the catholic foundation

The Catholic Foundation 2020 Annual Report

The Catholic Foundation

PO Box 2248

Jackson, MS 39225

601-960-8477

[email protected]

TABLE OF CONTENTS ......................................................... 2

MESSAGE FROM EXECUTIVE DIRECTOR ........................... 3

BOARD OF DIRECTORS ....................................................... 4

COMMITTEE MEMBERS...................................................... 5

TRUST BALANCES ............................................................... 7

GRANTS ............................................................................ 13

ESTATE PLANNING .......................................................... 15

STATEMENT OF FINANCIAL POSITION ............................ 16

STATEMENTS OF ACTIVITIES ........................................... 17

2020 Annual Report July 1, 2019—June 30, 2020

From the Executive Director

Dear Friends of The Catholic Foundation,

As we begin each new year I am always filled with hope. When 2020 began it seemed like it

was going to be a great year. However, all that changed quickly and so many will remember 2020

as the year of the Coronavirus Pandemic. I do not think anyone could have predicted something

like this would ever happen in modern times. By mid-year many of us were sheltering in place,

wearing masks, and trying to keep our families healthy.

While many of us will remember the challenging times that we faced, we are happy to report

that at the Catholic Foundation we faced many of these challenges and turned them into accom-

plishments. We set up our home offices and began a new routine. We quickly learned how to set

up zoom meetings so we could communicate with our donors and we began to re-envision our

events like our annual Bishop’s Cup.

I would like to thank all our donors. Because of your support we were able to meet our membership goal. As

you know, it is through our membership donations that we can operate the Foundation office, so we do not have to

charge management fees to each of our trust. We appreciate your generosity. We would also like to thank all our do-

nors who supported the many trusts. As you read through this report, I hope that it generates pride within you. It is be-

cause of your generosity that we can continue to grow the Foundation each year.

I would like to thank the Investment Committee. The members of this committee were dedicated to ensuring our

portfolio weathered the financial storm. They were committed to meeting weekly to keep a close eye on the market. I

would like to also thank our Board of Directors who also had to learn new technology so we could meet via zoom to con-

tinue to conduct business.

As we look back on the year of 2020, as a country our resiliency will be remembered and at the Foundation, we

will remember how our resiliency helped us to weather the storm. It is with great pride that we achieved so many accom-

plishments through our dedication to our donors, portfolio management, membership drive and our golf tournament. All

these accomplishments ensure the future success of our beneficiaries and ministries supported by The Foundation.

The Foundation staff is here to help you with your legacy gift. Please contact our office and we will work with you

on the type of gift that meets your philanthropic goals. As 2020 is behind us we look ahead to 2021 with optimism and

a belief in our mission.

