News & Articles

COVID-19: Keep the Faith and Strength of Our Lord

03-23-2020News & ArticlesDeacon James Carabajal

Dear Friends:

I pray for your well-being and serenity in this great time of uncertainty. It is now more than ever that we must have faith and trust in the strength of Our Lord.

Financial Stability

As you are aware, the COVID-19 pandemic has greatly affected our global financial markets. While the Foundation's investment portfolio has not been immune to losses, the Foundation management, in consultation with our Finance and Investment Committee, has been working to reduce the effects of the decrease in its market value by implementing our own risk management processes with our investment partner, JPMorgan Chase.

If you recall our portfolio experienced a net loss of 35% in 2008, only to see it rebound with a 10.3% gain by 2010. From July 2010 until June 2019, our portfolio grew 60% to $66,940,166 because of new endowments, new donor-advised funds, new Catholic Savings Fund contributions, and investment earnings. We are proud to report that the Catholic Community Foundation has distributed over 25 million dollars to parishes, schools, Diocesan ministries, and scholarships to students from 2008 to 2020.

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Lenten Blessings from the Catholic Community Foundation

03-11-2020News & ArticlesJohn Even

May God bless all of us abundantly as we walk through this Lent together.

For my wife Rebecca and me, our faith is the most important part of our lives. The Catholic Community Foundation helps us put our faith into action through streamlining our charitable giving and helping us support our favorite Catholic ministries in an impactful way. As one famous saint has said, "Faith is seen more in deeds than in words."

For over 36 years, the Catholic Community Foundation has been creating and managing the financial vehicles necessary for you to leave the Catholic legacy you want. As a longtime estate planning and business attorney in the Valley, I know how important it is for all families to plan well. For over 20 years, I have been blessed to serve the Foundation in various volunteer capacities, and I am currently serving as the Chairman of the Board for the Foundation. It has been an amazing journey, and I am happy to serve in accomplishing the mission of encouraging philanthropy and providing financial support for Catholic evangelization and education. Whether it is to schedule a wills and trusts seminar at your parish or a one-on-one legacy planning meeting with one of our team, to join the Giving Circle in order to make impactful grants for incredible ministries, or to sponsor a future student leader through the Christian Service Awards or other needs-based scholarships, I encourage you to call us today to ask how the Foundation can help you leave your Catholic Legacy.

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Happy New Year

01-17-2020News & ArticlesDeacon James Carabajal

Dear Brothers and Sisters in Christ,

I always look forward to celebrating the beginning of a new calendar year, and I pray you share the same sentiment. A new year provides an opportunity to reflect on the past year’s successes, as well as challenges in all aspects of our lives. A new year is filled with the opportunity to draw closer to the Lord, to love family and friends more, and to make work more fruitful. I have some exciting news about some of the work the Catholic Community Foundation completed in 2019 to prepare for 2020. “2020” not only marks a new year but is the beginning of a new decade of growth for the Catholic Community Foundation. As we enter our fourth decade of service, we continue to strengthen our mission to promote the Catholic faith by building community resources that last beyond our lifetime.

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How Can the Catholic Community Foundation Help You to Leave a Legacy?

12-11-2019News & ArticlesJohn Even

On Friday, November 1st, we all celebrated All Saints’ Day, a tremendous feast day celebrating all of the saints, including those in our families, whether known or unknown. What amazes me about the saints that we celebrate throughout the liturgical year is their story, the legacy that they left behind as a result of the lives that they led. During this month, I am especially grateful for my parents, my grandparents, my great-grandparents, etc. for passing on the Catholic faith to me and my family that we hold so dearly.

As Catholics, we are all called to be saints and to leave a legacy. First and foremost, we are called to leave a legacy of faith for our children and grandchildren, so that they too might live a faith-filled life and join us one day in heaven. In addition, I believe that we are also called to leave a financial legacy both during our lives and after we are gone, no matter what the size of our estate.

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Why I Suggest the Catholic Community Foundation

09-14-2019News & ArticlesDcn. James Carabajal, CEO

Since 1983, the Catholic Community Foundation serving the Diocese of Phoenix has administered charitable funds for individuals, parishes, schools, area Catholic organizations, and other special Catholic community projects.  Many of these funds are “endowment funds” which are structured to serve their charitable purpose(s) in perpetuity.  Other funds are “pass-thru funds” which are temporary charitable vehicles that immediately fulfill their charitable purposes.  There are many solid reasons why donors choose to entrust their charitable dollars with us. Here are but a few reasons.

