Annual Report

July 1, 2014—June 30, 2015

Message from the Board Chair and the Executive Director

We are pleased to present this Annual Report of the Catholic Foundation of Maine.

Our mission is to provide opportunities to financially support the vitality of parishes and other

Catholic organizations, institutions and ministries within the state of Maine now and in the fu-

ture.

We share the belief in the importance of building endowment funds that can provide a perma-

nent base so that our Church can thrive in worship, charity, and evangelization.

During our 2015 fiscal year, we worked to accomplish our mission in several ways:

Helped 2825 donors express their love for God and the Church through endowments and other planned gifts. This brings our total number of funds to 97.

Paid out over $890,000 to parishes, schools, and other beneficiaries as income from the endowments we steward.

Spread the word about the Foundation as the best vehicle for perpetual support for the Church, through meetings with pastors and parish Finance Councils, communication ma-terials, and personal consultation with individuals.

Benefited from the wisdom of Bishop Robert Deeley, J.C.D., the leadership of a knowl-edgeable and experienced Board of Directors drawn from parishes around the state, and the work of a dedicated staff.

The Catholic Foundation of Maine is a tax-exempt organization directly serving Catholics in

Maine. As you consider a legacy of sharing, particularly in the area of planned gifts, please con-

sider us an essential resource for information and assistance to you and your financial and legal

advisors

May God bless all those who brought the Foundation this far, and inspire ever-more Catholics to

use their gift of wealth to meet the needs of the Church in Maine.

William S. Richards Elizabeth Badger, MBA, AFP

Board Chair Executive Director

Rev. John Bapst, S.J. Legacy Society

The members of the Rev. John Bapst, S.J. Legacy Society have made gen-

erous “planned gifts” to the Catholic Foundation of Maine, including be-

quests through wills, designations through trusts or retirement plans,

gifts of life insurance, charitable gift annuities, charitable trusts, and life

estate gifts. These forward-thinking donors want to be sure that the

work of the Church continues in a vibrant way for many generations. If

you have included the Catholic Foundation of Maine in your estate plans

and are not listed, please contact us.

James E.* and Jeanne Bigelow (2014)

Roger and Eva Bouvier (2010)

Paul L. and Constance T. Brochu (2010)

Albert and Evelyn* Fortier (2013)

Normand D. Gagnon (2015)

Diane Desjardins (2015)

Rita M. Lambert (2013)

Tom Letourneau (2013)

Ronald and Rita Melendy (2010)

Rev. Armand R. Neault (2010)

Joseph and Katherine Pio (2010)

Sr. Mary Bonita Purnell (2010)

Rev. Robert V. Reagan* (2015)

Gerald and Ruth Vermette (2013)

Harold and Lucille Violette (2013)

* Deceased donor

Blue text = New planned gift

this Fiscal Year

New to the Rev. John Bapst, S.J. Legacy Society

7-1-2010 to 6-30-2015

For detailed information about the Catholic Foundation of Maine, the Foundation’s

endowment and other funds, and alternative opportunities for charitable planned

giving, please see our web site:

www.CatholicFoundationMaine.org

Catholic Foundation of Maine

Statement of Financial Position

As of June 30, 2015

Assets

Cash and cash equivalents ................................................... $509,611

Other receivable ..................................................................... $2,351

Investments .................................................................. $22,998,818

Pledges receivable, net ................................................. $1,085,453

Total Assets ......................................................................... $24,596,233

Liabilities

Accounts payable and accrued expenses .............................. $23,682

Due to RCBP ....................................................................... $ — 0 —

Amounts held for others ………………... ................................. $ — 0 —

Other liabilities ................................................................... $105,916

Total Liabilities ......................................................................... $129,598

Net Assets

Unrestricted ....................................................................... $154,374

Board Designated Endowment .............................................. $49,050

Temporarily restricted ..................................................... $3,043,357

Permanently restricted .................................................. $21,219,854

Total net assets .................................................................. $24,466,635

Total Liabilities and Net Assets ............................ $24,596,233

Alphabetical List of the Endowments of the

Catholic Foundation of Maine as of 3/1/2016

NAME OF ENDOWMENT LOCATION DESCRIPTION OF ENDOWMENT

All Saints Catholic School Endowment Bangor For general support.

