CCF-LA newsletter
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October 17, 2023
CCF-LA News | October 17, 2023
A day of great joy – four new auxiliary bishops for
Los Angeles!
Auxiliary Bishop Albert Bahhuth
Auxiliary Bishop Fr. Brian Nunes and Auxiliary Bishop Fr. Slawomir Szkredka
Auxiliary Bishop Fr. Matthew Elshoff
September 23rd was a day of celebration, hope, and happiness for Los Angeles
as four bishops were ordained by Archbishop José H. Gomez to serve the
Archdiocese. These four men are great priests that have been elevated to auxiliary
bishop positions in the largest archdiocese in our country. Each of these new bishops knows the depth and breadth of this vast, multicultural three-county area that
serves over 4.5 million Catholics.
Tania and I attended the historic ordination with more priests in attendance than we could count! Many leaders in the Archdiocese, parishioners, and family and friends of the auxiliary bishops added their support and encouragement. I attended the Vespers the night before, a solemn prayer service preparing for the ordinations.
The Cathedral staff, choir and volunteers produced seamless and on-time events. While attending these services, I recognized that the sacraments that take place inside the Cathedral are far more important than the building, yet having such a magnificent Cathedral makes me proud to be part of our Catholic community of this archdiocese.
~Kathy Anderson
It's That Time of the Year
Kathy Anderson
President and Executive Director
It’s about this time of year that we begin the anticipation for all the events that take us through the end of the calendar year – notably Halloween, Thanksgiving, Christmas, and New Year`s Eve. All these events have an element of planning - bringing out the decorations, making grocery lists, making gift selections, sending cards, and organizing schedules around family and friends.
One of the holidays that we don’t seem to plan for is All Saints Day, the day that we remember our beloved saints in heaven. This year,why not make a special effort to have a family and friends meal around the celebration of the lives of those that have gone before us. It’s important for the new generations to know their forefathers and how they impact the family and our world today.
When I think of my own parents and grandparents, I remember the core values we were handed down around the importance of hard work, our character, and compassion for others. As my parents often said, these are the gifts, including a good education, that can never be taken away from you.
I cannot end this column without a tie-in to philanthropy. Why not take this opportunity to create a named fund in honor of one of the ancestral saints you know that exemplifies their life? Or perhaps make a gift in their honor to a charity that was important to them. For me, I’m going send a gift to St. Mary School in Gilroy in honor of my parents who valued the importance of a Catholic school education for their six children.
The Academy Award for Catholics!
The Evangelii Gaudiumhonor from St. John’s Seminary.
September 16th was a night to remember with 950 attending a festive occasion on the plaza of the Cathedral of Our Lady of the Angels.We celebrated the achievements of seminary graduates Fr. Rodel Balagtas, Msgr. John Moretta, and Bishop Tim Freyer, including the important work of the seminary in educating priests for ministry in the Catholic church.
For me, I gratefully excepted the Evangelii Gaudium honor. It was a time to celebrate the importance of the priests in my life from my Catholic school days to present, and to recognize that our priests and all religious men and women in our lives are there to help us get to heaven. I was happy to have so many friends, colleagues, and family members together for what I viewed as the most important honor in my life, like an academy award for Catholics!
With appreciation and thanks to Archbishop José H. Gomez, Dan Schwala, Fr. Marco Durazo and the Seminary Board for this recognition.
~Kathy Anderson
L-R Cesar Sepulveda, Matthew Hansen, Jimmy Ozaeta, Kathy Anderson, Tania Naaman, Anna-Marie Carpenter,
& Bonnie Peralta
Featured Funds
Make a Difference for Our Clients
Bishop David O’Connell Memorial Fund, FBO St. John’s Seminary
Hope for the Future Fund for the Exclusive Benefit of the Missionary Society
Development Department
Jimmy Ozaeta
Vice President of Development,
Assistant Treasurer
A charitable fund at CCF-LA is an easy way to accomplish your giving goals and manage your philanthropy.