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Impact Moment: Carrying Vocations Into the Future

08-27-2019News & Articles

PHOTO CREDIT: Fr. Doug Lorig, shown here with a portrait of St. Thérèse of Lisieux and a cherished photo of his encounter many years ago with St. John Paul II, passed away Feb. 28. (Joyce Coronel/CATHOLIC SUN)

Fr. Doug Lorig was a beloved priest in our diocese and the first pastoral provision priest. He was a former Episcopal Priest who converted to the Catholic faith along with his wife and four children in 1979. He was ordained to the priesthood in 1984. Serving the Diocese of Phoenix for 32 years, his resume is astounding.

He served as a teacher at St. Mark's Catholic School and Seton Catholic Preparatory High School. He then helped establish Our Lady of Guadalupe Parish in Queen Creek. He served St. Thomas the Apostle Byzantine Parish in Gilbert and then the pastor at St. Anne. He was also the spiritual director of the Arizona Marian Conference for many years. Fr. Doug kept a prayer journal of people he prayed for, both living and deceased, as well as vocations.

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Administrative Fees Lowered

08-01-2019News & Articles

The Catholic Community Foundation is excited to announce that administrative fees for Donor-Advised Funds are being reduced for the second consecutive year!

Administrative fees for Donor-Advised Funds have been lowered from 1.25% to 1.15%, with the minimum fee being reduced from $500 to $250. This impacts ALL Donor-Advised Fund holders with invested accounts!

Why does this matter?

  • The Foundation offers a lower entry point for Donor-Advised Funds than other financial institutions and community foundations when considering new funds below $40,000.
  • The Foundation is proud to share our success with the rest of the community to help encourage even more community investment!

Still don’t like fees? Good news! The Foundation offers a no-fee Donor-Advised Fund. The ONLY no-fee Donor Advised Fund in Arizona. Contact our development team to get started! ccfphx.org/daf

A Message from Deacon James

07-15-2019News & ArticlesDeacon James Carabajal

The Lord blesses each one of us with many undeserved gifts. And, for those who have been blessed and who are inspired by the Gospel teachings, charitable giving is a reflective and joy-inspired expression of love and gratitude for God and His people. The Catholic Community Foundation’s mission is to help you put those goodhearted values into action and grow the value of your gift for the greater good of our community, here in the Diocese of Phoenix, and beyond.

We at the Foundation remain committed to protecting and preserving your charitable gifts according to our Catholic faith and values. However, many have not been introduced to the Catholic Community Foundation here in the Diocese of Phoenix. Please allow me to do so.

We are a separate and distinct 501(c)(3) non-profit civil organization that enjoys the recognition of a Juridic Private Canonical organization in the Church. The Foundation focuses its efforts by supporting parishes, Catholic schools, and the many Catholic faith-based organizations who fulfill God’s call to serve through those generous gifts entrusted to us, from all of you.

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A message from our Chairman, John Even

06-14-2019News & Articles

May your summer bring many blessings

Our youngest daughter, Emily, was born on the Feast of the Sacred Heart of Jesus in 2002, so this Feast Day and the whole month of June has always been a special one for our family. I hope that this month and this summer bring many blessings to all of you and your families and that you are able to get out of town for a vacation for at least a little while to refresh your minds, bodies, and souls.

For my wife, Rebecca and me, our faith is the most important part of our lives. The Catholic Community Foundation helps us put our faith into action through streamlining our charitable giving and helping us support our favorite ministries in an impactful way. As Saint Ignatius of Loyola says, “Faith is seen more in deeds than in words.”

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A message from our Chairman, John Even

06-14-2019News & Articles

May your summer bring many blessings

Our youngest daughter, Emily, was born on the Feast of the Sacred Heart of Jesus in 2002, so this Feast Day and the whole month of June has always been a special one for our family. I hope that this month and this summer bring many blessings to all of you and your families and that you are able to get out of town for a vacation for at least a little while to refresh your minds, bodies, and souls.

For my wife, Rebecca and me, our faith is the most important part of our lives. The Catholic Community Foundation helps us put our faith into action through streamlining our charitable giving and helping us support our favorite ministries in an impactful way. As Saint Ignatius of Loyola says, “Faith is seen more in deeds than in words.”

READ MORE