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General OverviewAugust 15, 2019

When considering investing your assets, people of faith, Catholic parishes, schools and Catholic organizations are often confronted with a dilemma: How do I invest my funds in a morally and socially responsible way and still receive competitive returns? How can I trust that the companies I place my assets with will invest them in ways that benefit and strengthen my Catholic community?

The Answer: Catholic Community Foundation delivers competitive

investment returns with Catholic Socially Responsible Investing

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Catholic Community Foundation (CCF)

• OUR MISSION: Facilitate, receive, manage, safeguard and grow investments; support organizations and donors aligned with the tenets of our Catholic faith

• OUR VISION: Offer a vehicle for Catholic parishes, schools, universities, religious orders, agencies, and philanthropists to invest funds that are professionally managed to achieve desired risk-adjusted returns in strict accordance with our faith, and to strengthen the Catholic community

• OUR SERVICES: Endowments, Investments, Donor Advised Funds, and Planned / Estate Giving

• OUR GOALS: Competitive returns through Catholic Socially Responsible Investing

• OUR RESULTS: Investment returns are in line with benchmark index returns Over $2.2M Endowment grants distributed in 2019

• Our Leadership - The CCF is led by a group of visionary Catholic priests, business, and community leaders who provide morally responsible, professional and effective financial management for our Catholic institutions

• All investments are guided by the United States Conference of Catholic Bishops statement on Socially Responsible Investment Guidelines

• Members are assured that their funds are managed in strict accordance with our faith All funds are aligned with Catholic Socially Responsible Investment Guidelines

Leadership & Catholic Socially Responsible Investing

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BOARD OF DIRECTORS AND TRUSTEES OFFICERSStephen M. Dufilho Ray E. Berend George J. Person Eric C. OpielaCHAIR VICE CHAIR SECRETARY TREASURER

Most Rev. Gustavo García-Siller, M.Sp.S. Most Rev. Michael Boulette METROPOLITAN ARCHBISHOP OF SAN ANTONIO, AUXILIARY BISHOP OF THE ARCHDIOCESE OF SAN ANTONIOEX-OFFICIO MODERATOR OF THE CURIA, VICAR GENERAL,

EX-OFFICIO

TRUSTEES Very Rev. Lawrence J. Christian Frank M. Kudla, Jr. Martha D. Leiper

Investment Committee ChairRev. Martin J. Leopold Mona C. Mengler Rick Molina Paul Olivier John Robb Vivian M. Vance

STAFF AND ADVISORS Sendero Wealth ManagementSteve Oswald Deacon John Benage Rachel Babcock FHK, CPA - AuditorsCEO/PRESIDENT VP-PLANNED & ESTATE GIFTS EXECUTIVE ASSISTANT The Stelter Company

Board of Directors, Trustees & Staff

• The Catholic Community Foundation was established by Episcopal Decree as an autonomous pious foundation on September 21, 2006 at San Fernando Cathedral and incorporated as a non-profit organization in the State of Texas

• The Catholic Fraternity Fund is a wholly owned nonprofit subsidiary of the Catholic Community Foundation for the Roman Catholic Church of the Archdiocese of San Antonio to provide Investment Funds for Catholic organizations

• The Catholic Community Foundation and Catholic Fraternity Fund primarily serve Catholic organizations within the Archdiocese of San Antonio area. Similar other Catholic Community Foundations support their local dioceses

• The Catholic Community Foundation works to connect generous donors with the emerging and existing needs of Catholic communities, ministries and organizations. When individuals choose to donate to the Catholic Community Foundation, they can designate where they would like their money to go, i.e. to one of the many existing CCF Endowment Funds or to a new CCF Endowment Fund that they establish

Our History

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Catholic Community Foundation

• ENDOWMENT FUNDS

• DONOR ADVISED FUNDS

• PLANNED / ESTATE GIVING

• CONSULTATIONS

Catholic Fraternity Fund

• INVESTMENT FUNDS

Our Services

• Are permanently restricted funds managed by the Foundation in perpetuity. The Funds, which benefit a particular Catholic organization, can be of any amount over $10,000. The Funds will be permanently endowed in order to ensure the sustainability of the stated purpose

• Provide for future income – i.e. set annual distribution of three-year average market value of the account, or all dividend and interest income, etc.

