AANN NN UU AALL R REEPP OO RRTT 2 2001155 ......and to propagate the Roman Catholic faith by...

AN N U AL RE P O RT 2015AN N U AL RE P O RT 2015

Consecrated Church Consecrated Church Consecrated Church

Mission StatementMission StatementMission Statement

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Carl Koch’s belief that he was “just a steward of the finances given by God to

use on His behalf” inspired the commitment he and his wife, Paula, made to

founding the Koch Foundation in 1979. The Foundation’s goals are to strengthen

and to propagate the Roman Catholic faith by providing grant support for a

wide variety of evangelization efforts. In considering applications, major

emphasis is placed on sound but financially needy evangelical programs.

The Koch Foundation is international in scope with no geographical preference.

Carl KochCarl KochCarl Koch Paula KochPaula KochPaula Koch

Letter from Letter from Letter from

the executive directorthe executive directorthe executive director

The Koch Foundation joins with the Holy Father in celebrating 2015 as the Year of Consecrated Life! During this special year, we are invited to learn more about the men and women who have dedicated their lives to Christ. We are given an opportunity to journey with our religious brothers and sisters as they reflect on their particular charisms, challenges they face as they live their ministries and as

they answer the Call to live a consecrated life.

Many of us have benefitted directly from the hard work and endless love our religious brothers and sisters give to their missions. We may have been treated in a Catholic hospital, attended Catholic school, received care in one of the many nursing care facilities, or celebrated the sacraments all because of the religious

who have spent their lives serving others.

Today, in many parts of the world, religious are the only faces of the Catholic Church. They live among the less fortunate, providing care and dedication through their ministries. They often face challenges and hardships and for a few, give the ultimate sacrifice, to ensure the Word of God is heard. In other areas they are the only hope for food, education, or healthcare to the poor or those shunned by society. As St. Francis of Assisi said, “Preach the gospel at all times. When necessary, use words.” The religious have taken St. Francis’ words to heart by

teaching the gospel daily and living their lives following in Christ’s footsteps.

Nuns, sisters, brothers, and priests in contemplative communities, apostolic

institutes, and religious orders are a gift to all of us. We are still benefitting from

many new religious orders that educated us, provided healthcare or guided our

spiritual life. At the heart of all this are the lives of women and men who have

given themselves to the Lord. They have chosen to know, love and serve Him.

Through their service, they bring hope and joy of the Catholic faith to all.

2

Carolyn YoungCarolyn YoungCarolyn Young

Consecrated churchConsecrated churchConsecrated church

In dedicating the year 2015 as the Year of Consecrated Life, His Holiness Pope Francis stated that there was a great need for the presence, strength, and commitment of men and women religious in order for the Good News to continue to spread. This year we celebrate the men and women who have embraced an extraordinary calling, serving in a spirit of poverty, not for personal gain, but freely for the sake of the proclamation of the Gospel. Those who consecrate their lives to the Church have been integral throughout the history of Catholicism—teaching, healing, consoling, nurturing, becoming for us in so many ways the hands

and heart and voice of Christ.

To commemorate the Holy Father’s proclamation, many religious institutes are holding special events to help laity learn what it means to live a Consecrated Life. These events are intended to increase awareness of the charisms which guide their ministries and to perhaps offer a glimpse into the lives of those who have chosen to live each day by the lessons of Christ, and who show us by example that serving

others is the greatest demonstration of selfless love.

In the past few years there has been a resurgence of vocations, as new generations of young adults answer His call to lead a religious life; and they have brought with them a renewed passion for evangelizing and spreading the joy of living the Gospel. This growth has allowed the message of His love to be carried to even the most isolated corners of our world, where entire communities have been brought into communion with the Church by receiving the gift of the Sacraments. Celebrating the Sacraments together helps us to remember the past with gratitude,

to embrace the future with hope, and to live in the present with passion.

May all those men and women who have dedicated themselves to the religious life be blessed as they continue to serve the Lord and may we continue to include them in our lives as examples of our Faith. Rejoice and be glad, for their reward will be

great in Heaven!

3

4

Direct evangelizationDirect evangelizationDirect evangelization

& Mass Media& Mass Media& Mass Media

Religious men and women do the great work of evangelizing to the ends of the world in a spirit of humility rather than an attitude of conquering. They spread the Word of God as humble servants of the Lord, knowledgeable of the faith and

strong in their commitment to Christ.

The Koch Foundation funds Direct Evangelization programs and religious activities that directly support strengthen, and spread the Catholic proclamation of Christ’s

Gospel.

“But you will receive power when the Holy Spirit has come upon you, and you will be my witnesses in Jerusalem and in all Judea and Samaria, and to the end of the earth.”

Acts 1:8

Sisters of St. Felix of Cantalice, Mother of God

Queen of Poland Province; Warsaw, Poland

St. Peter's Church, Woka Mission, Assam, India

Servants of the Lord and the Virgin of Matara,

Burshtyn Spiritual Centre, Krykhivtsi, Ivano-Frankivsk, Ukraine

5

Eparchy of Our Lady of Lebanon of Los Angeles St. Louis, MO, USA $10,000.00

All Hallows College Dublin, Ireland $20,000.00

Diocese of Pueblo Pueblo, CO, USA $7,000.00

Missionary Sisters of the Immaculate Heart of Mary New York, NY, USA $10,000.00

Pontifical Mission Societies, Kabale Diocese Kabale, Uganda $10,000.00

Praemonstratensian Sisters of Hungary Zsambek, Hungary $7,000.00

Congregation of the Sisters of the Good Samaritan,

Order of Saint Benedict Five Docks, Australia $10,000.00

Episcopal Conference of Zambia Lka, Zambia $4,000.00

Franciscan Works Chicago, IL, USA $8,000.00

Archdiocese of Cape Coast Cape Coast, Ghana $10,000.00

Archdiocese of Santiago de Cuba Santiago de Cuba, Cuba $5,000.00

Diocese of Ogdensburg Ogdensburg, NY, USA $15,000.00

Society of Jesus, South Poland Province Krakow, Poland $10,000.00

Redemptorist Fathers and Brothers, Denver Province Denver, CO, USA $10,000.00

Diocese of Panevezys Panevezys, Lithuania $10,000.00

Archdiocese of Cap-Haitien Cap-Haitien, Haiti $10,000.00

Diocese of Hyderabad in Pakistan Hyderabad, Pakistan $8,000.00

Diocese of Vinh Nghe An, Vietnam $10,000.00

Eparchy of Saint Vladimir Le Grand De Paris Vincennes, France $10,000.00

Congregation of Divine Providence San Antonio, TX, USA $10,000.00

Quincy University Quincy, IL, USA $10,000.00

Diocese of Fargo Fargo, ND, USA $10,000.00

Ukrainian Catholic University Lviv, Oblast, Ukraine $10,000.00

Archdiocese of St. Louis St. Louis, MO, USA $10,000.00

Diocese of Austin Austin, TX, USA $10,000.00

Archdiocese of Newark Newark, NJ, USA $10,000.00

Archdiocese of Chicago Chicago, IL, USA $5,000.00

Missionaries of the Precious Blood, Senior Seminary Morogoro, Tanzania $10,000.00


