2018 ANNUAL REPORT
Dear Friends, SINCE 2001, The Catholic Community Foundation has supported effective philanthropy in
The Catholic Community Foundation
And we’re ready to help you create your
makes it easy to make life better for
legacy. Together, let’s celebrate life and
In this year’s annual report, the pastor
those in need. We help our donors bring
all that it means to you.
and the school principal of St. Leonard
hope to children, families, and people of
Catholic Church & School, Muskego,
all ages who face poverty, discrimination
tell us how The Catholic Community
and violence.
What does “life” mean to you?
Southeastern Wisconsin
Foundation enhances student and
through two main roles:
parish life. St. Leonard Church
• Helping donors establish permanent charitable funds to create long-lasting support for the causes they care about • Offering parishes, schools and other Catholic organizations costeffective, socially responsible
Through cost-effective, socially
Mary Ellen Markowski President
invests its endowment fund
responsible investment management,
assets with the Foundation
the Foundation and our donors
through an agency account.
strengthen schools, parishes and other
David M. Morris
agencies. Through carefully considered
Chairman of the Board
and monitored grants, we help a wide range of charitable organizations improve life for people all across Southeastern Wisconsin. At our fiscal year-end, Foundation assets were $110.9 million. Grant awards totaled over $1.2 million this year and more than $9.3 million since our inception in 2001. As a not-for-profit 501(c)(3) corporation, the Foundation is
investment
independent of the Archdiocese of
management
Milwaukee. Our board of directors
to keep
includes Catholic religious and
endowment
community leaders. With our donors,
assets growing
we sustain and spread Catholic values here in Southeastern Wisconsin.
November 2018
FRESH ENERGY FOR SCHOOLS AND PARISHES
Bright red bins full of colorful new books
best, whether that’s on a computer or
are scattered across the library tables at
Bridging the worlds of paper and pixels
St. Leonard School in Muskego, enticing
ties into the school’s broader mission of
and challenging excited students to
educating the whole child — spiritually,
advance their reading skills.
morally, intellectually, socially and
from a book.”
physically. Above all, St. Leonard School The books are from the school’s leveled
creates a community based
literacy library — a special collection
on Catholic values,
of fiction and nonfiction works chosen
where students
to connect with students at all reading
can develop
levels, from grades K4 to 8.
character as well as capabilities.
And this leveled literacy library was built with help from a grant from The Catholic Community Foundation. “We’re firm believers in blending state-of-the-art technology and core traditions,” says Principal Lisa Ellis, Books to engage students at all reading levels make up the grantfunded leveled literacy library.
whose school also received a grant for some technology enhancements. “We help students learn in the way they do 2
Ms. Ellis, who taught for 13 years
Ms. Ellis credits Father Dan
before moving into administration, says
Janasik, St. Leonard’s pastor, with
she loves the challenge of stretching
introducing her to The Catholic
people’s thinking. “My philosophy is
Community Foundation.
building the capacity of others to lead,”
From science class to recess, students at St. Leonard live their Catholic faith, growing in mind, body and spirit.
she says. “What can I do, what tools
“If he weren’t on the board, I might not
can I find to help teachers reach their full
have known about the Foundation,” she
potential — and, in turn, help students
says. “It’s incredible that this foundation
reach theirs?”
is here — and we’re so deeply grateful.”
Grants from The Catholic Community
To Ms. Ellis, “life” means “opportunity”
Foundation have turned out to be an
— including the opportunities Catholic
important source for carrying out that
schools bring to students. “Faith-based
philosophy. Ms. Ellis says she and her
education makes
team put careful thought into their grant
all the difference,”
applications.
she says. She feels blessed to be at St.
“It’s tempting to look at what’s new,
Leonard. “These are
bright and shiny,” she says. “But we look
the best teachers
at what we already have to serve our
to work with. This is
students, and then think about how we
where I’m called to
can enhance that.”
be; I feel at home here.”
The Foundation helps the school fill in some gaps. “Teachers have more
As principal, Ms. Ellis
resources at their fingertips to
works closely with
better teach students. They can
Fr. Dan to create a
be more impactful, with tools
true parish school.
that are fun to use. Teachers get
“We make a good
inspired, and kids can feel the
duo. We have a similar
excitement.”
vision,” she says. 3
Allies for Catholic Education “The Catholic Community Foundation is an amazing supporter of Catholic education,” says Lisa Ellis, principal of St. Leonard School. “They help us reach our educational goals and dreams for all students.” Ms. Ellis encourages other schools to learn more about The Catholic Community Foundation. “If you have a project, talk to them,” she says. “They may be able to help you get it done — and they’re a blast to work with!”