• Provide an easy path for future contributions to the Endowment fund by anyone

• Individuals may open Endowment accounts to benefit a Catholic parish, institution, school, agency or ministry. Select a charity truly meaningful in your life and create a fund that provides that charity with support in perpetuity

Endowment Funds

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• Provides for future sustainability- $2.2M distributed in 2019

• Helps raise new contributions – increases total donations

• Encourages Planned / Estate Giving donations

• Cannot be undone by future administrations

• Assists with legal protection from creditors

• Provides a steady, predictable and growing source of funds each year

• The gift that keeps on giving

Endowment Fund

TOTAL BY YEAR

YEARS: 1 2 25 50 100 100

New Donations $ 10,000 10,000 10,000 10,000 10,000 1,100,000

Income & Market Gains (6%) $ 6,600 7,596 31,028 72,937 260,442 9,362,080

Withdrawals to Catholic purpose (4%) $ 4,664 19,445 46,819 169,291 6,030,230

Market Value $ 116,600 129,532 528,714 1,241,741 4,431,850 4,431,850

Year 100 - $1.1M investment has returned $6M to Catholic purpose and has Market Value of $4.4M

Illustrative View of Endowment fundedwith $100,000 Year 1; & $10,000 added each year

Illustrative only, actual returns will vary based on investment strategy and market performance

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$2,500 BONUS OFFER:

• Establish a new CCF Endowment Fund account supporting a Catholic parish, school, cemetery, religious order, ministry or agency within the Archdiocese of San Antonio

• Bonus is deposited into the new Endowment Fund Account

• Limited to one Bonus per entity

• Bonus provided by generous donors

New Endowment Fund –$2,500 Bonus – Limited Time Offer

Provides for the Future:

• Provides a steady, predictable and growing source of funds each year

• Some samples of current endowment fund uses:• Ministry support• Facilities/Buildings• New Program • Scholarships• Cemetery• Operations• To be determined in the future

Some Uses of an Endowment Fund

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• A gift in your will or beneficiary designation is a heartfelt way to support the causes and organizations that are close to your heart. It’s an easy way to support our Catholic Church in the future without using any of your assets today

• Every Catholic is encouraged to remember their Catholic Parish and favorite Catholic Organizations CCF Endowment Fund in their Planned / Estate Givingo Last Will and Testament o Beneficiary designation of Retirement Accounts (IRA, 401K, 403B, SEP) – a very tax efficient way to give Bank Accounts and Brokerage Accounts Life Insurance

• Parishioners can leave a legacy for their parish endowment or other Catholic endowments

• Visit our website to learn more about Planned / Estate Giving opportunities at www.ccftx.org

Continue Supporting Our Catholic Faith After Your Lifetime – Planned / Estate Giving

Tax Efficient Giving• Do more with your IRA – If you are older than 70.5, you can give up to $100,000 tax

free of your IRA annually to charities and endowments – reducing your taxable income for the year of the gift

• Avoid capital gain taxes - Donate appreciated assets (stocks, real estate, businesses, etc.) to Charities, Donor Advised Funds and Endowments

• Pass down your charitable giving to the next generation – fund a family Donor Advised Fund and have your children and grandchildren give the funds to charities for many years

• Establish or contribute to endowments with excess assets

Planned / Estate Giving – Late in Life

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• Parishioners can create a permanent legacy of faith, family and future through the establishment of a Donor Advised Fund

• The minimum amount to start a fund is $25,000 via check, securities or other appreciated assets

• Recommend charitable gift distributions from your account to Catholic parishes, schools, seminaries, apostolates or other nonprofit organizations

• Enjoy peace of mind that your account will be professionally managed bythe Foundation’s morally responsible investment policies

• Receive an immediate charitable tax deduction for each contribution to your account

• Experience the joy of giving while the Catholic Community Foundation handles the paperwork

CCF Donor Advised Funds

• Offers Three Investment Funds Based on Desired Return/Risk Levels Based on Investment Time Horizons Competitive returns with Catholic Social Responsible Investing

• The Minimum Amount to Start a Fund is $25,000

• Daily Liquidity – Deposits/Withdrawals Add to or withdrawal any amount at anytime Withdrawals settle within two to four business days

