News From CCF-LA | November 19, 2020 |
|
A Message From Our Chairman
As we approach Thanksgiving and Christmas, CCF-LA can close this pandemic year on a note of hope. We are filled with gratitude for this fifth year and are proud of the over $212 million in grants that have been made since 2015 to charities that sustain Catholic values.
Starting from scratch, our staff and board proved that the power of one individual as an adviser in a donor-advised fund could be magnified by the power of the many who come together in CCF-LA’s charitable-giving-and-management programs. With over $380 million in assets under management, we have proudly become one of the largest Catholic community foundations in the country. When clients choose CCF-LA, they experience personal attention from our professional staff, tools for making grants online, and the variety of choices we offer in the types of funds and investment options we offer.
There is hope in the good works that CCF-LA clients have done this year and will continue to do in the generations to come. Join us as we work to perpetuate the mission of our parishes, schools, ministries, and other charities aligned with our values to uplift all people and remove the barriers that divide our communities.
William M. Wardlaw, Chairman
|
|
The Joy of Giving With a DAF
For years I had been hearing about Donor Advised Funds. In fact, during my fundraising days at the Catholic Education Foundation, we received many checks from DAFs, but I did not believe a DAF applied to me or my family. It sounded like it was too much work and only for people of a certain income level, and besides, I liked writing checks for our family’s charitable giving.
The DAF is the core charitable giving tool we make available to individuals and I have set up a few at CCF-LA, including for my sons and their families. Still, even after setting the fund up, I was not advising grants from my DAF, I still liked writing those checks!
It wasn’t until our fifth year of operations that I was literally shamed by our staff into using my DAF! “Kathy, just like you ask others for the privilege of managing their charitable giving, you need to let us manage your giving”. I realized they were right. When CCF-LA issues a grant from my DAF, it allows the charities my family supports to be part of our CCF-LA community. And yes, it is easy to do.
Call me old fashioned, I’m still learning our online giving tools and I still like using envelopes and writing checks to my parish – even if we need to mail them in these days!
Kathy Anderson, President and Executive Director
|
|
October Investment Results From CCF-LA |
|
October was particularly difficult for the equity markets due to the uncertainty surrounding the U.S. elections and the status of the global pandemic. Nevertheless, our Balanced Pool came in -1.69% (net of fee) comparing favorably against the -2.01% benchmark. It’s a reminder of why the Balanced Pool keeps a “balanced” mixture of investments between equities (stocks) and debt (bonds) that seeks to protect during short periods of volatility while focusing on the long term. The Intermediate Fund came in -.66% (net of fee), beating the benchmark of -.83%. The returns for both funds remained positive for the year. Our Investment Committee and advisers monitor our funds and performance. If you have questions regarding CCF-LA investment portfolios, please contact us via email or call (213) 426-1187.
|
|
Still not sure what a donor-advised fund is?
Imagine CCF-LA as a bank, a DAF as a checking account, and your grants like online bill pay. Only the bank is a public charity, you get a tax deduction for any money you put into the account, and instead of bills you are sending money to the charities you care about most!
Other features of a donor-advised fund:
- Money is invested and grows tax-free, increasing your granting power.
- You can put an entire year’s worth (or more!) of donations into your DAF for one simple charitable deduction and then issue grants as desired over a period of time.
- No additional paperwork, tracking receipts, or mental tallies of what/when/where you’ve donated—it’s all tracked in your online account portal.
CCF-LA is a premier provider of donor-advised and other charitable funds and empowers YOU to do more with your philanthropy. Contact us to open your DAF at (213) 426-1187.
|
|
|
|
Welcome to Our New CFO/Treasurer |
This month we welcome Andrew O’Boyle to CCF-LA!
Andrew has a wealth of experience in the nonprofit sector and has most recently worked as the Associate Vice President for Finance and Investments and interim Chief Financial Officer for Seattle University.
With roots in Los Angeles and a degree from Loyola Marymount University, he has committed himself throughout his career to higher education and philanthropy with organizations such as Pomona College and the Gemological Institute of America. He has also served on the board of Shoes That Fit since 2008.
“When I saw the opportunity to work for CCF-LA—their commitment to integrity and the highest ethical standards—I wanted to be there and be a part of its huge potential.”
We are thrilled to welcome Andrew to the CCF-LA management team.
|
|
|
We're Thankful for Our Clients! |
|
5 Reasons to Discuss Giving Now
Virtual Events Offer Real Results
St. Joseph School in the South Bay Celebrates Updated Facilities With Ribbon-Cutting
Joining together for a small, masked event, the school community thanked the Smet Foundation and Shea Family Charities for their generous investment in the campus. Read more about this delightful event.
|
|
Year-End Giving — Don't Wait!
|
As the end of 2020 quickly approaches, now is the time to think about year-end charitable giving.
CCF-LA is ready to handle additional deposits for our clients, as well as new accounts from our Catholic community.
The cutoff for giving tax-deductible charitable giving in 2020 is December 31, 2020.
|
|
|
|
The Catholic Community Foundation of Los Angeles is committed to the prudent management of charitable investments to support the schools, parishes, and ministries that help our neighborhoods thrive in faith. To join our mission to teach and sustain Catholic philanthropy, please contact our Client Development team at (213) 426-1187 or via email.
|
|
|
|
|
|
|
