Catholic Foundation for the Diocese of Tucson

What it reported doing in 2013

1 - catholic foundation accomplished programs dedicated to educating, motivating, and invigorating stewardship within the diocese of tucson. Through annual, major, and planned giving programs, the catholic foundation is able to garner resources in a fiscally transparent and responsible manner and distribute solicited gifts for the immediate and long term needs of the faith community of the diocese. The catholic foundation works to foster a faith community where its members prayerfully consider their stewardship responsibility and decide to commit a portion of their time, talent, and treasurers to serve the mission of christ.grants program - during the fiscal year ended december 31, 2013 the catholic foundation disbursed $3,110,472 in grants to parishes, schools, and other catholic ministry programs. Annual appeal the catholic foundation manages a robust annual appeal effort on behalf of the diocese of tucson. This effort, which raised $3,708,177 supports 26 diocesan level charities, ministries, and services essential to the pastoral needs of the diocese.endowment program the catholic foundation was designed to develop a means by which church needs could be met on a long-range, planned basis through an endowment program. The foundation has developed giving programs that allow people interested in making a lasting gift to do so with the assurance that the earnings from their donation will be distributed to religious, charitable, and educational programs within the diocese of tucson. The board of directors of the catholic foundation is called to exercise faithful, competent, and socially responsible stewardship in how it manages its financial resources. The foundation's endowment consists of approximately 79 individual funds established for a variety of purposes.charitable gift annuities for more than 25 years, the catholic foundation has maintained a successful charitable gift annuities (cga) program. During the past year, the foundation received one new cga account bringing the total number of cga accounts to 24.acts of the apostle society the acts of the apostle society was created to recognize those supporters who have made a provision for the catholic foundation and/or a parish, school, or any other catholic organization located within the diocese of tucson in their will or living trust, have established a charitable gift annuity, charitable remainder trust, or other type of planned gift of stewardship program. The catholic foundation provides education, training, and support to parish stewardship efforts within the diocese of tucson and works closely with pastors, lay ministers, and parishioners to encourage stewardship of time, talent, and treasurer as a way of life. Increasing a culture of stewardship within the diocese of tucson is a strategic priority.

Financial Efficiency

• Mission deployment rate: 72.9%; rating input score 73
• Program expense ratio: 90.5%; rating input score 90
• Fundraising efficiency: $43.58 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 92%; rating input score 92; 25th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 94.1%; rating input score 94; 26th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 25.9%; rating input score 87; 87th percentile among comparable filings
• Total-asset coverage ratio: 4.42; rating input score 83; 83rd percentile among comparable filings
• Liabilities to assets ratio: 0.4; rating input score 35; 35th percentile among comparable filings
• Officer compensation ratio: 2.4%; rating input score 72; 72nd percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 42.3% per year; rating input score 100; 95th percentile among comparable filings
• Asset growth: 9.2% per year; rating input score 100; 68th percentile among comparable filings