parish Estate of Catherine Goff Estate of Elizabeth Purcell For Masses for deceased members of the Purcell, Vicedomine and Fallon families Estate of Donald Winner Middleborough, St. Isidore Parish Luke Kelley Trust As successor to Sacred Heart Parish, Middleborough; For Masses for the deceased Milton, St. Agatha Parish Estate of Katherine McKeon Milton, St. Mary of the Hills Parish Estate of Mary O'Gorman Newton, Mary Immaculate of Lourdes Parish Estate of Richard Campana For general upkeep of St. Mary Cemetery North Andover, St. Michael Parish Estate of Rev. Paul Keyes North Reading, St. Theresa Parish Estate of Anthony Gurliaccio
Plymouth, St. Mary Parish Estate of Paul Bailey Plymouth, St. Peter Parish Estate of Paul Bailey Plymouth, St. Kateri Tekakwitha Parish Estate of Charles Flibotte Quincy, Divine Mercy Parish Estate of John and Kathleen Hannon As successor to St. Ann Parish, Quincy Estate of Gertrude Leverone As successor to St. Ann Parish, Quincy Quincy, St. John the Baptist Parish Estate of Geraldine DeBenedictis Readville, St. Anne Parish Estate of Velia DiCesare Roslindale, Sacred Heart Parish Estate of Nancy Fiumara Roxbury, St. Patrick Parish Estate of Richard Campana Estate of Joan Gould
Peabody, St. Thomas the Apostle Parish Estate of Mary Clynes
CATHOLIC COMMUNITY FUND
35
Bequests and Planned Gifts Somerville, Saints Louis and Zelle Martin Parish Estate of Joan and George Bishop As successor to St. Ann Parish, Somerville Estate of Mildred Conway As successor to St. Catherine of Genoa Parish, Somerville
Wakefield, Most Blessed Sacrament Parish Estate of Catherine Collins For Masses for Margaret Collins and Catherine Collins
South Boston, St. Brigid Parish Estate of Marguerite Mellen For maintenance and expenses of church
Waltham, St. Mary Parish Estate of Chester Fay For support of the poor and faith formation Estate of Joseph Harris
South Boston, St. Monica Parish Estate of Robert Connors South Boston, St. Peter Parish Estate of Robert Connors Estate of Antanas and Aniceta Januska Stoneham, St. Patrick Parish Estate of Alice Jefferson Sudbury, Ascension of our Lord and Savior Jesus Christ Parish Estate of Harvey Gendreau As successor to Our Lady of Fatima Parish, Sudbury Tyngsboro, St. Mary Magdalene Parish Estate of Helen Connerton
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CATHOLIC COMMUNITY FUND
Walpole, Blessed Sacrament Parish Estate of Martha Vogel
Wellesley, St. Paul Parish Estate of Richard Campana West Roxbury, Holy Name Parish Estate of Mary Egan Estate of William Kennedy In memory of the deceased's parents Mary and William Kennedy, Sr. Estate of Elizabeth Steeves West Roxbury, St. Theresa of Avila Parish Estate of Mary Sullivan Westwood, St. Margaret Mary Parish Estate of Agnes Lyons
Winchester, St. Eulalia Parish Estate of Marguerite Mellen Estate of Patricia White
South Boston, South Boston Catholic Academy Estate of Nora Gannon As successor to St. Brigid School
Winchester, St. Mary Parish Estate of Leo Salvucci
West Roxbury, Holy Name School Estate of Hugh O'Donnell To be used for scholarships for those in need
Schools Arlington, St. Agnes School/ Arlington Catholic High School Estate of Nora Gannon Estate of Donald Lee For scholarships for the neediest student Framingham, St. Bridget School Estate of Charles Bratica For the "Help a Student Fund" Lowell, St. Michael School Estate of Richard Hall Needham, St. Joseph School Estate of Pamela McNealy To be used to improve the computer department North Andover, St. Michael School Estate of Rev. Paul Keyes
CATHOLIC COMMUNITY FUND
37
Endowment Funds The Catholic Community Fund receives, oversees, and distributes earned income from permanent endowment funds on behalf of the Archdiocese of Boston. Such funds create an ongoing source of income for the missions they support, providing long-term stability for programs and operations. Funds established through Archdiocese of Boston capital campaigns are noted as such. Funds Supporting the Archdiocese of Boston
Paul Keleher Memorial Endowment Fund Helen Stubblefield Law Fund John J. and Helen E. McCarthy Memorial Endowment Office of Youth Ministry Fund* Prison Ministry Fund* Puer Natus Fund RCAB Corp. Sole Endowment Fund Walter F. and Mary C. Sullivan Endowment Fund Youth and Family Life Endowment+
Funds Supporting the Catholic Appeal
The Archdiocese of Boston is the fourth largest diocese in the country and is the spiritual home to more than 1.8 million Catholics across eastern Massachusetts.
