Catholic Investment Services Announces the Election of Two New Board Members
New Trustees bring deep leadership experience as Catholic fiduciaries.
Boston, MA. Catholic Investment Services (CIS) announced today the recent election of Sister Irene O’Neill, CSJ, and David Taiclet to its Board of Trustees. This brings the number of board members to nine.
Sister Irene O’Neill is a Sister of Saint Joseph of Carondelet and President of Sisters Rising Worldwide. David Taiclet is Managing Partner for Lewis & Clark Partners, a leading sustainable food and agribusiness investment group based in St. Louis.
“Sister Irene and Dave Taiclet bring a wide range of expertise to the CIS Board of Trustees,” said CIS Board Chair Scott Malpass, “and we are very lucky to have individuals of this caliber and stature volunteer their time to serve on our board and support the mission of CIS.”
Sister Irene founded Sisters Rising Worldwide, which uses an innovative technology platform to help more than 650,000 Catholic Sisters overcome the challenges of geography, language, and separate congregations to effectively share ideas and strategies and support their life changing work in over 190 countries. Sister Irene previously served as Chair of the Bethlehem University Foundation, a Regent for Bethlehem University in Palestine and a Trustee for Avila University.
David Taiclet has achieved success in private market investing as both a general partner and the CEO of a series of successful food and agribusiness companies, including some noteworthy turnarounds. After graduating from the University of Notre Dame and before entering Harvard Business School, Dave served on active duty for four years as a Captain in the 4th Infantry Division of the United States Army. Dave has been an active Catholic fiduciary, including service as Trustee and Chair of the Investment Committee for Saint Mary’s College.
About Catholic Investment Services
Catholic Investment Services was founded by Scott Malpass, the retired Chief Investment Officer for the University of Notre Dame, and Jack Brennan, the former Chairman and CEO of Vanguard, to address the investment challenges faced by Catholic organizations. CIS is a Catholic nonprofit providing investment solutions for other Catholic nonprofits and their investment consultants, and now manages almost $1 billion of client assets in five different strategies. CIS is distinct in the investment world for its commitment to advancing both Catholic principles and investment excellence; its passion for helping Catholic institutions sustain their vital work; and its diligence in providing sophisticated investment solutions and exceptional client service.
Chief Executive Officer
CIS Completes Fundraising for Second Catholic Impact Fund
BOSTON, MA – June 7, 2023 – Catholic Investment Services (CIS) announced today that it has taken another major step forward in its private market strategies for Catholic institutional investors through a significant subscription in a newly closed $370 million impact fund.
The CIS Catholic Impact Fund II (CIF II) has subscribed for $58.7 million, or approximately 16%, of total committed capital for the Hamilton Lane Impact Fund II (HLIF II), which recently held its final close for $370 million.
Using a Catholic lens, CIF II will invest in businesses globally, notably those that focus on clean energy transition, sustainable processes, health and wellness, and community development. HLIF has made a total of nine investments thus far, and while not necessarily indicative of future results, has had strong performance out of the gate, breaking the “J-curve” in just three quarters.
“We are excited by the high level of interest shown by Catholic institutions in our second impact strategy” said CIS CEO Tom Lanctot. “We are investing in companies that not only are doing great things for the world, but are also great businesses offering Catholic institutions potentially attractive investment returns.”
CIS provides investment management solutions for a wide variety of Catholic organizations and their consultants/advisors, including dioceses, religious orders, educational institutions, social service providers, healthcare systems and foundations. All of its investors are non-profits.
Please note CIS Catholic Impact Fund II is closed and no longer available for new investments.
About Catholic Investment Services
CIS is a non-profit, SEC registered investment advisor that manages endowment, foundation and pension assets for Catholic organizations. CIS seeks to deliver strong investment returns aligned with Catholic principles so Catholic organizations can make a bigger impact in their communities. CIS was founded by some of the investment industry’s most respected leaders to address the investment challenges faced by Catholic organizations. CIS has over $900 million in assets under management. www.catholicinvest.org
Statements contained in this release that are not historical facts are based on current expectations, estimates, projections, opinions and/or beliefs of the Fund’s general partner. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Moreover, certain information contained in this release constitutes “forward-looking” statements, which can be identified by the use of forward-looking terminology such as “may,” “will,” “seek,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of the Fund may
differ materially from those reflected or contemplated in such forward-looking statements. This document does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations.