Warmest Regards,

Rebecca Harris

Executive Director

Page 2

Board of Directors

Rev. Nick Adam .............................................. Jackson

Charles Adams, Jr. ......................................... Florida

Eddie Adkins ................................................. Ridgeland

Joe Azar Jr. ..................................................... Batesville

Elizabeth Barber ................................................... Flora

Marc Biggers .............................................. Greenwood

Patrick Biglane ................................................. Natchez

Carolyn Callahan ............................................ Madison

Paul Cassisa ...................................................... Oxford

Chris Cox .......................................................... Flowood

Rev. Lincoln Dall .................................................... Pearl

Harlan Dean ....................................................... Clinton

Margie Delaney ............................................... Brandon

Dr. Wayne Ebelhar ....................................... Greenville

George Evans ................................................. Madison

Keith Fulcher ................................................ Hernando

John Geary ...................................................... Jackson

Robin Haire……………………………...………………….Tupelo

Harrison Hart ................................................... Madison

Ewin Henson, III ......................................... Greenwood

Karen Hulett .................................................... Madison

Rev. Gerry Hurley ............................................. Flowood

Rev. Jason Johnston ...................................... Starkville

Bob Lampton .................................................... Jackson

Anna Langley ..................................................... Oxford

Most Reverend Joseph Latino ....................... Emeritus

Lewis Mallory, Jr. ........................................... Starkville

Marcus Mallory ............................................ Columbus

Steve Massey .............................................. Ridgeland

Jim McCraw .................................................... Jackson

Bill O’Connor ..................................................... Clinton

Emil Pawlik ..................................................... Jackson

Allan Scott. ........................................................ Clinton

Stephen Shackelford .................................... Madison

Bryan Shaver ........................................... Olive Branch

Steve Shirley ................................................... Jackson

Michael Smith ......................................... Brookhaven

A. J. Stone, Jr. ................................................. Jackson

Yvonne Thaxton ............................................. Brandon

Rev. Scott Thomas ........................................ Natchez

Katie Walley ................................................... Brandon

Christopher Walters ...................................... Brandon

Dr. David Wender ........................................... Jackson

Lee White, II ...................................................... Natchez

Donna Williams .............................................. Jackson

OFFICERS OF THE FOUNDATION

Bishop Joseph Kopacz Director

Joe Rice, Jr. President

Chris Correro Vice President-President Elect

Michael Kimbrell Treasurer

Diane Pumphrey Secretary

Committee Members

Executive

Bishop Joseph Kopacz

Joe Rice, Jr.

Chuck Adams, Jr.

Carolyn Callahan

Chris Correro

Fr. Lincoln Dall

George Evans

John Geary (Emeritus)

Rebecca Harris

Harrison Hart

Michael Kimbrell

Lewis Mallory

Diane Pumphrey

Steve Shackelford

Michael Smith

A.J. Stone, Jr.

Investment


Chris Correro Chair

John Geary (Emeritus)

Rebecca Harris

Joe Rice, Jr.

Steve Massey

Steve Shirley

Grant Allocation


Carolyn Callahan

Fr. Lincoln Dall

Margie Delaney

Wayne Ebelhar

Rebecca Harris

Ewin Henson

Joe Rice, Jr. Chair

Sonny Stone

Donna Williams

Budget

Joe Rice, Jr.

Carolyn Callahan

Michael Kimbrell Chair

Rebecca Harris

Income Development

Marc Biggers

Pat Biglane

Paul Cassisa

Wayne Ebelhar

Keith Fulcher Chair

Rebecca Harris

Karen Hulett

Anna Langley

Jim McCraw

Bill O’Connor

Emil Pawlik

Bryan Shaver

Mike Smith

Chris Walters

Nominating


Fr. Lincoln Dall

Rebecca Harris

Lewis Mallory

Jim McCraw

Joe Rice, Jr.

Lee White

Golf Tournament

Stephen Carmody Chair

Brandi Fournet

Rebecca Harris

Mike Kimbrell

Katie Walley

Ethel Westbrook

Julia Williams

Mary Woodward

“It is not about how much you do, but how much love you put into

what you do that counts.” ~ Saint Mother Teresa of Calcutta

Catholic Foundation Trust

Many donors have chosen to start a trust with the Catholic Foundation. The chart below shows the breakdown of those

trusts. A trust with The Catholic Foundation is a way to leave a legacy that will make a difference for generations. It is a

simple and easy process.

First Determine how much you wish to invest in the future of your parish through a trust.

Second Designate the purpose of your trust.

Third Call The Catholic Foundation staff to begin the process. Rebecca Harris 601-960-8477

Campus Ministry Dean Allen McGhee (MS State)

St. John Trust for Campus Ministry (Ole Miss)

Richard and Frances Boekman (Millsaps)