The annual Catholic Appeal helps fund the 51 Archdiocesan Central Ministries that support 280 parishes, 100 schools, and 144 communities.
Begley Family Charitable Trust
Appeal Endowment+ Buckley Endowment John P. Cotter Jr. Trust Helen L. Deacon Trust DeStefano Family Endowment Fund
The Catholic Foundation Endowment Central Ministries Evangelization Endowment‡ Paul Devlin Trust Ethnic Apostolate Fund* Family Life & Young Adult Ministry Fund* Hispanic Apostolate Fund*
+ Established through the Third Century Capital Campaign * Established through the Promise for Tomorrow Capital Campaign ‡ Established through the Inspiring Hope Capital Campaign
CATHOLIC COMMUNITY FUND
39
Endowment Funds Rev. Joseph J. Downey Endowment Fund Richard Harold and Rose Harrington Memorial Fund+ Herman J. Kelter Endowment Rev. Philip B. Lavin Trust+ McCann Family Endowment Eugene J. McCarthy Trust Aileen T. Norris Fund
Funds Supporting the Clergy The Archdiocese of Boston is home to 536 priests in good standing, 334 in active ministry and 202 senior priests.
Funds Supporting Catholic Education More than 31,000 students are educated in 100 Catholic schools each year in the Archdiocese of Boston.
Funds Supporting the Campaign for Catholic Schools (CCS) CCS has rebuilt and now co-sponsors two academies, St. John Paul II Catholic Academy (Dorchester) and Trinity Catholic Academy (Brockton), collectively serving nearly 1,300 children in grades PreK-8.
Clergy Development Fund*
Robert G. and Michelle Cooke Atchinson Fund for Teacher Support
Bernard A. and Mary Eva McCabe Endowment Fund
Artie and Judy Boyle Scholarship Fund
Honor Folan McNulty Memorial Endowment Fund
Nellie M. Brownell Scholarship Fund Cameron Family Scholarship Fund
Rocks Family Fund
Paula Crook Clifford Annual Scholarship Fund Dorothy Holt Connolly Endowed Scholarship Jack Connors, Jr. Scholarship Fund Doris B. Cooke Scholarship Fund
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CATHOLIC COMMUNITY FUND
Susan E. Dawley Endowment for Teaching Excellence and Scholarship Support Vernon F. DeGabriele & Mary A. Orton Memorial Scholarship Fund M. Christine Driscoll Scholarship Fund Gertrude C. Flynn Scholarship Fund Corey C. Griffin Scholarship Fund F. Beirne Lovely, Jr. Memorial Endowment Sister Cecilia Leonor Navas, O.P. Scholarship Fund Pero Family Fund for Catholic Education Rose M. Pesce Scholarship Fund Lawrence Eugene Sullivan Scholarship Fund James T.A. Vanderslice Scholarship Fund Mary Cullen Walsh Endowment for Capital Improvements Richard and Margaret Walsh Scholarship Fund
Funds Supporting the Catholic Schools Foundation (CSF) CSF provides scholarship aid to low-income students so they can attend Catholic schools within the Archdiocese of Boston. Elizabeth Fenlon Curran Memorial Endowment Inner-City Scholarship Fund Merrimack Valley Catholic Schools United Fund+ Other School Endowment Fund+
Other Funds Supporting Catholic Education St. Agnes School, Arlington Agnes and Frank Florencourt Memorial Endowment Fund Mary McCarthy Memorial Scholarship Fund for St. Agnes School/Arlington Catholic High School Labouré College, Boston Jonspin Fund
CATHOLIC COMMUNITY FUND
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Endowment Funds Cardinal Spellman High School, Brockton Condon Family Scholarship for Cardinal Spellman High School Endowment Fund St. John Paul II Catholic Academy, Dorchester Sean Donnelly Bisighini Memorial Endowment Fund Mary M. Kennedy Scholarship Fund St. Mary High School, Lynn Connell Family Endowment
Scholarship support for students from Hudson, MA Ethel M. Duggan Scholarship Fund Paula Sacco Scholarship Thimot Family Endowed Scholarship
Matignon High School, Cambridge Danielle Trant Memorial Fund
Support for Literacy Early and Forever (LEAF The Philanthropic Initiative) John M. Corcoran Life Estate Fund
St. John the Baptist School, Peabody Rosa and Antonio Bertoldi Scholarship Fund Linda and Lucy Verza Scholarship Fund