Fr. Dan agrees. “In today’s world, it’s a requirement to have kids well-educated in technology. They need it to survive and thrive,” he says. At the same time, he’s delighted to see students reading books purchased with grant funds from the Foundation. “The grants we’ve applied for — the leveled literacy library, and different technology instruments — help take our children to the next level. I love seeing the impact of The Catholic Community Foundation every time I walk into this building,” he says. The school also receives scholarship funds from a donor fund an individual established with the Foundation to perpetually support select Catholic schools. “That donor makes it possible for us to provide financial assistance to those in need,” Fr. Dan says. “Having an organization like the Foundation to facilitate that is huge.” St. Leonard also relies on The Catholic Community Foundation to manage its parish endowment investments since shortly after the Foundation launched in 2001. Fr. Dan says
this service is the perfect solution for parish leaders facing the challenges of a busy, complex world. “You get socially responsible investing in accordance with Catholic teachings, low fees, great performance — and no long, labor-intensive parish meetings debating every investment decision,” he says. “It’s a godsend!”
Life is the ultimate gift from God, says Fr. Dan, and with that life comes responsibility—from serving those in need to caring for the young. “I love seeing the impact of The Catholic Community Foundation every time I walk into this building,” he says.
Letting investment professionals handle
option for investment
day-to-day management not only
management.
increases the parish’s return potential, but also frees staff and parishioners to
A few months later,
focus on other priorities.
Archbishop Jerome Listecki invited Fr.
“You can spend more time on your
Dan to serve on the
mission as a parish,” Fr. Dan says. At the
Foundation’s board as
same time, “you know you’re investing
the representative for
with an organization committed to the
archdiocesan priests.
mission of the Catholic Church.”
Fr. Dan now attends the Foundation’s quarterly meetings –
He first heard about the Foundation
and is even more impressed.
at “new pastor school” in 2012 and says he was impressed
“What really stands out is how
to discover a
committed the board members are
local, Catholic
to make The Catholic Community Foundation an agent of positive change,” he says. He’s eager to educate his parishioners, other parishes and the public about the Foundation. “Their reputation grows by word-of-mouth,” he says. “People are excited to learn that there is a Catholic entity for perpetual giving right here in the Milwaukee area, to fund the causes near and dear to their hearts.”
While the students of St. Leonard School benefit from grants through The Catholic Community Foundation, all parishioners benefit from the Foundation’s investment services. Professionals handle the day-to-day investing, increasing return potential and freeing parish staff to focus on other priorities.
He adds that the Foundation listens closely to each donor. “If you want to feed the hungry, help the homeless, support Catholic schools or parishes— the Foundation can tailor a fund to your desires. It’s not a cookie-cutter approach.” For Fr. Dan, “life” calls to mind “baptism.” “Baptism is a life-altering gift from God,” he says. “And every level of life comes with the responsibility to celebrate,
Share Your Life
nourish and cherish—as well as respect, serve and protect.”
Make a difference with The Catholic Community Foundation, supporting causes that further the Church’s mission. As a perpetual endowment, the Foundation seeks
Whether you’re a Catholic individual or
ongoing growth to meet ever-growing needs.
parish, he says, the thread that connects us all is the teachings of Jesus. “Being
We make philanthropy easy.
His disciples means living out those
• Start a fund with a gift of cash, securities or other assets. We can help structure
teachings, trying to meet the needs
your giving to fit your goals.
of society,” he says. “The Catholic
• Your gift is pooled with other funds in a diversified, socially responsible
Community Foundation helps meet all
investment portfolio to minimize costs and maximize return potential.
those needs.” n
• Investment returns add to your fund, supporting grants for your causes. • You can be as involved as you choose in the annual grant awards. You support important causes while reaping the benefits of professional investment management and experienced charitable fund administration. Help create an even better life for people in Southeastern Wisconsin today!
6
Through the Foundation, you can give to a Catholic cause or causes that further the Church’s mission, primarily in Southeastern Wisconsin. Your gift is invested in a permanent endowment, from which we award grants each year.