St. Xavier University Chicago, IL, USA $10,000.00

Diocese of Winona Winona, MN, USA $10,000.00 St. Francis de Sales Missionaries,

East Africa Province Morogoro, Tanzania $10,000.00

St. Francis de Sales Missionaries,

Narengi-Satagon Provincialate Guwahati, Assam, India $10,000.00

Diocese of St. Cloud St. Cloud, MN, USA $10,000.00



6

Diocese of Crookston Crookston, MN, USA $10,000.00

Diocese of Vilkaviskis Marijampole, Lithuania $10,000.00

Franciscan Missionary Brothers,

Province of St. Paul - Northeast India Assam, India $9,000.00

Diocese of Helena Helena, MT, USA $12,000.00

Diocese of Indore Madhya Pradesh, India $5,000.00

Diocese of Balasore Orissa, India $7,000.00

Diocese of Chulucanas Chulucanas, Piura, Peru $8,000.00

Archdiocese of Los Angeles Los Angeles, CA, USA $10,000.00

Archdiocese of Cap-Haitien Cap-Haitien, Haiti $10,000.00

Diocese of Superior Superior, WI, USA $10,000.00

Mount Tabor Center Menasha, WI, USA $10,000.00


Life and Faith Institute Kaunas, Lithuania $10,000.00

Congregation of the Sacred Stigmata of

Our Lord Jesus Christ Morogoro, Tanzania $10,000.00

St. Felix of Cantalice Sisters, Mother of God

Queen of Poland Province Warsaw, Poland $10,000.00

Diocese of Les Gonaives Les Gonaives, Haiti $7,000.00

LAMP Ministries, Inc. Bronx, NY, USA $20,000.00

Archdiocese of Pretoria Pretoria, South Africa $10,000.00



Society of Mary New Zealand Wellington, New Zealand $15,000.00

Calvary Hospital Bronx, NY, USA $15,000.00

Sisters of St. Joseph St. Augustine, FL, USA $10,000.00

Diocese of Orlando Orlando, FL, USA $10,000.00

Diocese of Grand Island Grand Island, NE, USA $10,000.00

Diocese of Tanga Tanga, Tanzania $10,000.00

Daughters of Charity of St. Vincent de Paul,

Province of the West Los Altos Hills, CA, USA $10,000.00

Diocese of St. Augustine Jacksonville, FL, USA $10,000.00

Brooklyn Oratory of St. Philip Neri Brooklyn, NY, USA $10,000.00

Archdiocese of Philadelphia Philadelphia, PA, USA $10,000.00

Society of Jesus, Chicago-Detroit Province Chicago, IL, USA $7,000.00



7

Redemptorist Fathers and Brothers, Denver Province Denver, CO, USA $10,000.00

Eparchy of Chanda Maharashtra, India $10,000.00

Vicariate Apostolic of Jimma Bonga Jimma, Ethiopia $6,000.00


Missionary Society of St. Paul the Apostle New York, NY, USA $25,000.00

Dominican Sisters of Peace Columbus, OH, USA $15,000.00

Ukrainian Catholic Diocese of St. Josaphat in Parma Parma, OH, USA $6,000.00

Diocese of Down and Connor Belfast, Northern Ireland $15,000.00

Sisters, Servants of the Immaculate Heart of Mary, Monroe, MI, USA $10,000.00

Archdiocese of New Orleans New Orleans, LA, USA $10,000.00

The Carmelite Institute Washington, DC, USA $5,000.00

Sisters, Servants of the Immaculate Heart of Mary Scranton, PA, USA $15,000.00

Missionary Congregation of the Evangelizing

Sisters of Mary Mbagathi, Nairobi, Kenya $8,000.00

Fellowship of Catholic University Students Golden, CO, USA $10,000.00

Bernardinai Youth Center Vilnius, Lithuania $10,000.00

Diocese of Derry Derry, Northern Ireland $15,000.00

Help Brings Hope for Haiti, Inc. Tampa, FL, USA $10,000.00

Missionaries of Jesus Flores, Peten, Guatemala $8,000.00


Archdiocese of Hartford Hartford, CT, USA $12,000.00

Diocese of Beaumont Beaumont, TX, USA $10,000.00

Dismas Ministry, Inc. Milwaukee, WI, USA $15,000.00

Catholic Community Services of Southern Arizona Tucson, AZ, USA $15,000.00



Pontifical North American College Washington, DC, USA $10,000.00

Diocese of St. Thomas St. Thomas, VI, USA $15,000.00

Bannakaroli Brothers Kyotera, Uganda $8,000.00

Society of Jesus, Wisconsin Province Milwaukee, WI, USA $10,000.00

Pontifical Mission Societies Zambia Lka, Zambia $10,000.00

Servants of the Immaculate Heart of Mary Brothers Iringa, Tanzania $3,000.00

Metropolitan Archdiocese of Mother of God at Moscow Moscow, Russia $5,000.00

Archdiocese of Shkoder-Pult Shkoder, Albania $8,000.00

Congregation of the Passion, Holy Cross Province Park Ridge, IL, USA $10,000.00

Diocese of St. Cloud St. Cloud, MN, USA $8,000.00

8

TotalTotalTotal $1,097,000.00$1,097,000.00$1,097,000.00

Diocese of Miao, Arunachal Pradesh, India



Archdiocese of Lviv Lviv, Ukraine $10,000.00

Pilgrim Center of Hope, Inc. San Antonio, TX, USA $15,000.00

University of Dayton, Institute for Pastoral Initiatives Dayton, OH, USA $15,000.00

Discalced Carmelite Order, Krakow Province Krakow, Poland $15,000.00

Sacred Arts Communications Cotati, CA, USA $10,000.00

Community of Holy Rosary and St. John the Evangelist Columbus, OH, USA $4,000.00

Diocese of Kikwit Kinshasa, Democratic Republic $10,000.00

Diocese of Mbulu Mbulu, Tanzania $11,000.00

Diocese of Beaumont Beaumont, TX, USA $10,000.00

Sisters of St. Felix of Cantalice, Mother of God

Queen of Poland Province; Warsaw, Poland

Felician Special Nursing Home for Chronically Sick Women, Warsaw, Poland

Preparation of EvangelistsPreparation of EvangelistsPreparation of Evangelists

Religious men and women live a life of poverty and rely on God’s province. They serve the poor and those forgotten by society. Many are located in remote, hostile

areas or in slums wherever they have felt a calling, teaching the Word of God.

The Koch Foundation funds the Preparation of Evangelists formation programs and religious activities that prepare individuals and groups to proclaim the Good News

of salvation through the Catholic faith.

9

“And I tell you, you are Peter, and on this rock I will build my church, and the gates of hell shall not prevail against it. I will give you the keys of the kingdom of heaven, and whatever you bind on earth shall be bound in heaven, and whatever you loose on earth shall be loosed in heaven.”

Matthew 16:18-19

Ukrainian Greek Catholic Eparchy of Ivano-Frankivsk, Ukraine

Discalced Carmelite Fathers, Province of St. Therese of the Child Jesus;

Villa de Leyva, Boyacá, Colombia

Poor Clares, Monastery of Our Lady of the Eucharist;

Isabella, Philippines


10

Ukrainian Catholic Diocese of Stamford Stamford, CT, USA $10,000.00

Servants of the Lord and the Virgin of Matara Krykhivtsi, Ivano-Frankivsk, Ukraine $15,000.00

Institute on Religious Life Libertyville, IL, USA $10,000.00

Congregation of the Presentation of the Blessed Virgin Mary Quito, Ecuador $10,000.00


Vicariate Apostolic of Benghazi Benghazi, Libya $10,000.00

Diocese of Djibouti Djibouti, Djibouti $10,000.00

International Theological Institute for Studies on Marriage and

the Family Trumau, Austria $10,000.00

Mexican American Catholic College San Antonio, TX, USA $15,000.00

Congregation of the Passionist Missionaries Karungu, Kenya $10,000.00

Congregation of the Immaculate Heart of Mary Port-au-Prince, Haiti $7,000.00

Diocese of Antipolo Antipolo City, Rizal, Philippines $2,000.00

Prince of Peace Catholic Newman Center Seattle, WA, USA $10,000.00

Congregation of the Sisters of the Eucharistic Jesus Kaunas, Lithuania $10,000.00

