Greetings friends of the Catholic Community Foundation,
My name is Karen Abraham, and I am the new Board of Directors Chair for the FY2021 & FY2022. I am very excited to begin my role as the new Board Chair for the Catholic Community Foundation (CCF) and am eager to continue the good works and strategy that have been established by the Board and my two predecessors, Trish Stark and John Even. CCF has a very engaged Board of Directors, dedicated to our mission and ready to do great things for the Catholic community.READ MORE
How often have we heard that the devastation from the COVID-19 Pandemic has forced a cancellation or rescheduling of an event or meeting this year? Sadly, this message to you will be no different. After much deliberation and prayer concerning the recent surge in COVID-19 cases here in Arizona, we have decided to cancel our 32nd Annual Crozier Gala for the 2020 year. The Foundation’s management, Board of Directors, and Gala chairs have discussed extensively and have come to an agreement that it wouldn’t be prudent to go forward with the event this year.READ MORE
May God bless all of you and your family abundantly, and may His Holy Spirit fill each and every one of you each day with His mercy, grace, and fortitude, especially during this challenging time. At this time, please join me in praying daily for an end to the COVID-19 pandemic, for an end to all injustice in our world, and for unity in Christ Jesus through the power of the Holy Spirit.
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.”READ MORE
It is astonishing to think of how our lives and way of life have been upended in just a few short months. After experiencing one of the largest economic growth cycles in the history of our country, that saw financial markets and economic conditions at historical levels, the unthinkable happened. Unemployment has hit an unprecedented high. The stock market has experienced a shock not felt since the 2008 Great Recession. People have been ordered to stay indoors. These factors have created hardship for those in our community who provide essential services to those most in need. Fortunately, we are blessed to have many philanthropically inclined individuals in our Catholic community that have admirably stepped up during this crisis. Unfortunately, the work is not done as there is much remaining unmet need in our community.
My brothers and sisters in Christ, we the faithful will proclaim to each other and the world for the next 50 days that: “Jesus Christ is Risen!” The words “He is risen!” remind us of the joyous news we celebrate at Easter, that Jesus our Savior has overcome death. Even though we cannot come together in community to celebrate, it is an indisputable joyful season for each of us as individuals and our Catholic community here in the Diocese of Phoenix.
During these unsettled times, our thoughts and prayers go out to the many who have been directly affected by the COVID-19 virus. We at the Catholic Community Foundation are praying for those who are sick, those who have died and all the family members who mourn the loss of their loved ones. These times are so uncommon for many of us and have truly tested our faith in the Lord. We must remain resilient and faithful. Our Holy Father, Pope Francis reassures us in his 2020 Easter Urbi et Orbi message, that “we are not alone” and “not to be afraid”: “Christ is risen and remains with us through our suffering”. We, the team at the Catholic Community Foundation, have taken the Holy Father’s words of hope to heart. We continue to work diligently to fulfill our mission of support by using our financial capabilities to assist those who serve the neediest within our community.READ MORE
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
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.READ MORE
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.READ MORE
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.READ MORE