Donor Funds Robert T. Bautch and Randi L. Bautch Fund Joseph F. and Catherine M. Bennett Family Fund Fred and Karen Bersch Family Fund
WITHIN THE FOUNDATION
Bishop Brust Memorial Fund
Henry and Francine Ducat Fund
Building the Faith General Fund
Education Endowment Fund
James and Mary Crewe Rome Fund
Graff Family Fund
Reverend Leslie Darnieder
Carl Groth Endowment Fund
Scholarship Fund
Les and Erin Blum Family Fund
Sarah M. Dean Fund
Andrew F. Boldt Memorial
DePorres Scholarship Fund
Scholarship Fund
Directors Legacies of Faith Fund
Ralph A. Breit Fund
Carl and Ethel Groth Endowment Fund Brian D. Hanley Fund Father Gerald B. Hauser and John and Ruth Kegel Priesthood Scholarship Fund
Choose from the following fund types, naming your fund to reflect your philanthropic purpose. DESIGNATED FUND You create a fund to benefit one or more specific charitable agencies or organizations.
ADVISED FUND You recommend charitable organizations for grants, with the option to change recipients from year to year. Advised funds may offer you more advantages than a private foundation.
FIELD OF INTEREST FUND You indicate a charitable area of interest, and we find grant recipients in that area.
7
UNRESTRICTED FUND You give the Foundation full discretion in awarding grants. SUPPORTING FOUNDATION Private foundations are welcome to become part of The Catholic Community Foundation.
DONOR FUNDS, continued
John C. (Jack) and Hildegard A.
Camela M. Meyer Fund
Heegeman Scholarship Fund
Elise T. and Paul W. Meyer Fund
John A. and Norma J. Herbers Fund
Mission Fund
RWH and EMH Estate Fund
Mary Agnes Navin Fund
JCC Fund
Mary A. Navin II Fund
Rev. Carl M., Eugenia, and
Frank Ortner Charitable Fund
Lauretta Kazmierczak Priesthood Support Fund
Reverend Eugene S. Pocernich Rice Bowl Fund
Judith A. Keyes Family Fund Audrey J. Komarek Fund Legacy Fund for Tomorrow’s Present: A Lasting Tribute to the Work of Lisa-Marie Calderone-Stewart, Ed.D.
Bishop Richard Sklba for Ecumenical and Interreligious Programs Within the Ten Counties of Southeastern Wisconsin Fund Marilyn C. Schmit, PhD Fund Allen and Diane Spaeth Charitable Fund Archbishop Rembert G. Weakland Fund
St. Aemilian Fund
Whelandale Trust
St. Anthony Fund
Charles and Sara Wieber
Scholarship Fund
8
Programs Fund
The Sacred Heart Fund
St. Gerard Association Endowed
Robert L. and Elizabeth J. McGlynn Fund
Bishop Richard Sklba Biblical
Family Fund Yaniak Fund
The Foundation’s assets under management include endowment funds of local parishes, schools and other Catholic organizations. Funds are pooled in a well-diversified, socially responsible portfolio to maximize cost savings and investment performance.
Agencies Many of these agencies have multiple funds. Archdiocese of Milwaukee Blessed Sacrament, Milwaukee Blessed Trinity, Sheboygan Falls
Sacred Heart, Racine
St. Martin de Porres, Milwaukee
St. Alphonsus, Greendale
St. Mary, Dover
St. Alphonsus, New Munster
St. Mary, Kenosha
St. Andrew, Delavan
St. Mary, Menomonee Falls
St. Anthony on the Lake, Pewaukee
St. Mary, Waukesha
The Cathedral of St. John the Evangelist, Milwaukee
St. Bernard, Wauwatosa
St. Mary’s Visitation, Elm Grove
Catholic Charities of the Archdiocese of Milwaukee, Inc.
