2019 Annual Report
2019 Annual Report July 1, 2018—June 30, 2019
TABLE OF CONTENTS .........................................................2 MESSAGE FROM EXECUTIVE DIRECTOR ...........................3 BOARD OF DIRECTORS .......................................................4 COMMITTEE MEMBERS......................................................5 TRUST BALANCES ...............................................................6 GRANTS ............................................................................ 10 ESTATE PLANNING .......................................................... 11 STATEMENT OF FINANCIAL POSITION ............................ 12 STATEMENTS OF ACTIVITIES ........................................... 13
Page 2
From the Executive Director Dear Friends of The Catholic Foundation,
I
am so excited to share this annual report with you this year. It is with a sense of pride of the many accomplishments we have achieved this year through our membership drive, portfolio management, dedication to our donors as well as our beneficiaries.
I would like to thank our volunteer board members who share their time and talents to continue the growth of the Foundation each year. We have 47 Board of Directors across the diocese who help to educate potential donors on how to leave a legacy gift. As you read through this report I hope that it generates pride within you. It is because of your generosity that we are able to continue to grow the Foundation each year. The Foundation staff is here to help you with your legacy gift. Please contact our office and we will work with you on the type of gift that meets your philanthropic goals.
Warmest Regards,
Rebecca Harris Executive Director
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Board of Directors OFFICERS OF THE FOUNDATION Bishop Joseph Kopacz Joe Rice, Jr. Chris Correro
Director President Vice President-President Elect
Michael Kimbrell
Treasurer
Diane Pumphrey
Secretary
Charles Adams, Jr. ................................ New Orleans Eddie Adkins ................................................ Gluckstadt
Anna Langley ..................................................... Oxford
Joe Azar Jr. ..................................................... Batesville
Most Reverend Joseph Latino ....................... Emeritus
Marc Biggers .............................................. Greenwood
Lewis Mallory, Jr. ........................................... Starkville
Patrick Biglane ................................................. Natchez
Steve Massey .................................................
Sara Burrow .................................................... Madison
Jim McCraw .................................................... Jackson
Carolyn Callahan ............................................ Madison
Bill O’Connor ..................................................... Clinton
Paul Cassisa ...................................................... Oxford
Emil Pawlik ..................................................... Jackson
Chris Cox .......................................................... Flowood
Marion Roberson .......................................... Vicksburg
Ricky DeAngelo .............................................. Greenville
Allan Scott.........................................................
Rev. Lincoln Dall .................................................... Pearl
Stephen Shackelford ..................................... Jackson
Margie Delaney ............................................... Brandon
Bryan Shaver ........................................... Olive Branch
Dr. Wayne Ebelhar ....................................... Greenville
Steve Shirley ...................................................
George Evans ................................................. Madison
Michael Smith .........................................
Keith Fulcher ................................................
Cleveland
A. J. Stone, Jr. ................................................. Jackson
John Geary ...................................................... Jackson
Yvonne Thaxton. ............................................ Brandon
Robin Haire……………………………...………………….Grenada
Rev. Scott Thomas . .......................................
Harrison Hart ................................................... Madison
Katie Walley ................................................... Brandon
Ewin Henson, III ......................................... Greenwood
Christopher Walters ...................................... Brandon
Karen Hulett .................................................... Madison
Dr. David Wender ........................................... Jackson
Rev. Gerry Hurley ............................................. Flowood
Lee White, II ...................................................... Natchez
Rev. Jason Johnston ...................................... Starkville
Donna Williams .............................................. Jackson
Jeff King ........................................................... Brandon
Jackson
Clinton
Jackson
Brookhaven
Natchez
Page 5
Committee Members Executive Bishop Joseph Kopacz Joe Rice, Jr. Chuck Adams, Jr. Carolyn Callahan Chris Correro George Evans John Geary Rebecca Harris Harrison Hart Michael Kimbrell Lewis Mallory Diane Pumphrey Steve Shackelford Fr. Lincoln Dall Michael Smith A.J. Stone, Jr.
