To Foundation donors, fund advisors and friends regarding COVID-19

by Robert Heuermann, Executive Director

The COVID-19 outbreak and the unrest in the financial markets has caused concern for many of us and affected our everyday lives. The Catholic United Financial Foundation remains strong and efficient in managing the contributions and charitable funds you have entrusted to us. I encourage you to read the message from Harald Borrmann, CEO of Catholic United Financial and President of the Catholic United Financial Foundation Board for more information.

As a member of the Catholic United family, the Foundation is blessed to have the support and access to resources of Catholic United. The Foundation has worked alongside Catholic United to deploy the risk management activities related to our Business Continuity Plan. Also, the majority of our Fund’s assets are invested in Catholic United Financial annuities which remain a strong, prudent investment and continue to accrue value even during the current economic situation.

Please rest assured that the Foundation will continue to provide you the support and services you have come to expect even during this unprecedented crisis. We will remain open and available to you. We hope you will continue to contact the Foundation by email and phone with your needs and requests. We will keep you updated on all changes affecting your Funds entrusted to us.

May God bless you and keep you healthy.

This information is not intended to be a substitute for specific individualized tax advice. Discuss your specific tax issues with a qualified tax adviser to see if these strategies make sense for your unique situation.