Annual Report 2017 - Catholic Foundation of the South Plains CF An… · 2 CATHOLIC FOUNDATION DIOCESE OF LUBBOCK TABLE OF CONTENTS CFDL 2017 Annual Report 2.indd 2 2/15/18 6:32 PM

Annual Report

2017

CATHOLIC FOUNDATION

DIOCESE OF LUBBOCK

CFDL 2017 Annual Report 2.indd 1 2/15/18 6:32 PM

2017 ANNUAL REPORT

A Message From The Bishop

Gather. Grow. Give.

Our Giving History

Our Grant Program

Our Donors

Supporting The Catholic Foundation

Endowments

Statement of Financial Position

Statement of Financial Activities

Grant Program

2017-2018 Investment Committee and Board Members

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2 CATHOLIC FOUNDATION DIOCESE OF LUBBOCK

TABLE OF CONTENTS


Dear Sisters and Brothers in Christ,

Thank you for supporting the Catholic Foundation of the Diocese of Lubbock. I am grateful for the seeds planted and nourished by your previous Bishops, Archbishop Michael

Sheehan and Bishop Emeritus Plácido Rodríguez, CMF. As you read in my public letter regarding the finances of the Diocese, we are in great financial need, but more importantly, we are in need of a change of understanding. I am afraid we are either unaware of God’s blessings in our lives, or worse we do not know how to thank God for these blessings. I have called for a deeper understanding of the spirituality of stewardship throughout the diocese.

The Catholic Foundation is a powerful vehicle for exceptionally generous individuals and families like you to witness to the spirituality of stewardship. As stewards of God’s gifts we are not passive beneficiaries. We are called to cooperate with God in our own redemptions and in the redemption of others. We are obliged to be stewards of the Church—collaborators and cooperators in continuing the redemptive work of Jesus Christ, which is the Church’s essential mission.

The United States Council of Catholic Bishops teaches that “As Christian stewards, we receive God’s gifts gratefully, cultivate them responsibly, share them lovingly in justice with others, and return them with increase to the Lord.” As you reflect on this, know that I will not take you where I have not been. As a parish pastor I found great joy in leading my parishioners on their stewardship journey. I look forward to leading you on this journey as well. The journey began last year when I pledged transparency of diocesan spending. I have and will continue to honor that pledge. I appreciate the feedback I received regarding my aforementioned letter. This year on our journey, join me in a prayer of awareness. Let us pray we are aware of God’s blessings in our lives and can offer an act of generosity in thanksgiving for those blessings. Pope Francis reminds us that, “God asks everything of us, yet at the same time he offers everything to us.” He has given us everything we need for a steward’s journey; may we find the courage to return those gifts in abundance. May God bestow His blessings upon you.

Sincerely in Christ,

Most Reverend Robert M. Coerver

2017 ANNUAL REPORT 3

A MESSAGE FROM THE BISHOP


As Catholics we gather often. We gather around the Eucharistic table every Sunday for Mass. In Lent we gather around the cross. In Christmas we gather around the manger. Our faith calls us to gather our love of Christ and share it with the world.

S ince 1987 the Catholic Foundation has answered the Church’s call to gather as it

brings together generous Catholics dedicated to leaving a legacy for the Catholic Church to carry out its mission in West Texas.

At the Sermon on the Mount Jesus tells us the Parable of the Talents. In this lesson he calls the servant who buried his talents a “wicked and lazy servant.” Here we learn that Jesus expects growth, he expects our gifts and blessings to multiply.

In its thirty years in existence, the Catholic Foundation has tripled in assets, through ongoing donations and investment gains. Today the Foundation has $3 million in invested assets.

As Christian stewards, we receive God’s gifts gratefully, cultivate them responsibly, share them lovingly in justice with others, and return them with increase to the Lord. When we arrive at the Kingdom will we bring God

the blessings he gave us during our lifetime? Or will we bring an overflowing basket of the multiplication of our gifts through the generosity we shared while here in Earth?

