None of us will forget 2020 anytime soon. The pandemic, together with the social unrest in the wake of George Floyd’s unjust death, have taken a heavy toll. At the same time, I’m very proud of how our Catholic community has responded. In the midst of dual crises, in a time of fear and uncertainty, we have come together to help our neighbors and support Catholic organizations.
“Good investment strategy together with good grant allocations to the community have contributed to the strength of CCF.” — Tom Gainor, Past Board Member
Fiscal year 2020 was yet another year of growth for the Catholic Community Foundation of Minnesota (CCF). We opened 68 new funds, growing our assets under management to $387 million — a growth of $21 million.
Lauren Barron is an attorney in the Private Client Group of the law firm Faegre Drinker Biddle & Reath LLP, where she advises on trusts, estates, and tax matters. Lauren attends Saint Anne’s parish in Hamel, MN, and her children attend Providence Academy in Plymouth, MN. Below, she highlights key changes to inherited IRAs to keep in mind when estate planning.
Nicole M. Flaherty Cropper is an attorney at Fafinski Mark & Johnson, P.A. in Eden Prairie, where she specializes in trusts and estates. Nicole and her family are members at All Saints Catholic Church in Lakeville, Minnesota, where she grew up. Below, Nicole helps us better understand estate planning by answering your most common questions.
Jesus knows us well. He knows our tendency to overcomplicate things, to overload our calendars and overburden our minds. So for our happiness and his glory, he simplified all of religious law and gave us this one directive: love God above all things, and love your neighbor as yourself.
Over the last few months, we’ve witnessed our community embracing the simplicity of the golden rule in new and generous ways.
Thanks to you, the Catholic Community Foundation of Minnesota was able to grant more than $18M to our community in the 2020 fiscal year. This is only possible with your support. We are so grateful to you.
As we head into the holiday season and you consider your charitable giving for the end of this taxable year, please keep the following in mind.
A good estate plan has the bones to hand down the things you’ve worked hard for in life and to plan a proper funeral. A great estate plan has the brains to consider how your affairs are handled and how assets are distributed. But a Catholic estate plan ensures your legacy lives on — it has a heart. A Catholic […]
The Catholic Community Foundation of Minnesota (CCF) is happy to announce the promotion of Meg Payne Nelson to the newly established role of Vice President of Impact. Meg has served CCF’s mission for the last five years as Program Officer. In her new role as Vice President of Impact, Meg will oversee CCF’s grantmaking strategy, including charity screening, impact goal […]
Some of the best tools for planning for retirement are pre-tax retirement accounts. Your income goes directly into these funds, without being taxed, and then grows tax free for years. You don’t have to worry about paying taxes on these accounts until you start withdrawing the money during retirement. But, all good things must come to an end. So, tax law requires that you…