• Website with read-only access to account Yesterday’s closed market values History of statements, performance and transactions

Investment Funds for Catholic organizations

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Investment Funds

1.5%

23.5%

75.0%

CCF Endow / CFF Equity Emphasis

Cash Bonds Equities

1.5%

48.5%50.0%

CFF Balanced

Cash Bonds Equities

5.0%

65.0%

30.0%

CFF Income Emphasis

Cash Bonds Equities

Higher Risk

Higher Returns

Higher Risk

Higher Returns

Lower Risk

Lower Return

Investment FundsUpdated August 14, 2019

Description $100,000 or more

Under $100,000 $100,000 or more Under $100,000 $100,000 or more

Under $100,000

Risk Level Aggressive Aggressive Medium Medium Moderate Moderate

Cash 1.5% 1.5% 1.5% 1.5% 5% 5%

Fixed Income 23.5% 23.5% 48.5% 48.5% 65% 65%

Bonds Intermediate Duration 23.5% 23.5% 48.5% 48.5% 39% 39%

Bonds Short Duration 26% 26%

Equities 75% 75% 50% 50% 30% 30%

Catholic S&P 500 index 44% 48% 30% 33% 17% 20%

Catholic S&P 600 index (small) 9% 9% 5% 5% 3% 3%

Catholic International Equities 18% 18% 12% 12% 7% 7%

REITS 4% 3% 3%

Time Frames for need of funds Over 6 years Over 6 years Over 5 years Over 5 years Over 3 years Over 3 years

Endowment/Equity Emphasis Fund Balanced Fund Income Emphasis Fund

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• Sophisticated local investment advisors: Sendero Wealth Management

• Top notch Investment Committee

• Equities – Christian Brothers Investment Services (CBIS) -100% Catholic SRI

• Passive investments: 57% of the Endowment/Equity Emphasis FundIndex Funds: US Large Cap, US Small Cap, and REITS

• Active managed investments PIMCO & CBIS Bonds CBIS Short Term Bonds Knights of Columbus Secured Loan Fund (Large Endowments only)

• Annual rebalancing of accounts

• Investment strategy and tactics monitored and periodically updated

3 Diversified Portfolio Funds

InvestmentObjectives:CompetitiveReturns with Catholic Socially Responsible Investing (SRI)

CBIS International Equity

Small Transaction Fees

$27 for accounts $100,000 or greater

$20 for accounts under $100,000

is applied to each deposit $10,000 and over, withdrawal and annual rebalance

Money Manager FeesNetted into returns

0.39% Endowment/Equity Emphasis Fund

0.40% Balanced Fund

0.39% Income Emphasis Fund

Administrative FeesCCF/CFF and Sendero Wealth Management combined

1.25% on the first $1,250,000

1.10% on the next $1,250,000

0.95% on the next $2,500,000

0.70% on the balance

Annual Fees

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Current Endow/EE Funds Annualized Past Returns

(after Money Managers fees/before CCF/CFF fees)vs Benchmark as of 6/30/19

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

1 year 3 year 5 year 10 yearEndowment/Equity Emphasis 75% E / 25% FISmall Endowment/Equity Emphasis 75% E / 25% FIBenchmark 75% E / 25% FI

Note: Returns are a historical look-back of the current investment fund models and are not representative of a participant's return

Current Balanced Funds Annualized Past Returns

(after Money Managers fees/before CCF/CFF fees)vs Benchmark as of 6/30/19

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

1 year 3 year 5 year 10 yearBalanced 50% E / 50% FI Small Balanced 50% E / 50% FIBenchmark 50% E / 50% FI

Note: Returns are a historical look-back of the current investment fund models and are not representative of a participant's return

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Current Income Emphasis Funds Annualized Past Returns

(after Money Managers fees/before CCF/CFF fees)vs Benchmark as of 6/30/19

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

1 year 3 year 5 year 10 yearIncome Emphasis 30% E / 70% FI Small Income Emphasis 30% E / 70% FIBenchmark 30% E / 70% FI

Note: Returns are a historical look-back of the current investment fund models and are not representative of a participant's return