Society of Daughters of Mary Immaculate Mangochi, Malawi $10,000.00

Diocese of Melipilla Melipilla, Chile $10,000.00

Vicariate Apostolic of Awasa Awasa, Sidamo Province, Ethiopia $7,000.00

Archdiocese of Hue Hue, Vietnam $10,000.00

Yauyos Prelature Canete, Lima, Peru $10,000.00


Diocese of Chiquinquira Chiquinquira, Boyacá, Colombia $10,000.00

Catholic Charismatic Renewal, Ghana Kumasi, Ghana $7,000.00

Sisters of the Cross and Passion Middleton, Manchester, England $10,000.00

Ternopil - Zboriv Archeparchy Ternopil, Ukraine $10,000.00

Sisters of St. Francis of Perpetual Adoration Mishawaka, IN, USA $10,000.00

Franciscan Sisters of Little Falls, Minnesota Little Falls, MN, USA $10,000.00

Catholic World Mission, Inc. Atlanta, GA, USA $10,000.00



Archdiocese of Washington Washington, DC, USA $10,000.00

Diocese of Tulsa Tulsa, OK, USA $10,000.00

Vicariate Apostolic of El Beni Trinidad, Beni, Bolivia $10,000.00

Il Ritiro Franciscan Retreat Dittmer, MO, USA $10,000.00

Archdiocese of St. Paul and Minneapolis St. Paul, MN, USA $10,000.00


11

Society of St. Vincent de Paul of Alameda County Oakland, CA, USA $10,000.00

Diocese of El Paso El Paso, TX, USA $10,000.00

Diocese of Lafayette Lafayette, LA, USA $5,000.00

Dominican Fathers & Brothers, Southern Province, U.S.A. Metairie, LA, USA $10,000.00


Zamora en Ecuador Apostolic Vicariate Zamora, Ecuador $10,000.00

Diocese of Fairbanks Fairbanks, AK, USA $10,000.00

Franciscan Friars, Province of St. Barbara Oakland, CA, USA $10,000.00

Catholic Rural Ministry Port Allegany, PA, USA $10,000.00

Diocese of Fajardo-Humacao Fajardo, PR, USA $10,000.00

Diocese of Fajardo-Humacao Fajardo, PR, USA $10,000.00


Chinese Lay Missionaries Taiwan, China $10,000.00

Salesians of Don Bosco Analamanga, Madagascar $10,000.00

Catholic Rural Ministry II, Oil City Deanery Oil City, PA, USA $10,000.00

Missionaries of St. Francis de Sales, Mozambique Mission Maputo, Mozambique $10,000.00

Diocese of Little Rock Litttle Rock, AR, USA $10,000.00

Ukrainian Catholic Diocese of St. Josaphat in Parma Parma, OH, USA $10,000.00

Diocese of Hexham and Newcastle Newcastle upon Tyne, England, UK $10,000.00


L'Arche Harbor House Jacksonville, FL, USA $10,000.00

School of Applied Theology Oakland, CA, USA $5,000.00

Volunteer Missionary Movement Greendale, WI, USA $10,000.00

Casa Romero Renewal Center Milwaukee, WI, USA $10,000.00

Society of Jesus, Zambia-Malawi Province Lka, Zambia $9,000.00

Diocese of Tucson Tucson, AZ, USA $10,000.00

Diocese of St. Thomas St. Thomas, VI, USA $10,000.00

Capuchin Franciscan Friars, Dominican Republic Santo Domingo Este,

Dominican Republic $10,000.00

Society of Our Lady of the Most Holy Trinity Robstown, TX, USA $3,000.00

Schoenstatt Apostolic Movement of Buenos Aires Florenico Varela, Argentina $10,000.00

Eparchy of St. George's in Canton Canton, OH, USA $5,000.00

Congregation of Our Lady of Charity of the Good Shepherd Raedene, South Africa $10,000.00




12

Congregation of the Passion, St. Paul of the Cross Province Rye Brook, NY, USA $10,000.00

The Way of the Shepherd Catholic Montessori School Blaine, MN, USA $10,000.00

The Way of the Shepherd Catholic Montessori School Takoradi, Ghana $10,000.00

Society for the Propagation of the Faith, US National Office New York, NY, USA $20,000.00


Guest House, Inc. Lake Orion, MI, USA $10,000.00

St. Luke Institute Silver Spring, MD, USA $20,000.00

Society of Our Mother of Peace High Ridge, MO, USA $10,000.00

Society of Jesus, Portuguese Province Lisbon, Portugal $10,000.00

Piarist Fathers, United States and Puerto Rico Province Washington, DC, USA $10,000.00

Order of Friars Minor, Venetian Province of St. Anthony of Padua Vittorio Veneto, Italy $10,000.00

Order of Friars Minor, Korean Province Seoul, South Korea $15,000.00

Order of Friars Minor, Korean Province Seoul, South Korea $20,000.00

Glenmary Home Missioners Fairfield, OH, USA $50,000.00

Jesuits of the Midwest Province Chicago, IL, USA $10,000.00

Priestly Fraternity of St. Michael the Archangel Puno, Peru $10,000.00

Congregation of the Mission, Western Province Earth City, MO, USA $10,000.00

Franciscan Friars, Our Lady of Guadalupe Province Albuquerque, NM, USA $10,000.00

Clerics Regular of St. Paul, Manila Marikina City, Philippines $10,000.00

Dominican Order of the Catholic Church, Mexican Province Houston, TX, USA $10,000.00

Order of Friars Minor, Most Sacred Heart of Jesus Province St. Louis, MO, USA $10,000.00

Order of Friars Minor General Curia Rome, Italy $100,000.00

Archdiocese for the Military Services, Washington, DC, USA $10,000.00

Yauyos Prelature Cañete, Lima, Peru $10,000.00

Archdiocese of Vienna Vienna, Austria $10,000.00

Minim Brothers of Saltillo Saltillo, Coahuila, Mexico $10,000.00

Benedictine Monks of Chicago Chicago, IL, USA $10,000.00

Order of Friars Minor General Curia Rome, Italy $75,000.00

Eparchy of St. Maron of Brooklyn Brooklyn, NY, USA $10,000.00

Discalced Carmelite Fathers, Our Lady of Carmel Convent Barquisimeto, Lara, Venezuela $10,000.00

Ternopil - Zboriv Archeparchy Ternopil, Ukraine $10,000.00

Archdiocese of Kyiv Kyiv, Ukraine $10,000.00

Schoenstatt Fathers, Inc. Waukesha, WI, USA $10,000.00

Missionaries of the Sacred Heart, Province Aurora, IL, USA $10,000.00

St. Francis de Sales Missionaries, Northeast India Province Assam, India $8,000.00


13

Society of the Divine Word, Ghana Province Accra, Ghana $10,000.00

Missionaries of the Sacred Heart, Province Aurora, IL, USA $10,000.00


Congregation of the Sacred Hearts of Jesus and Mary Bogota D.C., Colombia $10,000.00

Sacred Heart Fraternity Girardota, Antioquia, Colombia $10,000.00


Diocese of Mocoa-Sibundoy Mocoa, Putumayo, Colombia $10,000.00

Missionary Fraternity of Mary El Rosario, Mixco, Guatemala $10,000.00

Marianists, Province of the United States St. Louis, MO, USA $10,000.00

Brooklyn Oratory of St. Philip Neri Brooklyn, NY, USA $10,000.00

Praestkollegiet Redemptoris Mater Vedbaek, Denmark $10,000.00

Diocese of Helena Helena, MT, USA $10,000.00

Missionary Servants of the Most Holy Trinity Silver Spring, MD, USA $10,000.00

Voluntas Dei Institute New York, NY, USA $9,000.00

Discalced Carmelite Fathers, Bogotá, Colombia $10,000.00

Discalced Carmelite Fathers, Bogotá, Colombia $10,000.00

Diocese of Abancay Abancay, Peru $10,000.00

Diocese of Sioux Falls Sioux Falls, SD, USA $10,000.00

Diocese of Zilina Zilina, Slovakia $10,000.00

Prefecture Apostolic of the Marshall Islands Majuro, MH, USA $3,000.00

St. Benedict's Abbey Atchison, KS, USA $10,000.00

Oblates of the Virgin Mary, St. Ignatius Province Boston, MA, USA $10,000.00



Diocese of Boise Boise, ID, USA $10,000.00

Augustinians of the Assumption Brighton, MA, USA $10,000.00

Diocese of Santarem Santarém, Pará, Brazil $10,000.00

Society of Jesus, Zambia-Malawi Province Lka, Zambia $10,000.00

Archdiocese of Detroit Detroit, MI, USA $10,000.00

Lumen Christi Institute Chicago, IL, USA $10,000.00


Order of Friars Minor, Incarnate Word Province Lome, Togo $10,000.00 Institute of the Incarnate Word,