Only after decades of gathering and growing did the Foundation’s leadership feel comfortable giving proceeds from the investments in 2000 in the form of grants. The year 2017 revealed the great financial hardship in the diocese. Bishop Coerver needs the Foundation to gather, grow and give in a way that supports the $700,000 parish support burden on the diocese.

GATHER. GROW. GIVE.


OUR MISSION


30 YEARS OF GIVING

FOUNDED by Bishop Michael Sheehan

INCORPORATED by Bishop Placido Rodriguez

Assets reach more than $1,000,000

Grant program beganFirst grants were to Christ the King Cathedral School, St. Joseph’s Catholic School, St. George Catholic Church in Haskell, St. Jude Church in Tahoka and the Diocese of Lubbock

Assets reach $2,000,000

$1,000,000 given in grant funding since 2000 inception

Assets reach more than $3,000,000

1987

1998

2000

2008

2010

2017


OUR GIVING HISTORY


2017 GRANT RECIPIENTS

Thanks to the generosity of its donors and to favorable earnings on its investment portfolio, The Catholic Foundation of the Diocese of

Lubbock, Inc., has awarded a record number of annual grants, including $85,000 to the Diocese of Lubbock to use in its ministries, $18,000 to parishes, Catholic schools and organizations and a special $5,000 grant to Campus Ministry.

$85,000 GRANT TO THE DIOCESE OF LUBBOCK WASDISTRIBUTED TOWARDS:

Security Infrastructure

Rural ParishSupport

DiocesanMinistries

ANSWERING THE CALL OF OUR SHEPHERD

In response to Bishop Robert M. Coerver’s expressed passion of Campus Ministry programs throughout the Diocese, the Board of Directors of the Catholic Foundation designated a $5,000 grant to the Raider Catholic Campus Ministry program of St. Elizabeth University Parish in 2017. It is expected this grant will help provide a Catholic ministry to the rising enrollment at Texas Tech University. With the open-ing of the John Saleh Catholic Student Center, Raider Catholic is expecting their student outreach to grow rapidly and the Catholic Foundation is honored to support the young adults of our Church.


OUR GRANT PROGRAM


$2,500 to St. Isidro, Abernathy, to replace leaking gas line

$750 to St. Michael, Anson, to renovate Parish Hall

$500 to St. Anthony de Padua, Anton, to repair Parish Hall floor

$250 to St. Mary, Aspermont, to purchase material to build kneelers

$500 to St. Anthony, Brownfield, for Vacation Bible School materials/supplies

$500 to St. Mary Magdalen, Earth, to purchase liturgical vestments

$500 to Holy Trinity, Hamlin, to purchase projector and screens

$250 to St. George, Haskell, for classroom needs such as AV equipment, books, videos and music

$1,000 to St. Phillip Benizi, Idalou, to purchase new tabernacle

$750 to Campus Ministry of St. Elizabeth Parish for subscription to FORMED website and phone app

$750 to Catholic Charities for Parent Empowerment Program Workshops

$1,000 to Christ the King School, Lubbock, for Adopt-a-Student Program providing financial assistance for tuition of eligible students

$85,000 to Diocese of Lubbock, Lubbock, for its many ministries, including seminarian education, clergy continuing information, faith formation, youth, marriage and family life, vocations, peace and justice

$500 to Nurturing Center, Lubbock, for expenses related to presenting Theology of the Body programs in rural parishes

$500 to Rachel’s Vineyard Retreat Ministry of West Texas, Lubbock, for scholarships for those suffering from the trauma of abortion to attend a healing retreat.

