The Catholic Foundation of West Michigan Annual Report 2008 2009

The Catholic Foundation of West Michigan Letter of Introduction .................................................................................................... 2 Foundation Pro ile .......................................................................................................... 3 Grant Awards Available Distributions ................................................................. 4 Highlights from the Year .........................................................................

The Catholic Foundation of West Michigan Dear Friends in Christ, We are pleased to share with you, the 20082009 annual report for The Catholic Foundation of West Michigan CFWM and highlight a few noteworthy items. This report clearly demonstrates the positive inancial impact the Foundation has had on many programs and ministries throughout the diocese. From its very modest beginnings 14 years ago, the Foundation has grown signi icantly and now provides essential support to our schools, parishes

The Catholic Foundation of West Michigan The Catholic Foundation of West Michigan CFWM was established by the Diocese of Grand Rapids in 1995. It is a separate 501c3 nonpro it corporation founded to provide a vehicle for endowments for the diocese and its parishes, schools, agencies, organizations, and donors. Since inception, Foundation assets have increased dramatically, from 2.4 million in 1995 to 29.8 million at present A central pool of resources strategically invested with costeffective

The Catholic Foundation of West Michigan The Catholic Foundation of West Michigan has 80 different member funds which represent a majority of our parishes, schools, and many different ministries throughout the diocese. For the iscal year ending June 30, 2010, the Foundation will make 1,299,272 available to fund members. Below is a complete list of all funds and the amount of earnings that are available for distribution. Diocesan Funds Bishops Fund for Catholic Education School Scholarship Fund

The Catholic Foundation of West Michigan ParishSpecial Named Funds cont. Fund Balance 20,430 18,796 21,095 103,002 345,083 Available Distributions 782 818 983 4,265 14,521 Mildred Weis Fund St. Mary Big Rapids Msgr. John Najdowski Fund for the Poor St. Pius X Grandville Pere Marquette Cemetery Fund Ludington St. Anthony of Padua Parish Endowment Fund Grand Rapids St. Bartholomew Parish Fund Newaygo Educational Funds Assumption of the Blessed Virgin Mary Belmont Basilica of St. Adalbert Gran

The Catholic Foundation of West Michigan Fund Balance Available Distributions Educational Funds cont. St. Michael Brunswick St. Michael Coopersville St. Michael Remus St. Patrick Parnell St. Patrick Portland St. Patrick Youth Ministry Fund Portland St. Paul the Apostle Grand Rapids St. Stanislaus Ludington St. Stephen East Grand Rapids Educational Named Funds Cathedral of St. Andrew Dzwonkowski Fund Grand Rapids Fr. Ernest J. Bernott Educational Endowment Fund St. Mary Muskegon Fr. Jim CusackS

The Catholic Foundation of West Michigan Since inception, assets have increased dramatically, from 2.4 million in 1995 to 29.8 million in 2009. This is signi icant, especially in light of the dif icult investment climate in recent years. During 2008 and 2009 our country experienced unprecedented market losses, including the worst credit crisis since the Great Depression, and a resulting lack of consumer con idence. While the Foundations investment portfolio has declined as a result of these mar

The Catholic Foundation of West Michigan Moderate Fund Performance 15.00 10.00 5.00 0.00 5.00 10.00 15.00 6302008 6302007 6302009 Return Benchmark 3 year return Aggressive Fund Performance 20.00 15.00 10.00 5.00 0.00 5.00 10.00 15.00 20.00 6302008 6302007 6302009 Return Benchmark 3 year return 8

The Catholic Foundation of West Michigan Statements of Financial Position ASSETS Cash and cash equivalents Investments Contributions receivable Total assets LIABILITIES AND NET ASSETS Liabilities Deposits Accounts payable Total liabilities Net assets unrestricted Total liabilities and net assets STATEMENTS OF ACTIVITIES Revenues Interest and dividends on investments Net change in fair value of investments June 30, 2009 June 30, 2008 1,567,470 28,116,258 96,000 29,779,728 113,300 32,082,067