Province of the Madonna of Loreto Segni, Italy $10,000.00


14

St. Joseph Society of the Sacred Heart Baltimore, MD, USA $10,000.00

Capuchin Franciscan Friars, St. Augustine Province Pittsburgh, PA, USA $10,000.00


Jesuits of the Central and Southern Province St. Louis, MO, USA $10,000.00

Congregation of Holy Cross, United States Province, Inc. North Easton, MA, USA $10,000.00



Diocese of Las Cruces Las Cruces, NM, USA $10,000.00

Discalced Carmelite Friars, California-Arizona Province Redlands, CA, USA $10,000.00


Franciscan Monastery, Custody of the Holy Land Washington, DC, USA $10,000.00

Province of the Most Holy Name of Jesus,

Western Dominican Province Oakland, CA, USA $10,000.00

Brothers of the Christian Schools, Eastern North America District Eatontown, NJ, USA $10,000.00

Sisters of Charity of Leavenworth Leavenworth, KS, USA $10,000.00

Order of Friars Minor, Province of Naples Naples, Italy $10,000.00

Sisters of St. Louis Accra, Ghana $10,000.00

Daughters of the Sacred Heart Bataan, Philippines $10,000.00

Incarnate Word Sisters Nairobi, Kenya $10,000.00

Sisters of Christian Doctrine Mislata, Valencia, Spain $10,000.00

Poor Clare Sisters, Monastery of the Holy Family San Ysidro, CA, USA $10,000.00

St. Clare of Assisi Federation of the Poor Clare Sisters

of Central America Penonome, Cocle, Panama $10,000.00

Sisters of the Order of St. Basil the Great,

Blessed Trinity Province Lviv, Ukraine $10,000.00

Catholic Church Extension Society Chicago, IL, USA $10,000.00

Lovers of the Holy Cross of Thanh Hoa Thanh Hoa City, Vietnam $10,000.00

Religious of the Assumption, East Africa Province Moshi, Tanzania $10,000.00

Atlantic-Midwest Province of the School Sisters of Notre Dame Baltimore, MD, USA $10,000.00

Poor Clares of Perpetual Adoration Andhra Pradesh, India $10,000.00

Poor Clare Sisters Antsirabe, Madagascar $3,000.00

Sisters of the Divine Savior, US Province Milwaukee, WI, USA $10,000.00

Society of the Infant Jesus Cape Coast, Ghana $10,000.00

Discalced Carmelite Sisters of Venezuela Caracas, Miranda, Venezuela $10,000.00

Regina Health Center Richfield, OH, USA $10,000.00

Institute of the Missionary Sisters of Mary of the Americas Tegucigalpa, Honduras $9,000.00


15

Trinitarian Sisters of Merciful Love Ogun State, Nigeria $10,000.00

Society of Daughters of Mary Immaculate, Songea Songea, Ruvuma, Tanzania $10,000.00

Poor Clares of Nigeria Ijebu-Ode, Ogun State, Nigeria $10,000.00

Franciscan Handmaids of the Good Shepherd Kerala, India $9,000.00

Verbum Dei Missionaries Madrid, Spain $10,000.00

Sisters of Perpetual Adoration of the Blessed Sacrament Chula Vista, CA, USA $10,000.00

Benebikira Sisters Congregation Butare, Rwanda $10,000.00

Sisters of St. Ann Bamenda, Cameroon $10,000.00

Poor Clare Sisters Lome, Togo $10,000.00

Order of Poor Clares, Monastery of Our Lady of Light Bungoma, Kenya $10,000.00

Benebikira Sisters Congregation Butare, Rwanda $10,000.00

Sisters of St. Joseph of Orange Orange, CA, USA $10,000.00

Minim Nuns of St. Francis of Paula Saltillo, Coahuila, Mexico $10,000.00

Minim Nuns of Grottaferrata Rome, Italy $10,000.00

St. Jude Community Center New Orleans, LA, USA $10,000.00

Little Sisters of St. Francis of Assisi Jinja, Uganda $10,000.00 Our Lady of Guadalupe and Our Father St. Francis

Federation of Poor Clares Zacatecas, Zacatecas, Mexico $10,000.00

Order of Poor Clares Tepatitlan, Jalisco, Mexico $10,000.00

Daughters of Mary Help of Christians of Northern India Meghalaya, India $10,000.00

Order of Poor Clares Santa Anita, Jalisco, Mexico $10,000.00

Order of Poor Clares Nocera Inferiore, Salerno, Italy $10,000.00

Poor Clare Sisters, Second Order of St. Francis Cartago, Costa Rica $10,000.00

Handmaids of the Sacred Heart of Jesus Kinshasa, Democratic Republic

of the Congo $10,000.00

Bikira Maria Association of Poor Clares Kokstad, South Africa $10,000.00

Poor Clares, Monastery of Mary Queen and Mother of Mercies Lilongwe, Malawi $10,000.00

Lovers of the Holy Cross of Thanh Hoa Thanh Hoa City, Vietnam $10,000.00

Discalced Carmelite Sisters of Venezuela Maracaibo, Zulia, Venezuela $10,000.00

Order of the Visitation of Holy Mary, Ecuador El Chaco, Napo, Ecuador $10,000.00

Discalced Carmelite Sisters of Ecuador Santo Domingo, Santo Domingo

de los Colorados, Ecuador $10,000.00

Discalced Carmelite Sisters of Ecuador Loja, Ecuador $10,000.00

Lovers of the Holy Cross of Los Angeles Gardena, CA, USA $10,000.00 Franciscan Sisters of Mary Immaculate,

Province of Our Lady of Mercy Nariño, Colombia $10,000.00

Franciscan Sisters of Mary Immaculate,

Province of Our Lady of Mercy Nariño, Colombia $10,000.00


16

Sisters of the Adoration of the Blessed Sacrament, East Africa Nairobi, Kenya $10,000.00

Sisters of the Adoration of the Blessed Sacrament Andhra Pradesh, India $10,000.00

Poor Clares, Monastery of the Sacred Heart Alcamo, Italy $10,000.00

Sisters of St. Joseph Brentwood, NY, USA $10,000.00

Sisters of Charity of Seton Hill, Korean Province Seoul, South Korea $10,000.00

Parish Visitors of Mary Immaculate Sisters Monroe, NY, USA $10,000.00

Congregation of the Daughters of Mary Immaculate San Antonio, TX, USA $10,000.00

Order of Poor Clares, Ouahigouya Ouagadougou, Burkina Faso $10,000.00

St. Gemma Galgani Sisters Morogoro, Tanzania $10,000.00 Sisters of the Adoration of the Blessed Sacrament,

Corpus Christi Province Dimapur, India $10,000.00

Mother of Carmel Congregation, Pushparam Province Uttaranchal, India $10,000.00

Little Sisters of St. Francis, East of the Rift Valley Region Nairobi, Kenya $10,000.00

Diocese of Tuticorin Tamil Nadu, India $10,000.00



Discalced Carmelite Sisters, Warsaw Province Dywity, Poland $10,000.00

Franciscan Clarist Congregation, Amala Province Madhya Pradhesh, India $7,000.00

Lovers of the Holy Cross of Go Vap Ho Chi Minh City, Vietnam $10,000.00

Dominican Sisters, Monastery of St. Agnes Bogotá, Cundinamarca, Colombia $10,000.00

