The Catholic Community Foundation - 2018 Annual Report

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

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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.