Total Principal $39,467

Catholic Charities

A. Clinton and Margaret Smith

Associated Charities Trust

Catholic Charities Trusts

Catholic Charities Adoptive Parents Trust

Catholic Charities Northeast Office Trust

Catholic Charities Victims of Abuse Trust

Cogan/Chamberlain Families Trust

Downey-Klingen Family

Holy Innocents Trust

Lucille Bailey Thomas Fund

Msgr. Noel Foley

O'Beirne-Williams

Rose Harris Memorial Trust

The Mamie Mastronardi Trust

Wallace Carpenter Family #1

William Bernard Kovarik Memorial Trust

William R. Baird

Total Principal $1,012,517

Diocesan

Albert James and Christine Magruder

Hackl Family Trust

Beltzhoover Mass Trust

Bishop William R. Houck

Bishop William R. Houck Education Trust

Catholic Diocese Trust

Catholic Engaged Encounter

Endowment for Evangelization

Hagen Family

Harland and Romain Adams

Jackson Diocese Special Needs

Jane Gitz Trust

Jane Hewes

John and Mary Catherine Grower

Joseph E. Canizaro, Sr. Family

Matthew Scott "Polska" Gatewood Trust

Office of the Tribunal

Our Lady of Guadalupe

Ron and Catherine Tisch Trust

Shackelford Trust

The Frank J. Mastronardi Trust for the Diocese

W.F. Coolbaugh

Youth Ministry Office Endowment


Foundation

Charitable Purposes

Ambrose B. Dunn

Anthony and Dorothy Roman

Anthony Thomas Family

Bishop Joseph B. Brunini

Bishop William R. Houck Memorial Trust

Business PLUS

Catherine Ann Cross

Catherine Goetz Gill

Catherine McCosker

CF Presidential Trust

Corinne Laguzzi Hinton

Dr. William Cunningham McHardy Memorial

Edith D. Hegman

Edward Buttross #1

Englehart & Merzweiler

Fr. Don Derivaux Memorial Trust

Fr. Lawrence Watts #1

Fr. Lawrence Watts #2

George Roman Charitable Works Trust

John H. Geary

John T. Kelly

Joseph and Nena Hildebrand

Joseph R. Kopacz Trust

Kenneth A. and Mary Brown

Lawrence F. Boland

Leo T. Donnelly

Manuel J. Scanlon

Mary Nell Donohoe

Memorial Trust

Mr. and Mrs. Raymond A. Rayne

Pradat Family

Rev. Msgr. James T. McKenna

Reverend Martin Ruane Memorial Trust

Reverend Patrick Noonan Memorial Trust

Richard and Betty Herschede #1

Unrestricted Trust

W.E. Gene and Dorothy M. Taylor

William H. Miller


Foundation Operations

Charles P. and Kathryn O. Adams Trust

Richard and Betty Herschede #2

Msgr. Patrick Thaddeus Harkins Trust

Lifetime Membership


Insurance

John H. Geary (foundation purposes)

Christopher Walters (foundation purposes)

Margaret O. Williams (Catholic Charities)

Knights of Columbus

(for Seminarian Education)

Dennis J. Antici

Daniel H. Bicknell

Martin K. Bisek

David A. Breaux

Michael P. Brechtel

Catherine A. Brulin

Vincent P. Chiarito

Paul J. Croft

Michael E. Daves

Cathy W. Ditcharo

Wayne Ebelhar

Brian T. Engelland

Theodore D. Gray

Charles Hahn

Jeffery Kimbrell

Sterling O. Knight

Marvin L. Lott

Jobe Maynor

Marion J. McCraw, II

William L. Morris

Jim V. Pate

John F. Piazza

Patrick K. Quinn

Dennis K. Riecke

Jerry C. Roberts

George Roman

Dr. James R. Rooks

Thomas W. Thornton

John W. Turner, Jr.

Policy Amount $520,499

PARISH TRUSTS


Aberdeen - St. Francis

Teresa B. Pryor


Amory - St. Helen

St. Helen Parish


Booneville- St. Francis

St. Francis of Assisi Parish


Brookhaven - St. Francis St. Francis of Assisi Parish


Camden, Sacred Heart Immaculate Conception Cemetery Trust


Canton - Sacred Heart

Bertha Gross

Edward Buttross #2


Carthage - St. Anne

Leake County - St. Anne Catholic Cemetery


Clarksdale - St. Elizabeth

St. Elizabeth Parish


Trust Balances by category as of June 30, 2019


Cleveland -

Our Lady of Victories

Joe and Victor Aguzzi

Rev. Thomas Lalor


Clinton - Holy Savior

Charles and Mark LeBlanc Memorial

Holy Savior Parish

James N. Wallace

Sisters Michele Doyle and Kathleen Kunze


Corinth - St. James

St. James Parish


Crystal Springs - St. John

Abraham M. and Clara H. Boackle


Flowood - St. Paul

St. Paul Parish


Forest - St. Michael

St. Michael Parish


Gluckstadt - St. Joseph

St. Joseph Cemetery Trust

St. Joseph Parish


Greenville - Sacred Heart

Sacred Heart Greenville Tuition Endowment


Greenville - St. Joseph

Augustine J. "Gus" Correro

Frank Binder

Hugh and Agnew Van Norman

Jim Crawford Memorial Trust

Joseph "Bo" Watson

Joseph Reilly

Katherine Reilly

Margaret Loyacono

Patricia Prewitt

St. Joseph Church

St. Vincent de Paul

Vincent and Camille P. Provenza


Greenwood - Immaculate

Heart of Mary Alex and Stella Malouf, Sr.