Budget President
Vice President Emeritus Executive Director Treasurer Secretary Staff
Investment Bishop Joseph Kopacz Chris Correro John Geary Rebecca Harris Joe Rice, Jr. Steve Massey Steve Shirley
Chair Emeritus Executive Director
Chair Executive Director Staff
Chair
Income Development Marc Biggers Pat Biglane Paul Cassisa Ricky DeAngelo Wayne Ebelhar Keith Fulcher Rebecca Harris Karen Huelett Anna Langley Jim McGraw Bill O’Connor Emil Pawlik Bryan Shaver Mike Smith Chris Walters
Chair Executive Director
Nominating Bishop Joseph Kopacz Rebecca Harris Lewis Mallory Jim McCraw Joe Rice, Jr. Fr. Lincoln Dall Lee White
Grant Allocation Bishop Joseph Kopacz Carolyn Callahan Margie Delaney Wayne Ebelhar Joe Rice, Jr. Rebecca Harris Ewin Henson Fr. Lincoln Dall Sonny Stone Donna Williams
Joe Rice, Jr. Michael Kimbrell Rebecca Harris
Executive Director
Staff
Golf Tournament Stephen Carmody Rebecca Harris Mike Kimbrell Chris Luke Katie Walley Ethel Westbrook Mary Woodward
“Let no one ever come to you without leaving better and happier. Be the living expression of God’s kindness.” Saint Mother Teresa of Calcutta
Chair Staff Staff
Page 6
Trust Balances by category as of June 30, 2019 Campus Ministry Dean Allen McGhee St. John Trust for Campus Ministry
Total Principal
$34,682
Catholic Charities A. Clinton and Margaret Smith Associated Charities Trust Catholic Charities Catholic Charities Northeast Office Trust Catholic Charities Victims of Abuse Trust Cogan/Chamberlain Families Trust Downey-Klingen Family Holy Innocents Trust Lucille Bailey Thomas Fund Msgr. Noel Foley O'Beirne-Williams Rose Harris Memorial Trust The Mamie Mastronardi Trust Wallace Carpenter Family #1 William Bernard Kovarik Memorial Trust William R. Baird
Total Principal
$984,424
Diocesan Albert James and Christine Magruder Hackl Family Trust Beltzhoover Mass Trust Bishop William R. Houck Bishop William R. Houck Catholic Diocese Trust Catholic Engaged Encounter Endowment for Evangelization Hagen Family Harland & Romain Adams Jackson Diocese Special Needs Jane Gitz Trust Jane Hewes John & Mary Catherine Grower Joseph E. Canizaro, Sr. Family Matthew Scott "Polska" Gatewood Trust Office of the Tribunal Our Lady of Guadalupe Ron and Catherine Tisch Trust Shackelford Trust The Frank J. Mastronardi Trust for the Diocese W.F. Coolbaugh Youth Ministry Office Endowment
Total Principal $3,293,792
Foundation Charitable Purposes Ambrose B. Dunn Anthony & Dorothy Roman Anthony Thomas Family Bishop Joseph B. Brunini Bishop William R. Houck Memorial Trust Business PLUS
Catherine Ann Cross Catherine Goetz Gill Catherine McCosker CF Presidential Trust Corinne Laguzzi Hinton Dr. William Cunningham McHardy Memorial Edith D. Hegman Edward Buttross #1 Englehart & Merzweiler Fr. Don Derivaux Memorial Trust Fr. Lawrence Watts #1 Fr. Lawrence Watts #2 George Roman Chartiable Works Trust John H. Geary John T. Kelly Joseph & Nena Hildebrand Joseph R. Kopacz Trust Kenneth A. & Mary Brown Lawrence F. Boland Leo T. Donneelly Manuel J. Scanlon Mary Nell Donohoe Memorial Trust Mr. & Mrs.Raymond A. Rayne Pradat Family Rev. Msgr. James T. McKenna Reverend Martin Ruane Memorial Trust Reverend Patrick Noonan Memorial Trust Richard & Betty Herschede #1 Unrestricted Trust W.E. Gene & Dorothy M. Taylor William H. Miller
Total Principal
$1,430,556
Foundation Operations Charles P. and Kathryn O. Adams Trust Richard and Betty Herschede #2 Msgr. Patrick Thaddeus Harkins Trust Lifetime Membership
Total Principal
$947,914
Insurance John H. Geary (foundation purposes) Margaret O. Williams (Catholic Charities) Knights of Columbus (for Seminarian Education) Dennis J. Antici Daniel H. Bicknell Martin K. Bisek David A. Breaux Michael P. Brechtel Catherine A. Brulin Vincent P. Chiarito Paul J. Croft Michael E. Daves Cathy W. Ditcharo Wayne Ebelhar Brian T. Engelland Theodore D. Gray Sterling O. Knight Marvin L. Lott Jobe Maynor
Marion J. McCraw, II William L. Morris Jim V. Pate John F. Piazza Patrick K. Quinn Dennis K. Riecke Jerry C. Roberts George Roman Dr. James R. Rooks Joel David Summers Thomas W. Thornton John W. Turner, Jr.