Order of St. Clare Quito, Pichincha, Ecuador $10,000.00

Cistercian Nuns of the Strict Observance Esmeraldas, Ecuador $10,000.00

Sisters of the Mother of the Eucharist Mocoa, Putumayo, Colombia $10,000.00

Discalced Carmelite Sisters of the Dominican Republic Bani, Provincia Peravia,


Discalced Carmelite Sisters of Colombia La Estrella, Antioquia, Colombia $10,000.00

Discalced Carmelite Sisters of Cuba Havana, Cuba $10,000.00

Discalced Carmelite Sisters of Ecuador Quito, Pichincha, Ecuador $10,000.00

Poor Clares, Monastery of the Most Holy Trinity Ahuacatlan, Nayarit, Mexico $10,000.00

Holy Cross Sisters, Juli Prelature Canto Grande, Lima, Peru $10,000.00

Sisters of Notre Dame, Omaha Province Omaha, NE, USA $10,000.00

Lovers of the Holy Cross of Go Vap Sea Tac, WA, USA $10,000.00

Dominican Sisters of Bethany Soacha, Cundinamarca, Colombia $10,000.00

Disciples of the Lord Jesus Christ Prayer Town, TX, USA $10,000.00

Benedictine Camaldolese Nuns Arusha, Tanzania $10,000.00

Archdiocese of Mobile Mobile, AL, USA $10,000.00


17

Sisters of Charity of Seton Hill, US Province Chicago, IL, USA $10,000.00

School Sisters of St. Francis Milwaukee, WI, USA $10,000.00

Poor Clare Monastery, Kamonyi Kigali, Rwanda $10,000.00

Bernardine Franciscan Sisters Reading, PA, USA $10,000.00

Sisters of St. Joseph of Cluny Igunga, Tabora, Tanzania $10,000.00

Atlantic-Midwest Province of the School Sisters of Notre Dame Baltimore, MD, USA $10,000.00

Carmelite Missionary Sisters of St. Therese of the Child Jesus Dar es Salaam, Tanzania $10,000.00

Archdiocese of Thanh-Pho Ho Chi Minh Ho Chi Minh City, Vietnam $10,000.00



Poor Clares Congregation Paray-le-Monial, France $10,000.00

Missionary Sisters of the Holy Family Orange Park, FL, USA $10,000.00

Sisters of Christian Doctrine, Colombia Province Bogotá, Cundinamarca, Colombia $10,000.00

Sisters of the Holy Family New Orleans, LA, USA $10,000.00

Dominican Sisters, Congregation of Blessed Imelda Bratislava, Slovakia $10,000.00

Sisters of St. Martha Congregation Kerala, India $3,000.00

Diocese of Hamilton Hamilton, Ontario, Canada $10,000.00

Sisters of Our Lady of Kilimanjaro Moshi, Tanzania $10,000.00

Diocese of Mbulu Mbulu, Tanzania $10,000.00

Congregation of the Sisters of St. Ann San Juan de Lurigancho, Lima, Peru $10,000.00

Missionaries of the Immaculate Conception Lilongwe, Malawi $9,000.00

Franciscan Sisters of Mary Immaculate, San Jose Province Cuenca, Azuay, Ecuador $10,000.00



Order of Poor Clares, Scutari Shkoder, Albania $5,000.00

Washington Middle School for Girls Washington, DC, USA $10,000.00

Daughters of Our Lady of the Holy Rosary New Orleans, LA, USA $10,000.00

Order of the Blessed Virgin Mary of Mt. Carmel,

Ancient Observance Burgos, Pangasinan, Philippines $10,000.00

Missionary Sisters of St. Benedict Zhytomyr, Ukraine $10,000.00

Sisters of Our Lady Queen of Africa Sumbawanga, Tanzania $10,000.00


Sisters of Our Lady Queen of the Apostles Mbeya, Tanzania $10,000.00

Immaculate Heart Sisters of Africa Musoma, Tanzania $10,000.00 Daughters of Mary Help of Christians,

Province of Our Lady of Peace Walkerville, Gauteng, South Africa $10,000.00


18

Brothers of the Holy Cross, Midwest Province Notre Dame, IN, USA $10,000.00

Benedictine Sisters, St. Placid Priory Lacey, WA, USA $10,000.00

Franciscan Sisters of the Eucharist Meriden, CT, USA $10,000.00

Little Sisters of St. Francis, East of the Rift Valley Region Nairobi, Kenya $10,000.00

Archdiocese of Dar-es-Salaam Dar-es-Salaam, Tanzania $10,000.00

Congregation of the Sisters of Nazareth, Christi Jyoti Province Uttar Pradesh, India $8,000.00

Archdiocese of Dar-es-Salaam Dar-es-Salaam, Tanzania $10,000.00

Carmelite Sisters of Our Lady of Bethlehem Boyacá, Colombia $10,000.00

Sisters of Mercy of the Holy Cross Kampala, Uganda $10,000.00

Sisters of Christian Doctrine, Province of Peru Calla, Lima, Peru $10,000.00

Missionary Sisters of the Cross of Chavanod, East Africa Delegation Dar es Salaam, Tanzania $10,000.00

Benedictine Nuns, Mary Mother of the Church Monastery Malaybalay City, Bukidnon,

$10,000.00

Dominican Sisters of Mary, Mother of the Eucharist Ann Arbor, MI, USA $10,000.00

Archdiocese of Tabora Tabora, Tanzania $10,000.00

Dominican Sisters of St. Cecilia Congregation Nashville, TN $10,000.00

Daughters of Mary Help of Christians, Mumbai Province Mumbai, India $10,000.00

Missionary Sisters of the Precious Blood, Congo Region Kinshasa, Democratic $10,000.00

Daughters of Mary Help of Christians of Northern India Meghalaya, India $10,000.00

Sisters of the Order of St. Benedict, St. Martin Monastery Nassau, Bahamas $10,000.00

Order of Poor Clares Pietravairano, Italy $10,000.00

Sisters of Charity of St. Vincent de Paul Singida, Tanzania $10,000.00

Poor Clares, S. M. Maddalena Monastery S. Agata Feltria, Italy $10,000.00

Order of St. Clare Pignataro Maggiore, Italy $10,000.00

Franciscan Sisters of Mary Immaculate, San Jose Province Piura, Peru $10,000.00

Franciscan Missionary Sisters of Jesus and Mary Cali, Valle del Cauca,

$10,000.00

Franciscan Clarist Congregation Generalate, Nirmalrani Province Morogoro, Tanzania $10,000.00


Catholic SchoolsCatholic SchoolsCatholic Schools

Many times Catholic schools are the only symbol of a Catholic presence in the area, and provide not only an education for the local children, but their families as well. Religious men and women throughout the world administer in Catholic School, teaching religious education and conducting spiritual counseling. It is due to their dedication that many children worldwide receive not only a good education but

an introduction into the Catholic faith.

The Koch Foundation provides support to resource poor areas where Catholic Schools are the only means of evangelization. The Foundation also funds

innovative programs that have the potential for providing future Church leaders.

19

“Jesus said, ‘Let the children come to me; do not prevent them, for the kingdom of God belongs to such as these.’”

