2013-2014
Report to Donors
ARCHDIOCESE OF BOSTON
1
The Catholic Community Fund enables individuals,
families, businesses, and organizations to create charitable
endowment funds that provide permanent support for
Catholic parishes, Catholic schools, Catholic social services,
and other Catholic faith ministries to help them meet
current and future needs.
In doing so, the Fund strengthens and preserves the Catholic
faith in the 144 communities in eastern Massachusetts that
make up the Roman Catholic Archdiocese of Boston. It is the
foundation serving Greater Boston’s Catholic community.
A Message from
Cardinal Seán
Dear Friends in Christ,
As beloved children of God, we are called to join
together to build His kingdom on earth.
In supporting the Catholic Community Fund, you
strengthen the foundation upon which hundreds
of pastoral, charitable, and educational ministries
radiate Christ’s love. Your generosity ensures that
the hopeful legacy of programs and ministries that
impact lives today carry on tomorrow and beyond.
This report is a tribute to those faithful stewards
whose commitment to the Catholic Community
Fund exemplifies faith working through love in our
Archdiocese of Boston every day. All of this work
is made possible only through your support. I am
deeply grateful for your generosity of spirit that
sustains and enlivens this critical effort.
Please be assured of my continued prayers and
gratitude for the sacrifices made on behalf of our
Church. May our lives and actions continue to
strengthen the work of God in our Archdiocese as
we bring the joy and hope of Christ to all who seek
His friendship.
Gratefully yours in Christ,
Archbishop of Boston
Catholic Community Fund
Board of Trustees
CARDINAL SEÁN P. O’MALLEY, O.F.M., Cap.
Archbishop of Boston
Chairman
KATHLEEN F. DRISCOLL
Secretary for Institutional Advancement
Archdiocese of Boston
President
JOHN E. STRAUB
Chancellor and Chief Financial Officer
Archdiocese of Boston
Treasurer
F. BEIRNE LOVELY JR., Esq.
General Counsel
Archdiocese of Boston
Secretary
FRANCIS J. O’CONNOR, Esq.
Assistant General Counsel
Archdiocese of Boston
Assistant Secretary
SHEILA C. CAVANAUGH
Belmont, MA
REV. RICHARD M. ERIKSON, PhD
Pastor
Our Lady of Fatima Parish, Sudbury
DANIEL L. FITZGERALD
Marblehead, MA
KEVIN P. MARTIN, CPA
Principal/Founding Director
Kevin P. Martin & Associates, PC
Front row (left to right): Very Rev. Bryan K. Parrish, Sheila C. Cavanaugh, Kevin P. Martin, and Daniel L. Fitzgerald
Back row (left to right): William M. Noonan, F. Beirne Lovely Jr., Francis J. O’Connor, and John E. Straub
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WILLIAM M. NOONAN
President and CEO
Contravisory Investment Management
VERY REV. BRYAN K. PARRISH
Assistant Vicar for Administration
Archdiocese of Boston
Catholic Community Fund endowments
are managed through the Roman Catholic
Archdiocese of Boston's (RCAB) Common
Investment Fund, which is overseen by the
RCAB Investment Committee. The Investment
Committee reviews investment policies, capital
market environment, strategic and tactical asset
allocations, investment performance, current and
prospective investment managers, investor needs,
and cash flow requirements.
RCAB Investment Committee
ROBERT J. MORRISSEY, Esq., CHAIR
Partner
Morrissey, Hawkins & Lynch
Socially Responsible Investing
When you give to the Catholic Community
Fund, your investment not only supports
strong, faith-filled Catholic ministries
throughout the Archdiocese of Boston, but it is
managed according to Catholic social teaching.
The Catholic Community Fund follows the
U.S. Conference of Catholic Bishops' (USCCB)
Application of Moral Principles to Investment
Practices, and seeks the best possible returns
while managing risk through appropriate
allocation of funds among various investments.
Excluded from our investment strategy are
abortion and abortion-related products or
services, birth control, tobacco, life-ending
embryonic stem cell research, pornography,
militarism, landmines, and firearms.
CHARLES I. CLOUGH
Chairman and CEO
Clough Capital Partners, LP
GERALD R. CURTIS
Birch Hill Investment Advisors
PETER S. LYNCH
Vice Chairman
Fidelity Management and Research
JAMES J. MAHONEY, Jr.
President
The Mahoney Group
THOMAS M. O’NEIL
Managing Director and Partner
Navigator Management Company
THOMAS C. STAKEM, Jr.
Vice President and Director of Research
Wookstock Corporation
JOHN E. STRAUB
Chancellor and Chief Financial Officer
Archdiocese of Boston
CUSTODIAN
State Street Global Advisors
INVESTMENT PORTFOLIO CONSULTANTS
MPC Capital Advisors, LLC
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What the Catholic Community
Fund Supports
Through the Catholic Community Fund, our local Catholic community can help to ensure that
current and future needs are met for the causes they care about most. Earnings are distributed
according to donor intent, and all funds are managed in a fiscally and socially responsible way
according to Catholic social teaching.
“...by their
fruits, you
will know
them.”
Mt 7:20
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Currently, the overarching priorities of the Catholic Community Fund are: Archdiocesan
central ministries, parishes, Catholic schools, Catholic social services, seminaries, clergy and
women religious. The following pages explain in detail each one of these priorities.
Archdiocesan Central Ministries
The 50 faith-filled ministries and programs of the Archdiocese of Boston enrich parish life, strengthen families, educate future generations, and help advance Church
leadership. Funds dedicated in support of these ministries—such as religious education, Catholic schools, and Catholic social services—help carry out the mission of
the Church and impact countless families and communities.
Enriching Parish Life
Strengthening Families
Supporting our Priests and Deacons
■ Clergy Personnel
■ Clergy Support and Ongoing Formation
■ Permanent Diaconate
■ Diaconal Life and Formation
Building Stronger Marriages
■ Marriage Ministries
■ Natural Family Planning (NFP)
Serving the Parish Community
■ Pastoral Planning
■ Office of Divine Worship
■ Office of Spiritual Life
- Why Catholic?