Florence M. Biggers

Immaculate Heart of Mary Priest

Appreciation Trust

John and Maggie Malouf

Josephine Barlow

Loyce Upchurch Dykes Trust

McGeary Family

Michael and Glenda Upchurch Trust

Rev. Msgr. John F. Clerico

Vennis L. Upchurch

Wallace Carpenter Family #2


Greenwood- St. Francis

Fr. Nathaniel Machesky


Grenada - St. Peter Christopher Harris Scholarship Trust

John and Mary Messina Memorial Trust


Holly Springs - St. Joseph

David A. Houck

St. Joseph Parish


Houston -

Immaculate Heart of Mary

Phyllis Bray

Teresa B. Pryor


Iuka - St. Mary

St. Mary Parish


Jackson -

Cathedral of St. Peter

Clarence and Rubye Lefoldt

Ellis Joseph and Herbert Nunnery

Frank Mastronardi Trust for the

Cathedral of St. Peter the Apostle

James T. Canizaro Family

Joey and Jenny Donnell

Keith E. Edwards Memorial

Lance and Elaine Brien

Michael and Melanie Dowell

Neel Family

Richard and Frances Boeckman (Millsaps)

Sister Claudia Murphy

St. Peter Cathedral Parish


Jackson - Christ the King

Christ the King Parish

Patricia Green


Jackson - St. Richard

Barbara Hardin Crespino Memorial Trust

Hart Family Memorial Trust

Msgr. Josiah G. Chatham

St. Richard Special Kids

St. Richard's Youth Program (Jake Addison)


Jackson - St. Therese

Brother Luke Pearson Scholarship Trust

Leah Youngblood

Louis V. Covert Memorial Scholarship Trust

St. Therese Parish


Lexington - St. Thomas

St. Thomas of Lexington


Madison - St. Francis

St. Agnes Fund

St. Francis Parish


McComb - St. Alphonsus

Igor Santos

M.B. and D.C. Schott Memorial Trust

St. Alphonsus Parish

Thomas B. Austin


Meridian - St. Joseph

Bernice R. Pringle Memorial Trust

Charles and Mary Bohannon Trust


Meridian - St. Patrick

St. Patrick Cemetery Trust

St. Patrick Parish


Natchez - Assumption

D'Antoni Family

Rev. Patrick Hayden

Rosa and Emilio Benedettini Trust




Natchez - St. Mary Basilica

Annette Lombardo Davidson McGraw

Charles H. Berdon Family

Guerico Family Trust

St. James Cemetery Trust

McGraw Trust

St. Mary Parish

Trippe Family


New Albany -

St. Francis of Assisi

St. Francis Parish


Newton - St. Anne

Emily O'Rorke Summer


Oxford - St. John

Clayton Stephens Benevolent Trust

Eugene V. and Lucie Amelie Bramlett Trust

Frances Breaux Smith Scholarship Trust

Frances Selzer Talbert

Mary Lillian "Sue" Hart Trust

Robert W. Cleary

St. John Trust for Campus Ministry

The Jane Cassisa Scholarship Trust

Victor and Gladys Baglioni Vocation Trust


Paulding - St. Michael

Paulding - Dan M. Skehan

Paulding - Eva and William Harrington

Paulding - St. Michael's Catholic Cemetery

St. Michael (Paulding) Parish


Philadelphia - Holy Rosary

Choctaw Indian Mission Trust

Holy Rosary Indian Mission Cemetery Trust

Holy Rosary Parish

Indian Mission Lands Trust


Port Gibson - St. Joseph

Eli and Kathryn Cogan Ellis Memorial Trust

Msgr. Thad Harkins

St. Joseph Catholic Cemetery Trust

St. Joseph Parish


Senatobia - St. Gregory

St. Gregory the Great Parish


Shelby - St. Mary

St. Mary Parish


Starkville - St. Joseph Dean Allen McGhee (MS State)

St. Joseph Parish


Tupelo - St. James

St. James Parish


Vicksburg - St. Mary

St. Mary's Scholarship


Vicksburg - St. Michael St. Michael Parish


Vicksburg - St. Paul Josephine R. Walters

St. Paul Parish


West Point -

Immaculate Conception

Immaculate Conception Parish

Jody Portera


Winona - Sacred Heart

Betty Humphries Neal

Louise B. Jones

Raymond Dietta Family

Sacred Heart


Woodville - St. Joseph

St. Joseph Church


Yazoo City - St. Mary

Edward T. Jordan, Jr.