St. Boniface, Germantown
St. Paul, Milwaukee
St. Bruno, Dousman
St. Peter, Kenosha
Christ King, Wauwatosa
St. Catherine, Milwaukee
Ss. Peter and Paul, Milwaukee
Congregation of Good Shepherd, Eden
St. Charles, Hartland
St. Pius X, Wauwatosa
Divine Savior Holy Angels High School
St. Dominic, Brookfield
St. Robert Bellarmine, Union Grove
Faith In Our Future Trust
St. Edward, Racine
St. Roman, Milwaukee
Holy Family, Whitefish Bay
St. Eugene, Fox Point
St. Sebastian, Sturtevant
Immaculate Conception, West Bend
St. Frances Cabrini, West Bend
St. Stephen, Oak Creek
Lumen Christi, Mequon
Saint Francis de Sales Seminary
St. Theresa, Eagle
Marquette University High School
St. James, Mukwonago
St. Veronica, Milwaukee
Messmer Catholic Schools
St. John the Evangelist, Twin Lakes
Salesianum Alumni/AE Association
Our Lady of Divine Providence, Milwaukee
St. John Vianney, Brookfield
Sheboygan County Catholic Fund, Inc.
St. Kilian, Hartford
Society for the Propagation of the Faith
Our Lady of Good Hope, Milwaukee
St. Leonard, Muskego
Three Holy Women, Milwaukee
Our Risen Savior, Eldorado
St. Lucy, Racine
Waukesha Catholic School System, Inc.
Presentation of the Blessed Virgin Mary, North Fond du Lac
St. Luke, Brookfield
Wisconsin Catholic Conference
St. Margaret Mary, Milwaukee 9
The Catholic Community Foundation has awarded over $9.3 million in grants since inception. This fiscal year 2017/2018 we awarded $1,276,573 in grants for programs and projects that support four priorities.
Grant Recipients The following organizations received grants from donor funds within the Foundation. Adult Learning Center .................................................. $ 5,000 All Saints Catholic School, Kenosha.............................. $ 10,000 Archdiocese of Milwaukee .......................................... $ 98,550 various programs Archdiocese of Milwaukee Catholic Stewardship Appeal ..................................................... $
Congregation of Holy Angels, West Bend.................... $ 50,290 CORE/El Centro............................................................ $ 12,500 Cristo Rey Jesuit High School....................................... $ 10,200 Crosier Fathers............................................................. $ 8,115 Daystar, Inc................................................................... $ 10,000 Delavan Area Youth Service Foundation, Inc................. $ 2,000
2,660
Dismas Ministry........................................................... $ 3,000
Ascension Seton Dental Clinic...................................... $ 15,000
Divine Mercy School..................................................... $ 10,400
Audio & Braille Literacy Enhancement, Inc.................. $ 5,000
Divine Savior Holy Angels High School......................... $ 4,349
Basilica of the National Shrine of Mary Help of Christians at Holy Hill ........................ $ 1,190
Dominican High School................................................ $ 12,200 Edmundite Mission....................................................... $ 8,115
Benedict Center............................................................ $ 20,000 Bethany Apartments..................................................... $ 455 Bread of Healing Clinic................................................. $ 12,500 Broadscope Disability Services.................................... $ 5,000 Cardinal Stritch University............................................. $ 1,975
We focus on four areas: EDUCATION for students in Catholic schools and religious programs in kindergarten through twelfth grade
The Cathedral Center.................................................... $ 10,000
Catholic Central High School, Burlington...................... $ 10,300
LEADERSHIP DEVELOPMENT informing leaders for parishes, schools and agencies that help advance the church
Catholic Charities.......................................................... $ 36,650 various programs
HEALTH CARE for the underserved in Milwaukee
Cathedral of St. John the Evangelist............................ $ 13,605
Catholic Memorial High School..................................... $ 9,000 Christ King School........................................................ $
1,146
CommonGround Ministry............................................. $ 10,000 10
COMMUNITY BUILDING to strengthen families, parishes and those suffering from poverty, discrimination and violence
GRANT RECIPIENTS, continued
Feeding America Eastern Wisconsin............................ $ 500
Maryknoll Fathers and Brothers................................... $ 8,115
Foundation for Religious Retirement............................ $ 6,550
Medical College of Wisconsin...................................... $ 10,000
Franciscan Peacemakers.............................................. $ 13,000
Messmer Catholic Schools........................................... $ 20,200
The Gathering of Southeast Wisconsin........................ $ 10,000
Milwaukee Center for Children and Youth, Inc.............. $ 8,000
Gesu Parish.................................................................. $ 7,485
Milwaukee Center for Independence........................... $ 5,000
Glenmary Sisters.......................................................... $ 4,700
Milwaukee Christian Center......................................... $ 12,500