Competitive Returns with Catholic Social Responsible

Investing

CCF Endowment Fund/CFF Equity Emphasis Fund CFF Balanced Fund CFF Income Emphasis Fund Benchmark Index75% Equity/25% Fixed Inc 50% Equity/50% Fixed Inc 30% Equity/70% Fixed Inc 60% Equity/40% Fixed Inc

1 Year 7.3% 1 Year 7.7% 1 Year 6.6% 1 Year 6.9%

3 Years 10.8% 3 Years 8.2% 3 Years 5.8% 3 Years 8.5%

5 Years 7.4% 5 Years 6.0% 5 Years 4.4% 5 Years 6.0%

10 Years 11.1% 10 Years 9.0% 10 Years 6.5% 10 Years 9.2%

Accounts of $100,000 and over Annual Investment Returns after Money Manager Fees, before CCF Management Fees of the current Investment Strategy

Note: Returns are a historical look-back of the current investment funds models (updated 8/14/19) and are not representative of a participant's return.

As of June 30, 2019

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Aggressive RiskEquity Emphasis

HURRICANE

LONG TERM FACILITY

MINISTRY SUPPORT

SCHOLARSHIPS

CEMETERY

ENDOWMENT

Some Uses of CFF Investment Funds

Medium Risk Balanced

RAINY DAY

MID TERM FACILITY

EXTRA CASH

SAVINGS

Moderate Risk Income Emphasis

EMERGENCY

MID TERM FACILITY

BUILDING CAMPAIGN

Cash / Investment Management – Optimizing Mix

Money MarketSavingsChecking

CD

Fixed Income

Stocks

0 1 3 6 24 48 60Low Risk High Risk

RETURNS

TIME: MONTHS/RISK LEVEL

What Are Your Needs?

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• Encourage Planned / Estate Giving for local Catholic parishes, schools and ministries and place some of gift (~50%) in the Endowment • Last Will and Testament• Beneficiary Designation:

o Retirement Fund (IRA, 401k, 403b, SEP)o Bank and Brokerage Accountso Life Insurance

• Memorial Gifts / Honorary Gifts in lieu of flowers

• Encourage a portion of annual donation go toward growing the Endowment

• Sustain the Catholic organization long term in part through ongoing distributions from the Endowment Fund

Vision / Hope: Every Catholic Parish / Organization will have an Endowment

THANK YOU!

Steve Oswald Deacon John BenageCEO/President Vice President(210)732-2153 (210)732-2157

steve.oswald@ccftx.org john.benage@ccftx.org

www.ccftx.org www.catholicfund.us

CCF/CFF, 111 Barilla Place, Suite 101, San Antonio, Texas 78209

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Statement of Disclosure / Disclaimer

• Catholic Community Foundation does not provide legal or tax advice. For legal or tax advice, please speak to your estate planning attorney and/or tax accountant.

• Neither Catholic Community Foundation, Catholic Fraternity Fund, nor the funds are registered as an investment company under the Investment Company Act of 1940 or as an investment adviser under the Investment Advisers Act of 1940.

• Participation in the funds is subject to certain risk factors described in the disclosure statement located at our website www.catholicfund.us

• Investments in the funds are not insured by the Federal Deposit Insurance Corporation (the “FDIC”) or any other governmental agency.

• No guarantee or representation is made that the funds will be successful, and investment results may vary substantially over time.

AppendixA charitable bequest is one or two sentences in your will or living trust that leave to the

Catholic Community Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

When you include the CCF in your plans, please use our legal name and federal tax ID.Legal Name: The Catholic Community Foundation for the Roman Catholic Church of the

Archdiocese of San AntonioAddress: 111 Barilla Place, Suite 101, San Antonio, Texas 78209

Federal Tax ID Number: 20-5817370Endowment Fund Name: example:

Hope for the Future Catholic Schools Endowment Fund

The information in this presentation/handout is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change.

State law may further impact your individual results.