Policy Amount
$490,449
ď ¤ Parish Trusts Total Principal
$7,112,341
Aberdeen - St. Francis Teresa B. Pryor
Total Principal
$27,350
Amory - St. Helen St. Helen Parish
Total Principal
$22,289
Booneville- St. Francis St. Francis of Assisi Parish
Total Principal
$67,359
Brookhaven - St. Francis St. Francis of Assisi Parish
Total Principal
$50,443
Camden, Sacred Heart Immaculate Conception Cemetery Trust
Total Principal
$21,309
Canton - Sacred Heart Bertha Gross Edward Buttross #2
Total Principal
$26,921
Carthage - St. Anne Leake County - St. Anne Catholic Cemetery
Total Principal
$24,261
Clarksdale - St. Elizabeth St. Elizabeth Parish
Total Principal
$1,700
The Catholic Foundation
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Trust Balances by category as of June 30, 2019 Cleveland Our Lady of Victories
Greenwood - Immaculate Heart of Mary
Joe and Victor Aguzzi Rev. Thomas Lalor
Alex & Stella Malouf, Sr. Florence M. Biggers Immaculate Heart of Mary Priest Appreciation Trust John & Maggie Malouf Josephine Barlow Loyce Upchurch Dykes Trust McGeary Family Rev. Msgr. John F. Clerico Vennis L. Upchurch Wallace Carpenter Family #2
Total Principal
$110,154
Clinton - Holy Savior Charles and Mark LeBlanc Memorial Holy Savior Parish James N. Wallace Sisters Michele Doyle and Kathleen Kunze
Total Principal
$125,598
Corinth - St. James St. James Parish
Total Principal
$3,029
Crystal Springs - St. John Abraham M. and Clara H. Boackle
Total Principal
$4,290
St. Paul Parish
Total Principal
$12,760
Total Principal
$19,085
Gluckstadt - St. Joseph St. Joseph Cemetery Trust St. Joseph Parish
Total Principal
$88,788
Greenville - Sacred Heart Sacred Heart Greenville Tuition Endowment
Total Principal
$13,057
Greenville - St. Joseph Augustine J. "Gus" Correro Frank Binder Hugh and Agnew Van Norman Jim Crawford Memorial Trust Joseph "Bo" Watson Joseph Reilly Katherine Reilly Margaret Loyacono Patricia Prewitt St. Joseph Church St. Vincent de Paul Vincent and Camille P. Provenza
$570,670
Christ the King Parish Patricia Green
$3,377
Jackson - St. Richard Barbara Hardin Crespino Memorial Trust Msgr. Josiah G. Chatham St. Richard Special Kids St. Richard's Youth Program (Jake Addison)
Total Principal
$92,768
$799,737
Jackson - St. Therese
Fr. Nathaniel Machesky
Brother Luke Pearson Scholarship Trust Leah Youngblood Louis V. Covert Memorial Scholarship Trust St. Therese Parish
Total Principal
$13,383
Grenada - St. Peter Christopher Harris Scholarship Trust John and Mary Messina Memorial Trust
$114,861
Holly Springs - St. Joseph Total Principal
St. Michael Parish
Jackson - Christ the King Total Principal
David A. Houck St. Joseph Parish
Forest - St. Michael
$686,975
Greenwood- St. Francis
Total Principal
Flowood - St. Paul
Total Principal
Total Principal
Total Principal
$30,914
Houston Immaculate Heart of Mary Phyllis Bray Teresa B. Pryor
Total Principal
$29,372
Iuka - St. Mary $4,177
Jackson Cathedral of St. Peter Clarence & Rubye Lefoldt Ellis Joseph & Herbert Nunnery Frank Mastronardi Trust for the Cathedral of St. Peter the Apostle James T. Canizaro Family Joey & Jenny Donnell Keith E. Edwards Memorial Lance & Elaine Brien Michael & Melanie Dowell Neel Family Richard & Frances Boeckman (Millsaps) Sister Claudia Murphy St. Peter Cathedral Parish