■ Office of Outreach and Cultural
Diversity
- Airport and Seaport Chaplain
- Black Catholic Ministries
- Deaf Apostolate
- Hispanic Apostolate
- Ministry of Persons with
Disabilities
Strengthening Parish Operations
■ Parish Support and Training
■ Parish Financial Services
■ Property Management
■ Human Resources
■ Risk Management and Insurance
■ Finance and Accounting
Renewing the Adult Faith Journey
■ Faith Formation of Adults
- Rite of Christian Initiation of Adults
(RCIA)
Healing Families in Times of Difficulty
■ Office of Chaplaincy Programs
- Bereavement Ministry
- Healthcare Ministry
- Prison Ministry
- Pastoral Outreach to the Sick and
Homebound
■ Pro-Life Office
- Pregnancy Help
- Project Rachel
■ Tribunal
Preserving Catholic Family Values
■ Family and Intergenerational Ministry
■ Parents Alliance for Catholic Education
(PACE)
■ Massachusetts Catholic Conference (MCC)
Educating Our Future
Advancing Church Leadership
Teaching the Faith to the Next Generation
■ Catholic Schools Office
■ Faith Formation of Children
- Office of Religious Education
- Hispanic Catechesis
■ Faith Formation of Youth and Young
Adults
- Catholic High School Ministry
- Catholic Youth Organization
(CYO) Athletic Ministry
- Middle School and High School
Parish Youth Ministry
- Scouting Ministry
- Young Adult Ministry
■ College Campus Ministry
Supporting the Cardinal and Vicar General
■ Cardinal’s Office
■ Vicar General and Moderator of the Curia
■ Chancellor’s Office
■ Office of Regional Bishops
■ Delegate for Religious
- Vocations to the Consecrated Life
■ Canonical Affairs
■ Archives
■ Office of the General Counsel
■ Communications and Public Affairs
■ Institutional Advancement
■ Finance
■ Information Technology
■ Ecumenical and Interreligious Affairs
■ Professional Responsibility and
Oversight Office
■ Office of the Episcopal Vicar for the
New Evangelization
Inspiring New Vocations
■ Vocations Office
Promoting a Culture of Life
■ Respect Life Education
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Parishes
The Archdiocese of Boston is home to 1.9 million
Catholics in 289 parish communities across eastern
Massachusetts. It is the fourth largest diocese in the
U.S. with more than 157,000 Masses celebrated in
19 languages each year.
Each with its own unique history, our parishes serve
the changing needs of our diverse Catholic family
through a multitude of spiritual life resources, faith
formation programs, and other ministries that enrich
the faith experience.
Pero Family Scholarship Fund
In 2013, William "Bill" and Suzanne Pero
established a new endowment fund to
provide college scholarships to students who
are members of their parish, Church of the
Holy Ghost, in Whitman. In making this
gift, Bill Pero cited his and his wife’s desire to
share their good fortune with others:
“God has blessed us with
many opportunities in
our lifetime. It is very
gratifying for us to
share and provide the
youth of our parish with
the opportunity to reach
their goals.”
-Suzanne and Bill Pero
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The Peros have been active parishioners
at the Church of the Holy Ghost for many
years. They are parents of four adult children
and have a number of grandchildren.
Until his retirement, Bill was president of
Bristol, RI-based Fortune Rope and Metal,
Inc., an industry-recognized supplier of
aircraft cable, wire rope, chain, coated
cable, and hardware fittings to a wide range
of industrial and commercial customers.
Suzanne is a talented artist.
The first Pero family scholarships will be
made in 2014 with preference given to
students attending Catholic colleges. We
are grateful to the Peros for their generous
commitment to their parish community and
the young people whose educational journey
will be enriched through their support.
Endowment funds in this area provide general
parish support in perpetuity, or more commonly,
to a specific parish of the donor’s choosing.
Catholic Schools
More than 40,000 students are educated each year
in the 119 elementary and secondary schools within
the Archdiocese. With 99% of students graduating
from high school and 97% of those students going
on to college, Catholic schools have unmatched
success in educating youth, especially in urban areas.
Funds from endowments supporting Catholic
schools help to keep schools financially healthy,
academically strong, and a beacon of hope, passing
our faith to the next generation.
Catholic Schools in the
Archdiocese At-a-Glance
Number of Catholic schools
119
Students in Catholic schools
40,000
Graduates continuing to college
97%
Avg. elementary tuition (2013-2014)
$5,100
Avg. secondary tuition (2013-2014)
$13,500
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Social Services
The largest private provider of social services in
Massachusetts, Catholic Charities of Boston offers nearly
90 programs and services in 27 locations across eastern
Massachusetts.
Funds dedicated to these services contribute to the
long-term success and growth of these programs and
ministries. Last year alone, Catholic Charities of Boston
served more than 200,000 people of all faiths, including
14,000 refugees and immigrants.
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Clergy and
Women Religious
The Archdiocese is blessed with the service of 628 active
and senior diocesan priests and more than 1,700 religious
sisters representing 80 religious communities.
These devoted men and women are involved in many
diverse ministries throughout the Archdiocese, both in
and outside parish life. They are present and active in
every place and situation imaginable—local parishes
and schools, hospitals and prisons, college campuses and
nursing homes.
Seminaries
The Catholic Community Fund supports
two of the five seminaries attended by the
Archdiocese's 67 seminarians: St. John's
Seminary in Brighton and Pope St. John XXIII
National Seminary in Weston.
Since its founding in 1884, more than 3,000
men have passed through the doors of St. John’s
and on to priestly ministry in Boston and other
dioceses throughout New England. In recent
years, enrollment has increased dramatically
from 42 men in 2006 to more than 122 in 2014.
Candidates arrive at the seminary by way of
various professional backgrounds, including
law, medicine, business, teaching, sales,
banking, social work, and military service. The
diversity of life experiences shared by these
mature seminarians enriches both the seminary
community and their future ministries in the
Church.
Our priests and sisters have served us—their Catholic
family—for many years. Through your support of the
Catholic Community Fund, you show these men and
women that their family will be there to support them
today and in the future.
Generous support of these seminaries helps
to ensure that holy priests will be there to
shepherd the Church for generations to come.