$500 to St. Joseph Church, Lubbock, to renovate youth room

$500 to St. Theresa, Lubbock, for Jr. and High School to purchase LifeTeen and EDGE

$750 to Immaculate Conception, Muleshoe, to purchase parish hall refrigerator

$1,000 to St. Elizabeth, Paducah, toward rectory maintenance

$500 to St. Phillip Neri, Pep, to purchase projector

$1,000 to Holy Cross, Post, to purchase computer and on-site internet service

$500 to St. Joseph, Rotan, to purchase AV equipment to aid with liturgy

$500 to St. Paul, Seagraves, to purchase liturgical linens

$500 to St. James, Seminole, to purchase bibles and copy machine

$1,000 to St. Phillip Benizi, Shallowater, to repair storage room and create storage facility

$500 to St. Mary, Spur, to repair sacristy bathroom

$500 to St. Ann, Stamford, to install windows in classroom doors

$5,000 to Campus Ministry for operating expenses in honor of their great success in young adult evangelization and catechesis

THE 2017 GRANT RECIPIENTS ARE:


OUR GRANT PROGRAM


2017 CATHOLIC FOUNDATION DONORS

PLATINUM

Mr. Davis HorneHon. Gary and Lorrie BellairDeacon Severo and Noelia AlvaradoHon. JQ and Loretta WarnickMr. Brian and Margaret BeauchampDr. Paul and Barbara BrookeMr. Jim and Patti DouglassMr. Phil and Gerry Anne HouchinMr. Scott and Jane Piercy

Gold

Mr. Quintin BaezaMr. Eugene and Shirley BednarzMr. Donald and Sue Wanjura

Silver

Mr. Paul and Soud AtallahMr. Lloyd and Teresa HeinzeMr. David and Kae HentgesMr. Gary and Angie McDonald

Bronze

Ms. Chris CastilloMr. Marc and Rita ChapmanDeacon Clarke and Ann CochranMr. Lee and Virginia CoxRev. Msgr. Eugene DriscollHon. Drue FarmerMs. Sophia FloresRev. Msgr. Ben KasteelHon. Nancy KoenigMr. Paul and Mary Lou MosserMr. and Mrs. John ShelbyMr. Marc and Patti Shipton

Friends of the Foundation

Beni HemmelineDeacon Ron and Tricia VowelsMr. Chuck and Jennifer BubanyCommissioner Mark and Dania HeinrichMr. Marty and Rose Martin

Mrs. Deidre TrotterMr. Dan WarrickMs. Veronica PenaMr. Royce and Nancy HeinrichMr. Michael HensonMr. Greg BruceMr. Armando LariosMrs. Renée UnderwoodMr. Jessie GarciaHon. Jorge Hernandez

*Includes donations made in 2017 towards Membership,

Mass Intentions, Judicial Red Mass and other unrestricted

(operational) purposes

BISHOP PLÁCIDO RODRÍGUEZ SEMINARIAN

EDUCATION FUND 2017 DONORS

Dr. Paul and Barbara BrookeMr. Ron and Kathy ThomasMr. Lloyd and Teresa HeinzeMr. Tom and Kathy KrileMr. Bill and Mary LeesMrs. Renee UnderwoodKnights of Columbus of Holy Spirit ChurchMr. Eric and Karen Hybner

MSGR. DAVID CRUZ SEMINARIAN

EDUCATION FUND 2017 DONORS

The Cruz FamilyMr. Greg and Diana ZamoraMr. Luis and Rosemary CardenasMr. Larry and Rosemary LambrightDr. Jonathan MetzlerMs. Chris CastilloMr. Alfredo ChavezMr. Ted HernandezMrs. Kathleen ShowersMr. Luis CardenasMs. Lupe GamboaMs. Aly GwinnMs. Rosie MarmolejoMrs. Michel McCallick


OUR DONORS


List of stewards continued

Mr. Henry SalgadoMr. Thomas WellsMr. Adam HuertaMr. John P. Cervantez

Mr. Guadalupe GonzalesMr. Luis and Rosemary ValdezMr. Emilio and Rosemary Abeyta

LEGACY SOCIETY

The gifts made from this society of members supports the annual and long-term needs of the churches, schools, and ministries of the Diocese of Lubbock. The Foundation seeks to build the Legacy Society’s total assets to $17 million. With a 4% distribution from assets to parish, school, organization and diocesan grant recipients each year, the Foundation is demonstrating how endowments make a difference.

