News From CCF-LA | July 21, 2020
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June Results From
CCF-LA
Last week, we reported our June investment returns to our clients. Our Balanced Pool earned 2.04 percent, net of fees, and is posting a 1.75 percent loss for the year to date
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a strong recovery from first quarter losses. The Intermediate Fund earned 1.48 percent and is now 0.07 percent percent positive for 2020.
Now at the mid-year point of our fiscal year,
we reached $373 million in assets under management, the highest in our five-year operating history
. In 2020, we have issued 184 grants valued at $14.5 million, which supports social services, Catholic-school education, ministries, and healthcare. Even more remarkable is that we have accomplished this in remote operation since March 16.
Our committed staff stepped up the frequency of our e-newsletters to raise awareness of the importance of philanthropy during these troubling times and to encourage our clients to recommend grants from their funds. This is all part of our commitment to
teaching philanthropy while providing an extraordinary level of client services
and financial reporting.
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Supporting a
Culture of Giving
We live in the most generous country on earth. Our history is rich with a culture of giving to help people in need, to provide emergency aid for catastrophes, and to support food, healthcare, and education for other nations that are less fortunate.
This generous spirit of giving in turn comes from the ingrained culture of our people. That culture of giving is nurtured by our families, our teachers, our Church, our friends, and yes, by CCF-LA. We provide the tools to make giving meaningful, efficient, and impactful—today and in perpetuity.
Previous generations promoted the culture of giving through their actions in volunteering, writing checks to charities and churches, and dropping currency into the hands of the homeless on our streets. Today, charitable gifts are made not only by volunteering and giving cash, but also through credit cards, marketable securities, real property, and more-complex types of assets.
Today, we also have more capability than ever before to encourage our culture of giving through donor-advised funds, restricted funds for specific charities, scholarships, and endowed funds to capture the intentions of bequests that can live long after we do.
In these coming years, we will experience the greatest transfer of wealth to the next generations. Let’s be planning now to ensure that our culture of giving continues to grow with this transfer of wealth to new generations of philanthropists.
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Kathy Anderson, President and Executive Director
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Bishop David O'Connell on the scene.
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Pledge to Rebuild: San Gabriel Mission
While the July 11 fire that damaged the San Gabriel Mission is still under investigation, the community of LA Catholics has been clear in its support to rebuild the historic church. And just like with past tragedy, it will once again be through the
power of philanthropy
that this pledge may be realized. The Archdiocese of Los Angeles immediately established a
Restoration Fund
to assist in the effort to preserve this part of history for Catholics and the greater California community. Hundreds of donors have already given to the Fund.
Learn more about the San Gabriel Mission
, and CCF-LA clients: please
contact us
if you’d like to
make a grant to the Restoration Fund
.
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Featured Fund: Mission San Buenaventura
Endowment Fund
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Mission San Buenaventura, the “Mission by the Sea,” is the ninth California mission and the last to be founded during St. Junipero Serra’s lifetime. On July 15, It was declared a minor basilica by Pope Francis, becoming the first minor basilica in the Archdiocese of Los Angeles.
According to the United States Catholic Conference of Bishops, a minor basilica “must stand out as a center of active and pastoral liturgy” as well as have historic significance to the faithful of the area.
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n celebration of this occasion, an outdoor Mass was celebrated by Archbishop Gomez, Bishop Robert Barron, and the mission’s pastor, Fr. Tom Elewaut.
In addition to being an important historical site, the mission is a thriving parish. Last week, it also received the bronze and wooden statues of St. Junipero Serra, which had resided on the grounds of the Ventura City Hall to preserve them from potential destruction.
deepening spirituality, and fostering evangelization.
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Why are referrals important to CCF-LA?
A happy client is the best source of new business. When you tell your friends and family about CCF-LA’s investment performance, client-centered services, and Catholic mission, you help us grow and do more to serve our schools, ministries, and community.
What makes a good referral?
Anyone who is charitable and appreciates Catholic values would be a wonderful addition to the CCF-LA community. Our clients turn to us to offset a taxable event such as the sale of a business, to structure their giving over a period of time, or for a simple and efficient alternative to establishing a family foundation.
What should I say to my friend/neighbor/cousin who might be interested?
CCF-LA is the best! They are experts in philanthropy and make giving and granting so flexible and convenient. Their staff is friendly and helpful. CCF-LA helps the mission of the Church, and I trust their expertise in managing my charitable money. I am so happy I chose CCF-LA, and you will be, too!
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Donor-Advised Funds Help Fill the Philanthropic Gap
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As our country and world continue to operate in a state of turmoil and uncertainty, many are wondering what is going to happen to our nonprofit organizations who rely on donation to operate.
How are these organizations going to survive?
Donor-advised funds are uniquely positioned to support nonprofits
because grants have no additional financial impact on donors, who have already committed their gifts to the fund.
Read more
from Client Development Manager, Kara Duncan.
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News From the
ADLA and Beyond
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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.
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