Basilica of Saints Peter & Paul Maintenance Endowment Lewiston For general maintenance.

Blessed Teresa of Calcutta Parish Endowment Norway For general support.

Campus Ministry Endowment Statewide For general support.

Care and Well Being of the Sick and Poor Endowment Statewide Support of the care and well-being of the sick and poor. Administered by Catholic Charities of Maine.

Cathedral of the Immaculate Conception Church Endowment

Portland For general support.

Cathedral of the Immaculate Conception Church Endowment

Portland For general support through the Capital Campaign.

Catholic Charities of Maine Endowment Statewide For general support of Catholic Charities.

Catholic Elementary Schools Tuition Assistance Endowment

Statewide For tuition assistance in Maine Catholic elementary schools.

Catholic Foundation of Maine Endowment Statewide For general support.

Catholic Foundation of Maine Operating Endowment Statewide For operating support.

Cheverus High School Endowment Portland For general support.

Christ the Divine Mercy Parish Endowment Millinocket For general support.

Christ the King Parish Endowment Skowhegan For general support.

Clergy Healthcare Endowment in honor of Reverend Stephen F. Concannon

Statewide Support for healthcare costs of active and retired clergy of the Diocese.

Corpus Christi Parish Endowment Waterville For general support.

Daughters of Isabella (Maine State Circle) Endowment Statewide General support of Catholic ministry to the community served by the Daughters of Isabella, Maine State Circle.

Deacons Endowment established by Rev. Msgr. Charles M. Murphy

Statewide General support of deacons.

Deaf Ministry Endowment Statewide For general support.

Diocesan Construction (DICON) Endowment Statewide For general support.

Diocesan Development Endowment Statewide Support of diocesan development.

Diocesan Priests Health Endowment Statewide Support for priest’s health.

Diocesan Priests Pension Endowment Statewide Support for priest’s pension.

Frenchville Christian Life Center Endowment Frenchville For general support.

Formation of Priests Endowment Statewide Support for formation of priests.

NAME OF ENDOWMENT LOCATION DESCRIPTION OF ENDOWMENT

Good Shepherd Parish Endowment Saco For general support of parish needs.

Harvest Magazine Endowment Statewide For support of Harvest magazine.

Holy Cross Church Maintenance Endowment Lewiston Supports maintenance.

Holy Cross School Endowment South Portland For general support.

Holy Family Parish Endowment Greenville For general support.

Holy Martyrs Church Care and Maintenance Endowment Falmouth Support for care and maintenance.

Holy Rosary Church Endowment Caribou General support of Catholic ministry to the community.

Holy Savior Parish Endowment Rumford Support of faith formation, youth ministry, and local Catholic education for the community.

Holy Spirit Parish Endowment Wells For general support.

Hospital Ministry Endowment Statewide For general support.

Immaculate Heart of Mary Parish Endowment Auburn General support for Immaculate Heart of Mary Parish.

James L. and Jeannine A. Williams Endowment Statewide Established by the Williams family to support Catholic ministries and projects.

Joseph L. W. Quirion Endowment in memory of Marc Steven Quirion for St. Michael School

Augusta For the benefit of St. Michael School for tuition, transportation, and other needs.

Lay Continuing Education Endowment Statewide General support of continuing education for laypeople.

Lila Grace Sullivan Amirault Scholarship Endowment Statewide Scholarship for Maine Catholic high school seniors.

Maine Diocesan Council of Catholic Women Endowment Statewide For general support.

Maine Knights of Columbus Endowment Statewide For general support.

Maine Right to Life Endowment Auburn For general support.

Marie Joseph Spiritual Center Endowment Biddeford For general support.

Martin and Constance Rioux Memorial Endowment Statewide Support of family life with a Catholic orientation, with emphasis on families in financial need and secondarily on family life skills education such as marriage preparation and enrichment.

Mercy Hospital Endowment Portland For general support.

Missionary Work Endowment Statewide General support of missionary work.

Mount Merici Academy Endowment Waterville For general support.

