Category: News

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.

Apple
https://podcasts.apple.com/us/podcast/sustainable-grace/id1584867496

Spotify
https://open.spotify.com/episode/1d2dGcoufovu4k4tPsxYqB?si=dMun-jq_TxSmmsUmLzMfcg&dl_branch=1&nd=1

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.

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.