The Pope St. John XXIII National Seminary is
committed to the formation of men between 30
and 60 years of age and is the only theological
institution in the U.S. administered by diocesan
priests for mature candidates.
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new to the
catholic community fund
Artie and Judy Boyle
Scholarship Fund
Cameron Family
scholarship Fund
Through the generosity of many donors,
this fund was established in honor of
Artie and Judy Boyle of Hingham. The
spendable income provides scholarship
support through the Campaign for
Catholic Schools for students attending
Saint John Paul II Catholic Academy in
Dorchester and Mattapan.
Established by the Honorable Lawrence
C. L. Cameron through the Campaign
for Catholic Schools, this fund provides
scholarship support for students
attending Saint John Paul II Catholic
Academy in Dorchester and Mattapan.
Judge Cameron and his siblings—Colin
F. X. Cameron, Gerald T. Cameron,
Eleanor Cameron Bonner, and Walter
J. Cameron—all were educated by the
Sisters of Charity at St. Peter, Dorchester.
His gift was made in gratitude to them.
Nellie M. Brownell
Scholarship Fund
Together with his wife, Kelly Laurel,
and many generous individuals, Daniel
Brownell established this fund in loving
memory of his mother. Gifts made in Mrs.
Brownell’s memory support financiallyneedy students at Saint John Paul II
Catholic Academy in Dorchester and
Mattapan through the Campaign for
Catholic Schools.
Pero Family
Scholarship Fund
Created by William and Suzanne Pero,
this fund provides scholarships to college
students who are active members of
their parish, Church of the Holy Ghost,
in Whitman.
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Robert P. Durling
endowment Fund
This permanent endowment fund was
established in 2014 to benefit St. Ann
by the Sea Parish, Marshfield, through
a generous bequest from the Robert P.
Durling Trust. It will support and promote
the parish's music program.
A gift to the Catholic Community
Fund provides current and future
support for parishes, schools,
ministries, and other charitable
causes within the Archdiocese.
Gifts to the Catholic Community Fund can be made
in the form of cash, appreciated securities, real estate,
bequests, life insurance, retirement plans, and IRA
charitable rollovers.
Your generosity strengthens the Catholic family in the
Archdiocese of Boston, and helps to ensure that the
causes you care about are there to serve and educate
future generations.
Ways of Giving to the Catholic Community Fund
GIVING FOR TH E FUTURE
GIVING NOW
How you can give
What the benefit is to you
How you will impact the Church
Outright Gifts
•Cash
•Stocks and other securities
•Real estate
•Insurance polices
•Income tax deduction
•No capital gains tax deduction on appreciated gifts
•Perpetual income
•Interest income used by parishes, schools, and
organizations in the Archdiocese
Charitable Gift Annuities
•Cash
•Stocks and other securities
•Real estate
•Guaranteed fixed income for life
•Option to defer income
•Portion of income is tax-free
•Income tax deduction
•Reduction of estate taxes
•Upon the death of the donor or last surviving annuitant,
remaining assets generate funds for the intended
ministries
Donor-Advised Funds
•Cash
•Stocks and other securities
•Real estate
•Easy, flexible, convenient, no-cost set-up
•Access to professional management and expertise
•Opportunity to participate in existing investment pools
•Estate and income tax savings
•Donor recommends distributions from fund
•Donor passes on value of stewardship to family by
designating successors as fund advisors
•Catholic Community Fund receives gifts for immediate
and future impact on ministries designated by donor
•Donor-designated successors continue participating in
stewardship with the Church
Charitable Remainder Trusts
•Cash
•Stocks and other securities
•Real estate
•Variable or fixed income
•Option to defer income
•Income tax deduction
•Reduction of estate taxes
•No capital gains tax on appreciated gift (or deferral, in
some instances)
•Catholic Community Fund receives substantial
future gift to support the work of the Church and the
ministries named by the donor
Charitable Lead Trusts
•Cash
•Stocks and other securities
• Real estate
•Principal returns to donor or heirs at end of trust period
•Principal can pass to others with little or no shrinkage
•Tax deduction
•Income for duration of trust helps Church meet spiritual
and human needs that exceed the capabilities of most
parishes, schools, and Archdiocesan organizations
Bequests and Wills
•Cash
•Real estate
•Personal property
•Percentage of estate
•Remainder of estate
•Possible estate tax deduction
•Opportunity to make a perpetual gift
•Bequest will be held in perpetuity and invested to fund
specific ministries, parishes, and school needs
Life Insurance Policies
•Name Catholic Community
Fund as policy holder and/or
beneficiary
•Opportunity to make substantial future gift to Church
at current manageable cost
•Income tax deduction for value of the policy when
transferred
•Premium payments may be deductible as gifts
•Catholic Community Fund receives full face value of
policy upon death of the donor, or may receive current
surrender value prior to the donor’s death
Retirement Plans and IRAs
•Name Catholic Community Fund
as beneficiary of death benefit
•Opportunity to make a major gift
•Estate and income tax savings
•Significant gift upon death of donor
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Endowment
Beneficiaries
Total FY14 Distributions
Over $3.16M
Endowments established with the Catholic
Community Fund are invested in the Archdiocese’s
Common Investment Fund and overseen by the
Catholic Community Fund Board of Directors. Any
earned interest and dividend above and beyond
what is distributed (four percent total annually) is
added back to the principal of the fund.
9%
Catholic
Education
6%
Parishes
26%
Central
Ministries
40%
Catholic
Appeal
Investment Policy
The Catholic Community Fund seeks the best
possible returns while managing risk through
appropriate allocation of assets among various asset
classes. The Catholic Community Fund follows the
Application of Moral Principles to Investment Practices
as outlined by the United States Conference of
Catholic Bishops.
Spending Policy
On a quarterly basis, the Catholic Community
Fund distributes one percent of the beginning-ofthe-quarter market value of the endowment fund
for the purpose(s) for which the fund has been
established. Distributions are not made if end-ofquarter market value is below the total contributed
amount. Distributions can be reinvested, paid out,
or accumulated and paid out as requested.