The Guest House of Milwaukee................................... $ 10,000
Milwaukee Habitat for Humanity.................................. $ 500
Hmong American Friendship Association, Inc.............. $ 5,000
Milwaukee Homeless Veterans Initiative...................... $ 9,000
Holy Angels School Trust Fund, West Bend.................. $ 51,480
Milwaukee Rescue Mission.......................................... $ 5,000
Holy Family Parish, Fond du Lac................................... $ 6,020
Missionary Oblates of Mary Immaculate..................... $ 8,115
Holy Wisdom Academy................................................ $ 800
Nativity Jesuit Academy............................................... $ 6,050
Hope Center, Waukesha............................................... $ 9,000
New Threads of Hope................................................... $ 10,000
House of Peace............................................................ $ 10,000
Notre Dame School of Milwaukee................................ $ 15,085
John Paul II Academy, Racine....................................... $ 27,330
Office of the Propagation of the Faith.......................... $ 1,145
Journey House, Inc....................................................... $ 9,000
Penfield Children’s Center............................................ $ 15,000
Kathy’s House............................................................... $ 5,000
Peru Catholic School..................................................... $ 500
Kyle’s Korner, Inc.......................................................... $ 3,000
Petawa Residence and Cultural Center........................ $ 5,000
Lotus Legal Clinic.......................................................... $ 8,000
Philippine Cultural and Civic Center Foundation........... $ 10,000
Lumen Christi Congregation......................................... $ 4,000
Pius XI High School...................................................... $ 11,000
Marquette University.................................................... $ 13,665
Prevent Blindness Wisconsin....................................... $ 7,500
Marquette University Brian D. Hanley Memorial Scholarship Fund ......................................... $ 15,000
Priests of the Sacred Heart.......................................... $ 8,115 Project Concern of Cudahy-St. Francis, Inc................... $ 5,000
Marquette University High School................................ $
4,732
Project RETURN, Inc.................................................... $ 5,000
Mary, Queen of Saints Catholic Academy.................... $ 4,000
Sacred Heart Seminary and School of Theology........... $ 10,000
11
GRANT RECIPIENTS, continued
St. Ann Center for Intergenerational Care.................... $ 11,750
St. Thomas Aquinas Academy...................................... $ 5,600
St. Anthony School Milwaukee..................................... $ 5,000
St. Thomas More High School...................................... $ 17,200
St. Benedict Community Meal..................................... $ 13,000
St. Vincent de Paul Society of Milwaukee.................... $ 10,000
St. Ben’s Clinic at the Cathedral Center........................ $ 15,000
Salesian Missions......................................................... $ 12,815
St. Bruno Parish School, Dousman............................... $ 10,000
Salvatorian Mission Warehouse.................................... $ 17,780
St. Catherine High School, Racine................................ $ 13,665
School Sisters of Notre Dame...................................... $ 25,815
St. Charles Borromeo Parish School............................. $ 2,400
Serenity Inns................................................................ $ 5,000
Saint Francis de Sales Seminary................................... $ 43,990
SET Ministry, Inc........................................................... $ 10,000
St. Gregory the Great School........................................ $ 4,000
Seton Catholic Schools................................................. $ 10,000
St. Joan Antida High School......................................... $ 10,200
Siena Catholic Schools of Racine.................................. $ 10,000
St. John the Evangelist School..................................... $ 8,800
Sisters of the Divine Savior.......................................... $ 8,115
St. Josaphat Parish School........................................... $ 800
Sisters of St. Francis of Assisi...................................... $ 12,815
St. Joseph Parish School, Big Bend.............................. $ 11,650
Sixteenth Street Community Health Center................. $ 15,000
St. Jude the Apostle Parish School............................... $ 2,292
Soaring Eagle................................................................ $ 8,115
9,115
Society of the Divine Savior.......................................... $ 26,380
St. Leonard Parish School, Muskego............................ $ 21,645
Three Holy Women Parish............................................ $ 1,460
St. Mary’s Visitation Parish School................................ $ 382
Trinity Missions............................................................. $ 8,115
St. Matthew Parish School, Oak Creek......................... $ 7,200
United Community Center........................................... $ 10,000