As a non-profit investment manager, our team has always been focused on being a champion to the non-profit institutions and board members we serve. We are excited to launch Sustainable Grace, which will be an insightful conversation, and another resource we provide through the CIS Institute. Sustainable Grace will explore the latest capital market and investing ideas, through our Manager in Focus series, we’ll also discuss best practice ideas including board & committee governance, advancement and stewardship, as well as endowment management; in our Principles in Focus series, additionally we’ll feature some of the amazing ministry of the non-profit institutions we serve and ways for the Catholic community to get involved; part of our Mission in Focus series. Our Institute has always served as a resource for many, Sustainable Grace will be a great addition and continue to provide insight through plain English conversations from industry professionals and those who have traveled the path before.
This year’s celebration of National Catholic Schools Week (Jan. 31 to Feb 6) is particularly meaningful as we honor the incredible work that America’s Catholic teachers, administrators and staff have done to nurture their students throughout this difficult pandemic.
All of us at Catholic Investment Services are proud to support Catholic educational institutions as they strive to remain financially resilient so they can continue their vital missions long into the future.
About CIS today
Catholic Investment Services (CIS) is distinct in the investment world for several reasons: our commitment to advancing both Catholic principles and solid investment performance; our passion for helping clients sustain their vital work; and our diligence in providing sophisticated investment solutions and exceptional client service.
But, what truly makes us different is our firm alignment with our clients. We share their Catholic faith and understand their challenges. Like them, we are a non-profit, and thus driven solely by their success. We also share their devotion to effecting positive change in our world, community by community.
From our board of trustees, to our firm’s leaders and team, to our fund investment partners, we are unified in our mission: to build long-term prosperity for Catholic institutions so they can endure and serve well into the future.
For more information please visit: catholicinvest.org
As Pandemic Puts Greater Financial Pressure on Catholic Institutions, Faith-Forward Investment Firm Builds, Unveils Unique Educational Web Site
BOSTON, MA – September 30, 2020 – For the past seven years, non-profit Catholic Investment Services (CIS) has been helping Catholic institutions fortify their finances by offering investment strategies that strive for growth while staying true to religious principles. Now, responding to the pandemic’s severe impact on the finances of all Catholic institutions, CIS has launched a new web site with a range of e-books, guides, articles, webinars and best-practice resources – all tailored for those leading Catholic institutions through challenging times and beyond.
“The pandemic has hit our clients very hard because they are being called upon to help more people and communities, even as some funding sources have been disrupted,” said Tom Lanctot, Chief Executive Officer of CIS. “When our team saw how the crisis was escalating this spring, we launched an all-hands-on-deck effort to create relevant educational resources to help our clients – and all Catholic institutions – protect the funds that sustain their missions.”
The centerpiece of this educational initiative is the CIS Institute, which speaks directly to the financial questions and concerns of Catholic institutional leaders. The Institute features such resources as:
- An investment governance eBook;
- A private equity 101 guide;
- Perspectives on the investment implications of the Laudato Si of Pope Francis;
- Economic and investment commentary; and
- Articles featuring leaders of Catholic organizations across the nation.
The CIS Institute also hosts replays of topical webinars the CIS team developed and delivered throughout the year.
“Educating our clients has always been in our DNA, because we know that Catholic institutions have investment needs and questions that are unique,” said Investor Relations professional Jeremy Taylor, CFA who led the creation of the CIS Institute and new web site. “The coronavirus challenged our team to create a lot of great material, very quickly – and the result is a web site that we hope will become the first destination for Catholic leaders seeking relevant investing ideas.”
About Catholic Investment Services (CIS)
Catholic Investment Services is a non-profit firm created in 2014 by Scott Malpass, former Chief Investment Officer for the University of Notre Dame, and Jack Brennan, former chairman and CEO of The Vanguard Group. CIS currently manages about $750 million in assets for Catholic-affiliated endowments, pension funds and other non-profit organizations.
Last week, the $69 billion private equity firm Hamilton Lane closed a $95 million impact fund targeting health and wellness, energy and environment, community development and financial empowerment.
Catholic Investment Services, a nonprofit investment advisor that manages roughly $650 million in Catholic assets, invested $24 million on behalf of its clients via a pooled feeder fund, ImpactAlpha has learned.
The structure gives CIF “individual opt out rights” on each deal in the portfolio, according to the advisor.