$96,507
Lexington - St. Thomas St. Thomas of Lexington
Total Principal
$4,668
Madison - St. Francis St. Agnes Fund St. Francis Parish
Total Principal
$82,953
McComb - St. Alphonsus Igor Santos M.B. and D.C. Schott Memorial Trust St. Alphonsus Parish Thomas B. Austin
Total Principal
St. Mary Parish
Total Principal
Total Principal
$47,264
Meridian - St. Joseph Bernice R. Pringle Memorial Trust Charles and Mary Bohannon Trust
Total Principal
$11,930
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Trust Balances by category as of June 30, 2019 Meridian - St. Patrick
Port Gibson - St. Joseph
St. Patrick Cemetery Trust St. Patrick Parish
Eli and Kathryn Cogan Ellis Memorial Trust Msgr. Thad Harkins St. Joseph Catholic Cemetery Trust St. Joseph Parish
Total Principal
$147,869
Natchez - Assumption D'Antoni Family Rev. Patrick Hayden Rosa and Emilio Benedettini Trust
Total Principal
$62,050
Total Principal
Senatobia - St. Gregory St. Gregory the Great Parish
Total Principal
Natchez - St. Mary Basilica
Shelby - St. Mary
Annette Lombardo Davidson McGraw Charles H. Berdon Family Guerico Family Trust St. James Cemetery Trust McGraw Trust St. Mary Parish Trippe Family
St. Mary Parish
Total Principal
$1,550,623
$11,083
$32,569
Paulding - Dan M. Skehan Paulding - Eva and William Harrington Paulding - St. Michael's Catholic Cemetery St. Michael (Paulding) Parish
Total Principal
$44,347
Philadelphia - Holy Rosary Choctaw Indian Mission Trust Holy Rosary Indian Mission Cemetery Trust Holy Rosary Parish Indian Mission Lands Trust
Total Principal
$189,696
$9,452
Retreat Centers The Dwelling Place Endowment Fund
Total Principal Rev. Patrick Quinn
$11,635
Total Principal
West Point Immaculate Conception Immaculate Conception Parish Jody Portera
Total Principal
$35,848
Winona - Sacred Heart Betty Humphries Neal Louise B. Jones Raymond Dietta Family Sacred Heart
Total Principal
$9,407
Schools Total School Trusts
$6,679,374
Clarksdale - St. Elizabeth Elizabeth Malatesta Scarborough Trust Shepherd William Haaga Trust St. Elizabeth School
$22,458
Woodville - St. Joseph St. Joseph Church
Total Principal
$7,022
Saltillo, Mexico
Josephine R. Walters St. Paul Parish
Total Principal
$590,218
$11,817
St. Michael Parish
Vicksburg - St. Paul
Paulding - St. Michael
Bishop Joseph B. Brunini Burse Clarence and Mary Carroll Dan and Marie Nicholas Eli and Kathryn Ellis J.C. Maloney #1 John Browne Family Josephine and Bob Nader Lucille Bailey Thomas Priest Retirement Messina and Tuminello Family #1 Msgr. Edward Cratin Msgr. P.J. Carey Tessie Peatross Hickman (Bishops)
Total Principal
Vicksburg - St. Michael
Clayton Stephens Benevolent Trust Frances Breaux Smith Scholarship Trust Frances Selzer Talbert Mary Lillian "Sue" Hart Trust Robert W. Cleary St. John Trust for Campus Ministry The Jane Cassisa Scholarship Trust Victor and Gladys Baglioni Vocation Trust
$486,401
St. Mary's Scholarship
Total Principal
$1,116,217
$7,632
Vicksburg - St. Mary
Oxford - St. John