Multicultural Ministry Endowment Statewide General support of multicultural ministry.

Nativity of the Blessed Mary Church Endowment Presque Isle For general support.

Notre Dame du Mont Carmel Parish Endowment Madawaska For general support.

Notre Dame Institute Endowment Alfred For general support.

Our Lady of Hope Parish Endowment Portland For general support.

NAME OF ENDOWMENT LOCATION DESCRIPTION OF ENDOWMENT

Our Lady of Holy Hope Church Endowment Castine For general support.

Our Lady of Perpetual Help Parish Endowment Windham For general support.

Our Lady of the Angels Church Endowment Berwick For general support.

Our Lady of the Lakes Parish Endowment Oqussoc For general support.

Our Lady of the Rosary Parish Endowment Sabattus For general support.

Our Lady of the Snows Parish Endowment Dover Fox-croft

Support for property maintenance.

Our Lady of the Valley Parish Endowment St. Agatha For general support.

Parish of the Precious Blood Endowment Caribou General support for the needs of Parish of the Precious Blood.

Parish of the Resurrection of the Lord Endowment Old Town For general support.

Parish of the Transfiguration of the Lord Endowment Bar Harbor For general support.

Patricia Siviski Music Endowment for Sacred Heart Church

Falmouth Donor advised fund supporting the music ministry.

Presence Radio Endowment Statewide For general support. Established by Daughters of Isabella.

Prison Ministry Endowment Statewide For general support.

Project Rachel Endowment Statewide For general support.

Raymond R. Bedard Endowed Family Scholarship to St. Dominic Academy

Auburn Scholarships providing assistance to students attending St. Dominic Academy.

Rev. Louis Phillips Endowment for Catholic Education Statewide Tuition support for students attending a Maine Catholic school.

Rev. Stephen F. Concannon Endowment for Social Justice and Peace

Midcoast Maine

Support for the special needs.

Sacred Heart Church Endowment in memory of the Stevens and Archambault families.

Yarmouth In support for building maintenance and related expenses.

Scholarship Endowment for Catholic Elementary Education in memory of Gloria Towle

Statewide General support for Catholic elementary education in memory of Gloria Towle.

Scholarship Endowment for St. Dominic Academy established by Dolard and Priscilla Gendron

Lewiston Established by Dolard and Priscilla Gendron and providing scholarship support for students who are from Prince of Peace Parish and are attending St. Dominic Academy at the Holy Cross Campus.

Scholarship Endowment for St. Dominic Academy in honor of G. Michael Welch

Auburn Scholarship awards to high school level students of St. Dominic Academy.

Scholarship Endowment for St. Dominic Academy in honor of Moira H. Fuller and Robert G. Fuller, Jr.

Auburn Scholarship awards to high school students of St. Dominic Academy, based on academic merit and financial need.

Scholarship Endowment for St. Dominic Academy in memory of Adrienne Richard

Auburn Scholarship awards to high school students of St. Dominic Academy who demonstrate financial need, academic potential and community service.

Scholarship Endowment for St. Dominic Academy in memory of Anne Elizabeth Murphy Lampal

Auburn Scholarship awards to high school juniors and seniors at St. Dominic Academy, who demonstrate financial need and show academic promise and a commitment to enriching the community of St. Dominic Academy.

NAME OF ENDOWMENT LOCATION DESCRIPTION OF ENDOWMENT

Scholarship Endowment for St. Dominic High School in memory of Paul and Florence Michaud

Auburn Scholarship awards to high school level students of St. Dominic Academy based on financial need.

Scholarship Endowment for St. John Catholic School in memory of Grace M. J. Brescia

Brunswick Scholarship awards for 6th, 7th, and 8th grade students at St. John Catholic School, based on financial need, academic merit, and volunteer service.

Scholarship Endowment for Vocations in memory of Rev. Romeo St. Pierre

Old Town Farmington Caribou

Scholarship awards for men and women pursuing a Roman Catholic vocation.

Scholarship Endowment in memory of Charles and Retia Russell

Brewer Scholarship award for high school seniors of St. Joseph Church, attending a college or university.