St. Matthias Parish School............................................ $ 1,600
Veritas Society.............................................................. $ 462
St. Patrick Parish........................................................... $ 10,000
Vision Forward Association........................................... $ 12,500
St. Paul Parish School, Genesee Depot........................ $ 8,000
Waukesha Catholic School System.............................. $
St. Peter Parish, Slinger................................................ $
1,190
Wauwatosa Catholic..................................................... $ 1,146
St. Roman Parish School.............................................. $ 1,600
Women’s Care Center.................................................. $ 463
St. Sebastian Parish School.......................................... $ 1,146
The Women’s Center, Inc., Waukesha.......................... $ 7,500
St. Lawrence Seminary, Mt. Calvary............................ $
12
2,580
Statement
OF FINANCIAL POSITION JUNE 30, 2018 AND 2017
ASS E TS
LIABILITIES A N D N ET ASSETS
Current Assets 2018 2017
Current Liabilities 2018 2017
Cash and cash equivalents:
Accounts payable:
Foundation
Agency funds
$
261,192
152,223
Foundation
5,550
$
19,900
Agency funds
125,728
119,256
Accrued liability
42,600
21,845
Accounts receivable:
Foundation
72,123
57,337
Total Current Assets
338,865
229,460
Current portion of capital leases
Other Assets Prepaid expenses
$
88,426
–
$
Total Current Liabilities
86,839
419
256,754
228,359
Long-Term Liabilities 5,713 4,234
Property and equipment
21,145
Long-term portion of capital leases
8,463
–
–
Agency funds 73,790,089 69,203,861
Total Long-Term Liabilities
73,790,089 69,203,861
Total Liabilities 74,046,843
Investments (at fair value) Long-term investments 36,625,555 28,535,271
69,432,220
Agency funds 73,910,267 69,303,217
Net Assets
Total Investments 110,535,822 97,838,488
Unrestricted funds
Total Other Assets 110,562,680 97,851,185
Temporarily restricted funds
Total Assets
$ 110,901,545
$ 98,080,645
Total Net Assets
Total Liabilities and Net Assets
13
27,713,264 19,772,832 9,141,438
8,875,593
36,854,702 28,648,425 $ 110,901,545
$ 98,080,645
Statement
OF ACTIVITIES YEAR ENDED JUNE 30, 2018 AND 2017
Temporarily Year Ended Temporarily Year Ended PUBLIC SUPPORT AND REVENUE Unrestricted Restricted 2018 Total Unrestricted Restricted 2017 Total Contributions
$
Interest and dividend income
Realized gains (losses) on investments
Unrealized gains (losses) on investments
Investment management fees
7,360,850
$
$
7,364,754
$
495,933
$
—
$
495,933
185,156
695,810
335,032
153,491
488,523
582,402
2,201,422
578,377
263,292
841,669
(264,202)
(12,500)
(276,702)
1,580,561
722,846
2,303,407
(170,599)
(61,590)
(232,189)
(118,738)
(54,175)
(172,913)
253,058
(417,421)
—
510,654 1,619,020
3,904
Administrative fee on agency endowments
279,874
—
279,874
253,058
—
Net assets released from restrictions
431,527
(431,527)
—
417,421
Total Public Support and Revenue
9,767,124
265,845 10,032,969
3,541,644
Grants approved for charitable purposes
1,276,573
— 1,276,573
993,334
—
993,334
Program related expenses
189,719
—
183,026
—
183,026
344,276
—
344,276
668,033
4,209,677
EXPENSES
Supporting services:
189,719
Administrative expenses
360,400
—
360,400
Total Expenses
1,826,692
—
1,826,692
1,520,636
—
1,520,636
Change in Net Assets
7,940,432
265,845
8,206,277
2,021,008
668,033
2,689,041
Net Assets - Beginning of Year
19,772,832
8,875,593 28,648,425
17,751,824
8,207,560
25,959,384
Net Assets - End of Year
$ 27,713,264
$ 8,875,593
$ 28,648,425
$ 9,141,438
14
$ 36,854,702
$ 19,772,832
Summary
OF INVESTMENTS YEAR ENDED JUNE 30, 2018 AND 2017
Investments as of June 30, 2018 Cash and cash equivalents
$
Cost Value 159,300
$
Fair Value 159,300
Large/mid-cap equities and S&P 500 index fund
15,689,084
25,530,384
Domestic small/mid-cap common stock
8,176,789
9,501,018
International equities
37,874,041
40,350,460
Commodities and inflation hedges
5,855,779
5,713,786
Bond mutual funds
23,377,901
23,061,788
Real estate
821,492
1,702,619
Hedge composite
3,500,000
4,516,467
Total Investments
$
Investments as of June 30, 2017
Cash and cash equivalents
$
95,454,386
$ 110,535,822
Cost Value 298,466
$
Fair Value 298,466
Large/mid-cap equities and S&P 500 index fund
15,762,662
26,677,324
Domestic small/mid-cap common stock
6,796,815
7,915,464
International equities
29,806,793
32,416,780
Commodities and inflation hedges
5,384,233
4,800,750
Bond mutual funds
20,238,950
20,548,411
Real estate
847,822
1,460,586
Hedge composite
3,000,000
3,720,707
Total Investments
$
15
82,135,741
$
97,838,488
Notes
TO FINANCIAL STATEMENTS
Estimates
Net Assets
The preparation of financial statements in conformity with accounting principles
Net assets, revenues, gains and losses are classified based on the existence or
generally accepted in the United States of America requires management to make
absence of donor-imposed restrictions. Accordingly, net assets of the Foundation
estimates and assumptions that affect the reported amounts of assets, liabilities,
are classified and reported as follows:
revenues and expenses and the disclosures of contingent assets and liabilities at
Unrestricted Net Assets
the date of financial statements. Actual results could differ from these estimates.
