Catholic Community Fund

“So by Their Fruits You Will Know Them.” (MT 7:20)

While community foundations are generally established to benefit a geographic region, the Catholic Community Fund (“CCF,” or “Fund”) is a community foundation supporting Greater Boston’s Catholic community.

At its heart, the Catholic Community Fund is dedicated to strengthening and preserving the Catholic faith in the 144 communities in eastern Massachusetts that make up the Roman Catholic Archdiocese of Boston.

The Fund enables individuals, families, businesses and organizations to create charitable endowment funds that provide permanent support for Catholic parishes, Catholic schools, Catholic social services and other Catholic faith ministries – to help them meet current and future needs.

Each donor’s fund becomes part of a community endowment. The endowment principle is invested and a portion of its annual earnings are used to make grants that honor each donor’s wishes in perpetuity. Any earnings above the portion designated to be spent are returned to the fund to grow its principal.

CCF endowment funds are easy to set up and provide certain tax benefits, which your tax advisor can discuss with you. The Fund is overseen by a volunteer board and managed by a professional staff.

For more information on how a CCF endowment fund might work to provide continuing support for Catholic faith ministries you care about, please contact CCF’s Executive Director, Patricia Bartram, at (617) 779-3743, for a confidential discussion.

 

 

Endowment Description

(as of 6/30/11)

Net Assets

Permanently restricted $15,774,230
Temporarily restricted $ 9,666,078
Unrestricted $ 4,047,897
TOTAL $29,488,205

Some of the parishes, schools, and other ministries that receive distributions from the Catholic Community Fund:

All communities - Catholic Appeal, Catholic Charities, Catholic Schools Foundation/Inner City Scholarship Fund, Pope John XXIII National Seminary, RCAB Office of Religious Education, St. John Seminary

Arlington - St. Agnes School, St. Agnes Parish

Ashland - St. Cecelia Parish

Belmont - St. Joseph Parish

Braintree - Archbishop Williams High School

Brighton - St. Joseph Preparatory High School

Brockton - Cardinal Spellman High School

Boston - Cathedral Grammar School

Cambridge - Matignon High School

Dedham - Ursuline Academy

Dorchester/Mattapan - Campaign for Catholic Schools/Pope John Paul II Catholic Academy, Boston College High School, Boys & Girls Clubs of Dorchester, Cristo Rey Boston High School, Elizabeth Seton Academy, St. Brendan School

Everett -   Pope John XXIII High School

Hingham -   Notre Dame Academy

Hyde Park - Most Precious Blood Parish

Lowell -   St. Patrick Parish

Lynn - St. Mary High School

Manchester - Sacred Heart Parish

Milton -  Fontbonne Academy, St. Agatha School, and St. Mary of   the Hills School

Newton - Mt. Alvernia High School

Quincy -  Quincy Catholic Academy

Roxbury - St. Patrick School

Salem - St. Joseph Parish

South Boston -  Laboure Center, South Boston Catholic Academy

West Roxbury -  Catholic Memorial School, Holy Name School

           Wilmington - St. Thomas of Villanova Parish

 

Catholic Community Fund
Board of Trustees

OFFICERS

Cardinal Seán P. O’Malley, OFM Cap, CHAIRMAN
Archbishop of Boston

Kathleen F. Driscoll, PRESIDENT
Secretary for Institutional Advancement, Archdiocese of Boston
 

John E. Straub, TREASURER
Chief Financial Officer and Chancellor, Archdiocese of Boston
 

F. Beirne Lovely, Jr., Esq., SECRETARY
General Counsel, Archdiocese of Boston
 

Francis O’Connor, Esq., ASSISTANT CLERK
Assistant General Counsel, Archdiocese of Boston
 

TRUSTEES

Sheila C. Cavanaugh
Corporate Communications Consultant, Belmont

Most Rev. Robert P. Deeley, J.C.D.
Auxiliary Bishop of Boston and
Vicar General and Moderator of the Curia, Archdiocese of Boston

Very Rev. Richard M. Erikson, PhD
Pastor, Our Lady of Fatima Parish, Sudbury

Kevin P. Martin, Sr., CPA
Principal/Founding Director
Kevin P. Martin and Associates, P.C., Braintree

 

RCAB Investment Committee


Robert J. Morrissey, Esq., CHAIRMAN
Partner, Morrissey, Hawkins & Lynch


Charles I. Clough, Jr.
Chairman & CEO, Clough Capital Partners, LP


Gerald R. Curtis
Birch Hill Investment Advisors


Peter S. Lynch
Vice Chairman, Fidelity Management & Research


James J. Mahoney Jr.
President, The Mahoney Group


Thomas M. O’Neil
Managing Director & Partner, Navigator Management Company


Thomas C. Stakem Jr.
Vice President & Director of Research, Woodstock Corporation


John E. Straub
Chief Financial Officer & Chancellor, RCAB

Investment Policy Objective (from Investment Policy)

The Catholic Community Fund seeks the best possible returns while managing risk through appropriate allocation of assets among the various asset classes. Catholic Community Fund follows “The Application of Moral Principles to Investment Practices” recommended by the United States Conference of Catholic Bishops.

Spending Policy

Catholic Community Fund distributes, on a quarterly basis, one percent of the beginning-of-the-quarter market value of each fund. Distributions are not made if end-of-quarter market value is below the total contributed amount. Distributions can be reinvested, paid out or accumulated and paid out as requested. This Policy is subject to change at discretion of the Roman Catholic Archbishop of Boston.

*Includes one-time distribution from endowed fund