Catholic Spirit: Financial adviser manages wealth for greater good

Two years ago, Mike Ricci, 54, began noticing a change in himself. It started when the then-partner and principal of the half-billion-dollar Minneapolis firm Vector Wealth Management watched his mother suffer from Alzheimer’s disease. Then, a client instructed him to do something he hadn’t done before…

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Catholic Spirit: Invitation, Community, Purpose Can Connect Millennials to Church

Catholic Spirit: Invitation, Community, Purpose Can Connect Millennials to Church

Passing on the faith to the next generation doesn’t happen automatically. Father Spencer Howe, the pastor of Holy Cross in Minneapolis, articulated that fact in leading a panel discussion on millennials for a crowd of more than 50 people Jan. 25 at St. Therese in Deephaven. He referred to Pope St. John Paul II’s words of each new generation being a “whole new continent that has never experienced Christ.”

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CCF Embarks on New Initiative: Impact Investing

CCF Embarks on New Initiative: Impact Investing

If you’re unfamiliar with the term “Impact Investing,” you’re not alone. As an approach to investments, it’s relatively new, but for the Catholic Community Foundation of Minnesota (CCF), it’s an idea whose time has come.

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Tax Change Considerations for 2017

Much is being written about the recent changes in tax law and how the changes will impact charitable giving. Though the extent of the implications are yet unknown, we offer three key points to consider before year-end…

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Letter From the President: Told in Memory of Her

Letter From the President: Told in Memory of Her

I’m humbled, once again, to share Catholic Community Foundation’s (CCF) financial success from the last year. In fiscal year 2017, CCF experienced record growth in assets of $45 million. At $318 million in total assets, we remain the nation’s largest Catholic community foundation — a fact we herald only because it reflects the immense generosity of this local community and propels our grantmaking efforts. Last year, we granted…

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Trends Up for Women’s Giving

Trends Up for Women’s Giving

Historically, women have given generously of their time and talent, but women’s ability to give financially is a more recent development. As women’s economic power and educational achievement grow, women are influencing household and economic decision-making and transforming the philanthropic landscape like never before. With women now controlling more than half of all U.S. wealth, trends in women’s giving…

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Letter From the President: A Beautiful Horizon

In July, I had the honor of attending the USCCB’s Convocation of Catholic Leaders in Orlando, Florida. The convocation focused on Pope Francis’ apostolic exhortation The Joy of the Gospel. In this document, our Holy Father instructs Christians to “appear as people who wish to share their joy, who point to a horizon of beauty.”

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Sharing Valuables, Sharing Values

Sharing Valuables, Sharing Values

When you think of writing your legal will, you probably think of meeting with an estate attorney to draft your last will and testament. These legal documents specify, among other things, your plans to leave the assets you’ve accumulated over your lifetime to your loved ones. Additionally, a legal will may also include your plans to make charitable gifts to specific charities or organizations in the community. In short, a legal will is about leaving your valuables to those persons or organizations you’ve cared about during your lifetime. But how do you make these decisions?

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20 Years of Serving the Mission

In August, Senior Accountant and Lead Financial Analyst, Becky Abbott, celebrated 20 years with the Catholic Community Foundation. Colleague Bill Marsella describes Becky as one of the Foundation’s private faces. “Her fingerprints are literally on every piece of paper that’s ever been important to the accomplishments of the Foundation over the last 20 years.”

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