News From CCF-LA | September 23, 2021
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 | (213) 426-1180