Scholarship support for college students from Holy Ghost Parish, Whitman Pero Family Scholarship Fund
St. Patrick School, Stoneham Aidan Joseph Skinner Memorial Fund
Scholarship support for college students from the North End The Anthony J. Abbruzzi Scholarship Fund
St. Charles Borromeo School, Woburn Mr. & Mrs. Donald M. Cripps Memorial Endowment Fund
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Scholarship support for members of the Col. Daniel F. Marr Boys and Girls Clubs of Dorchester Daniel F. Marr, Jr. Scholarship Endowment Robert L. Marr Scholarship Endowment Fund‡
CATHOLIC COMMUNITY FUND
Funds Supporting Parish Life There are 280 parishes in the 144 communities that comprise the Archdiocese of Boston. Most Precious Blood Parish, Hyde Park Charles V. and Madeline M. Keane Fund Resurrection Parish, Hingham Resurrection Parish Lifelong Faith Formation Endowment Fund‡ Visitation Parish, Manchester-by-the-Sea Sacred Heart Parish Memorial Endowment St. Agnes Parish, Arlington The Daniel and Catherine Barry Memorial Fund St. Ann by the Sea Parish, Marshfield Robert P. Durling Endowment Fund St. Cecilia Parish, Ashland James and Mary Buckley Memorial Fund Mabel E. and James F. Buckley Memorial Endowment
St. Charles Borromeo Parish, Woburn Mr. & Mrs. Donald M. Cripps Memorial Endowment Fund Mary, Queen of the Apostles Parish, Salem L’heureux Memorial Endowment St. Joseph Parish, Belmont DeStefano Family Endowment Fund St. Patrick Parish, Lowell Mabel E. and James F. Buckley Memorial Endowment Arthur and Mary Sullivan Fund St. Paul Parish, Hingham St. Paul Parish Lifelong Faith Formation Endowment Fund‡ Parish of the Transfiguration, Wilmington Mark E. & Gertrude M. Amirault Trust
CATHOLIC COMMUNITY FUND
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Endowment Funds Other Funds Supporting Parish Life Rita and Kevin Gill and Family Endowment Fund‡ Parish Evangelization Endowment‡
Funds Supporting Seminarians There are two diocesan seminaries that receive support from Catholic Community Fund endowments: St. John’s Seminary in Brighton and Pope St. John XXIII National Seminary in Weston. George R. Baldwin Scholarship Fund Mary L. Hudgins Endowment Scholarship Roy and Ellen Hudgins Endowment Scholarship Rev. Thomas C. Hudgins Endowment Scholarship Pope Saint John XXIII National Seminary Endowment+ St. John's Seminary Endowment+
St. John's Seminary Scholarships+ In memory of: Rev. Mark Leone, OFM (1914-1998) Rev. Emery Parillo, OFM (1929-2012) Rev. John J. Philbin (1919-2004) Rev. James Publicover (1931-2003) Joseph A. Schellings Fund John and Alice Shea Endowment Fund
CATHOLIC COMMUNITY FUND
Religious Education Fund* Office of Religious Education Fund*
Funds Supporting Faith Formation These funds support the religious education and faith formation of youth and adults in our parishes, as well as Campus Ministry programs on college and university campuses within the Archdiocese of Boston. John J. and Margaret M. Flatley Endowment Master in Ministry Scholarship Fund* Cardinal Medeiros Trust Fund Parish Religious Education Endowment+
Labouré Center Endowment+
Mosakowski Family Endowment Fund‡ Pero Fund for Catholic Charities‡
Father George Salzmann, O.S.F.S., Graduate
Remondi Endowment Fund for
The Martin T. Field, MD 1901, and Mary
Resources for the Future Fund‡
Chaplain Chair Endowment Fund
Goubeau & Vincent DePaul Goubeau Fund for Campus Evangelization at Harvard University
Train Catechists Fund*
Parish Stewardship Endowment
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Permanent Diaconate Tuition Assistance Fund*
Catholic Charities‡
John M. Russell Memorial Endowment Social Services Endowment+
Youth Ministers & Catechists Fund*
Funds Supporting Women Religious Funds Supporting Social Services The Archdiocese has myriad programs that care for those in need, but the largest and most wellknown is Catholic Charities which serves tens of thousands of people annually at 23 locations throughout Greater Boston.
