News From CCF-LA | March 18, 2021
From the Desk of Our CFO
The optimism we saw in January strengthened in February. The U.S. economy surged during the month as COVID case counts continued to decline and the approval of an additional stimulus package that would provide checks and unemployment benefits to many was on the horizon. This excitement also positively impacted the financial markets. The total assets managed by the Catholic Community Foundation of Los Angeles at February 28, 2021, was $457.9 million (compared to $451.6 million at the end of 2020).

The Balanced Pool results (net of fees) for February were +1.93%, which brought the return for the trailing 12-month period through February 28, 2021, to +22.8%. Our Intermediate Fund had a return of +0.8% for the month and +11.0% for the 12-month period.

As always, our client services team is here to answer your questions. Please reach out to them anytime.
Andrew O'Boyle
Chief Financial Officer and Treasurer
Featured Fund: The Patricia Duque Byrne Charitable Fund
The Patricia Duque Byrne Charitable Foundation was a private foundation that since 2004 had been supporting Catholic ministries and other causes with a special focus on education and music. After deciding to wind down the existing foundation, the trustee converted the remaining assets into a donor-advised fund at CCF-LA.

CCF-LA staff was able to draft a new document that governs the fund with a new yet familiar purpose: to establish and support the ongoing operation of a children’s choir at the Cathedral of Our Lady of the Angels.

The new Patricia Duque Byrne Charitable Fund issued its first grant in February and will continue to fulfill its purpose through CCF-LA fund management and granting services well into the future.
Voices of CCF-LA
With Humble Gratitude for the New Queen of Angels Center
Our Seminarian intern, David Zamora, reflects on his experience waiting for, and celebrating, the new Queen of Angels Center for Seminarians in Torrance. Read more here.

Lent, Almsgiving, and Philanthropy
Fasting, Prayer, and Almsgiving. Many of us have traditions for fasting and prayer during Lent, but how do we incorporate the practice of almsgiving into our lives this Lent? Read more here.

Reflecting on This Year
We asked CCF-LA staff to share how their work at CCF-LA gave them hope during this difficult year. Read more here.
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