4%
Women
Religious
Market Value by Category
Over $51.64M
12%
Catholic
Education
13%
Parishes
10%
Catholic
Appeal
43%
Central
Ministries
7%
Women
Religious
3%
Social
Services
14
2%
Social
Services
13%
Seminaries
12%
Seminaries
Endowment Funds
Funds Supporting the Archdiocese of Boston
− John P. Cotter Jr. Trust
The Archdiocese of Boston is the fourth largest diocese
in the United States. It is the spiritual home to more than
1.9 million Catholics who live and worship in 289 parish
communities in eastern Massachusetts.
− Helen L. Deacon Trust
− Begley Family Charitable Trust
− The Catholic Foundation Endowment
− Paul Devlin Trust
− Paul Keleher Memorial Endowment Fund
− John J. and Helen E. McCarthy
Memorial Endowment
− DeStefano Family Endowment Fund
− Rev. Joseph J. Downey Endowment Fund
− Richard Harold and Rose Harrington Memorial Fund
− Herman J. Kelter Endowment
− Rev. Philip B. Lavin Trust
− McCann Family Endowment
− Eugene J. McCarthy Trust
− Aileen T. Norris Fund
− Promise for Tomorrow (PFT) Ethnic Apostolate Fund
Funds Supporting the Catholic Schools Foundation
− PFT* Family Life and Young Adult Ministry Fund
Since its founding in 1983, the Catholic Schools Foundation
annually has raised and provided scholarship support for
needy students in Catholic elementary and secondary
schools throughout the Archdiocese. These endowed funds
provide permanent unrestricted support to the Catholic
Schools Foundation.
− PFT* Hispanic Apostolate Fund
− PFT* Office of Youth Ministry Fund
− PFT* Prison Ministry Fund
− Roman Catholic Archdiocese of Boston Corporation
Sole Endowment Fund
− Helen Stubblefield Law Fund
− Walter F. and Mary C. Sullivan Endowment Fund
− Youth and Family Life Endowment
Funds Supporting the Catholic Appeal
− Elizabeth Fenlon Curran Memorial Endowment
− Inner-City Scholarship Fund
− Merrimack Valley Catholic Schools United Fund
− Other School Endowment Fund
The Catholic Appeal annually supports 50 faith-filled
ministries that enrich parish life, strengthen families,
educate future generations, and help advance our Church
leadership.
− Appeal Endowment
− Buckley Endowment
*Promise for Tomorrow is the Archdiocesan capital campaign for which these funds are named.
15
Endowment Funds continued
Funds Supporting the Clergy Health
and Retirement Trust
In the 200-year history of the Archdiocese of Boston,
more than 3,000 men have answered the call to the
priesthood. Currently, the Archdiocese has 628 priests,
63% of whom are in active ministry and 37% of whom
are age 75 or more and considered to be “senior” priests.
About 20% of senior priests continue to celebrate four to
five Masses each week.
− Connell Family Endowment
Benefits St. Mary High School, Lynn
− PFT* Clergy Development Fund
− Ethel M. Duggan Scholarship Fund
Benefits students of Hudson attending a
Catholic high school
Funds Supporting Catholic Education
More than 40,000 students are educated each year in the
119 Catholic elementary and secondary schools in the
Archdiocese. With 97% of Catholic high school graduates
going on to college, Catholic schools have unmatched
success in educating youth, especially in urban areas.
Funds from endowments such as those listed below help
to keep Catholic schools financially healthy, academically
strong, and faith-filled.
− Artie and Judy Boyle Scholarship Fund
Benefits Saint John Paul II Catholic Academy,
Dorchester and Mattapan
− Nellie M. Brownell Scholarship Fund
Benefits Saint John Paul II Catholic Academy,
Dorchester and Mattapan
− Condon Family Scholarship for Cardinal Spellman
High School Endowment Fund
Benefits Cardinal Spellman High School, Brockton
− Dorothy Holt Connolly Endowed Scholarship
Benefits Saint John Paul II Catholic Academy, Dorchester
and Mattapan
− John M. Corcoran Life Estate Fund
− Agnes and Frank Florencourt Memorial
Endowment Fund
Benefits St. Agnes School, Arlington
− Daniel F. Marr, Jr. Scholarship Endowment Benefits members of the Col. Daniel F. Marr Boys and
Girls Clubs of Dorchester attending Catholic elementary
schools or Catholic high schools
− Pero Family Scholarship Fund
Benefits college students of Holy Ghost Parish, Whitman
− Pope John XXIII High School Endowment
Benefits Pope John XXIII High School, Everett
− Paula Sacco Scholarship
Benefits students of Hudson attending a
Catholic high school
*Promise for Tomorrow is the Archdiocesan capital campaign for which these funds are named.
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− Thimot Family Endowed Scholarship
Benefits students of Hudson attending
a Catholic elementary school
− Danielle Trant Memorial Fund
Benefits Matignon High School, Cambridge
Funds Supporting Parish Life
The Archdiocese of Boston is home to 289 parishes
in 144 communities in eastern Massachusetts.
− Mark E. and Gertrude M. Amirault Trust
Benefits St. Thomas of Villanova Parish, Wilmington
− Sacred Heart Parish Memorial Endowment
Benefits Sacred Heart Parish
− Arthur and Mary Sullivan Fund
Benefits St. Patrick Parish, Lowell
Funds Supporting Religious Education
These funds support either the religious education of
children in parishes, or the education of men training for
the priesthood at two seminaries located in the Archdiocese:
St. John's Seminary in Brighton, and Pope St. John XXIII
National Seminary in Weston.
− Daniel and Catherine Barry Memorial Fund Benefits St. Agnes Parish, Arlington
− George R. Baldwin Scholarship Fund
− James and Mary Buckley Memorial Fund
Benefits St. Cecilia Parish, Ashland
− John J. and Margaret M. Flatley Endowment
− Mabel E. and James F. Buckley Memorial Endowment Benefits St. Cecilia Parish, Ashland
− Mabel E. and James F. Buckley Memorial Endowment Benefits St. Patrick Parish, Lowell
− Pope St. John XXIII National Seminary Endowment
− Mary L. Hudgins Endowment Scholarship
− Roy and Ellen Hudgins Endowment Scholarship
− Rev. Thomas C. Hudgins Endowment Scholarship
− Cardinal Medeiros Trust Fund
− DeStefano Family Endowment Fund
Benefits St. Joseph Parish, Belmont
− Parish Religious Education Endowment
− Robert P. Durling Endowment Fund
Benefits St. Ann by the Sea Parish, Marshfield
− PFT* Office of Religious Education Fund
− Charles V. and Madeline M. Keane Fund
Benefits Most Precious Blood Parish, Hyde Park
− PFT* Permanent Diaconate Tuition Assistance Fund
− L’heureux Memorial Endowment
Benefits St. Joseph Parish, Salem
− PFT* Train Catechists Fund
− Parish Stewardship Endowment
− PFT* Master in Ministry Scholarship Fund
− PFT* Religious Education Fund
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Endowment Funds continued
“Entrust your
works to the
Lord, and
your plans
will succeed.”