Jordan Family

Margaret M. Swayze

Marion Dongieux, Sr.

Mr. and Mrs. D.P. McGowan Trust

St. Mary Parish Trust


Priest Retirement

Bishop Joseph B. Brunini Burse

Clarence and Mary Carroll

Dan and Marie Nicholas

Eli and Kathryn Ellis

J.C. Maloney #1

John Alexander Bellan Priest Retirement

John Browne Family

Josephine and Bob Nader

Lucille Bailey Thomas Priest Retirement

Messina and Tuminello Family #1

Msgr. Edward Cratin

Msgr. P.J. Carey

Tessie Peatross Hickman (Bishops)


Saltillo, Mexico

Rev. Patrick Quinn


SCHOOLS

Total School Trusts $6,820,201

Clarksdale - St. Elizabeth

Anthony and Mary Elizabeth Tavoleti Trust

Elizabeth Malatesta Scarborough Trust

Shepherd William Haaga Trust

St. Elizabeth School


Columbus - Annunciation Annunciation School


Greenville -

Our Lady of Lourdes

Robert and Helen Turcotte Memorial Trust

Sarah Lee V. Little


Greenville - St. Joseph

Beatrice Bea Wise

Br. Thomas Geraghty

Century III Foundation

Charisse Harris

David L. Vickers

Eddie Somers

Edna and George Shamoon

Elias P. Shapley Perpetual Trust


Frances Hickman Memorial Trust

J.P. Tonnar

J.W. Blalack

Jason P. Mandolini

Jeremiah and Julia Mary Corcoran

Jerry Hendrick

Jesse Edwards

Ken Radigan

Martha K. Lenoir

Matthew James Cannatella

Paul Edward Abide, Sr.

Rebecca Rosella

Rev. Gene Chatagnier

Richard and Mary Somers

Sister Marie Alspaugh

Sisters of Mercy Perpetual Trust Fund

St. Joseph Charitable Trust

St. Joseph Endowment


Greenwood -

St. Francis of Assisi School

Biggers Machesky Scholarship Trust

Michael and Melanie Dowell

St. Francis of Assisi

Thaxton Family


Jackson -

Sister Thea Bowman School

Dr. Gloria D. Beal

Sister Thea Bowman


Jackson - St. Richard School

Hart Lovitt Memorial Trust

Jules Michel St Richard School Trust

St. Richard Certified Teacher Incentive

St. Richard Education Trust


Madison -

St. Joseph High School

Angela Kajdan

Bonnie Loper Mowery Memorial Trust

Delaski Family Scholarship Trust

John Alexander Bellan St. Joseph Trust

Mathew Johnston Memorial Trust

Maureen McCarthy

Michael "Duke" and Matthew Rene Barbee

Matthew Mattice Memorial Scholarship

Patrick Grower and John G. Subowicz

Pete and JoAnn Foret

Rebecca Hirtz Hargon

Robert Bruce McArthur

St. Joseph High School

St. Joseph High School Endowment

Thomas A. Wolf

William Dunning Trust


Meridian - St. Patrick School St. Patrick School


Mobile AL -

Spring Hill College

Bishop Brunini Catholic College

Stella Schmidt


Natchez - Cathedral School

Burns-Grady Family

Cathedral Schools Charitable

Certified Teacher Incentive

Daughters of Charity

Dominic and Josephine Maresca DiStefano

George and Ninette Junkin

Hailey Estes

James R. Arnold, Sr.

