Foundation’s annual report shows recovery

| December 15, 2010 | 0 Comments

Elderly living independently, at-risk mothers and youth are among those who benefit from the activities of the Catholic Community Foun­da­tion in the Arch­diocese of St. Paul and Minneapolis.

A cultivator and distributor of charitable assets, the foundation this year marked the 10th an­niversary of its Community Priorities Fund, which targets local organizations that serve those target populations. Since its inception in 2000, the fund has granted $750,000 to more than 100 local nonprofit groups.

In a jointly signed letter accompanying its recently published 2010 annual report, CCF president Mari­lou Eldred and vice chair Gerald D.

Brennan noted that the foundation’s asset value is nearly fully recovered from the economic recession that began in October 2008. At the end of the fiscal year (June 30, 2010), CCF had $163 million in assets under management.

“Our donors have responded generously to the ever-urgent needs of our community,” the letter noted, “giving 11 percent more than in 2009, and 15 percent more than in 2008.”

Increased donations enabled the foundation to increase grants 11 percent. It granted $7.7 million to parishes, schools, seminaries and social service organizations locally and across the United States.

Grants are made from endowments, trusts and donor-advised funds held at the foundation.

To request a printed copy of the annual report, e-mail info@ccf-mn.org or call (651) 389-0878. A  pdf version is available online at http://www.ccf-mn.org.

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Category: From Age to Age