Catholic Foundation in the Archdiocese of Dubuque

Sustaining a Vibrant Catholic Faith

Cedar Rapids, IA   |  http://OurCFAD.org

Mission

To sustain a vibrant Catholic faith in the Archdiocese of Dubuque through professional financial planning.

Ruling year info

2012

Executive Director

Michele Brock

Main address

120 5th St. NW

Cedar Rapids, IA 52405 USA

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Formerly known as

Catholic Foundation for the Archdiocese of Dubuque

EIN

45-1740219

NTEE code info

Roman Catholic (X22)

Public Foundations (T30)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

The nearly 200,000 Catholics in the Archdiocese of Dubuque connect with their 165 parishes, 47 Catholic schools and/or numerous ministries, giving through weekly offertory and annually to help with day-to-day operations. These organizations serve spiritual and corporal needs of Catholics and non-Catholics and have a need for longer-term planning and the funding that goes with that to sustain a vibrant Catholic faith and ministries in our area.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Asset Management and Distribution

CFAD receives and manages assets via Catholic socially responsible investing to provide perpetual funding for the parishes, schools and ministries within the 30-county Archdiocese of Dubuque. The Foundation’s Board of Directors is comprised of Church, business and civic leaders who represent various regions of the archdiocese. The executive director leads the efforts of managing the day-to-day operations and stewarding the investment of assets, grants and endowment distributions.

Population(s) Served
Adults

We help individuals and Catholic organizations within the 30-county Archdiocese of Dubuque who have an interest in the many benefits of legacy gifts to these organizations.

Population(s) Served
Adults

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

To inspire faith-filled charitable planned giving and manage assets in Catholic responsible investing to grow endowments in order to provide perpetual funding to Catholic schools, parishes and ministries for them to continue to care for the spiritual and corporal needs of those they serve.

We will continue to enhance our investments in Catholic responsible investing, reflecting our Catholic values and following institutional funds investment best-practices, adhering to laws related to institutional investing, managing funds professionally and providing regular reports to our donors and clients.

We will grow our endowments by 1) engaging donors on their personal or family legacy through planned gifts, helping them benefit a Catholic organization in perpetuity while embodying their Catholic values, 2) partnering with Catholic organizations on establishing or growing their endowments and increasing their planned giving education and 3) working collaboratively with donors' advisers so that they may help their donors achieve their goals/wishes.

We will continue to enhance our regular grants to Catholic organizations to help them care for the spiritual and corporal needs of those they serve.

The investment portfolio of CFAD shall be managed to maximize return over the long term in a manner that is consistent with the liquidity needs, spending rates, asset/liability management strategies, safety of principal of the individual funds and Catholic responsible investment screens. We regularly review our investments, looking to refine our portfolio to adhere to United States Conference of Catholic Bishops (USCCB) guidelines while providing sound financial returns. Accordingly, the investment manager shall, wherever possible, apply investment screens to the foundation’s separately managed account portfolios in accordance with the Socially Responsible Investment Guidelines of the USCCB. CFAD’s investment oversight includes:
• 11-member board of directors
• 6-member investment committee
• CFAD executive director and treasurer
• Investment consultant

Planned giving takes relationship building, marketing and educating. CFAD helps with marketing and educating and works with Catholic organizations to build on the relationships they have. CFAD offers a staged approach to help Catholic organizations with planned giving, consulting at each stage to various degrees as needed. From goal setting to planning to specific outreach tactics, CFAD's staff provides the resources needed to help both Catholic organizations and donors understand the importance of legacy planning and the fulfillment it offers.

CFAD collaboratively works with the Catholic organizations it serves, formally and informally discussing current and future needs of those they serve and how our grant process could better serve them. This will be a topic of strategic planning from which enhancements will be made.

Our review of Catholic responsible investment screens, working with fund managers through our investment consultant, is ongoing.

Our planned giving consultation services are just beginning (2020) and we will monitor each year.

Grant Dollars Distributed
FY 16-17 $1,004,907
FY 17-18 $2,632,105
FY 18-19 $2,754,918

Number of Grants Distributed
FY 16-17 98
FY 17-18 126
FY 18-19 137

Dollars of Assets*
FY 16-17 $44,527,406
FY 17-18 $86,960,638
FY 18-19 $101,185,338

Number of Funds *
FY 16-17 131
FY 17-18 167
FY 18-19 180

*Includes agency trust accounts

Financials

Catholic Foundation in the Archdiocese of Dubuque
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Operations

The people, governance practices, and partners that make the organization tick.

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Catholic Foundation in the Archdiocese of Dubuque

Board of directors
as of 2/25/2021
SOURCE: Self-reported by organization
Board chair

Maureen Gronstal