In serving directed giving by donors to specific Catholic parishes, schools, cemeteries, and other ministries, the CCFESD maintains a strong commitment to Catholic stewardship. This involves both good financial accounting as well as Catholic Responsible Investing, with an annual independent audit.
For the nine months ending March 31, 2023, the results are as follows:
All of these gifts are directed by donors to specific ministries that they have designated, including local parishes, schools and other charities.
While prudent financial management of these funds is critical in preserving capital and maximizing investment returns, the priority of the CCFESD is to incorporate Catholic Responsible Investment screening, utilizing a diversity of funds and managers. The investments within the CCFESD portfolio are screened to invest in accordance with Catholic values.
The first quarter of 2023 was positive in the investment markets. In spite of continued inflation concerns, employment and activity data continued to be resilient. Our portfolio diversification has helped during this time of volatility. The Foundation’s staff, investment committee, and consultant will continue to monitor the portfolio and implement any changes as necessary.
By accepting this message, you will be leaving the CCFESD website. By providing the link CCFESD assumes no responsibility for, nor does it necessarily endorse, the website, its content, or sponsoring organizations.
At the Catholic Community Foundation for Eastern South Dakota, our priority is the well-being of our donors, event participants, staff and the entire Diocese. During this time of uncertainty, we are monitoring the status of COVID-19 daily with a primary goal of keeping everyone safe and healthy. As stronger restrictions have become imposed, the Catholic Community Foundation, along with the members of the Bishop’s Fishing Tournament committee, has reached the decision to pivot this year’s tournament to a virtual event.
Your support of the virtual Bishop’s Fishing Tournament is needed now more than ever. If you have already registered, THANK YOU for your support and understanding. A member of our team will reach out to you to convert your registration to comply with this new virtual fishing event. If you have yet to sign up, we hope that you will do so. In this 24th year of the Bishop’s Fishing Tournament, your support continues to be so important. The tradition of this event and the amazing financial support cannot diminish. We thank you for your dedication and support!
CLICK HERE TO REGISTER