All of us at the Catholic Foundation of Southwest Iowa wish you and
yours good health and much happiness. While that may seem trite
to say in today’s COVID-19 environment, it is a true and honest
thought for each and every one of you. For many, even seeing loved
ones has become a difficult task. I know in my heart that we all are
looking forward to getting back to what we know to be “reality.”
So much has happened in the first six months of 2020. In March, it
felt like things would be a little crazy for a short time and then we
would be back to our normal routines. Then it became a full blown
pandemic! We are going into our sixth month of remote work. All of
our staff, Brooke, Rachel, and myself, are working from home, and
we have adjusted to virtual meetings and check-ins. While we have
not been in the office, we remain busy, working with our parishes, schools, and donors.
Our vision to promote a legacy of giving and support within the Diocese of Des Moines drives us each day to do all we can to build trust with you, our partners across all corners of our diocese. This newsletter will give you a glimpse of some of the ways we help others connect their passion with the appropriate resources needed to find financial success.
Highlights of COVID-19
The stock markets took a wild ride in March and April, only now to come back to levels we were at before the pandemic. We are pleased to report that our Catholic values filtering and investing strategies have proven to be beneficial in this volatile market. If you’d like to learn more, check out our website for the latest market commentary (https://catholicfoundationiowa.org/news).
As the CARES Act was unrolled as a way to stimulate the economy, we worked for weeks with our parishes, schools, and others to get Paycheck Protection Program (PPP) applications and now Forgiveness applications submitted to the Small Business Administration.
FEMA is another great potential financial resource for our Diocese. We assisted with the submission for the right to apply for FEMA for just over 60 parishes and schools. That process is still in a slow moving pattern, but all are gathering and validating expenses related to COVID-19, in order to be ready to begin submitting expenses to FEMA. Each entity must have at least $3,300 in expenses in order to apply.
Lastly, we have recently assisted in fully executing three planned gifts that some folks had been waiting on. What a great time to check off items on your to-do list!
The last few months have not been easy, but they have been extremely beneficial to our growth as a foundation. We are pleased to be a resource to the Catholics within our Diocese, as well as other like-minded not-for-profits and individuals. If you’d like to learn more about CFSWIA or our services and resources, give us a call or shoot us an email. We would love to help!