How the Tax Code Has Impacted Charitable Giving

The U.S. federal tax code underwent massive changes in 2018. Because of these changes, many folks found they weren’t getting the refund amount they normally did. In some cases, people who typically received a refund actually owed the IRS.

One concern about these changes was that charitable giving would decrease. And it did, among folks who give less than $5,000 per year. They knew they weren’t going to see a tax benefit from their contributions due to the high standard deduction, so many withheld their giving.

The good news is that many people who give significant amounts each year continued giving — and even gave more than usual in order to get full tax benefits with the new standard deduction. This is what we call “bunching” — and it’s a strategy from which more taxpayers could benefit.

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Meet Our Executive Committee

A considerable factor in the Catholic Community Foundation’s (CCF) ability to facilitate “smart philanthropy” is its board of directors. “All 25 members are inspired by their Catholic faith,” says CCF President Anne Cullen Miller, “and all bring an incredible breadth and depth of expertise and experience to help drive strategy.”

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Catholic Spirit: Communicating Catholic education benefits

Catholic schools’ combination of quality education and faith formation brings value to students, parishes and the wider community, but financial and social barriers to Catholic education remain for some families, including a growing Latino population, experts noted at a June 25 forum on education sponsored by the Catholic Community Foundation of Minnesota. The forum was held at Cretin-Derham Hall high school in St. Paul and drew 90 pastors, donors, school administrators, educators and community leaders. It was part of CCF’s ongoing “Giving Insights” series, which explores the impact of Catholic philanthropy on the community…

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10 Compelling Quotes from the Third Vatican Conference on Impact Investing

10 Compelling Quotes from the Third Vatican Conference on Impact Investing

About this time last year, a curious envelope from His Eminence, Cardinal Peter K.A. Turkson arrived at CCF’s office. Addressed to CCF President Anne Cullen Miller, the envelope contained a humbling invitation to attend the Third Vatican Conference on Impact Investing to take place in July of 2018. The conference convened brilliant minds from around the globe, all seeking innovative ways to…

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8 Highlights from the 2019 Investment Conference

8 Highlights from the 2019 Investment Conference

Weeks of bitter cold, heavy snowfall, and canceled meetings didn’t keep 234 individuals from gathering for the Catholic Community Foundation’s (CCF) annual Investment Conference. The event, held on February 13, 2019, convened professional advisors, parish business administrators and trustees, and philanthropists to explore how CCF manages and invests donors’ and parishes’ assets with a Catholic heart.

A variety of speakers delivered updates on the foundation, our investments, and the economic outlook during the two-hour program. These included CCF’s own Anne Cullen Miller and Mike Ricci, Ascension Investment Management (AIM) chief investment officer David Erickson, and economic commentator Jim Paulsen.

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Let’s Not Miss “The Opportunity of a Generation”

On February 19, 2019, the Minnesota Catholic Conference gathered hundreds of Catholics at our state’s capitol to advocate for policies that uphold the values of our shared faith. This event is called Catholics at the Capitol, and the energy of the attendees was palpable as they prepared to discuss a wide variety of important topics with their state representatives. One legislative initiative that could have a tremendous impact on our faith community involves the impending transfer of wealth. Over the next 20 years, an estimated $47.9 billion in wealth will transfer from…

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Catholic Spirit: Catholic foundations show continued growth throughout 2017-2018

Catholic Spirit: Catholic foundations show continued growth throughout 2017-2018

Amid worry that bad news about the Catholic Church and the clergy abuse scandal could impact Catholic giving, one financial expert just published a paper with a different story. Walter Dillingham, a Catholic, who is managing director of endowments and foundations at a New York firm that helps nonprofits manage their finances, has released a study that shows Catholic foundations have been growing — and multiplying — at near-record rates over the past two years…

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Letter From the President: Extending the Invitation to the Table of Plenty

Here at the Foundation, we understand that our work must build community. We seek to invite everyone in our faith community to this table of Catholic philanthropy, this table of plenty — philanthropists, leaders, grantees, and the most vulnerable.

It’s a privilege to share with you just how far our invitation to the table of plenty extends: from a small town where one person’s dream has created a valuable resource that’s empowering an entire community to a small school that welcomes low income and refugee families seeking a Catholic education for their children. It even extends beyond our lifetime, providing perpetual support for valuable missions and ministries through the power of endowment.

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Are Endowments Catholic?

Our call to stewardship goes beyond generous giving of our time, treasure, and talent. The U.S. Bishops’ Pastoral Letter on Stewardship says, “as Christian stewards, we receive God’s gifts gratefully, cultivate them responsibly, share them lovingly in justice with others, and return them with increase to the Lord.”

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