Recognition in the Legacy Society requires a gift or pledge of $10,000 or more to establish a Named Fund or a statement of intention by an individual or couple to provide a planned gift at this level and above to the parish, ministry or school of the donor’s choice. If you have listed the Foundation in your will, please let us know so that we can add your name to our Legacy Society.

Deacon and Mrs. Severo AlvaradoAmarillo PatrimonyDr. John and Mrs. Dorothy AndrewsAnonymous (multiple)Samuel Bennett MemorialArt Boldt†Clarence & Ruth BrazillMr. and Mrs. Joel BruedigamMichael CanaleMrs. Rose ClaytonDeacon Dr. Clarke and Ann CochranDiocese of Wheeling-CharlestonWilliam and Mary Farschon†Manuel Flores Estate†John Gaschen†Helen Gaschen Memorial FundCharlotte Gonzales†James and Renate Hargrave†Pamela Maria HillisDavis and Peggy Horne†Mrs. Dorothy Killian†

John Malouf†General Ed Markham, IIIRev. Michael Melcher†Ms. Joan PattonElmer† and Beryl SchumacherEugene and Helen† ScioliMr. Bill SmithMr. Madison Sowder†In Memory of Mary SpearMary Spear FundDeacon Steve and Catherine Tjiaa

† Deceased


OUR DONORS


DonorsSupport Schools.

Donors KeepChurches Standing.

Donors HelpPeople In Need.


SUPPORTING THE CATHOLIC FOUNDATION


WHAT DO DONORS DO?

Donors help kids go to Catholic school. They give Catechetical

Parish leaders the supplies they need to teach and evangelize. When the wind is strong, they help fix the roof of an old church. When a rural community is underserved, they help strengthen the church’s presence. They help take care of the elderly. They help care for the impoverished. Wherever the community of the Diocese of Lubbock is in need, they respond.

Over the last 30 years, our donor’s generosity has enabled The Catholic Foundation to pass along $1,167,000 with results that have touched every person in almost every parish.

In 2017, thanks to the generosity of our donors, The Catholic Foundation gave a record breaking $108,000 in grants to worthy churches, schools and nonprofit institutions in the Diocese of Lubbock.




Step 1: Outline your personal philanthropic goals

Step 2: Determine how much you wish to invest in philanthropy now and/or through a simple designation in a will, retirement plan or insurance policy

Step 3: Work with the Catholic Foundation or your financial advisor to determine the best giving method to meet your goals

Step 4: Maintain your Foundation membership and communicate your legacy giving intentions

HOW TO BECOME A DONOR:START BY MAKING A PLAN




Unrestricted gifts

Cash

Real Estate

Endowment Funds

Stocks and Securities

The Sale of your Business

Wills and Bequests

This is the most popular tool naming the Foundation a specific amount or percentage from your estate to permanently benefit your parish, a rural parish, a school, ministry or the Foundation forever.

Life Insurance Policies

You direct the proceeds, cash value, or any portion of your policy to benefit the parish or Catholic entity through the Foundation

Retirement Plan/IRA

Name the Foundation as a beneficiary upon death to reduce or eliminate estate taxes. If you are 70½ years old or older, you can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money.

WHAT ARE THE METHODSOF GIVING?


ENDOWMENT FUNDS


An endowment fund in the Catholic Foundation of the Diocese of Lubbock, Inc. is a donated gift that is invested to produce ongoing income for a parish, school or Catholic agency in the Diocese of Lubbock. An endowment is an excellent way to honor or memorialize an individual or family with a scholarship, a parish program, or a personal perpetual gift.

Types Of Endowment Funds

RESTRICTED ENDOWMENT FUNDSAs a restricted endowment fund, the gift supports the intent of the donor and ensures that the fund is designated for a specific purpose. These funds can be made as estate bequests, one-time or on-going donations. Whatever meets your philanthropic goals.