Total Principal
$48,957
Tupelo - St. James
Total Principal
Newton - St. Anne Total Principal
$5,326
St. Joseph Parish
Total Principal
Total Principal
Priest Retirement
Starkville - St. Joseph
Total Principal
St. Francis Parish
Emily O'Rorke Summer
Total Principal
Edward T. Jordan, Jr. Jordan Family Margaret M. Swayze Marion Dongieux, Sr. Mr. and Mrs. D.P. McGowan Trust St. Mary Parish Trust
$9,429
St. James Parish
New Albany St. Francis of Assisi Total Principal
$89,934
Yazoo City - St. Mary
$11,052
Total Principal
$101,395
Columbus - Annunciation Annunciation School Total Principal
$541,845
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Trust Balances by category as of June 30, 2019 Greenville Our Lady of Lourdes Robert and Helen Turcotte Memorial Trust Sarah Lee V. Little
Total Principal
$13,926
Greenville - St. Joseph Beatrice Bea Wise Br. Thomas Geraghty Century III Foundation Charisse Harris David L. Vickers Eddie Somers Edna and George Shamoon Elias P. Shapley Perpetual Trust Frances Hickman Memorial Trust J.P. Tonnar J.W. Blalack Jason P. Mandolini Jeremiah and Julia Mary Corcoran Jerry Hendrick Jesse Edwards Ken Radigan Martha K. Lenoir Matthew James Cannatella Paul Edward Abide, Sr. Rebecca Rosella Rev. Gene Chatagnier Richard and Mary Somers Sister Marie Alspaugh Sisters of Mercy Perpetual Trust Fund St. Joseph Charitable Trust St. Joseph Endowment
Total Principal
$1,545,695
Greenwood St. Francis of Assisi Biggers Machesky Scholarship Trust Michael and Melanie Dowell St. Francis of Assisi Thaxton Family
Total Principal
$181,289
Jackson Sister Thea Bowman Dr. Gloria D. Beal Sister Thea Bowman
Total Principal
$32,705
Jackson - St. Richard Jules Michel St Richard School Trust St. Richard Certified Teacher Incentive St. Richard Education Trust
Total Principal
$661,513
Madison St. Joseph High School Angela Kajdan
Mathew Johnston Memorial Trust Maureen McCarthy Michael "Duke" and Matthew Rene Barbee Patrick Grower and John G. Subowicz Pete and JoAnn Foret Rebecca Hirtz Hargon Robert Bruce McArthur St. Joseph High School St. Joseph High School Endowment Thomas A. Wolf William Dunning Trust
Total Principal
$723,898
Meridian - St. Patrick St. Patrick School
Total Principal
$361,278
$910,570
Seminarian Education
Bishop Brunini Catholic College Stella Schmidt
$36,077
Natchez - Cathedral School Burns-Grady Family Cathedral Schools Charitable Certified Teacher Incentive Daughters of Charity Dominic and Josephine Maresca DiStefano George and Ninette Junkin Hailey Estes James R. Arnold, Sr. Jules Michel Staff Recognition Trust Julia C. Stanton Kevin and Rosa Byrne Family Melanie A. Scruggs Shereb Memorial Trust Natalie C. Luscombe Stella Austen Gilleas Handy T. Jack Owens
Total Principal
Total Principal
ď ¤
Mobile AL Spring Hill College Total Principal
Martin Lombard Burns Mary Bendinelli Denton Mary Eloise Guider Morgan and Braud Nellie A. Prendergast Patricia A. McGowan Scholarship Trust Pete, Carmella and Franco Family Pikul Family Robert Knox Foley III Memorial Scholarship Rosemary Schaff Sr. Mary Cabrini Fagan, R.S.M. St. Aloysius - St. Francis Thomas E. Dykes, Jr. Vedros Family Vicksburg Catholic School Endowment Vicksburg Catholic Schools Sisters of Mercy
