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 six months ending December 31, 2022, results are as following:
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.
Market performance has been challenging in 2022 particularly hampered by high inflation. 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.