Proverbs 16:3
− PFT* Youth Ministers and Catechists Fund
− Joseph A. Schelling Fund
− St. John's Seminary Endowment
− St. John's Seminary Scholarships
− Rev. Leone
− Rev. Emery Parillo, OFM (1929-2012)
− Rev. John J. Philbin (1919-2004)
− Rev. James Publicover (1931-2003)
Funds Supporting Social Services
As the largest private provider of social services in Massachusetts, Catholic
Charities of Boston offers nearly 90 programs and services in 27 locations
around eastern Massachusetts. Each year, Catholic Charities helps more than
200,000 of our neediest neighbors of all faiths.
− Catholic Charities Bureau Endowment
− DeStefano Family Endowment Fund
− Family Counsel and Guidance Fund
− Labouré Center Endowment
− John M. Russell Memorial Endowment
− Social Services Endowment
Funds Supporting Women Religious
The Archdiocese of Boston is home to more than 1,700 sisters representing
over 80 religious communities. They are involved in many ministries
throughout the Archdiocese, including: spirituality, parish ministry,
healthcare, education, campus ministry, social services, religious education,
youth ministry, AIDS ministry, special education, young adult ministry, work
with elderly, pastoral services, prison ministry, and ethnic apostolates.
− Women Religious Endowment Fund
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Bequests and Planned Gifts FY'14
During the period July 1, 2013 through June 30, 2014 (FY'14), the Archdiocese of Boston received over $10.6M in
planned gifts, most of which came in the form of bequests. We are very grateful to the many individuals listed below
who were so thoughtfully generous to include the Archdiocese, their parish, or another Catholic cause in their will, or
with another form of planned gift (e.g., trusts, life insurance, charitable gift annuity). May their souls be blessed and
may they rest in eternal peace.
Clergy and Religious
For the Clergy Health and
Retirement Trust
Estate of Rev. Richard J. Butler
Estate of Rev. James D. Lyons
For the Regina Cleri Residence
Joan J. Bonfiglio Irrevocable Trust
Estate of Thomas Daly
Estate of Rev. James F. Degnan
Estate of Rev. William J. McConnell, Jr.
Trust of Rev. Charles J. Murphy
Estate of Rev. William B. O’Connor
Mary C. Shea Charitable Remainder
Unitrust
Parishes
Andover, Saint Augustine
Trust of Albert E. Berry
Estate of Mary Monica McNulty
Estate of Eleanor (Parrotta) Melucci
Andover, Saint Robert Bellamine
Estate of Ellen F. Fraser
Arlington, Saint Agnes
Estate of Norah Gannon Trust of 1996
Estate of Catherine T. McNeill
Belmont, Saint Joseph
Trust of Ruth G. Marr
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Belmont, Saint Luke
Estate of Eleanor Grace Crook
Brockton, Saint Edith Stein
Estate of Katherine L. (Sites) Oldham
Beverly, Saint John the Evangelist
Estate of Myra A. Lyons
Cambridge, Saint Francis
Estate of Joan V. DeGuglielmo
Boston, Our Lady of Good Voyage
Trust of Rev. Charles J. Murphy
Cambridge, Saint John the Evangelist
Estate of Helen G. Cauchon
Estate of Ruth A. Murray
Boston, Saint Cecilia
Estate of Francis Rogers
Boston, Saint James the Great
Estate of Thomas Walsh
Boston, Saint Joseph
Estate of James S. Bacciocco
Bradford, Sacred Hearts
Elmo D’Alessandro 1996 Trust
Estate of Victor J. Maiella
Estate of Judith L. (Prescott) Morris
- For religious education
Braintree, Saint Francis
Eileen B. Doyle Trust
Estate of Mary A. Forti
Brighton, Saint Columbkille
Estate of Yolanda I. Visocchi
Brockton, Our Lady of Lourdes
Estate of John A. Houde
Cambridge, Saint Mary of the
Annunciation
Estate of Ellen R. (McCarthy) Dunne
Cambridge, Saint Paul
Estate of Marguerite T. Cunniff
Kathleen M. Manion Trust
- For the Harvard-Radcliffe
Catholic Student Center
Estate of Margaret Ball
- For the Harvard-Radcliffe
Catholic Student Center
Cambridge, Saint Peter
Estate of Bradley G. Ball
Estate of Mary B. DuBois
Estate of Mary M. Haynes
Charlestown, Saint Francis de Sales
Estate of Rev. William J. McConnell, Jr.