$1,569,183
Vicksburg St. Francis and St. Aloysius Adam A. Rula Aloysius and Mary Camp Anthony Cozzani Bill and Marie Jennings Memorial Trust Brothers of the Sacred Heart Bruce A. Ebersole Corey Pinkston Family Dante and Michael Ganzerla Dorothy Supple Yerger Douglas Buglewicz Memorial Trust Dr. Ann Wheeless and Mr. Peter Pikul Erwin Baylot Memorial Trust Graduating Senior Class Joseph T. Balzli Loviza Family Mamie Nassour
A.J. Kourys, Eugenia Koury and Msgr. Joseph Koury Family Trust Bishop Joseph B. Brunini Anniversary Trust Bishop R. O. Gerow Dr. and Mrs. Iley F. Dillon Eli and Kathryn Ellis Fr. John Patrick Egan Frank Binder Ganzerla Family Harold and Kathryn Lehman Family Harry and Jimmy Lou Goulet J.C. Maloney #2 James Patrick Miller Jane Gitz Seminarian Education Trust Joe G. and Adelle Unis Rice John and Teresa Latino Joseph Brendan Kraft Memorial Trust Knights of Columbus Lucille Bailey Thomas Priest Fund Margaret Haaga Murphree Martha and Paul Tarbutton Messina and Tuminello Family #2 Msgr. Michael Glynn Msgr. Thad Harkins Philip Tavoleti Rev. Charles Loyacono Rev. Walter Maloney Seminarian Education Trust Tom and Bessie Haddican Warren and Claudia Adams
Total Principal
$1,115,598
ď ¤ Senior Citizens Bishop's Poor Souls Novena
Total Principal
$231,170
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Catholic Foundation Grants – Unrestricted Trust Funds $63,248- 19 projects funded PARISH Camden, Sacred Heart, $3,548.08 After school and summer enrichment program Canton, Holy Child Jesus, $800 Faith formation program Corinth, St. James, $3,500 Faith formation program Grenada, St. Peter, $4,000 Church roof replacement Greenville, Sacred Heart, $1,000 Summer Bible School
SCHOOLS Clarksdale, St. Elizabeth $4,500 School Enhancements Columbus, Annunciation $5,000 Interactive Technology Flowood, St. Paul Early Learning Center $3,000 Outdoor learning center Greenville, St. Joseph $5,000 Outdoor learning center Jackson, Sister Thea $4,900 Reading/Math Program Meridian, St. Patrick $5,000 Playground Equipment
Indianola, St. Benedict, $2,500 Vacation Bible School/MLK Celebration
CATHOLIC CHARITIES Parish Health Ministry, $2,000 Mental Health Training
Jackson, Cathedral, $1,000 Hispanic Prayer Group
Unaccompanied Refugee Minors, $5,000 Tutors
Jackson, Cathedral, $2,000 Rectory Repairs
SENIORS AND POOR CITIZENS
Vicksburg, St. Paul, $4,000 Adult Catechesis
— Restricted Trust Funds $10,350.88—4 projects funded
Woodville, St. Joseph, $2,500 Church repairs
Bishop’s Poor Souls Novena Trust Jackson, Christ the King, $1,750 Jackson, Cathedral of St. Peter, $3,500 Starkville, St. Joseph, $5,000 Grenada, St. Peter, $108.88
SPECIAL PROJECTS Office of Child Protection, $4,000 Virtus
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The Catholic Foundation offers many gift opportunities to help with your philanthropic goals. Our office is here to help you with gifts of: Wills and Bequests Starting a Trust Insurance Policy Charitable Gift Annuity Donor Advised Funds