Our solutions ensure that yourwishes are met now and in perpetuity. A few ideas are noted here, just call us for more information how you can maximize your giving potential.
As you consider your year-end tax situation, please keep in mind:
- You can make a tax-deductible gift to your DAF! You can give now and give later by accelerating your gift for tax purposes this year and deciding your beneficiaries at another time.
- You can make gifts from your IRA accounts if your are 70½.
- You can make memorial and honorarium gifts to charities of choice as a philanthropic option for Christmas giving.
- You can create a named Scholarship to benefit the school of your choice and create the criteria for the awards.
- You can create a named Designated Fund to benefit the charity of your choice and specify the purpose and conditions.
Join the CCFL-LA effort to spread the great joy of giving, please call us if you know an individual or an organization that can benefit from our philanthropic management solutions. We welcome your referral.
Honoring our Loved Ones During the Holidays!
Tania Naaman
Director of Client Services and Assistant Secretary
It’s October and my family is already starting to plan for the year-end holidays. My brother and his family are coming to LA this year, so we have much to do for Christmas and New Year’s. I’m taking Kathy’s advice and planning a meal with friends and family to honor my parents for All Saints Day on November 1st. When I think of my parents, I think of the values of integrity, generosity, and perseverance.
How are you going to honor your loved ones this year?
- You can make memorial and honorarium gifts to charities in their honor, perhaps as a philanthropic option for Christmas giving.
- You can create Scholarship named for a loved one and incorporate criteria that honors your loved one’s values.
- You can create a Designated Fund named for your loved one and benefiting their charity of choice.
Because of your generous contributions, CCF-LA granted $402 million since 2015 and 90% of the donations supported our Church, including Catholic school education. These are grants that have changed the lives of thousands.
Imagine the life-giving you will make when you give this year.
2023 Gift Type Deadline Chart
Gift Type
Deadline
Credit Card
December 31
Mailed check
Letter postmarked by December 31
Wire Transfer
Allow two to three business days. Please check with your financial institution. The wire must be received by CCF-LA by December 29, the last banking day of the year.
Stock Transfers
Allow two to three business days, may take longer based on year-end volume. Assets must be received by December 29.
Mutual Funds
Allow two to six weeks, longer if involving international funds. Assets must be received by December 29.
Physical Stock Certificates for Publicly Traded Companies
Allow six to eight weeks, very few transactions are with physical certificates.
Control and Restricted Stock
Processing times vary, allow six to eight weeks to have control and/or restrictions lifted to complete the sale.
Other illiquid assets including private company stock, hedge fund interests, private equity, real estate, etc.
Processing times may vary based on asset. To ensure proper processing, contact us by November 1. Assets must be approved by CCF-LA and transfer completed by December 29. For real estate, title must be recorded no later than December 29.
Bonnie is always on the go at CCF-LA!
Bonnie Peralta
Marketing Assistant
As we start to wrap up the last months of the year with celebrations and events you bet I’m busy! Coordinating the events that we want to support, the guest lists, lots of photos, and putting people’s names with their faces – this is the inner joy that comes with my role at CCF-LA.
Through our monthly newsletter we are able to relate these memorable moments to share with you!
Being the person that keeps the team on target for article deadlines empowers me to get our stories out to you, the reader, hoping that more people and families during this season might remember something they read in our newsletter and want to help others.
In a big way, I’m a keeper of the CCF-LA culture!
Two personal thoughts that tie into this newsletter:
1.My family recently had a Celebration of Life for my father. We displayed his instruments, music, cooking items, nature photography, and his art. These were the things that he loved. My kids and I all have the same interest. This was what we were exposed to. This sort of tradition was handed down, this was what we know and still lives in our home.
2.The Peralta Family Fund’s grant will be going to Homeboy Industries where the food is good, and where art is important for people to express.
Financial Market Updates
The Balanced Pool portfolio returned -3.92% (net of fees) in the month of September and +5.43% for the nine months ending September 30, 2023. The Intermediate Fund pool returned -0.66% for the month and +5.22% so far this year. The estimated annual yield on
the Short-Term Investment Fund account is currently +5.42%.