Estate of William J. Powers
Chestnut Hill, Saint Mary of the
Annunciation
Estate of Kathleen M. O’Brien
Danvers, Saint Mary of the
Annunciation
Daniel J. Mackey Family Trust 2012
Dedham, Saint Mary of the
Assumption
Estate of Lawrence A. Dwyer
Dorchester, Blessed Mother
Teresa of Calcutta
Carol A. Silva Trust
Dorchester, Saint Ann
Hugh J. McPhee and
Jane A. McPhee Trust
-In memory of Hugh J. McPhee,
St. Ann School, Class of 1939
Dorchester, Saint Gregory
Estate of Francis X. Masterson
Estate of Ruth G. McClenning
Dorchester, Saint Mark
Estate of Marianna D. Hannigan
Dracut, Saint Marguerite d’Youville
Estate of Janet M. Xiggores
Framingham, Saint George
Roy D. McKillop Irrevocable Trust
-In loving memory of Eileen F. McKillop
Jamaica Plain, Saint Thomas Aquinas
Estate of Mary T. Mullen
Lawrence, Corpus Christi
Henry Giannantonio Trust
Lawrence, Saint Patrick
Estate of Marilyn Benson
-For the Cor Unum Meal Center
Estate of Rev. James F. Degnan
Lexington, Sacred Heart
Estate of Monica J. Cotter
Marblehead, Our Lady Star of the Sea
John H. Leary 2012 Revocable Living Trust
Estate of Barbara Connors Mulcahy
Marshfield, St. Ann by the Sea
Robert P. Durling Trust
Estate of Katherine L. (Sites) Oldham
Lowell, Immaculate Conception
Estate of Blanche Boumel
Medford, Saint Joseph
Estate of Joan Bonfiglio
Estate of Philomena Luongo
Estate of Rocco Paoletta
Estate of William J. Powers
Lowell, Saint Margaret
Robert E. Brady Revocable Trust
Medway, Saint Joseph
Lawrence E. Tenney Trust
Lowell, Saint Rita
Estate of Helen I. Connerton/
St. Rita Trust
Melrose, Saint Mary of the Annunciation
Paul F. Facella 2000 Revocable Trust
-In memory of Paul and Norma Facella
Estate of Katherine E. Long
Estate of Marie E. (Brissette) O'Connell
Lynn, Saint Mary
Estate of Mary C. Anderson
Lynnfield, Our Lady of the Assumption
Estate of Anna M. Burke
Malden, Immaculate Conception
Estate of Gilbert S. Greenberg, Jr.
-In loving memory of Victoria
Jean Greenberg
Estate of John J. Kilroy
Estate of Rita R. King
Malden, Sacred Hearts
Estate of John J. Kilroy
Estate of Albert W. Tenney, Jr.
Middleborough, Sacred Heart
Trust of Luke F. Kelley
Milton, Saint Elizabeth
Estate of Elinor P. Kane-Vachon
Milton, Saint Mary of the Hills
Estate of Agnes B. Higgins
Estate of Edward C. J. Pond
Natick, Saint Linus
Estate of Helena M. Coleman
Natick, Saint Patrick
Estate of Helena M. Coleman
Estate of Alfred A. Lagan
21
Bequests and Planned Gifts FY'14 continued
Needham, Saint Bartholomew
Estate of William E. Dunn, Jr.
Trust of Rev. Charles J. Murphy
Newton, Corpus Christi-St. Bernard
Estate of Margaret A. Leonard
Newton, Mary Immaculate of
Lourdes
Estate of Dorothy M. Wilson
Newton, Sacred Heart
Revocable Living Trust of
Augustus J. Morelli
Newton, Saint Ignatius of Loyola
Mary C. Shea Charitable Remainder
Unitrust
North Andover, Saint Michael
M. Ruth Bingham Revocable Trust
of June 6, 2007
-For Bernard and Ruth Bingham Scholarship
Estate of Concettina M. (Sorbello)
Koralishn
Norwell, Saint Helen
Estate of Cecily (Day) Sullivan
Norwood, Saint Catherine
Estate of Catherine C. Donovan
Estate of Gorizia M. Howard
Peabody, Saint John the Baptist
Estate of Eileen E. (Elsen) Bagley
Pepperell, Our Lady of Grace
Estate of Michael H. Anderson
22
Plymouth, Saint Mary
Estate of Ehricke R. Hokinson
Quincy, Holy Trinity
Estate of Arthur J. O’Keefe
Quincy, Saint Joseph
Estate of Thomas Walsh
Roxbury, Saint Patrick
Estate of Arthur O’Keefe
Swampscott, Saint John the
Evangelist
Estate of Mary C. Anderson
Tyngsboro, Saint Mary Magdalen
Estate of Helen I. Connerton/
St. Mary Magdalen Trust
Wakefield, Saint Joseph
Estate of Pauline V. (Hunt) Crosby
Salem, Immaculate Conception
Daniel J. Mackey Family Trust 2012
Waltham, Saint Mary
Estate of Mary Josephine (Dillon) Burke
Estate of Mary Barbara MacLellan
Salem, Saint Anne
Estate of William E. Dunn, Jr.
Watertown, Saint Patrick
Estate of Delia P. Frissora
Salem, Saint James
Estate of Gabrielle G. Rousseau
Wellesley, Saint John
Frances M. Mitchell Revocable Trust
John F. Mitchell, Jr. Revocable Trust
Salem, Saint John the Baptist
Estate of Gabrielle G. Rousseau
South Boston, Gate of Heaven
Estate of Mary M. Doyle/
Mary M. Doyle Trust
South Boston, Saint Brigid
Estate of Norah Gannon Trust of 1996
Estate of Agnes B. Higgins
Stoneham, Saint Patrick
Estate of Mary (Nicastro) Bruno
Estate of Beulah “Bette” A. Boudreau
Mottola Family Trust/Estate of
John and Madeline Mottola
Estates of Josef and Rita Touet
Westford, Saint Catherine of
Alexandria
JMD Investment Trust/
Estate of Jacqueline M. DeSelle
Weymouth, Sacred Heart
Kramer Family Trust
-In support of the children’s choir in
loving memory of Patricia Kramer
Winchester, Immaculate Conception
(now merged with Saint Mary,
Winchester)
Estate of Eugene Sweeney
Propagation of the Faith
Estate of Marguerite T. Cunniff
Estate of Marie I. Dumont
Estate of Mary M. Haynes
Estate of Rev. James D. Lyons
Estate of Eleanor (Parrotta) Melucci
Trust of Rev. Charles J. Murphy
Estate of Helen C. M. Willis/
Misses McAleer Foundation
Estate of Rev. William J. McConnell, Jr.