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TOTAL BY YEAR

YEARS: 1 2 25 50 100 100

Income & Market Gains (6%) $ 6,000 6,360 10,201 17,072 47,810 2,046,046

Withdrawals to your purpose (4%) $ 4,240 6,663 11,151 31,228 1,332,628

Market Value $ 106,000 108,120 173,560 290,449 813,418 813,418

Year 100 - $100K investment has returned $1.3M to your purpose and has Market Value of $813,418

Illustrative View of Endowment fundedwith $100,000 Year 1; & no additional funds added

Illustrative only, actual returns will vary based on investment strategy and market performance

Stephen M. DufilhoChair, CCF/CFF

Board of Trustees& Board of Directors

Investments

Michael S. CiskowskiRetired Executive VP & CFO

Valero Energy Corp.

Elizabeth F. CrawfordAdvisor to the Investment Committee; CEO, Sendero

Wealth Management

Deacon Harry M. FlavinPast Chair,

Investment CommitteeManaging Director with

Avalon Advisors, LLC

Martha D. LeiperChair, Investment Committee

Senior VP, Corporate Controller, USAA

Mark P. MaysPrincipal,

Rocking M Capital and Mays Family Enterprises

Steve OswaldCEO/President,

CCF/CFF

CCF Investment Committee

Richard C. DietzRetired AT&T Officer, Past Board Secretary

CCF/CFF

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• Receives advice from hired Investment Advisor, Sendero Wealth Management

• Investment Strategy

• Asset Allocation

• Manager Selection

• Funds Allocation

• Performance of Managers and Funds

• Socially Responsible Investing with Catholic Restrictions

Work of the Investment Committee

• CCF will provide customized marketing material to support your endowment fund raising efforts – We are here to assist you!

• Marketing Materials provided:• Brochures• Fund raising letters• Posters• Parish bulletin messages and inserts

CCF Endowment Marketing Material Support

• Planned / Estate Giving Messages• Presentations• Remittance envelopes• Web updates

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Managed Endowment FundsCatholic Parishes• Archdiocese of San Antonio poor parishes• Church of the Good Shepherd• Church of the Holy Spirit • Holy Redeemer – St Peter Claver Cemetery• Immaculate Conception of the Blessed Virgin Mary, Panna Maria, TX• Notre Dame Catholic Church, Kerrville, TX• Our Lady of Grace Catholic Church• Our Lady of Guadalupe Shrine Catholic Church• Our Lady of Sorrows Catholic Church• San Fernando Cathedral• Sacred Heart Catholic Church, Del Rio, TX• St. Anthony at UTSA• St. Anthony de Padua Catholic Church• St. Francis of Assisi Catholic Church• St. Joan of Arc Catholic Church• St. Joseph Catholic Church (downtown)• St. Joseph Catholic Church, Dilley, TX• St. Joseph Catholic Church Festival, Dilley, TX• St. Mark the Evangelist Catholic Church• St. Mary Catholic Church, Medford, OK• St. Mary Catholic Church, Stockdale, TX• St. Matthew Catholic Church• St. Peter Prince of the Apostles Catholic Church• St. Pius X Catholic Church

Catholic Schools• Antonian College Preparatory High School• Central Catholic High School• Hope for the Future Catholic Schools• Incarnate Word High School• Notre Dame Catholic School, Kerrville, TX• Sacred Heart Catholic School, Uvalde, TX• Sacred Heart Catholic School, Floresville, TX• St. James Catholic School, Seguin, TX• St. Luke Catholic Church in Brownsville, TX for scholarships for past altar servers• St. Pius X Catholic School

Catholic Ministries and Social Services• Archbishop José H. Gomez ministry• Archives of the Archdiocese of San Antonio• Catholic Cemeteries of San Antonio• Catholic Charities Archdiocese of San Antonio, Inc.• Catholic Charities Guadalupe Community Center• Catholic Community Foundation Operations and Ministry fund• Catholic Community Foundation Operations• Catholic Community Foundation unrestricted general fund• Catholic Television of San Antonio (CTSA)• Friends of St. Peter-St. Joseph Children’s Home• Guadalupe Community Center• Our Lady of Guadalupe Shrine Social Services• Old Spanish Missions• Seton Home• St. Louis Cemetery, Castroville, TX• Thomas Milton Benson Jr. • Veronica Nicole Finnie’s Foundation for Family and Children

Catholic Priests and Seminary• Archbishop Flores for Endowment of Priests• Assumption Seminary• Assumption Seminary Facilities• Emery John Opiela Assumption Seminary• Seminarian Formation