The Catholic Foundation of West Michigan Dr. and Mrs. Charles Caldwell Mr. and Mrs. Ralph Clayson Ms. Elizabeth DeFouw Mr. and Mrs. Irving Gillespie Mr. and Mrs. Ronald Grif ith Dr. James Hudson Mr. and Mrs. Michael Jandernoa Mr. Walter Mastee Mr. and Mrs. Kevin McDowell Mr. and Mrs. John Nowak Mr. and Mrs. James Rabaut Most Rev. Robert J. Rose Mr. and Mrs. Steven Schultz Mr. and Mrs. Robert Stander Ms. Melanie Sullivan Mr. and Mrs. Gordon Van Boven 10

The Catholic Foundation of West Michigan Established in 1999, the Bishops Angels program provides a unique opportunity to advance the efforts of the Catholic Foundation of West Michigan. We sincerely extend our gratitude to the Bishops Angels Mr. and Mrs. Bruce Langlois Mr. and Mrs. Kenneth Muraski Mr. and Mrs. John Nowak Mrs. Mary OConnor Mr. and Mrs. Richard Peel Mr. and Mrs. Patrick Quinn Mr. and Mrs. George Sharpe Mr. and Mrs. Robert Shields Mr. and Mrs. Paul Snow Mr. and Mrs. Russ Visner M

The Catholic Foundation of West Michigan Bishop Kevin M. Britt Adult Faith Formation Fund Established to assist parishes and members in furthering their faith formation through programmatic and scholarship help. Bishops Funds for Catholic Education School Religious Education Established to provide inancial support to students, parish religious education programs, parish schools and interparochial schools for the advancement of Catholic education. Carl J. Schowalter Fund Established through a g

The Catholic Foundation of West Michigan The Catholic Foundation of West Michigan bene its from the generosity of countless people and in a variety of ways. Many donors contribute through the giving envelope included in this annual report. Others give through their membership in the Bishops Angels or with donations to individual funds that support activities and programs in their parishes. In addition, some parishioners designate estate gifts for the Foundation. Two estate gifts that the Founda

The Catholic Foundation of West Michigan Trustees Most Reverend Walter A. Hurley Bishop of Grand Rapids Reverend Monsignor William Duncan Vicar General, Moderator of the Curia Diocese of Grand Rapids, Pastor, St. Sebastian Parish, Byron Center T. Edward Carey, Jr. Chief Financial Of icerVice Chancellor Diocese of Grand Rapids, Grand Rapids Subcommittees of the CFWM MarketingDonor Relations Christine Stander Chair Planned GivingMemorials Jim Wojczynski Chair Staff Mark Morrow Interim Directo

The Catholic Foundation of West Michigan Outright gifts of cash, securities, real estate and tangible personal property are welcomed by the Foundation. Donors who make gifts during their lifetime also enjoy the bene it of witnessing the immediate results of their generosity. Charitable gift annuities and charitable remainder trusts provide donors or bene iciaries payments for life with substantial tax bene its. A charitable remainder gift is left to the Church afterward. Many gifts to the Foun

The Catholic Foundation of West Michigan Following are the basic policies and guidelines governing participation in the Foundation 1. Any diocesan organization may establish an endowment in The Catholic Foundation of West Michigan the Foundation with a minimum initial contribution of 10,000. 2. A named fund may be established with a minimum initial contribution of 25,000. 3. Donors may add any amount to existing endowment accounts within the Foundation. 4. All assets placed into an endowment fu

The purpose of The Catholic Foundation of West Michigan is to assist the religious, charitable, and educational works of the Diocese of Grand Rapids, and its parishes and schools. It will create permanent endowment funds nurture planned giving, stewardship and resource development and acquire, manage and distribute inancial gifts and bequests according to the Gospel and the speci ic wishes of the donors. As each one has received a gift, use it to serve one another as good stewards of Gods varie

The Catholic Foundation of West Michigan 360 Division Avenue S. Grand Rapids, MI 49503 6162430491 dioceseofgrandrapids.org

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