RCAB – Central Ministries
Estate of Monica J. Cotter
Estate of Jean Fink
Estate of William J. Powers
Estate of Mary Shea
Estate of Edmund Vigeant
Schools
Arlington, Arlington Catholic
High School
Estate of Norah Gannon Trust of 1996
RCAB - Catholic Community Fund
Mary P. Barry 1992 Trust
- For the Daniel and Catherine
Barry Memorial Fund benefitting
Saint Agnes Parish, Arlington
Estate of Agnes B. Higgins
Cambridge, Saint Paul Choir School
Kathleen M. Manion Trust
RCAB - Catholic Health
Foundation of Greater Boston
Estate of Ruth McCann
RCAB – Central Ministries
Estate of Ruth R. Casey
Estate of Walter Casey
Estate of Patrick Davis
Estate of Joan V. DeGuglielmo
Estate of Joseph Norman Demers
Estate of Rev. John Hannon
Estate of Mary M. Haynes
Kathleen M. Manion Trust
Estate of Mary Kathleen (McCabe) O’Brien
Estate of Rev. William B. O’Connor
Estate of Joseph P. Shean
Estate of Janet M. Xiggores
Seminaries
Brighton, Saint John Seminary
Estate of Rev. Lawrence J. Conley
Estate of Msgr. Thomas J. Daly
Estate of Ellen F. Fraser
Cambridge, Matignon High School
Trust of Rev. Charles J. Murphy
North Andover, Saint Michael School
M. Ruth Bingham Revocable Trust
of June 6, 2007
-For Bernard and Ruth Bingham
Scholarship
Roslindale, Sacred Heart School
Estate of Eileen P. Tangney
Stoneham, Saint Patrick School
Estate of Philip J. Wall
Weymouth, Sacred Heart School
Estate of Benjamin J. Rodick
Weymouth, Saint Francis School
Trust of Rev. Charles J. Murphy
23
23
NEW Catholic Health Foundation
The Catholic Health Foundation of Greater Boston, Inc. (“Catholic Health Foundation”) has been
established to provide financial support to organizations that provide healthcare and healthcare services
consistent with the teachings of the Roman Catholic Church within the cities and towns that comprise the
Archdiocese of Boston.
The corpus of the Catholic Health Foundation is
approximately $10.2 million, and is made up of
endowments previously held by the hospitals that were
part of the former Caritas Christi hospital system:
• St. Elizabeth's Medical Center, Brighton
• St. Anne Hospital and Health System, Fall River
• Caritas Norwood Hospital, Norwood
• Caritas Southwood Hospital, Norfolk
• Good Samaritan Medical Center, Brockton
• Caritas Home Care Endowment
• Carney Hospital, Dorchester
In 2013, the Supreme Judicial Court of the
Commonwealth of Massachusetts issued a judgement
allowing those hospital endowments to be distributed
to the new Catholic Health Foundation with “the
unrestricted funds to be used for the general
purposes of the Catholic Health Foundation, and
those that had more particular purposes to be
allocated to that purpose category that is closest to
the original gift.”
24
The funds were received by the Catholic Health
Foundation on October 1, 2013. Four percent of the
market value of each fund is expected to be distributed
annually. The first health-related grants from the
Catholic Health Foundation were made in June 2014
in the following areas:
• Bereavement
• Building/equipment
• Cancer
• Education (medical or health)
• Employee assistance
• Medical pediatric
• Social needs
• Unrestricted
No grants will be made to individuals or to government
agencies. No grants will be made for endowments or
operating deficits. Catholic Health Foundation FY'14
grants are listed on the following pages.
Catholic Health Foundation Grants FY'14
Catholic Health
Foundation
Board of Directors
Grant
Amount
Organization Name
Location
Grant Purpose
Barton Center for Diabetes
Education, Inc. (Clara Barton
Camp for Girls with Diabetes and
Elliott P. Joslin Camp for Boys with
Diabetes)
North Oxford
Toward camper scholarships for financially-needy
children with Type 1 diabetes who reside in the
Archdiocese of Boston
Bethany Health Care Center
Framingham
Toward facility renovations benefitting cancer
patients
Blessed Sacrament School
Walpole
Support for school library materials to serve
students and families dealing with grief and loss
Care2Communities
Newton
Support toward outfitting a container health
clinic in Haiti
$100,000
Cathedral High School
Boston
Support for school nursing office and student
health programming
$65,734
Cathedral of the Holy Cross
Boston
Support for parish nursing program, Cathedral
Cares Clinic
$6,907
Catholic Charities of Boston
Dorchester
Support for staffing and for training staff in
health-related data collection at St. Peter
Teen Center
$25,313
Catholic Charities of Boston
Brockton and
South Boston
Support for expansion of nursing assistant and
home health aide training programs
$25,000
Catholic Charities of Boston
Hull
$20,000
PATRICIA S. JAY, MD, FACOG
Visions Health Care
Dedham and Wellesley
Support for nursing staff and camper care at
Sunset Point Camp
Elizabeth Seton Academy
Dorchester
Support toward school nurse
$7,500
Fontbonne Academy
Milton
$7,000
REV. ARTHUR T. MACKAY, O.D.
Parochial Vicar
St. Paul Parish, Wellesley
Improvements to health and wellness
programming for students
Immaculate Conception School
Lowell
Toward purchase of school medical equipment
$3,000
Little Sisters of the Poor of Greater
Boston, Inc.
Somerville
Support for patient equipment for St. Joseph
Unit, benefitting cancer patients
Matignon High School
Cambridge
Support toward augmenting school health care
program
KATHLEEN F. DRISCOLL
Secretary for Institutional Advancement
Archdiocese of Boston
President
JOHN E. STRAUB
Chancellor and Chief Financial Officer
Archdiocese of Boston
Treasurer
F. BEIRNE LOVELY JR., Esq.
General Counsel
Archdiocese of Boston
Secretary
FRANCIS J. O’CONNOR, Esq.