Mark 10:14

Dominican Sisters, Congregation of Blessed Imelda, Ukraine Missionary Sisters of the Blessed Sacrament, Karnataka, India

Dominican Sisters, Congregation of Blessed Imelda, Slovakia


20

Diocese of Fargo Fargo, ND, USA $20,000.00


Diocese of Ogdensburg Ogdensburg, NY, USA $11,000.00

Our Lady of Mount Carmel Congregation Lacombe, LA, USA $10,000.00

Diocese of Superior Superior, WI, USA $10,000.00

Archdiocese of Galveston-Houston Houston, TX, USA $8,000.00

Archdiocese of San Antonio San Antonio, TX, USA $10,000.00

Diocese of Pittsburgh Pittsburgh, PA, USA $10,000.00

Society of Jesus, Wisconsin Province Milwaukee, WI, USA $15,000.00

Ursuline Sisters of St. Jerome in Somasca Dumaguete City, Negros

Oriental, Philippines $12,000.00

Diocese of Charleston Charleston, SC, USA $10,000.00

St. Luke Foundation for Haiti Dumfries, VA, USA $10,000.00

Diocese of Hinche Port-au-Prince, Haiti $15,000.00

Diocese of Orlando Orlando, FL, USA $15,000.00

Diocese of Springfield in Illinois Springfield, IL, USA $11,000.00

Pharr Oratory of St. Philip Neri School System Pharr, TX, USA $10,000.00

Archdiocese of Washington Washington, DC, USA $15,000.00


Sisters of Notre Dame de Namur, Zimsa Province Johannesburg, South Africa $10,000.00

Diocese of Camden Camden, NJ, USA $15,000.00

Diocese of San Isidro Buenos Aires, Argentina $10,000.00

Prefecture Apostolic of the Marshall Islands Majuro, MH, USA $10,000.00

Diocese of Belleville Belleville, IL, USA $10,000.00

Missionary Franciscan Sisters, Immaculate Conception Newton, MA, USA $10,000.00

Resurrection Catholic Missions of the South, Inc. Montgomery, AL, USA $4,000.00

Archdiocese of Kansas City in Kansas Kansas City, KS, USA $12,000.00

Society of Jesus, Czech Province Jecna, Praha,

Czech Republic $10,000.00

Congregation of the Sisters of the Holy Cross Notre Dame, IN, USA $15,000.00

Archdiocese of Tabora Tabora, Tanzania $10,000.00

Holy Spirit Sisters Morogoro, Tanzania $10,000.00

Diocese of Jeremie Jeremie, Haiti $10,000.00

Diocese of Moshi Moshi, Tanzania $10,000.00

Diocese of Zilina Zilina, Slovakia $5,000.00


21

Order of Friars Minor, Province of St. Thomas the Apostle Karnataka, India $10,000.00 Daughters of Mary Help of Christians,

Mary Immaculate Province San Antonio, TX, USA $10,000.00

Notre Dame de Namur Sisters, California Province Belmont, CA, USA $10,000.00

Assumption College for Sisters Mendham, NJ, USA $15,000.00

Diocese of Raleigh Raleigh, NC, USA $10,000.00

Augustinian Order, Our Mother of Good Counsel Province Chicago, IL, USA $10,000.00



Diocese of Bukoba Bukoba, Tanzania $10,000.00

Archdiocese of Seattle Seattle, WA, USA $10,000.00

Missionary Sisters of St. Ann Luzern, East Africa Province Arusha, Tanzania $10,000.00


Gregorian University Foundation New York, NY, USA $15,000.00

Marist Brothers of the Schools Bayonne, NJ, USA $10,000.00


Daughters of St. Francis de Sales Mlolongo, Kenya $10,000.00

Congregation of the Mother of Carmel, Chavara Region Dar-es-Salaam, Tanzania $10,000.00

Diocese of Kansas City-Saint Joseph Kansas City, MO, USA $10,000.00

Archdiocese of Omaha Omaha, NE, USA $12,000.00

Sisters of the Destitute Kerala, India $6,000.00

Sisters of the Adoration of the Blessed Sacrament Madhya Pradesh, India $9,000.00

Congregation of the Mother of Carmel Morogoro, Tanzania $10,000.00

Diocese of El Paso El Paso, TX, USA $10,000.00

Diocese of Gallup Gallup, NM, USA $10,000.00

Sisters of Charity of Nazareth Nazareth, KY, USA $10,000.00


Archdiocese of Miami Miami Shores, FL, USA $10,000.00

Archdiocese of Kisumu Kisumu, Kenya $10,000.00

Carmelite Sisters of St. Teresa of San Jose La Esperilla, Santo Domingo,


Brothers of the Christian Schools, Midwest District Burr Ridge, IL, USA $10,000.00

International Dominican Foundation Metairie, LA, USA $10,000.00

Institute of Brothers of the Christian Schools General Curia Roma, Italy $10,000.00

Archdiocese of Portland in Oregon Portland, OR, USA $10,000.00

Diocese of Savannah Savannah, GA, USA $10,000.00


22


Diocese of Great Falls-Billings Great Falls, MT, USA $10,000.00


Diocese of Oakland Oakland, CA, USA $10,000.00

Franciscan Clarist Congregation, San Damiano Province Uttar Pradesh, India $9,000.00

Franciscan Clarist Congregation, San Damiano Province Uttar Pradesh, India $9,000.00

Sisters of St. Louis, California Region Woodland Hills, CA, USA $10,000.00

Marist Brothers of the Schools Bayonne, NJ, USA $10,000.00

Diocese of Springfield-Cape Girardeau Springfield, MO, USA $10,000.00

Diocese of Palm Beach Palm Beach Gardens, FL, USA $15,000.00

Catholic Education Foundation Kansas City, KS, USA $10,000.00

Diocese of Savannah Savannah, GA, USA $10,000.00

Diocese of Wichita Wichita, KS, USA $10,000.00


Diocese of Arlington Arlington, VA, USA $10,000.00

Society of Mary - District of Asia Davao City, Philippines $10,000.00




Missionary Sisters of the Cross of Chavanod,

East Africa Delegation Dar es Salaam, Tanzania $9,000.00




Salesians of St. John Bosco, San Francisco Province San Francisco, CA, USA $10,000.00

Diocese of Kansas City-Saint Joseph Kansas City, MO, USA $10,000.00

Regina Luminis Academy Downingtown, PA, USA $10,000.00


Missionary Congregation of the Evangelizing Mbagathi, Nairobi, Kenya $10,000.00

Sisters of Mercy of the Holy Cross Kampala, Uganda $12,000.00

Diocese of Springfield-Cape Girardeau Springfield, MO, USA $15,000.00

Thomas More College of Liberal Arts Merrimack, NH, USA $10,000.00

Diocese of Gallup Gallup, NM, USA $20,000.00

Diocese of Birmingham Birmingham, AL, USA $10,000.00

Congregation of Christian Brothers, East African District Nairobi, Kenya $15,000.00


23

Archdiocese of San Antonio San Antonio, TX, USA $15,000.00

Catholic Charismatic Services of Dallas Texas, Inc. Dallas, TX, USA $10,000.00

Diocese of Dallas Dallas, TX, USA $10,000.00 Missionary Congregation of the Evangelizing

Sisters of Mary Mbagathi, Nairobi, Kenya $10,000.00

Providence College Providence, RI, USA $3,000.00


Sacred Heart Southern Missions, Jackson Diocese Walls, MS, USA $10,000.00




Dominican Sisters Mission Office, Philippines

Alphonsa Balikabhavan, Kerala, India Immaculate Heart of Mary Congregation,

Nha Trang, Khanh Hoa, Vietnam

Capital ExpendituresCapital ExpendituresCapital Expenditures

The Church is the voice of the poor, a place to find peace with God. It is often the shelter for not only the celebration of liturgical activities but also religious

education and pastoral meetings. In church, we are all united as children of God.

In many areas, the church is the main gathering place and offers opportunities to local people who may be seeking safety, or to learn more about the Catholic

faith. For some it is a beacon of hope and proof that they are loved.

The Koch Foundation provides support for the construction, repair, and renovation

of religious structures in the United States, its territories, and Haiti.

24

“The workers labored, and the task of restoration progressed under their hands. They restored the house of God according to its original form, and reinforced it.”