Capital markets declined further in September as a result of the Fed’s hawkish “higher for longer” stance and U.S. stock indices posted negative returns in September with the S&P 500 Index declining -4.8% for the month. Small cap stocks performed in line with large cap stocks and value stocks outperformed growth across the capitalization spectrum.Developed International Equity markets ended September with losses as the U.S. dollar rose. In Fixed Income, the Bloomberg US Aggregate Bond Index fell -2.5% in
September hurt by rising yields.
Please reach out to Armando Nevarez, our Controller and Assistant Treasurer,
with any questions.
Armando Nevarez
Controller and Assistant Treasurer
Events
18th Annual Los Angeles Catholic Prayer Breakfast
The 18th Annual Los Angeles Catholic Prayer Breakfast was held September 19th at the Cathedral of Our Lady of the Angels with our Jimmy Ozaeta attending. The Los Angeles Catholic Prayer Breakfast included a rosary and Mass at the Cathedral followed by breakfast on the plaza, a keynote address by Joe Sikorra focused on faith through adversity.
Saints Peter & Paul School: Friends & Benefactors Mass
Jimmy Ozaeta attended the Saints Peter & Paul School: Friends & Benefactors Mass and Reception Wednesday, October 4th at the Saints Peter & Paul School. Mass was followed by a reception with Fr. Claude, board members, and school leadership, to thank them for developing future leaders and promoting Catholic values.
Queen of Angels Center for Priestly Formation: Family Picnic
The Queen of Angels Center for Priestly Formation Family Picnic was held October 7th at the Queen of Angels Center.
Cesar Sepulveda our Summer CCF-LA Intern extended the invitation to his CCF-LA family with Jimmy Ozaeta and Bonnie Peralta joining in the fun. Cesar is in his final year at Queen of Angels and looks for forward to entering St. John’s Seminary next year.
Right to Life League: Bountiful Life Annual Gala
As the guest of CALL, Jimmy Ozaeta attended the Right to Life League Bountiful Annual Gala Saturday, October 7th held at the Pasadena Convention Center. Actor, Jim Caviezel gave an impactful keynote address that resonated with those in attendance.
Sister Mary Sean Runs a Marathon!
As a legacy runner with the LA Marathon for 23 years, I ran 10 other marathons, notably Oakland, San Francisco, Golden Gate, Long Island and New York City. My favorite was NYC because I ran through the five boroughs; my parents were from the Brooklyn Borough.
My marathon years began in 1980, when I taught at St. Elizabeth’s School in Oakland, with the Junior High Department team. I was invited to walk in the gym after school. I was very athletic in my own elementary and high school years (all our family were athletic and great swimmers.)
I immediately loved the walking and very soon began getting up at 4:30 a.m. with Sister Denise Lazaro to run in the high school yard, then to Lake Merritt - 3 miles away. I was good friends with Sister Marion Irvine, OP, a San Rafael Dominican who was ten years older and qualified for her age bracket for the 1984 Summer Olympics.
In 1982, I signed up for the Avon Run for Women. I was in the registration line behind a woman who was running her 11th marathon. I was in AWE!! And that was the beginning of my marathon “career”. Sister Kathleen Bryant, vocation director, for the Archdiocese of Los Angeles, initiated the RUN FOR VOCATIONS with the 1989 LA Marathon. We had a great team every year and our bright green shirts pointed us out in the crowd of runners. Glorious days!!!!!
Sister Mary Sean, a Dominican Sister is the Foundress, Partnership for Re-Entry Program of the Restorative Justice ministry of the ADLA. Please consider a gift to PREP’s account at CCF-LA in her honor. PREP
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The Catholic Community Foundation of Los Angeles empowers charitable individuals and organizations across cultures and generations through professional philanthropy management solutions that allow clients to develop and sustain their philanthropy in support of Catholic values.
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