Assistant General Counsel
Archdiocese of Boston
Assistant Secretary
JANICE E. HEALEY, CDA
Oral Health Program Coordinator
MA Department of Public Health
26
$7,500
$30,000
$600
$40,000
$9,500
Grant
Amount
Organization Name
Location
Grant Purpose
Mount Alvernia High School
Newton
Toward purchase of school medical equipment
$2,000
Nativity Preparatory School
Jamaica Plain
Toward purchase of school medical equipment
$4,040
Our Lady of Perpetual Help
Mission Grammar School
Roxbury
Support toward full-time school nurse
Our Lady’s Academy
Waltham
Support toward increased hours for school nurse
$5,000
Presentation of Mary Academy
Methuen
Toward purchase of school medical equipment
$2,000
Project Care and Concern
Dorchester
Toward health-related needs of the individuals
and families served
$361
RCAB* Catholic Schools Office
Braintree
Professional development for Catholic school
nurses
$10,000
RCAB* Office of Chaplaincies
Braintree
Bereavement-Grief-Loss workshop for parishes
$4,000
RCAB* Office of Chaplaincies
Braintree
Train/certify three hospital chaplains in Catholic
healthcare ethics
$16,050
RCAB* Office of Chaplaincies
Braintree
Toward support for new Faith Community
Nursing program benefitting parish nursing
programs
$50,000
Saint Agatha Parish and
Saint Agatha School
Milton
Toward purchase of medical equipment
$3,000
Saint Bridget School
Abington
Toward purchase of School Nurse Assistance
program software and medical equipment
$7,150
Saint Bridget School
Framingham
Purchase of school medical equipment
$3,319
Saint Catherine of Genoa School
Somerville
Support toward part-time school nurse
$7,668
Saint Clement School
Medford
Support toward full-time school nurse
$7,668
Saint Columbkille Partnership
School
Brighton
Support toward increased hours for school nurse
$7,000
Saint John Paul II Catholic
Academy
Dorchester
and Mattapan
Support toward school nursing program and
purchase of School Nurse Assistance program
software
$10,000
$25,000
*Roman Catholic Archdiocese of Boston
27
27
Catholic Health Foundation Grants FY'14 continued
Grant
Amount
Organization Name
Location
Grant Purpose
Saint John Paul II Catholic
Academy
Dorchester
and Mattapan
Support toward school nursing in the summer
program
$10,000
Saint John Preparatory School
Danvers
For student meditative prayer and exercise
programs in school’s mindfulness initiative
$10,000
Saint Joseph Manor Health Care,
Inc.
Brockton
Continuing education in nursing for staff pursuing
RN licensure
$23,962
Saint Joseph Preparatory High
School
Brighton
Toward relocation and outfitting of school’s
student fitness center
$19,312
Saint Mary’s Center for Women
and Children
Dorchester
Support for Young Families Into Healthy Futures
initiative
$25,000
Saint Michael School
Lowell
Support for Student Health Office toward medical
supplies, emergency equipment and health
education programming
$8,000
Saint Patrick School
Stoneham
Toward increased hours for school nurse
$5,000
Saint Raphael School
Medford
Toward purchase of school medical equipment
$2,000
Sainte Jeanne d’Arc School
Lowell
Support toward increased hours for school nurse
and student health tracking software
$16,576
Signature Healthcare/Brockton
Hospital
Brockton
Toward funding a part-time hospital chaplain, one
fluent in Haitian Creole or Cape Verdean Creole,
supporting cancer and other patients
$20,000
South Boston Catholic Academy
South Boston
Support toward increasing school nurse’s hours,
health texts and teacher resources for enhanced
nutrition curriculum
$15,000
Trinity Catholic Academy
Brockton
Support toward new initiatives for health and
fitness programming
$15,000
Wounded Warrior Project
Cambridge
For health-related needs of wounded veterans
in Greater Boston
Total Grants
28
$361
$684,521
Statement of Financial Position
Fiscal Year Ended on June 30, 2013 and 2012 (audited)
2013 TOTAL
2012 TOTAL
$ 1,320,647
$ 480,970
$
87,451
$47,273,367
$ 1,760,541
$ 1,356,851
$ 1 ,039,057
$ 1,261,096
$ 288,117
$
87,550
$27,626,292
—
$ 1,390,906
$ 773,378
$53,318,884
$31,427,339
LIABILITIES:
Funds held for others
Annuity obligations
$ 1,760,541
$ 1,198,153
$
—
$ 1,246,035
Total liabilities
$ 2,958,694
$1,246,035 ASSETS
Cash and cash equivalents
Interest and dividends receivable
Accounts receivable
Investments
Funds held for others
Assets held under split-interest agreements
Beneficial interest in charitable remainder trusts
TOTAL ASSETS
LIABILITIES AND NET ASSETS
NET ASSETS:
Unrestricted
$3,086,437
$3,093,855
Temporarily restricted
$ 15,065,748
$ 10,594,562
Permanently restricted
$ 32,208,005
$ 16,492,887
Total net assets
TOTAL LIABILITIES AND NET ASSETS
$ 50,360,190$ 30,181,304
$53,318,884
$31,427,339 29
29
Statement of Activities
Fiscal Year Ended June 30, 2013 and 2012 (audited)
2013 TOTAL
2012 TOTAL
$1,057,770
$ 1,335,709
$ 410,555
$ 379,446
$ 1,151,367
$ 173,942
$ 2,804,034
$ 1,704,755
REVENUES, GAINS AND OTHER SUPPORT
Contributions
Interest and dividend income
Change in value of split-interest agreements
TOTAL REVENUES, GAINS AND OTHER SUPPORT
EXPENSES
Program grants:
Endowment spending policy
$ 2,263,099
Other —
TOTAL EXPENSES
$ 2,263,099 $ 1,585,626
$50,000
$ 1,635,626
CHANGES IN NET ASSETS FROM OPERATIONS
$
540,935
$69,129
Non-operating gains (losses):
Net realized and unrealized gain (loss) on investments
$ 1 ,293,346 $(1,731,344)
$ 1,834,281
$(1,662,215)
$ 30,181,304
$ 18,344,605* $ 33,877,367
$ (2,033,848)
$50,360,190
$30,181,304
CHANGES IN NET ASSETS
Net assets at beginning of year
Net asset transfer
NET ASSETS AT END OF YEAR
*On April 1, 2013, endowments totaling $18,344,605 that were held by the Endowments Fund of the Corporation Sole were effectively
transferred to the Fund. These funds were derived from the Promise for Tomorrow capital campaign, organized and managed by the
Catholic Community Foundation of the Archdiocese of Boston, Inc. (former name of the Fund).
30
“Praise the Lord,
for He is good;
for His mercy
endures forever”
Psalm 136
Design concept by Deacon Fernando Botelho in memory of Richard Ely.
Archdiocese of Boston
66 Brooks Drive
Braintree, MA 02184
www.catholiccommunityfund.org
Photography by George Martell