CCF-LA News | May 17, 2023

Remembering Grandmothers in May

Growing up Catholic, May was always Mary’s month as we crowned her and celebrated her as the mother of Jesus. Mother’s Day in May was for all generations of mothers, and it was often the day for First Holy Communions. This May let’s remember our grandmothers and great-grandmothers in a special way. We know St. Anne as the mother of Mary, yet do we think of her as the grandmother of Jesus?

Growing up, I was fortunate to have my great grandmother in my life until I was about ten and my grandmother, who lived to be 102 lovingly made my wedding dress and bridesmaids dresses when she was 76. There is a cherished photo of four generations of women in my family: gram, grandma, mom, and me. Raising six children was a multigenerational effort in our family!

The values we learn through the generations are passed along in ways that express hard work, faith, character, compassion, do unto others, citizenship, and be good. For me, I hope my granddaughters grow up to appreciate what I have learned from my ancestors, and maybe I will live long enough to experience the joy that my great grandmother had in me and my five siblings. Let’s celebrate St. Anne in a special way this Mother’s Day, for as a grandmother, she surely had an important role in the early life of Jesus. 

Kathy Anderson

President and Executive Director

The importance of multigenerational giving in the family 

With holidays like Easter, Mother’s Day, and Father’s Day, spring is a time for family. It is a time with filled with reflection and appreciation. We use these holidays to honor our parents with expressions of love and gratitude, connect with family, and spend time with loved ones. This is also a time for sharing – sharing our updates in life and exchanging stories, old and new.

What better time to have conversations with your family around the importance of giving and what motivates you to give. The more you share your philanthropic passions, the better understanding your children or grandchildren will have of your goals and ultimately your legacy. It is a great opportunity to share what types of organizations you give to or get engaged with, and what motivates you to do so.

These conversations also give you an opportunity to learn about what excites your family members – what kind of causes do they find important and how do they want to make a difference in the world. This will not only help you learn more about them, but it will give you a chance to make connections and hopefully form bonds around giving.

At CCF-LA, we have clients who utilize their Donor-Advised Funds (DAFs) to take these conversations one step further and engage their heirs in grantmaking. For example, we have one client who allows their grandchildren to each make a $1,000 grant at Christmas to an organization of their choosing, and another client who gives their grandchildren an allotted amount to grant out annually. Our ability to structure and customize our DAFs, uniquely positions us to support family philanthropy and ultimately carry on the legacy of giving. 

Karen Duncan

Director of Family Office

Jimmy Ozaeta, CCF-LA's Vice President of Development

CCF-LA welcomes our Vice President of Development, Jimmy Ozaeta.

Jimmy is responsible for developing and growing client relationships with individuals and families and select religious and non-profit organizations. This includes client development, strategic planning and implementation, and client stewardship.

Prior to joining CCF-LA, Jimmy served the non-profit sector for over 25 years in several senior executive roles that included Chief Executive Officer for a national non-profit organization. Jimmy also served as a Chief Advancement Officer for a federally qualified health center in South Los Angeles during the peak of the Covid-19 pandemic.

Jimmy Ozaeta

Vice President of Development,

Assistant Treasurer

A native Angelino, Jimmy’s Catholic values and commitment to being a servant leader are aligned with his life-long advocacy for access to high quality education. Jimmy is fluent in the English and Spanish languages. He received a B.S. and M.S. from San Francisco State University.

Bishop David O’Connell Memorial Fund for the benefit of St. John's Seminary

Msgr. Tim Dyer’s eulogy for Bishop Dave on March 1st served as our inspiration for creating a memorial fund at CCF-LA for the benefit of St. John's Seminary. Funds are to be used for the vocational priestly formation process to emulate the charism of Bishop Dave O'Connell, the man, the priest, and the bishop.

Click to donate to the Bishop Dave O'Connell Memorial Fund.

Photo: Bishop Dave O'Connell climbs a high summit in the San Gabriel Valley on April 23, 2020 to bless the most populous counties of Southern California and beyond during the coronavirus pandemic.

Finance Market Updates

In April, the financial markets embraced another interest rate hike from the Federal Reserve with the expectation that they will take a pause before cutting rates again towards the end of the year. Inflation continued to trend downward, and employment data remained resilient.