The Archdiocese of Boston is home to nearly 1,700 religious sisters representing more than 80 religious communities. Pero Family Fund for Women Religious Women Religious Endowment
Catholic Charities Bureau Endowment+ DeStefano Family Endowment Fund
Family Counsel and Guidance Fund+ Hooley Family Endowment Fund‡
CATHOLIC COMMUNITY FUND
45
Catholic Health Foundation Grants During the period from July 1, 2019 to June 30, 2020, 20 grants totaling $275,917 were made to the following organizations:
Organization Name
Location
Grant Purpose
Grant Amount
Cathedral of the Holy Cross
Boston
Cathedral Cares Clinic
$10,000
Catholic Charitable Bureau of the Archdiocese of Boston, Inc.
Boston
The Teen Center at St. Peter's
$15,000
The Home for Little Wanderers
Boston
In-home therapeutic services for low-income families
$15,000
Archdiocese of Boston
Braintree
No-Touch thermometers for parishes and schools
$25,000
Clergy Trust
Braintree
Dedicated Care Team
$15,000
Franciscan Children's
Brighton
Kids Healthy Minds Initiative
$25,000
Father Bill's & MainSpring
Brockton
Triage Outreach Project for Homeless
$15,000
MAB Community Services
Brookline
Greater Boston Program for Older Adults with Vision Loss
$10,000
Codman Square Health Center
Dorchester
General Operating Support for COVID-19 Response
$15,000
Project Care and Concern*
Dorchester
Donor-Directed Grant
$309
* Donor-directed
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CATHOLIC COMMUNITY FUND
CATHOLIC COMMUNITY FUND
47
Catholic Health Foundation Grants Location
Grant Purpose
St. Mary's Center for Women and Children
Dorchester
COVID-19 Emergency Fund for Mothers and Children
$50,000
St. Francis of Assisi Parish
Dracut
Stephen Ministry Leadership Training and Initiation of Stephen Ministry at St. Francis Parish in Dracut, MA
$3,200
My Brother's Keeper, Inc.
Easton
Food Assistance Program
$10,000
Wounded Warrior Project*
Jacksonville, FL
Donor-directed grant
Community Servings
Jamaica Plain
Nutrition Program for Individuals & Families Affected by Critical Illness and Chronic Disease
$13,000
Mary Immaculate Nursing and Restorative Center
Lawrence
Compassionate Connectivity for Residents
$11,600
The Carroll Center for the Blind
Newton
Senior Services for the Blind and Visually Impaired
$7,500
$308
Maria Droste Counseling Services Quincy
Substance Abuse Counseling
$10,000
St. Monica Parish
South Boston
Good Samaritan Ministry
$15,000
Weston
CARE (Caring, Access, Rx, and Education) Initiative (school nurse for Trinity Catholic Academy/ Lawrence Catholic Academy)
$10,000
Regis College
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Grant Amount
Organization Name
CATHOLIC COMMUNITY FUND
* Donor-directed
Catholic Community Fund ARC HD I O C E S E O F B O S TO N
66 Brooks Drive Braintree, MA 02184 catholiccommunityfund.org
At its heart, the Catholic Community Fund is dedicated to strengthening and preserving the Catholic faith in the 144 communities in eastern Massachusetts that make up the Roman Catholic Archdiocese of Boston. Through the Catholic Community Fund, your charitable gifts help build up our community of faith, creating a lasting impact and enriching lives for generations to come.