“We saw interest from faith-based investors seeking to align their capital with their mission,” a spokesperson for Hamilton Lane told ImpactAlpha. “While the Hamilton Lane Impact Fund does not have a specific Catholic lens, many of the goals are already very similar.”
Catholic invest/divest. Last month the Vatican urged Catholic congregations to “shun companies that are harmful to human or social ecology, such as abortion and armaments, and to the environment, such as fossil fuels.” More than a dozen congregations of Dominican sisters announced a pooled investment of $46.6 million to seed two new Climate Solutions Funds. More than 20 Catholic institutions with $40 billion in assets have signed the Catholic Impact Investing Collaborative’s impact investing pledge.
More at ImpactAlpha
DISCLOSURE: This material is for informational purposes only and does not constitute an offer of investment management or investment advisory services by CIS or any of its affiliates. Any such offer may be made only by way of delivery of certain disclosure materials relating to CIS and its investment process. Alternative investing is speculative and involves substantial risk, including the possible loss of the entire amount invested. No assurance can be given that any investment account managed or advised by CIS will achieve its objectives or avoid losses. Past performance is not necessarily indicative of future results, and the performance of any investment account managed or advised by CIS could be volatile.
America’s all-girl Catholic high schools are well-known for delivering a spiritually enriched liberal arts education that produces solid, broad-minded graduates. And now, that reputation is being reimagined – as a platform for top-quality science, technology, engineering and math (STEM) learning – thanks to Fontbonne Hall Academy in Brooklyn and its hard-charging, visionary principal, Mary Ann Spicijaric.
Mary Ann’s journey to becoming a Catholic education trailblazer began at co-ed St. Francis Preparatory School in Queens, New York, when a teacher inspired her fascination with chemistry. Upon graduation, Mary Ann had in mind two possible careers – to go into medicine or become a teacher. She was leaning toward the latter course, and pursued her Bachelor of Science in Teacher Preparation (Specializing in Chemistry) at Manhattan College in the Bronx. Then, a fortuitous student-teaching assignment at the acclaimed Bronx High School of Science inspired Mary Ann to devote her life to helping young people achieve their full potential.
Guided by her Catholic school experience, her first position after college was back at her alma mater, St. Francis Prep. There she distinguished herself as a science teacher, director of the school’s science research program, and chair of its science department. She would go on to earn a Master of Science in Secondary Education from Fordham University and a Specialist Diploma in Administration and Supervision from Queens College. Under her guiding hand, St. Francis Prep became the only Catholic school to become a semi-finalist in the Intel Science Talent Search, America’s most prestigious pre-college science competition.
In 2013, providence presented Mary Ann with an irresistible opportunity: to become principal of the all-girl Fontbonne Hall Academy, and to transform it into an institution with an outstanding STEM offering. Fontbonne was founded by the Sisters of St. Joseph in 1937 as a finishing school for girls. Within its impressive European-style façade, many generations of girls have gained a quality liberal arts education with a strong emphasis on tradition and Catholic faith. The Sisters of St. Joseph of Brentwood, Long Island, who sponsor Fontbonne, sought out Mary Ann because she was uniquely qualified to preserve the uniqueness of the school’s history while transforming it to better prepare graduates for tomorrow’s careers. Specifically, they wanted her help in meeting a new reality: About two-thirds of all careers now involve some form of science, technology, engineering and math. Mary Ann was eager to elevate the school’s STEM capabilities, and her educational philosophy aligned perfectly with Fontbonne’s: to develop confident young women who can think critically, analytically and creatively and who possess the desire to continue learning throughout their lives.
When Mary Ann stepped into the principal’s role, the infrastructure for a strong STEM curriculum had yet to be built out. The school had no email system or wi-fi network, the science labs were outdated, few faculty members were skilled in using the latest technology. A new director of technology arrived the same year, which helped to accelerate the build-out of key technologies, such as a Chromebook mobile computer program. Even more momentous was a connection made with Google, thanks to one of Mary Ann’s former students. Google was working on a secret application, one that they hoped would transform America’s classroom, and they chose Fontbonne as the first full school to test their invention. The application was ultimately revealed to be Google Classroom – a digital hub for online learning and classroom management – and its implementation at Fontbonne was the turning point both for the staff and the school’s emergence as a STEM education leader.
