News From CCF-LA | September 23, 2021
Family Giving Is a
Family Legacy



By Kathleen H. Anderson, President and Executive Director

History has shown that philanthropy is an essential part of the legacy of great business leaders. Look, for example, at the businesses founded over a hundred years ago in steel and oil as well as the technology giants and global enterprises of today. Great leaders and their employees recognize their moral and ethical obligations to help the less fortunate by supporting charitable works in education, healthcare, and social services. In the case of CCF-LA, we add the overarching dimension of faith as a critical component of philanthropy.

In addition to teaching philanthropy in their businesses, these leaders make special efforts to encourage their own families to learn by example. Many have set up family foundations to encourage family meetings and a broader understanding of what it means to influence their values through charitable giving.

With changes and reforms in tax laws, the creation of the Donor-Advised Fund has in many cases replaced the family foundation. Today, a Donor-Advised Fund allows for more time for families to discuss the gifting process because the administrative work of filing tax returns, conducting audits, holding meetings with minutes, and managing investments moves over to the DAF provider.

CCF-LA’s DAF program for families encourages family gatherings to focus on the values that drive their grant making, provides for a proactive approach to calculations and the timing of making grants, and especially helps families connect their generations with their values in determining the impact of their charitable giving.

At CCF-LA, we have established a Charitable Family Office that supports a family’s giving legacy through multiple funds, including the DAF, to ensure multigenerational support.

Contact our Family Office Team to discuss your own legacy of giving at giving@catholiccf-la.org.
Estate planning:
Creating a legacy for generations

Many families choose to incorporate their charitable giving as part of their estate plan. Indeed, aside from caring for themselves and their loved ones, many people make philanthropic achievements part of their lifetime goals. One of the best ways of doing so is to consider making a gift at the end of one's life. 

One of the best options when making a larger donation from an estate, or one where the donor wishes to make a gift over time, is through a Donor-Advised or Designated Fund with a community foundation such as CCF-LA.

This allows the donor to have control over the framework of the gift while he or she is alive and allows the donor’s family to carry on the work of charitable giving in perpetuity.

This is often done through a revocable trust and for many donors has the added benefit of reducing the donor’s estate-tax liabilities, which maximizes the final value of a donor’s estate for any heirs.

Another option is to include donations to charity from a retirement plan. Most charities are exempt from both income and estate taxes, so, by naming a charity as a beneficiary, once a donor’s account has been liquidated the charity will receive 100 percent of the retirement account’s value.

Incorporating charitable donations in your estate plan is a wonderful way to further your charitable legacy and provide meaningful ways for your heirs to experience the great joy of giving that has been such an important and powerful motivation in your life. 

Estate planning can be as simple as making a one-time charitable-gift provision in a will or a trust or as detailed as expanding on the scope and intent of a multiyear or multipurpose gift that creates a legacy that lives through many generations.



—T. Matthew Hansen, CCF-LA General Counsel and Senior Director of Operations
From the Desk of Our CFO
Fed Chair Jerome Powell’s comments this month were consistent with expectations that tapering could begin this year. These remarks caused equities to spur to new record highs again during the month of August despite inflation concerns, supply-chain constraints, labor shortages, and the spread of the Covid-19 Delta variant.

The total assets managed by CCF-LA as of August 31, 2021, was approximately $516.5 million (compared to $460.5 million at the end of 2020). The Balanced Pool results (net of fees) for August were +1.53%, which brought the calendar year-to-date returns to +11.44%. Our Intermediate Fund had a monthly return of +0.81% and +6.25% for the first eight months of 2021. As always, we continue to closely monitor the investment choices to be sure they produce the best possible returns for our clients. Please contact our client-services team with any questions or requests for additional information. 
— Andrew O'Boyle
Chief Financial Officer and Treasurer
Featured Fund:
Our Savior Parish & USC Caruso Catholic Center
The Endowment for Our Savior Parish was established at CCF-LA by an anonymous donor to provide annual support for maintenance, operations, student programs, and other activities of Our Savior Parish at the USC Caruso Catholic Center. We asked the center to tell us more about its important mission, including how it is engaging young Catholics. Read more.
CCF-LA News and Events
Saint John's Gala:
A Good Time Had by All

The evening was a huge success for Saint John's Seminary and special, not only for the large show of support for our longtime client of CCF-LA but also because we met up with David Zamora, a seminarian who participated in our internship program. Read more.
Take Me Out to the Ball Game

CCF-LA had the great opportunity to celebrate the Smet Foundation’s support for Catholic schools at the Dodgers/Padres game on September 11 with teachers, principals, and staff supported by the Smets. It was also a perfect venue to welcome John Smet as a new CCF-LA Board Director. Read more.
Celebrating the Archdiocese's Jubilee Year

On September 11, Kathy Anderson and Br. Hilarion O'Connor were at the Cathedral of Our Lady of the Angels for the kick-off Mass to the 250th Jubilee Year. They also toured the archival exhibits celebrating this event. Read more.
LA Catholic Prayer Breakfast 2021
A Prayerful Day for L.A. Catholics

Staff, clients, and guests joined an enthusiastic crowd of Catholics for the 16th Annual Prayer Breakfast on September 21. Fr. Greg Boyle offered the keynote address following the Mass at the Cathedral celebrated by Archbishop Gomez. Read more.
The Catholic Community Foundation of Los Angeles empowers charitable individuals and organizations across cultures and generations through professional philanthropy management solutions that allow clients to develop and sustain their philanthropy in support of Catholic values.
Catholic Community Foundation of LA CatholicCF-LA.org | (213) 426-1180