Jules Michel Staff Recognition Trust

Julia C. Stanton

Kevin and Rosa Byrne Family

Melanie A. Scruggs Shereb Memorial Trust

Natalie C. Luscombe

Stella Austen Gilleas Handy

T. Jack Owens


Vicksburg Schools -

St. Francis and St. Aloysius

Adam A. Rula

Aloysius and Mary Camp

Anthony Cozzani

Bill and Marie Jennings Memorial Trust

Brothers of the Sacred Heart

Bruce A. Ebersole

Corey Pinkston Family

Dante and Michael Ganzerla

Dorothy Supple Yerger

Douglas Buglewicz Memorial Trust

Dr. Ann Wheeless and Mr. Peter Pikul

Erwin Baylot Memorial Trust

Graduating Senior Class

John Alexander Bellan Trust

Joseph T. Balzli

Loviza Family

Mamie Nassour

Martin Lombard Burns

Mary Bendinelli Denton

Mary Eloise Guider Morgan and Braud

Nellie A. Prendergast

Patricia A. McGowan Scholarship Trust

Pete, Carmella and Franco Family

Pikul Family

Robert Knox Foley III Memorial Scholarship

Rosemary Schaff

Sr. Mary Cabrini Fagan, R.S.M.

St. Aloysius - St. Francis

Thomas E. Dykes, Jr.

Vedros Family

Vicksburg Catholic School Endowment

Vicksburg Catholic Schools Sisters of Mercy


Seminarian Education

A.J. Kourys, Eugenia Koury and

Msgr. Joseph Koury Family Trust

Bishop Joseph B. Brunini Anniversary Trust

Bishop R. O. Gerow

Dr. and Mrs. Iley F. Dillon

Eli and Kathryn Ellis

Hart Lovitt Seminarian Memorial Trust

Fr. John Patrick Egan

Frank Binder

Ganzerla Family

Harold and Kathryn Lehman Family

Harry and Jimmy Lou Goulet

J.C. Maloney #2

James Patrick Miller

Jane Gitz Seminarian Education Trust

Joe G. and Adelle Unis Rice

John and Teresa Latino

Joseph Brendan Kraft Memorial Trust

Knights of Columbus

Lucille Bailey Thomas Priest Fund

Margaret Haaga Murphree

Martha and Paul Tarbutton

Messina and Tuminello Family #2

Msgr. Michael Glynn

Msgr. Thad Harkins

Philip Tavoleti

Rev. Charles Loyacono

Rev. Walter Maloney

Seminarian Education Trust

Tom and Bessie Haddican

Warren and Claudia Adams


Senior Citizens

Bishop's Poor Souls Novena


Donor Stories

Immaculate Heart of Mary Catholic Church, Greenwood, MS

I was baptized as an infant in a small parish in the MS Delta that I still attend. I have seen the number of families in our

church decline from the 1970’s and I started a trust because I think the Mississippi Delta will still be declining in populat ion

going forward. With a trust my parish can receive annual income in the future to financially support my church family.

~ Mike Upchurch, Greenwood, MS

St. Richard Catholic Church, Jackson, MS

I wanted to start a trust to support the practice of my Catholic faith. As I grew up, my mother instilled a deep love of my

Catholic faith in me. My wife Judy and I were raised Catholic and 52 years ago we were married at St. Richard. This trust will

support the parish that has given so much to us through the years.

~ Mike Hart, Jackson, MS

St. Joseph Catholic School, Madison, MS

We started the Delaski Family Scholarship Trust at St. Joe in mom’s name as a tribute to her love and dedication to Catholic

Education. Throughout her 30 plus years of teaching in the Jackson Diocese, she often found herself financially supporting

deserving students whose financial situation would not allow them to continue their education at St. Joe. This fund was

established to continue her behind the scenes financial support of these deserving students.

~ Jean Terry, Jackson, MS

Vicksburg Catholic School, Vicksburg, MS

My family has been a part of St. Francis/ St. Al Catholic Schools for over four generations. My sister Rita was the youngest

of seven siblings to attend Vicksburg Catholic schools. She loved every moment! She was a devoted member of the band

throughout. When she died at age 52 from cancer it was devastating because she was the youngest and life wasn’t suppose

to happen that way. I wanted a way to honor her memory and I knew establishing a Trust with The Catholic Foundation in her

name to aid a Vicksburg Catholic band student was the right way to do it. I’m proud to continue my family’s support of

Catholic education in this way.