UNRESTRICTED ENDOWMENT FUNDSUnrestricted endowments allow the Foundation optimum flexibility in responding to grant requests. They are funded by donors who wish to support the Foundation’s grant program, and overall operations. These funds can be made as estate bequests, one-time or on-going donations. These charitable gifts are not restricted to a particular purpose and make up a majority of the unrestricted assets.

PARISH ENDOWMENT FUNDSThe Catholic Foundation exists to support the diocese and its parishes. Create a parish endowment fund designated for the parish(es) that hold special meaning to your family. Allow the Foundation to steward your donations by maintaining an investment portfolio, hiring an advisor, investing according to Catholic Values and distributing investment gains to your parish in perpetuity.

REASONS TO PLAN A GIFT TOOR ESTABLISH AN ENDOWMENT FUND


ENDOWMENT FUNDS


You can give to an existing endowment that meets your philanthropic passion, or you can establish your own named endowment fund with a designated restriction. The following funds were established prior to 2009as named endowment funds:

UNRESTRICTED ENDOWMENT FUNDS

General Membership Fund

Annual membership gifts annually support the Foundation’sgrant program and operations

William Leonard Bednarz-Irma Macha Bednarz Memorial Established by Eugene and Shirley Bednarz

The Raymond George Kitten-Lorena Steffens Kitten Memorial

Established by Eugene and Shirley Bednarz

RESTRICTED ENDOWMENT FUNDS

Catholic Charities Fund

Supports Catholic Charities of Lubbock, established by Mary Gerlach Estate Bequest

The Edith Macha Veterans Fund

Supports Catholic Veterans and families of the Diocese of Lubbock, established by Eugene and Shirley Bednarz.

Foltyn Sacred Heart Cemetary Fund

Maintains the grounds of the Catholic Sacred Heart Cemetery in Littlefield

Rev. Msgr. David Cruz Seminarian Education Fund

Supports the education of seminarians for the Diocese of Lubbock Established by the Cruz Family.

Bishop Placido Rodriguez Seminarian Education Fund

supports the education of seminarians for the Diocese of Lubbock Established in honor of Bishop Rodriguez’s retirement by the Catholic Foundation Board of Directors.


ENDOWMENT FUNDS


In 2014, the Bishop PlácidoRodríguez Seminarian EducationFund was established by the boardof Catholic Foundation.

Because of Bishop Emeritus Rodriguez’s long-standing work for vocations to the priesthood, he desired that the fund provide ongoing revenue to educate seminarians studying to become priests in the Diocese of Lubbock.

Since that time, the following stewards have given generous gifts to the Bishop Plácido Rodríguez, CMF, Seminarian Education Fund to honor our beloved Bishop Emeritus during his retirement by providing ongoing revenue to educate seminarians studying to become priests in the Diocese of Lubbock.

Dr. Paul and Barbara BrookeDr. Deacon Steve and Catherine TjiaDiocese of LubbockAnonymous (2)Mr. Brian and Margaret BeauchampHon. Gary and Lorrie BellairDr. David and Lewrie CloseMr. Eugene and Shirley BednarzMr. Lee and Virginia CoxMr. Lloyd and Teresa HeinzeRev. Msgr. Ben KasteelMr. Thomas and Kathy KrileMr. Ron and Kathy ThomasMrs. Renee UnderwoodDeacon Col. Dr. Gary and Judy SimmonsDeacon Severo and Noelia AlvaradoMr. Phil and Gerry Anne HouchinMr. Bill and Mary LeesDr. Deacon Benny and Rosemary PhillipsSt. Phillip Benizi Church, IdalouMr. Brian† and Lynne MurrayRev. Msgr. Eugene DriscollMr. Don and Sue WanjuraMr. Richard and Elaine YbarraRev. Joseph Palacios