Chronicles 24:2

Disciples of the Cross Sisters, Szczecin-Stolczyn, Poland Marca Parish, Salaj, Oradea, Romania

Camaldolese Hermits of Mount Corona, Venezuela

Capital ExpendituresCapital ExpendituresCapital Expenditures

25

Society of the Little Flower Darien, IL, USA $10,000.00

Archdiocese of Portland in Oregon Portland, OR, USA $20,000.00

Archdiocese of Miami Miami Shores, FL, USA $1,000,000.00

Ave Maria Communications Ann Arbor, MI, USA $20,000.00

Little Sisters of the Poor Gallup, NM, USA $12,000.00

Sisters of the Incarnate Word and Blessed

Sacrament Congregation Victoria, TX, USA $10,000.00


Sacre Coeur Church, Port-au-Prince, Haiti Little Sisters of Saint Therese of Irbiere Froide, Port-au-Prince, Haiti

Jacmel Diocese, Jacmel, Haiti

Koch Foundation, Inc.Koch Foundation, Inc.Koch Foundation, Inc.

Financial StatementsFinancial StatementsFinancial Statements

March 31, 2014March 31, 2014March 31, 2014———March 31, 2015March 31, 2015March 31, 2015

INDEPENDENT AUUDITORS’ REPORT

To the Board of Direectors, Koch Foundation, IInc.:

We have audited thhe accompanying financial statemments of Koch Foundation, Inc., which comprise thestatements of assets, liabilities and net assets – moddified cash basis as of March 31, 2015 and 2014, andthe related statemennts of cash receipts and disbursemments and changes in net assets –– modified cash basis and cash flows – mmodified cash basis for the yearrs then ended, and the related nnotes to the financial statements.

MManagement’s Respponsibility for the Financial Staatements

Management is respponsible for the preparation annd f air presentation of these finnancial statements in ffaccordance with thee modified cash basis of accountting as described in Note 2; this includes determining that the modified cash basis of accounting is an aacceptable basis for the preparaation of the financialstatements in the ciircumstances. Management is aalso responsible for the design, implementation, and maintenance of inteernal control relevant to the prepparation and fair presentation off financial statementsthat are free from maaterial misstatement, whether duue to fraud or error.

AAuditors’ Responsibbility

Our responsibility is to express an opinion on tthese financial statements baseed on our audit. Weconducted our auditt in accordance with auditing ssta fndards generally accepted in the United States of America. Those staandards require that we plan annd perform the audit to obtain reasonable assuranceabout whether the financial statements are free of maaterial misstatement.

An audit involves pperforming procedures to obtain audit evidence about the amounnts and disclosures in the financial statemments. The procedures selectedd depend on the auditor’s judggment, including the assessment of the rrisks of material misstatement oof the financial statements, wheether due to fraud or ferror. In making thoose risk assessments, the auditoor considers internal control rellevant to the entity’s preparation and fairr presentation of the financial statements in order to design audiit procedures that are appropriate in the ciircumstances, but not for the purrpose of expressing an opinion oon the effectivenes f s ofthe entity’s internal control. Accordingly, we expresss no such opinion. An audit alsso includes evaluatingthe appropriatenesss of accounting policies used and the reasonableness of siignificant accounting estimates made by mmanagement, as well as evaluatinng the overall presentation of the financial statements.

W b li h h di id h b i dWe believe that the audit evidence we have obtaineed i ffi i d i id b i f is sufficient and appropriate tto provide a basis for ff our audit opinion.

Opinion

In our opinion, the financial statements referred tto above present fairly, in all mmaterial respects, the assets, liabilities andd net assets on the modified cashh basis of Koch Foundation, Inc. as of March 31, 2015and 2014, and its reeceipts and disbursements for thhe years then ended in accordannce with the modified cash basis of accounnting as described in Note 2.

BBasis of Accountingg

We draw attention tto Note 2 of the financial statemments, which describes the basiis of accounting. The financial statementss are prepared on the modifieed c f ash basis of accounting, which is a basis of accounting other thhan accounting principles generally accepted in the United Staates of America. Our opinion is not modiffied with respect to this matter.

Gainesville, Florida July 22, 2015

2015 2014

Cash and cash equivvalentsCash 63,837$ 99,737$ Money market fundd 37,069,727 41,164,897

Total cash and cash equivalents 37,133,564 41,264,634

InvestmentsCommon stock andd exchange traded funds 71,720,114 74,220,864 Private equity invesstments 2,212,036 2,919,814

Total investments 5 77,140,67873,932,150

Property and equipmment, net 324,913 324,434

Total assets 111,390,627$ 118,729,746$

Accrued expenses 39,803$$ 43,647$$

Net assets 5 118,686,099111,350,824

Total liabilities and nnet assets 111,390,627$ 118,729,746$

KOCH FOUNNDATION, INC.KOCH FOUNNDATION, INC.STATEMENNTS OF ASSETS, LIABILITIES AAND NET ASSETS - MODIFIED CASH BASIS

MARCH 31, 22015 AND 2014

ASSETS

LLIABILITIES AND NET ASSETSS

2015 2014Receipts

Interest 4,3799$ 2,975$ Dividends 1,594,4944 1,910,297 Tax refund 7,7677 4,670 Return of charitable distributions 118,3355 144,863

T t l i tTotal receipts 2 062 805 2,062,8051 724 97551,724,9755

DisbursementsCharitable distribuutions 6,819,0000 6,965,112Management and ggeneral expenses 543,7900 539,420Investment expensse 95,7144 94,357Foreign tax 4,6133 9,719Federal excise tax 264,1222 283,629

Total disburseements 7,892,2377,727,2399

Deficiency of receippts under disbursements before ggain on sale of investments and unrealized appreciation (deppreciation) of investments (5,829,432)(6,002,2644)

Gain on sale of inveestments 1,699,9511 13,107,100

Unrealized appreciation (depreciation) of investmennts (3,032,9622) 1,000,544

Total excess (deficieency) of receipts over disbursemeentsafter gain on salee of investments and unrealized appreciation (deppreciation) of investments ( , , )5 55 8,278,212 (7,335,2755)

Net assets, beginninng of year 118,686,0999 110,407,887

Net assets, end of yeear 111,350,8244$ 118,686,099$

KOCH FOUNNDATION, INC.KOCH FOUNNDATION, INC.STTATEMENTS OF CASH RECEIIPTS AND DISBURSEMENTS AAND

FOR THE YEARS ENDED MARCH 31, 2015 AND 2014CHANGES IN NET ASSETSS - MODIFIED CASH BASIS

2015 2014

Cash flows from opeerating activitiesExcess (deficiency) of receipts over disbursements affter

gain on sale of innvestments and unrealized appreciaation(depreciation) off investments (7,335,2775)$ 8,278,212$

Adjustments to recconcile excess (deficiency) of receippts overdisbursements affter gain on sale of investments andddisbursements affter gain on sale of investments andd unrealized unrealizedappreciation (deppreciation) of investments to net caash provided byoperating activitiies:

Depreciation 15,6994 13,983 Gain on sale off investments (1,699,9551) (13,107,100) Loss on dispossal of property and equipment - 94 Unrealized deppreciation (appreciation) of investmments 3,032,9662 (1,000,544) Proceeds fromm sale of investments 2,261,011 44,538,980 Purchases of innvestments (385,4994) (11,257,662) Increase (decreease) in accrued expenses (3,8444) 5,702

Net cash pprovided by (used in) operating actiivities ( , , ) 27,471,665(4,114,8997)

Cash flows from invvesting activitiesPurchase of properrty and equipment (16,1773) (55,206)

Net increase (decreaase) in cash and cash equivalentss ( ) 27,416,459(4,131,0770)

Cash and cash equivvalents, beginning of year 41,264,6334 13,848,175

Cash and cash equivvalents, end of year 37,133,5664$ 41,264,634$

KOCH FOUNNDATION, INC.KOCH FOUNNDATION, INC.STATEMENTS OF CASH FLOOWS - MODIFIED CASH BASISS

FOR THE YEARS ENDED MARCH 31, 2015 AND 2014

KOCH FOUNNDATION INCKOCH FOUNNDATION, INC.NOTES TO FINANCCIAL STATEMENTS

MARCH 31, 22015 AND 2014

(1) Business Orgaanization:

The Koch Foundatiion, Inc. (the Foundation), a Fllorida not-for-profit corporationn, was established in February 1979 as a private Florida foundation through a grant from Carl and Paulla Koch. The primary purpose of the Founndation is to invest funds for the generation of investment incomee, which is to be used to provide grants foor Roman Catholic activities thaat propagate the faith. Carl and Paula Koch were theprincipal donors off the Foundation. The distributtion of these donations is subjject to the Board of Directors’ (the Boarrd) approval All funds of the FFDirectors (the Boarrd) approval. All funds of the FFoundation are unrestricted as tthey are used for theoundation are unrestricted as tthey are used for theprimary purpose of tthe Foundation.