~ Gil Israel, Brevard, NC

Catholic Foundation Grants

PARISHES Camden, Sacred Heart, $4,000

Summer enrichment program

Canton, Holy Child Jesus, $700

Faith formation program

Gloster, Holy Family, $4,500

Faith formation program

Greenwood, IHM, $765

Faith formation registration

Grenada, St. Peter, $4,500

Sacristy Repair/Renovations

Indianola, St. Benedict, $4,800

Roof Repairs

Kosciusko, St. Therese, $3,000

Space heaters

Leland, St. James, $5,000

Wifi/floor renovations

Pearl, St. Jude, $5,000

Live Streaming / security equipment

Woodville, St. Joseph, $4,484.81

Church repairs

Yazoo City, St. Mary, $1,300

Pastoral and faith formation

SCHOOLS Greenville, St. Joseph $2,500

Chromebooks

Jackson, Sister Thea $1,150

COVID protection system

Meridian, St. Patrick $3,500

Library Enhancement

Natchez, Cathedral, $2,500

Water cooler filling stations

CATHOLIC CHARITIES

Born Free/New Beginnings, $5,000

Baby supplies

Hope Haven, $5,000

Counseling and financial support for housing

ORGANIZATIONS

Office of Child Protection, $3,700

Safe Environment Program

Office of Family Ministry, $2,800

Pro Life billboards

SENIORS AND POOR CITIZENS

Bishop’s Poor Souls Novena Trust

Jackson, Christ the King, $1,500

Jackson, Cathedral of St. Peter, $3,500

The Foundation has 38 trust that are specifically for grants (see page 19 Foundation Purposes).

Each year Catholic parishes, schools, Catholic Charities and Ministries within the diocese may apply

for a grant.

Catholic Foundation Grants

Diocesan Protection of Children

Safe Environment Grant—VIRTUS is a comprehensive safe environment program utilized in the Diocese of Jackson. VIRTUS

assists the diocese in our commitment to Protecting God’s Children. In the Virtus training sessions, we are each called to

make concrete changes to protect the children in our homes, churches, schools, and communities. All adults are protectors

of children, regardless of the individual’s role in the Church. We are all involved in protecting children because we are part

of the solution in eradicating child sexual abuse. VIRTUS plays a vital role in the solution of recognizing and addressing child

sexual abuse. This grant has helped to accomplish our mission. ~ Vickie Carollo, Protection of Children Coordinator

Catholic Charites Born Free/New Beginnings Program

Our Catholic Foundation Grant was crucial in assisting pregnant and parenting mothers secure much needed supplies for

their children such as diapers, wipes, formula, baby bottles, infant clothing, bassinets, and developmental toys which they

would not otherwise have been able to afford. Each infant in the Born Free/New Beginnings program had basic needs met

due to the generosity of the Catholic Foundation Grant. ~ Wanda Thomas, Catholic Charities Executive Director

St. James Leland

Had it not been for the Foundation grant, St. James, Leland would not be able to send out our bulletins, readings, and other

important items to our parishioners once COVID-19 began. We had a very old printer (20+ years and no parts available). I

applied for a grant and received the grant in time to purchase a new printer with scan, e-mail, and color printing. We could

have not purchased this printer had we not received this grant. ~ Deborah Ruggeri, St. James, Leland, MS

Diocesan Family Ministry—Choose Life Billboards

“The $2,800 grant from the Catholic Foundation provided for a very effective form of spiritual advertisement promoting pro-

life and respect for all life in Diocese of Jackson. The beautiful, prayerful, and inspirational design of Our Lady and Baby

Jesus encourages those who view it to pray to stop the abortion of innocent lives perishing every day, and to pray for the

saving of all lives. The Office of Family Ministry received very positive comments from individuals reflecting how the

billboards touched their hearts, and inspired them to pray and share their concerns on the critical issues of pro-life.”

~ Charlene Bearden, Family Ministry Coordinator

St. Peter Grenada

"Our Sacristy was in very bad shape. It is my belief that good stewardship includes taking care of our assets, especially our

church building, so that we can minister to our parish effectively. This grant will allow us to get to the bottom of the

plumbing issues, repair and reinforce the subfloor, install new tile flooring and new cabinetry. Without the grant

from Catholic Foundation we would not have been able to make these repairs happen." ~ Crystal Hogan, St. Peter Grenada, MS

The Catholic Foundation offers many gift

opportunities to help with your philanthropic goals.