The STEM fields are so broad and complex that it takes great teachers and excellent facilities to deliver a well-rounded experience. Mary Ann’s vision has been to immerse students in the most exciting concepts, technologies and innovations available today. The school has built a Fabrication Lab (the Fab Lab), a high-tech space where students can experiment with drones, robots and virtual reality tech, among other things. There is now a three-year Science Research Program and a total of 17 advanced placement (AP) courses. The school also has formed a bond with Brown University, whose professors teach pre-engineering courses via video. These and other STEM-oriented advancements are taking place even as the school sustains thriving programs for religion, language, visual arts, social studies and athletics, among others.
These major enhancements to the school’s staff, programs and facilities have required significant investments. But, the school’s funding is largely borne by student tuition, which each year falls about $4,300 short, per student, of the actual cost of education. To keep tuition affordable, the school is striving to raise awareness of its need for continuing financial support. In particular, they want to inspire alumnae to give a gift to Fontbonne. Many alumnae look back at their time at Fontbonne, and declare that it, “Made me the woman I am today.” The school is encouraging them to act on that sentiment, and to make gifts that can help today’s girls fulfill their potential.
Mary Ann and the Sisters are committed to ensuring a more stable financial future for Fontbonne, which is why they began establishing an investment program for the school several years ago. Recently, they turned to a professional investment management firm for assistance in this regard. The firm is helping to guide Fontbonne’s long-term investment strategy while ensuring that the school’s portfolio supports the teachings of the Catholic Church, as articulated in the U.S. Conference of Catholic Bishops (USCCB) Socially Responsible Investment Guidelines.
In many ways, the journey of Fontbonne echoes that of the Sisters of St. Joseph, an order established in France in 1650 by a Jesuit priest who brought together a group of women to promote a love of God and to meet the most urgent social needs of their time. Today, the Sisters of St. Joseph of Brentwood, Mary Ann Spicijaric, and the staff, parents, alumnae and other supporters of Fontbonne Hall Academy are committed to sustaining that tradition of service – with a little help from cutting-edge science.
BOSTON, MA – Catholic Investment Services (CIS) announced today that Michael Nagy has joined the firm as Managing Director.
Nagy comes to CIS, the first non-profit, Catholic-only focused investment management firm, with 16 years of experience in the investment world. He spent the last four years with Christian Brothers Investment Services (CBIS) in Chicago, where he served as a Managing Director, responsible for investor and consultant relationships in the Central region of the US.
While at CBIS, Nagy initiated coverage by key consulting firms, helped to launch new products, and promoted strategic branding adjustments to position the firm for growth. Prior to his time at CBIS, Nagy gained extensive experience in investment services and asset management over the years, holding leadership positions at Oak Ridge Investments, Aviva Investors Inc., and Henderson Global Investors Inc., after getting his start at GE Asset Management.
“Michael comes to us with a deep understanding of the Catholic investing community,” said CIS CEO Tom Lanctot. “His analytical, collegial and strategic approach will help us accelerate the development and implementation of new investment strategies and build on our nuanced and thoughtful advocacy and engagement in ESG and impact investing.”
CIS manages endowments and pensions for a wide variety of Catholic organizations, including dioceses, religious orders, higher education/high schools, healthcare systems and social service organizations. All of its clients are non-profits.
In his new position at CIS, Nagy will focus broadly on development. That includes marketing, investor relations, product development, and new investment strategies. He has experience with International Equity, Socially Responsible Investment, Currency, Hedge, Global REIT, Direct Property, and Fixed Income LDI strategies.
Nagy is passionate about sustainable investment strategies and said he was drawn to CIS by the values and progress championed by Catholic institutions and the people who serve them. He sees the move to CIS as an opportunity to engage all aspects of his experience to deliver results.
“I’m thrilled to have the chance to learn from the legendary investors who lead this organization,” Nagy said. He also offered high praise for Lanctot. “My knowledge of Tom’s style, work ethic, and reputation in this business made me all the more excited to work for CIS. The firm is known for its leadership and sophisticated strategies that align with the values of its members.”
CIS was founded by some of the investment industry’s leading executives. Their goal was to create a differentiated approach, providing high-quality endowment products for Catholic fiduciaries that would be in careful alignment with the US Conference of Catholic Bishops’ investment principles.
Nagy is a graduate of Syracuse University’s L.C. Smith School of Engineering & Computer Science and holds a Bachelor of Science degree in Aerospace Engineering.