Mrs. Pat ConoverMr. Michael GintyMost Rev. Placido Rodriguez, CMFDeacon Ron and Tricia VowelsDeacon Randy and Cindy CanaleMr. Stephen HenryMr. Rob HoganKnights of Columbus, Holy Spirit ChurchMr. Gary and Angie McDonaldMs. Alicia AlvarezMr. Gerry and Sharon GrantMr. John and Mary Lou MosserRev. Gerard Kenney†Mr. Greg and Diane DempseyMr. Stephen and Ann KrierDr. Don SleaseMr. and Mrs. Carl SundellMr. Bernie ThielMr. Marty and Rose MartinSt. Francis Mission CommunityDeacon Joe and Penny MorinMs. Chris CastilloMr. and Mrs. Joseph ConboyMr. Royce and Nancy HeinrichMr. Eric and Karen Hybner


ENDOWMENT FUNDS


List of stewards continued

Pena Briones McDanielMr. William RizzoMr. Daniel SchneweisMr. Marc and Patty ShiptonMr. and Mrs. Kenneth DugganMr. Carlos Lopez

Mr. Mark MillaresMr. Robert RoarkMr. Gilberto SalazarMs. Debra CurtiMrs. Margarita OlivarezMr. Jesus and Rachel Martinez

Thanks to a $50,000 challenge grant from the Catholic Church Extension society, along with the generosity from the list of stewards, the Bishop Plácido Rodríguez, CMF, Seminarian Education Fund has reached $150,000. The initial three-year campaign has come to a close with most stewards completing their pledges. Now, as this servant to the Church of Lubbock enjoys a blessed retirement, the fund will continue to grow through additional gifts made in his honor.

The fund will continue to accept gifts in any amount at any time. Should you desire to make a larger gift to the endowment, we invite you to consider a three year commitment to the fund. These may be paid on an annual, quarterly or monthly basis. Gifts to the endowment are permanently restricted for seminarian education, are tax deductible and will be acknowledged on the foundation website and in the South Plains Catholic. Bishop Rodriguez will be notified that you have made a gift to the fund in his honor.

$180,000

$160,000

$140,000

$120,000

$100,000

$80,000

$60,000

$40,000

$20,000

$0

Growth of Bishop Plácido Rodríguez Seminarian Education Fund

2014 2015

GIFTS GIFTS WITH INVESTMENT EARNINGS

2016 2017

$10,000$9,923.24

$24,102.75

$22,386.16

$126,506.49

$133,512.96

$152,552.36

$140,981.49


ENDOWMENT FUNDS


STATEMENT OF FINANCIAL POSITION

GROWTH OF ASSETSOF THE CATHOLIC FOUNDATION

2017 2016ASSETS $ $Cash $87,643 $94,976Investments $2,698,618 $2,546,494Life Insurance Cash Surrender Value

$191,749 $182,498

TOTAL ASSETS $2,978,010 $2,823,968

NET ASSETS $ $Unrestricted $2,621,996 $2,480,629Temporarily Restricted $343,014 $330,339Permanently restricted $13,000 $13,000TOTAL NET ASSETS $2,978,010 $2,823,968

2017

2015

2013

$2,978,010

$2,578,402

$2,132,849

*All figures are audited

Audited Year End Figures as of June 30


FINANCIALS


STATEMENT OF ACTIVITIES Years Ended June 30, 2016 and 2017

2017 2016UNRESTRICTED NET ASSETS $ $Support and RevenueContributions $64,583 $58,736Investment income $63,018 $81,033Gain (loss) on investments $238,733 ($145,873)Decreased in cash surrender value

($995) ($4,647)

TOTAL 365,339 ($10,751)Satisfaction of restrictions 30,479 $8,000Total unrestricted support and revenue

$395,818 ($2,751)

EXPENSES $ $Administrative $59,110 $50,082Conference and Travel $0 $95Fundraising Functions $28,989 $27,890Life Insurance Premiums $1,012 $1,014Professional Fees $8,493 $8,375Investment Expenses $9,777 $9,220Grant to Diocese $85,000 $85,000Grant to Parishes, Schools and Catholic Organizations