Scholarship Endowment in memory of Rev. Richard A. Nadeau

Limerick Scholarship awards for high school seniors of St. Matthew Parish, attending a college or university.

Seminarians Education Endowment Statewide Support for academic and living expenses for seminary students. Established in memory of Mark E. Eichten.

Seminarians Endowment Statewide General support of seminarians.

St. Agnes Cemetery - Perpetual Care Endowment Island Falls For general support.

St. Agnes Parish Endowment Fund Island Falls For general support.

St. Agnes Parish Endowment Pittsfield, ME For general support.

St. Anthony Franciscan Friary & Guesthouse Endowment Kennebunk For general support.

St. Anthony of Padua Parish Endowment Jackman For general support

St. Anthony of Padua Parish Endowment Westbrook For general support.

St. Bartholomew Parish Endowment Cape Elizabeth For general support.

St. Benedict Parish Endowment Benedicta For general support.

St. Benedict Parish Endowment Benedicta For general support through the Capital Campaign.

St. Brendan the Navigator Parish Endowment Belfast For general support.

St. Brendan the Navigator Parish Endowment Belfast For general support through the Capital Campaign.

St. Charles Borromeo Church Endowment Brunswick General support of Catholic ministry to the community.

St. Christopher Parish Endowment Peaks Island For general support.

St. Dominic Academy Tuition Assistance Endowment Auburn Tuition assistance to high school students.

St. James School Endowment in memory of Wilfrid J. and Pauline Moisan Fortier

Biddeford For general support.

St. John Catholic School Endowment Brunswick For general support.

St. John Catholic School Endowment Brunswick For general support.

St. John Church Endowment Bangor For general support.

St. John Regional Catholic School Endowment Winslow For general support.

NAME OF ENDOWMENT LOCATION DESCRIPTION OF ENDOWMENT

St. Joseph Church Endowment in memory of Wilfrid J. and Pauline Moisan Fortier

Biddeford For general support.

St. Joseph Church Endowment in memory of Gloria T. Andrle

Brewer For general support.

St. Joseph College Endowment Standish For general support.

St. Joseph Parish Endowment Bridgton For general support.

St. Joseph Parish Endowment Farmington For general support.

St. Joseph Parish Building Endowment Gardiner Support for building maintenance and related expenses.

St. Joseph Parish Endowment for St. Dominic Academy Lewiston General support of elementary level education.

St. Kateri Tekakwitha Parish Endowment Calais For general support.

St. Leo the Great Parish Endowment Howland For general support.

St. Martha Church Endowment in memory of Dr. Leandre R. and Jeannine L. Charest

Kennebunk For general support.

St. Martin of Tours Church Elevator Endowment Millinocket Support of maintenance of the elevator.

St. Martin of Tours Church Endowment Millinocket For general support.

St. Mary of Lourdes Parish Endowment Lincoln For general support.

St. Mary of the Visitation Parish Endowment Houlton For general support.

St. Maximilian Kolbe Parish Endowment Scarborough For general support.

St. Michael Parish Endowment Augusta For general support.

St. Michael School Endowment Augusta Tuition assistance.

St. Peter Chanel Parish Endowment Van Buren Support for property maintenance.

St. Peter Church Endowment E. Millinocket For general support.

St. Peter the Fisherman Parish/Sacred Heart Church Endowment in memory of Joe Anderson

Lubec General assistance/maintenance.

St. Raphael Church Endowment Kittery For general support.

St. Rose of Lima Parish Endowment Jay For general support.

St. Rose of Lima Parish Endowment Jay For general support through the Capital Campaign.

St. Therese of Lisieux Parish Endowment Sanford For general support.

Stella Maris Parish Endowment Bucksport For general support.

Tuition Assistance for St. John Regional School in memory of Evelina and Joseph O. Lachance

Winslow Tuition assistance.

Vocations Endowment Statewide General support of vocations.

Youth Ministry Endowment Statewide General support of youth ministry.

Zock Endowment Statewide Donor Advised-To assist the Companions of Clare serving retired nuns in Maine.

A Father’s Love...