Any of these gifts can be designated to benefit your: Parish Catholic Charities Catholic School Retired Priests Seminarian Education
Do you have a Will? Our Staff is here to help you with you Estate Planning We can assist you with our will planning guidebook so that you can thoughtfully consider all of those you wish to include in your will. Plus, this guidebook will help you when you visit your estate attorney. Email or call us to get a will planning guidebook that will help you and your Estate Planner rebecca.harris@jacksondiocese.org 601-960-8477
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THE CATHOLIC FOUNDATION OF THE DIOCESE OF JACKSON, MISSISSIPPI, INC. STATEMENTS OF FINANCIAL POSITION June 30, 2019 With Comparative Information as of June 30, 2018 2019
2018
ASSETS Cash
$
Investments Cash Surrender Value of Life Insurance Prepaid Expenses Total Assets
111,530
$
85,664
31,652,120
30,481,280
147,324
127,610
1,025
-
$
31,911,999
$
30,694,554
$
748,756
$
661,941
LIABILITIES AND NET ASSETS Income Payable to Beneficiaries Accounts Payable
785
5,064
Annuities Payable
50,130
52,912
Total Liabilities
$
799,671
$
719,917
$
5,238,420
$
5,287,709
NET ASSETS Without Donor Restrictions: Undesignated
3,216,015
Designated
3,098,831
$
8,454,435
$
8,386,540
$
22,657,893
$
21,588,097
Total Net Assets
$
31,112,328
$
29,974,637
Total Liabilities and Net Assets
$
31,911,999
$
30,694,554
Total Net Assets Without Donor Restrictions
With Donor Restrictions
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THE CATHOLIC FOUNDATION OF THE DIOCESE OF JACKSON, MISSISSIPPI, INC. STATEMENTS OF ACTIVITIES For the Year Ended June 30, 2019 With Summarized Information For The Year Ended June 30, 2018
Without Donor Restrictions
With Donor Restrictions
2019
2018
Support and Revenue: Contributions Special Events Membership Foundation Trust Annual Meeting Increase in Cash Surrender Value Net Assets Released From Restrictions Total Support and Revenue
$
35,270 101,594 52,609 7,345 86,630
$
734,469 19,714
$
86,630)
(
734,469 35,270 101,594 52,609 7,345 19,714
$
-
2,208,700 34,870 104,243 49,160 7,620 8,706 -
$
283,448
$
667,553
$
951,001
$
2,413,299
$
153,356 762,810 72,576
$
-
$
153,356 762,810 72,576
$
164,739 661,941 71,790
$
988,742
$
-
$
988,742
$
898,470
($
705,294)
$
667,553
($
37,741)
$
1,514,829
($ (
4,063) 402,243) 1,179,495
$
402,243 -
($
4,063) 1,179,495
($
Expenses: Administrative Distribution to Beneficiaries Grants Total Expenses Changes in Net Assets from Operations Other: Change in Value of Split-Interest Agreements Transfer Between Funds Investment Return, Net
4,097) 2,478,300
Total Other
$
773,189
$
402,243
$
1,175,432
$
2,474,203
Change in Net Assets
$
67,895
$
1,069,796
$
1,137,691
$
3,989,032
Net Assets at Beginning of Year Net Assets at End of Year
$
8,386,540
21,588,097
29,974,637
25,985,605
8,454,435
$ 22,657,893
$ 31,112,328
$ 29,974,637
The Catholic Foundation Board of Directors and staff invite you to learn more about our services and opportunities for giving. For more information, please contact: The Catholic Foundation P. O. Box 2248 Jackson, MS 39225-2248 Phone: 601-960-8477 rebecca.harris@jacksondiocese.org