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.
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.READ MORE
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.READ MORE