News From CCF-LA | June 9, 2020
From the Desk of the CFO | Market Report
Arnulfo Cueva, Jr., CFO — Last week’s reports on new jobs and the decline of U.S. unemployment led to significant gains in the markets. At yesterday’s close, stocks were trading at a 15-week high while the S&P 500 erased this year’s prior losses. Our economy, slowed due to the pandemic and social unrest, has every prospect of continued improvement as long as the reopenings continue and damage to productive capacity can be minimized. The last several days of trading reflect greater optimism for the accelerated recovery of value over the cautious hopefulness we saw in May. We will provide full May results of CCF-LA portfolios later in the month.
Supporting Catholic Schools: By the Numbers
Catholic Schools are an important part of our Church and society. Now more than ever these schools are safe places for children all across the United States to grow and learn in faith. CCF-LA is proud to support the following schools through grants from Donor-Advised Funds. This list includes 48 schools and counting that have been supported thus far in 2020 and over 177 schools since CCF-LA’s inception. During this time of matriculation, we especially express our gratitude for the administration, teachers, and staff at these schools. 
Voices of CCF-LA | The Latest From Our Blog
Our CCF-LA staff took some time to reflect on the impact of their fathers - their work ethic, their support, and their sense of fun.

Arnulfo Cueva Jr., CCF-LA CFO reflects on the recent passing of his Tio Beto and the amazing legacy of hard work, compassion, and love that he leaves behind.

A joy of our work is being able to see the impact of so many grants to deserving nonprofits. Briana Limeta, our Client Services Manager, is able to see that impact firsthand as grants go out across the country to diverse and deserving recipients.
Reopening Our Churches

At the direction of Archbishop Gomez, in cooperation with local leaders, many churches in the Archdiocese of Los Angeles opened for mass this Sunday.

We pray for the continued safety of all parishes, priests, and faithful.
Annual Statement of Accountability
If you haven't had a chance to read our Annual Statement of Accountability, we invite you to read about how a record-breaking 2019 propelled us to answer the challenges of 2020.
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The Catholic Community Foundation of Los Angeles is committed to the prudent management of charitable investments to support the schools, parishes and ministries that help our neighborhoods thrive in faith. To join our mission to teach and sustain Catholic philanthropy, please contact our Client Development team at (213) 426-1187 or via email.
Catholic Community Foundation of Los Angeles | (213) 426-1180