About Catholic Investment Services
Catholic Investment Services (CIS) is a non-profit, SEC registered investment advisor that manages endowment and pension assets for Catholic organizations. It seeks to deliver strong investment returns aligned with Catholic principles so Catholic organizations can make a bigger impact in their communities. CIS was founded by some of the investment industry’s most respected leaders to address the investment challenges faced by Catholic organizations. Based in Boston, CIS’s assets under management represent approximately $650 million.
Father Larry Dunham embarked upon his first pilgrimage to the Holy Land of the Christian Religion in January 2012. Like many pilgrims across the centuries, he yearned to walk in Jesus’ footsteps and to experience the region’s revered shrines. He also made the journey to witness first-hand his Franciscan brothers’ tireless shrine preservation and charity work.
For Father Dunham, the pilgrimage was life-changing – both because his soul was profoundly moved by the experience and because very soon he would play a vital role in ensuring that those ancient shrines could endure for centuries to come. Soon after returning from his pilgrimage, Father Dunham was appointed Guardian and Commissary of the Monastery of the Holy Land in Washington D.C. This century-old Franciscan Monastery is the U.S. home of the Holy Land Franciscans, who for more than 800 years have taken responsibility for protecting and supporting the sacred shrines and the people of the Holy Land.
In the Province of the Holy Land, Franciscan brothers act as caretakers of such holy sites as the Basilica of the Annunciation in Nazareth, the Basilica of the Nativity in Bethlehem, the Church of the First Miracle in Cana and the Church of St. Lazarus in Bethany, among many other “stones of memory” in the region. Such shrines are always at risk due the flow of millions of pilgrims each year which, although welcome, steadily deteriorates these ancient sites. Additionally, the friars look after sites in Syria, which are always at risk from the bombings and strife that have plagued the country. Beyond preserving shrines, the Franciscan brothers also support the “living stones,” Christians living in the region, who represent only 2 percent of the population. The brothers assist with religious services at local churches, and administer social services – related to education, employment, housing and senior support – for the poorest of the poor.
The monastery in Washington D.C. plays several intertwined roles that support the vital work being done in the Holy Land. With its welcoming Franciscan community and full-size replicas of several Holy Land shrines, it is a pilgrimage destination in its own right, while also educating people about the Holy Land and organizing regular pilgrimage offers, in partnership with a travel agency. More than 50,000 people visit the monastery each year, drawn to this “Little Jerusalem” with its remarkable architecture and gardens, often spiritually enriched by witnessing the Franciscan brothers’ deep devotion to their mission.
In his role as Guardian and Commissary, Father Dunham is also responsible for administering the national Good Friday collection, which raises money to sustain the Holy Land mission work and the monastery. Each year, he and his brothers market to and connect with every parish across the country, encouraging them to hold a special Good Friday collection and to remind the faithful of the critical need to preserve the holiest places in Christendom. In 2019, the parishioners heeded the call, providing about $13 million in total donations.
Although this is a substantial sum, the needs in the Holy Land are great, so Father Dunham and the brothers take as little money as possible to run the U.S. monastery, optimizing their resources while exploring new ways to raise funds. They cultivate a large vegetable garden, which produces 8,000 pounds of food each year for their use and to share with local food banks and homeless shelters. They welcome short-term tenants, such as visiting clergy, pilgrims and students pursuing religious studies at universities in the city. They also renovated the little-used St. Francis Hall to create a beautiful new rental facility for special occasions, such as their annual November fundraising gala. The Hall has become a premier venue for wedding receptions, thanks to its pastoral setting, careful landscaping and colonnaded rose garden.
Father Dunham is committed to ensuring that the monastery is the best possible steward of the funds it receives from donations, fund-raising programs and other efforts. For years, the monastery’s investible assets were pooled with those of the Archdiocese of Washington, D.C., which offered both economies of scale and investments that reflected Catholic doctrine. When that pooled arrangement came to an end, Father Dunham and the monastery’s finance board initially considered a similar arrangement with a different nearby diocese. But, instead, they pursued a new path as a standalone investor, working with a firm that provides active investment management while adhering to the socially responsible investment guidelines of the U.S. Conference of Catholic Bishops.
The monastery’s rose garden is blessed with 1,300 rose bushes, making it a powerful tourist attraction. But it recently brought forth another surprising gift: the world’s most heavenly honey. This is because the monastery, which had been losing its bee population, built 20 beehives among the roses and other flora of its garden to enhance pollination. These bees, looked after by a local chapter of the Society of Beekeepers, produce a pure, delicate honey with a hint of rose – which itself has attracted many visitors eager for a taste.