Our office is here to help you with gifts of:

Wills and Bequests • Starting a Trust • Insurance Policy

Charitable Gift Annuity • Donor Advised Funds

Any of these gifts can be designated to benefit your:

Parish • Catholic Charities • Catholic School

Retired Priests • Seminarian Education

Do you have a Will?

Our Staff is here to help you with your Estate Planning We can assist you with our

will planning guidebook

so that you can thoughtfully consider

all those you wish to include in your will.

Plus, this guidebook will help you

when you visit your estate attorney.

Email or call to get a will planning guidebook

that will help you and your Estate Planner.

[email protected]

601-960-8477

2020 2019

ASSETS

Cash $ 66,062 $ 111,530

Investments 32,072,255 31,652,120

Cash Surrender Value of Life Insurance 160,369 147,324

Prepaid Expenses 1,995 1,025

Total Assets $ 32,300,681 $ 31,911,999

LIABILITIES AND NET ASSETS

Income Payable to Beneficiaries $ 786,859 $ 748,756

Accounts Payable 2,422 785

Annuities Payable 47,313 50,130

Total Liabilities $ 836,594 $ 799,671

NET ASSETS

Without Donor Restrictions:

Undesignated $ 4,827,997 $ 5,238,420

Designated 3,258,325 3,216,015

Total Net Assets Without Donor Restrictions $ 8,086,322 $ 8,454,435

With Donor Restrictions $ 23,377,765 $ 22,657,893

Total Net Assets $ 31,464,087 $ 31,112,328

Total Liabilities and Net Assets $ 32,300,681 $ 31,911,999

THE CATHOLIC FOUNDATION OF THE DIOCESE OF JACKSON, MISSISSIPPI, INC.

STATEMENTS OF FINANCIAL POSITION

June 30, 2020

With Comparative Information as of June 30, 2019

Without Donor

Restrictions With Donor Restrictions 2020 2019

Support and Revenue:

Contributions $ - $ 391,049 $ 391,049 $ 734,469

Special Events 33,190 - 33,190 35,270

Membership 100,515 - 100,515 101,594

Foundation Trust 57,105 - 57,105 52,609

Annual Meeting 6,595 - 6,595 7,345

Increase in Cash Surrender Value - 13,045 13,045 19,714 Net Assets Released From

Restrictions 73,599 ( 73,599 ) - -

Total Support and Revenue $ 271,004 $ 330,495 $ 601,499 $ 951,001 Expenses:

Administrative $ 164,463 $ - $ 164,463 $ 153,356

Distribution to Beneficiaries 785,434 - 785,434 762,810

Grants 73,599 - 73,599 72,576

Total Expenses $ 1,023,496 $ - $ 1,023,496 $ 988,742 Changes in Net Assets from Operations ( $ 752,492 ) $ 330,495 ( $ 421,997 ) ( $ 37,741 ) Other:

Change in Value of Split-Interest Agreements ( $ 4,030 ) $ - ( $ 4,030 ) ( $ 4,063 )

Transfer Between Funds ( 389,377 ) 389,377 - - Investment Return, Net 777,786 - 777,786 1,179,495

Total Other $ 384,379 $ 389,377 $ 773,756 $ 1,175,432

Change in Net Assets ( $ 368,113 ) $ 719,872 $ 351,759 $ 1,137,691

Net Assets at Beginning of Year 8,454,435 22,657,893 31,112,328 29,974,637

Net Assets at End of Year $ 8,086,322 $ 23,377,765 $ 31,464,087 $ 31,112,328

THE CATHOLIC FOUNDATION OF THE DIOCESE OF JACKSON, MISSISSIPPI, INC.

STATEMENTS OF ACTIVITIES

For the Year Ended June 30, 2020 With Summarized Information For The Year Ended June 30, 2019

The Catholic Foundation Board of Directors

and staff invite you to learn more about our

services and opportunities for giving.

For more information, please contact:


P. O. Box 2248

Jackson, MS 39225-2248

Phone: 601-960-8477

[email protected]

the catholic foundation

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