For Joseph Quirion, a good education has never been something to be taken lightly. Leaving school in the seventh grade to help support his family, it wasn’t until joining the Armed Forces that he would complete his schooling, going on to earn both a bachelor’s and a master’s degree. That would lead to a 30-year career at the Department of Veterans Affairs in Augusta, where he became the head of educational and vocational therapy. Quirion describes himself as a teacher, who encouraged and assisted others to get their GEDs and to go on to college and new careers. Joe and his wife, Louise, passed on their Catholic faith and their belief in education and in helping others to their sons. Jeffrey, Brian, Glenn, and Marc all attended Saint Augustine School, which merged with Saint Mary School in 2007 to form Saint Michael School in Augusta. Much like his father, Marc committed his life to helping others improve theirs. Marc, who earned bachelor’s and master’s degrees, as well as a doctorate, became a licensed clinical social worker. He worked intermittently at the Riverview Psychiatric Center in Augusta, served as a psycho-social evaluator at the Cumberland County Jail, and operated a private counseling practice in the Portland area. Also a gifted chef and baker, he would later work with his brother Glenn at Sweet Tooth Boston. Marc then donated his time to counsel people in the Boston area who were struggling with substance abuse. When Marc died in March 2015 following a long illness, his father wanted to honor the memory of his son by supporting Catholic education and continuing their shared commitment to helping others. It led to the establishment of an endowment for Saint Michael School. The Joseph L. W. Quirion Endowment in memory of Marc Steven Quirion is designated for tuition, transportation expenses, and related expenses, as needed. The endowment is managed through the Catholic Foundation of Maine, an independent, non-profit organization that works in cooperation with the Diocese of Portland. The Foundation’s mission is to financially support the vitality of parishes and other Catholic organizations, institutions, and ministries within the state of Maine, now and in perpetuity. Currently, the Foundation manages 114 funds, as well as charitable gift annuities, gifts of insurance, retirement funds, and bequests. The Joseph L. W. Quirion Endowment is open to bequests and additional donations. It is a wonderful way to help share a father’s love this Christmas season

A gift from “away”

Just a few months ago, the Catholic Foundation of Maine received a lovely gift. Following her husband’s wishes,

Mrs. Jeanine Anderson of Florida opened a new endowment. This new endowment, the St. Peter the

Fisherman Parish/Sacred Heart Catholic Church (Lubec) Endowment in memory of Joe Anderson is a testament

that even when you leave Maine, you never leave Maine behind.

Joseph Anderson -“Joe” to his friends, was raised in the Lubec area and attended Sacred Heart Catholic Church

while growing up there. Eventually, he moved away from Maine and lived in Florida with his wife Jeanine. After many happy years together, Joe passed away on

August 4, 2014. While Jeanine misses her husband dearly, she knows that his soul has passed into heaven

where they will be united again.

Joe’s legacy lives on in the endowment that he initiated. Sacred Heart Church and St. Peter the Fisherman Parish

will benefit from his and Jeanine’s generosity for numerous years to come. This endowment will produce dividends that will go directly to the parish church needs

annually.

If you would like to learn more about giving to the St. Peter the Fisherman Parish/Sacred Heart Catholic

Church (Lubec) Endowment in memory of Joe Anderson, or any of the other endowments of the Catholic

Foundation of Maine,

CATHOLIC FOUNDATION OF MAINE BOARD OF DIRECTORS

Most Reverend Robert P. Deeley, President

William Richards, Chair James Hanley, Vice Chair

Anna Lyon, Secretary David Twomey, Treasurer

Frank Dillon Patricia Phillips-Doyle

Msgr. Andrew Dubois Reverend Bruce Siket

Ralph Good Mariellen Whelan

Daniel Mitchell Lila White

Doris Ouellette Eric Wycoff

Catholic Foundation of Maine P. O. Box 799

Portland, Maine 04104-0799

Elizabeth Badger, MBA, MEPC, AFP

Executive Director (207) 321-7820 elizabeth.badger@portlanddiocese.org

L to R

Janet Courtois, Campaign /Foundation Specialist

(207) 321-7871

Ellen Byrne, Finance and Campaign Specialist

(207) 321-7802

www.catholicfoundationmaine.org