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.
|(as of 6/30/11)|
|Temporarily restricted||$ 9,666,078|
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
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
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
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.
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