Father Dunham believes that the roses, the bees and the remarkable honey comprise yet another sign that the spirit of St. Francis of Assisi – patron saint of ecology and the environment – is present at the monastery. That spirit, which has guided the Holy Land Franciscans for eight centuries, will continue to inspire those who protect the most holy Christian shrines for future generations of pilgrims from around the world.
Sustaining a 75+ year legacy, Holy Cross Family Ministries (HCFM) brings together the timelessness of prayer and the timeliness of today’s technology to reach, inspire and strengthen the faith of families around the world. The group is committed to honoring its enduring promise to donors – that 100% of their gifts go directly to programs – even as it awaits the potential canonization of its late founder, Father Patrick Peyton.
In 1942, Father Peyton was inspired to begin a ministry that would reach beyond his chaplain duties in Albany, New York, to influence the world. His Albany followers, like millions of others, were enduring the pain of World War II as loved ones departed to fight for the nation and often did not return home. Based on his belief that a family that prays together, stays together and is drawn closer to God, Father Peyton sought and gained approval to create a new ministry – The Family Rosary – and began writing letters to fellow clergy and the faithful, urging them to pray the Rosary every day. This effort earned a great response, but Father Peyton’s next step would extend his vital ministry to a national, and then a global, audience.
After leading a Rosary prayer on an Albany radio station in 1943, Father Peyton grasped the power of that new medium to reach families wherever they lived. Soon, he traveled to Hollywood and earned the participation of many of the day’s top stars, including Bing Crosby, who in 1945 prayed with Father Peyton on the nation’s largest radio network. Ever the innovator, Father Peyton took advantage of TV and film to reach even more people, and began leading rosary rallies in the U.S. and abroad that brought many millions together in prayer. By the time of his passing in 1992, he had built a world-wide ministry while revolutionizing how the Catholic Church reached its faithful. His good works were recognized in December 2017 when Pope Francis issued a decree recognizing Father Peyton as Venerable, a key milestone on the journey to possible sainthood.
Father Peyton’s global mission and spirit of innovation continued to be carried forward passionately by HCFM. Headquartered in Massachusetts, HCFM operates four complementary ministries that foster family prayer and the spiritual wellbeing of families in 17 countries across the globe. Family Rosary supports family prayer through retreats and prayer home visits, and distribution of prayer books, rosaries and digital resources – including an app that has had more than 1.4 million downloads. Family Theater Productions continues the tradition of producing programs, films and other faith-focused media. Father Peyton Family Institutes builds strong families through counseling, spiritual retreats and programs for young and old. Its newest ministry – CatholicMom.com – provides on-the-go parents with faith-based podcasts, articles and activities. Taken together, these ministries represent a rich array of resources that are both leading edge and deeply connected to the teachings of Jesus Christ.
HCFM keeps another dimension of Father Peyton’s legacy alive: that of ensuring that donors’ dollars deliver the greatest possible impact. Donors have been supporting the mission generously since the 1940s, giving both modest amounts and major gifts through estate plans and other means. Recently, HCFM received a $2 million donation from someone who treasured the memory of listening to Father Peyton’s radio broadcasts many decades ago; the donor wanted to ensure that future generations could share in the spiritual experience that had shaped his own life.
HCFM honors this ideal by promising donors that 100% of their gifts will directly support the organization’s various ministries. The organization keeps this promise, in part, through an endowment that is intended to supplement year-to-year donations. The organization invests the endowment to pursue growth with an eye toward supporting the teachings of the Catholic Church. In 2015, HCFM entrusted part of the endowment to a professional investment management firm that creates growth-oriented portfolios that align with the U.S. Conference of Catholic Bishops (USCCB) Socially Responsible Investment Guidelines.
If Pope Francis ultimately canonizes Father Peyton, there already will be a welcoming and engaging place for pilgrims to visit and learn about the “Saint of Family Prayer.” In autumn 2019, The Museum of Family Prayer opened its doors, adding an exciting new dimension to the popular Father Peyton Center in North Easton, Mass. The museum shares the power of family prayer through interactive and immersive exhibits, graphics, and media content, among other facilities. Fittingly, the new museum is a showcase of Father Peyton’s vision and work – and of the unwavering power of prayer.
Find out more about HCFM at their website: www.hcfm.org