Positive economic momentum supported risk assets despite further stress in the banking sector. Equity returns were mixed for the month of April depending on market cap and style. The S&P 500 Index rose +1.56% in the month, bringing the year-to-date return to +9.16%. Value stocks outperformed growth ones and large capitalization stocks outperformed their small capitalization counterparts.

Developed International Equity markets, as measured by the MSCI EAFE Index, returned +2.82% in April and the Fixed Income markets, as measured by the Bloomberg US Aggregate Bond Index, rose +0.61%. 

As for the pooled funds we manage, the Balanced Pool portfolio returned +1.07% (net of fees) in the month of April and +6.59 for the four months ending April 30, 2023. The Intermediate Fund pool returned +0.82% for the month and +3.87% so far this year. The estimated annual yield on the Short-Term Investment Fund account is currently +4.75%.  

Andrew O'Boyle

Chief Financial Officer and Treasurer

John F. Shea Memorial Fund for Catholic Education

John F. Shea Memorial Fund for Catholic education benefits the Catholic Education Foundation’s Tuition Awards Program. The fund was initiated with a $50,000 gift made possible by the Board of CCF-LA and three individuals. This is a multiple-donor fund, and all gifts are acknowledged to the Shea Family. 

Click to donate to the John F. Shea Memorial Fund

The Social Service Auxiliary presented their Spiritus Award Benefit on Fri., April 21st honoring The Carrie Estelle Doheny Foundation and Robert & Joanne Smith at The California Club.


In 1926, Sister Frederica Horvath brought the Sisters of Social Service to Los Angeles. Soon after the community was established, Sister Frederica founded the Social Service Auxiliary, a support group of energetic, philanthropic women of means in Los Angeles. For over 90 years the Social Service Auxiliary has sponsored fundraising events and volunteer opportunities for its members that have contributed greatly to support the lives and ministries of the Sisters of Social Service.


To learn more about The Social Service Auxiliary, please visit their website today. 

On Sat., April 29th, Notre Dame Academy (NDA) welcomed over 250 guests to the Skirball Cultural Center for the fourth annual Making a Difference Scholarship Benefit. It was a lively evening featuring performances by Notre Dame Academy Liturgical Choir, keynote addresses by Gloria Calderón Kellett and Marley S-M '23, and award presentations to Dr. Sylvana Guidotti ’75 (picture above) and Henry Jordan raising more than $300,000 to support Notre Dame Academy’s tuition assistance program. 

For young women who will be tomorrow’s leaders, Notre Dame Academy’s value-centered culture of learning provides an engaging, nurturing environment in which to develop confidence, growth mindset, and faith. 

Society of St. Vincent de Paul Los Angeles

The Society of St. Vincent de Paul, Council of Los Angeles held it’s 2023 “Reach for the Stars,” Commitment to Feed, Clothe, House, Heal Benefit Dinner on Wed., May 3, 2023, at the Taglyan Complex in Los Angeles. This year’s honorees included Marisa Antonini, Marisa Antonini Foundation, philanthropist, SVDP South San Fernando District, Ed Kunkler, Emeritus Board Member, Society of St. Vincent de Paul, Council of LA, and SVDP Assumption of the Blessed Virgin Mary Conference. 

Photo L-R: Fr. Gary Mueller, C.M., Erika Avila-Auzenne, M.A.Ed, Principal, and Edith (SVS alumni).

Our Lady of Guadalupe School Alumni Assoc. Thirteenth Annual Golf Tournament

The Thirteenth Annual Alumni Golf Tournament was held on Fri., May 12th at the California Country Club in Whittier, to continue to improve Our Lady of Guadalupe School and to continue to provide a well-rounded education to the children. This year's plans are to continue to provide computers to the students, improve the electrical in the classrooms, install much needed ventilation and enhance the new sports program to include A and B teams in all sports.

Photo L-R: Third from left, Armando Nevarez, CCF-LA Controller.

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Mission Statement

The Catholic Community Foundation of Los Angeles empowers charitable individuals and organizations across cultures and generations through professional philanthropy management solutions that allow clients to develop and sustain their philanthropy in support of Catholic values.

Catholic Community Foundation of LA I | (213) 426-1180