Net assets that are not subject to donor-imposed stipulations.
Tax-Exempt Status The Foundation is exempt from federal and state income taxes on related exempt
Temporarily Restricted Net Assets
function income under Section 501(c)(3) of the Internal Revenue Code and has
Net assets subject to donor-imposed stipulations that either expire by passage
been classified as an organization other than a private foundation.
of time or can be fulfilled and removed by actions of the Foundation pursuant to those stipulations.
Agency Endowment Funds Certain Catholic parishes and other organizations have transferred funds to the
Permanently Restricted Net Assets
Foundation for management. These funds are invested with the other funds of the
Net assets subject to donor-imposed stipulations that they be maintained
Foundation, but title is retained by the transferring organization and the funds are
permanently by the Foundation. Currently, the Foundation does not have
reflected in the statements of financial position of the Foundation as investments
any permanently restricted net assets.
and the corresponding amounts listed as current and long-term liabilities.
The Catholic Community Foundation is audited annually. Copies of the complete audit reports are available upon request.
16
Board
OF DIRECTORS
Carol McInerny Community Volunteer, former Domestic Tax Director, Johnson Controls International, PLC
Debra Alder President and CEO, Alder Companies Thuy Barron Managing Director, Deloitte Tax LLP
Mary Ellen Markowski President The Catholic Community Foundation
Camela M. Meyer Vice President and Trust Officer, The Chicago Trust Company, N.A.
Christopher Brown Treasurer and Chief Financial Officer, Archdiocese of Milwaukee
Anthony Nguyen Region Bank President, Wisconsin Region, Wells Fargo Bank, N.A.
Barbara Anne Cusack Chancellor, Archdiocese of Milwaukee
Thomas J. Nolte Director, BMO Global Asset Management
Matthew B. Fahey Community Volunteer, former Managing Director, BMO Global Asset Management
Ann M. Rieger Attorney, Davis and Kuelthau, SC Most Rev. James Schuerman Auxiliary Bishop, Vicar General, Archdiocese of Milwaukee Maureen Stapleton President, Stapleton Realty and Appraisal David R. Strelitz Senior Vice President & Regional Manager, Associated Bank Private Client Services
STAFF
Thomas J. Fischer Fischer Financial Consulting LLC
David M. Morris Chairman of the Board First Vice President, Financial Consultant, RBC Wealth Management
Very Rev. Daniel Janasik Pastor, St. Leonard, Muskego Judy Keyes Community Volunteer John Blickle Controller
Brian Lucareli Director of FOLEY Private Office, Foley & Lardner LLP
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Julie Kurer Administrative Coordinator
637 EAST ERIE STREET MILWAUKEE, WI 53202 n
T: 414.431.6402 F: 414.431.6407 n
legaciesoffaith.org
The Catholic Community Foundation is a not-for-profit Wisconsin Corporation, tax-exempt pursuant to Section 501(c)(3) of the Internal Revenue Code and governed by its own Board of Directors. The Foundation is a separate civil and canonical entity independent of the Archdiocese of Milwaukee. For more information on how you can provide for your community — in perpetuity — visit legaciesoffaith.org.