$23,000 $15,000

Restricted Endowment Fund Distributions

$6,194 $0

Donor Advised Distributions $24,285 $9,978Other $8,591 $10,867TOTAL EXPENSES $254,451 $217,521Change in net assets $154,042 ($125,517)Net assets at beginning of year

$2,823,968 $2,949,485

Net assets at end of year $2,978,010 $2,823,968


FINANCIALS


ASSETS

ASSETS

SEMINARIAN EDUCATION ENDOWMENTS 2

CATHOLIC FOUNDATION ENDOWMENTS 1

UNRESTRICTED GRANT AVAILABILITY

TO DIOCESE AND PARISHES1

SEMINARIAN EDUATION SUPPORT

$2,978,010

$153,902

$17,500,000

$7,500,000

$108,000

$3,523

$700,000

$300,000

1 Board adopted spending policy based on percentage of three year rolling average of invested assets to protect the corpus of funds

2 Follows Board spending policy and endowment agreement which requires 3 years of growth before distribution

GOAL

GOAL

AS OF JUNE 30, 2017

AS OF JUNE 30, 2017

Our goal of reaching $7,500,000 in Seminarian Education assets would allow for $300,000 in seminarian education support each year, equaling the total cost of tuition, room and board for five diocesan seminarians.


FINANCIALS


Eligibility

Any parish, parish organization, Catholic organization or Catholic school within the Diocese of Lubbock may apply for these grants. Projects may include, but are not limited to: construction or renovation projects, youth activities, equipment or software, scholarships, start-up expenses for new projects, retreats, capital expenditures and so on. Only one request will be funded per school or parish/parish organization.

Application guidelines

The signature of the parish pastor is required on the grant application.

Applications can be found online at www.catholicfoundationlubbock.org/grants and must be turned in via email, fax or postal mail by May 15 at 5 p.m.

Decisions

Applications will be reviewed and approved by the Catholic Foundation Board of Directors at its Annual Meeting in June. Parishes will be notified of decisions and will receive grant funds no later than June 30. In order to protect the assets of our generous donors, the Board follows a spending policy for annual grant distribution. Therefore, the amount of grant funding provided each year may vary according to investment portfolio gains or losses.

Follow Up

Grant recipients are asked to provide documentation of the completed grant project in time for the annual membership Winterfest dinner. Recipients are also encouraged to attend the Winterfest dinner in order to thank our generous membership who makes the Foundation grant program possible.

APPLYING FOR A GRANT

WWW.CATHOLICFOUNDATIONLUBBOCK.ORG/GRANTS


GRANT PROGRAM



2017-2018 INVESTMENT COMMITTEE

Hon. Gary Bellair Phillip Houchin Marty Martin Mark Meurer

2017-2018 BOARD MEMBERS

Most Reverend Robert M. Coerver

Jane Piercy, Chair

Mark Meurer, Vice Chair

Brian Beauchamp, Secretary

Phil Houchin, Treasurer

Hon. Gary Bellair

Carolyn Koym

Rev. George Roney

Rev. John Smith

Chancellor B. Marty Martin, Ex-Officio


The Kingdom of Heaven

is for those who place

their trust in the love of God,

not in material possessions.

– Pope Francis

“

“


4620 4th Street Lubbock, TX 79416

806-793-3943 x206

[email protected]

www.catholicfoundationlubbock.org

The purpose of the Catholic Foundation

is to receive, manage and invest gifts,

bequests, devises and donations of properties

and money, and to distribute assets and the

income from such assets to the Diocese of

Lubbock and its various organizations for

religious and charitable purposes.


Documents

Annual Report 2017 - Catholic Foundation of the South Plains CF An… · 2 CATHOLIC FOUNDATION DIOCESE OF LUBBOCK TABLE OF CONTENTS CFDL 2017 Annual Report 2.indd 2 2/15/18 6:32 PM