(2) Summary of SSignificant Accounting Principples:

(a) Basis of presentation—The Foundationn prepares its financial statemeents on the modified cash receipts aand disbursements basis of acccounting. All transactions are rrecognized as cash is received or paaid. Therefore, revenue and expeenses are recognized as cash is received or paid, and the related recceivables, payables and accrueed expenses are not reflected iin the accompanying financial statemments, with the exception of the following:

Unrealizeed gains or losses on investmentss, which arg , e recognized based onn fair market value. g

Accrued interest receivable is recordedd for interest due but not paidd as of year-end for investments in debt securities.

An accruued vacation liability has been accrued for the amount of each employee’s unpaid (unused) vacation balance.

Expendittures having an economic life oof more than one year are capiitalized as assets anddepreciatted over their estimated useful livves.

(b) Cash annd cash equivalents—For the purposes of reporting cash floows, the Foundation considers all hhighly liquid investments with ann orig y q ginal maturity of three monnths or less to be cashg yequivalents.

(c) Investmeents—Investments in equity seccurities with readily determinabble fair values and all investments inn private equity and debt securitiies are reflected in the accounts of the Foundation at fair value. For information on how the Foundattion determines fair value, see NNote 11.

Unrealized apppreciation and depreciation is based on the market value oof investments as of March 31 and recognized currently in the stateements of receipts and disbursemments and changes innet assets - moodified cash basis.

(d) Use of estimates—The preparation of ffinancial statements in conformiity with the modified cash basis of aaccounting requires managemennt to makg q g e estimates and assummptions that affect thepreported amouunts of assets, net assets, receiptts and disbursements during the reporting period and the disclosure of contingent assets and liabillities at the date of the financiaal statements. Actual results could ddiffer from those estimates.

KOCH FOUNNDATION INCKOCH FOUNNDATION, INC.NOTES TO FINANNCIAL STATEMENTS

MARCH 31, 2015 AND 2014

(2) Summary of Significant Accounting Principples: (Continued)

(e) Depreciiation—Property and equipmeent is stated at cost. The Foundation computesdepreciation uusing the straight-line method ovver the following estimated usefuul lives:

Years

Offffice building and improvements 40Furrniture and fixtures 5 Coomputer equipment 3

(f) Tax staatus—The Internal Revenue Seervice has determined that the Foundation is exempt from federal income tax under Section 501(cc)(3) of the Code. The Code immposes an excise tax of 2% (reducedd to 1% if certain requiremennts are met) on net investmennt income of privatefoundations.

The Foundatiion files income tax returns in thhe U.S. federal jurisdiction. Thee Foundation’s income tax returns foor the past three years are subjeect top y j examination by tax authorrities, and may change y , y gupon examinaation.

The Foundation has reviewed and evaluated the relevant technical merits of each of its tax positions in accordancee with accounting principles generally accepted in the United States of America foraccounting foor uncertainty in income taxes, annd determined that there are no uuncertain tax positionsthat would haave a material impact on the finanncial statements of the Foundatioon.

(g) Subsequuent events—The Company hhas evaluated events and transactions for potentialrecognition or disclosure in the financial staatements through July 22, 2015, the date the financial statements weere available to be issued. No subbsequent events have been recoggnized or disclosed.

(3) Concentratioon of Credit Risk:

At March 31, 20155 and 2014, the Foundation haad demand deposits and money market accounts with local and national banks amounting to $37,369,4119 and $41,525,975, respectivelyy. The Foundation has no policy requiringg collateral to support these deeposits, although amounts are feederally insured up toFDIC limits.

(4) Federal Exciise Tax:

In accordance withh the applicable provisions of thee Tax Reform Act of 1969 (the AAct), the Foundation isbj i i isubject to an excisee tax on net investment income, ii l di li d i d fi d i h Aiincluding realized gains, as definned in the Act.

In addition, the Acct requires that certain minimumm distributions be made in accorddance with a specified formula. As of Maarch 31, 2015 and 2014, the Fooundation had distributions in eexcess of the required minimum for the cuurrent year.


MARCH 31, 2015 AND 2014

(5) Property andd Equipment:

The following is a summary of the components of pproperty and equipment as of Maarch 31:

2015 20114

Office buildiing and improvements $ 356,322 $ 3556,322Furniture andd fixturesFurniture andd fixtures 65,865,82020 14414477,,205205Computer eqquipment 108,335 994,184Software 42,300 442,300

572,777 6440,011Less: Accummulated depreciation (247,864) (3115,577)

$ 324,913 $ 3224,434

Depreciation expeense was $15,694 and $13,9833 for the years ended Marchh 31, 2015 and 2014, respectively.

(6) Related Partties:

i d ffii h d i ifi iDirectors and offiicers have made significant coontrib i f h i i d i i hbutions of their time and services to assist the Foundation in its iinvestment activities. The estimmated fair market values of theese contributions wereapproximately $3444,000 and $342,000 during the yyears ended March 31, 2015 and 2014, respectively. Asthe Foundation reccords its financial statements on the modified cash basis, these ccontributions have not been recognized in the financial statements.

(7) Employmentt Contracts:

As required by a teerminated employment contract, a former officer began receiviing retirement benefits from the Foundatiion of approximately $8,000 per year during January 1995. TThe benefit paymentscontinue throughouut the life of the officer and the oofficer’s spouse. Payments of $77,568 and $8,256 were made during the yeears ended March 31, 2015 and 2014, respectively, and were inccluded in management

d l di band general disburssements.

The Foundation haas an employment contract withh an Executive Director, which automatically renewsfrom year to year ffor successive one year terms unnless terminated by either partyy. The contract can be prematurely terminnated if the employee voluntary terminates the contract (must giive 60 days’ notice) orthe employee is innvoluntarily terminated with cause. The contract provides, aamong other things, a stipulated salary annd annual retirement benefits.

(8) Employee Beenefit Plan:

The Foundation spponsors a Simplified Employee Pension Plan (the SEP Plann) and a §403(b) Tax Deferred Annuity Plan (the §403(b) Plan) to provvide for retirement benefits for the employees of theFoundation Under the SEP Plan each eligible empploFoundation. Under the SEP Plan, each eligible empployee maintains an individual rretirement account intoyee maintains an individual rretirement account intowhich the Foundatiion makes contributions. The Fooundation has committed to conttribute eight percent of all participating emmployees' annual compensation tto the SEP Plan each year. The §403(b) Plan provides for participating eemployees to voluntarily deducct tax-deferred amounts from their gross wages topurchase tax-deferrred annuities. The Foundation haas no future obligations related too the §403(b) Plan and is charged approximmately $1,300 a year to maintainn the plan option for employees. Benefits in both plans are fully vested immmediately upon contribution. Coontributions of $20,969 and $20,361 were made during the years ended March 31, 2015 and 2014, respectively, and were included in maanagement and general disbursements.


MARCH 31, 2015 AND 2014

(9) Risks and Unncertainties:

The Foundation innvests in various investment seccurities. Investment securities aare exposed to various risks such as interrest rate, market, and credit rissks. Due to the level of risk associated with certain investment securities, it is at least reasonably possiible that changes in the values of investment securitieswill occur in the neear term and that such changes coould materially affect investment account balances and the amounts reporteed in the statements of assets, lp e , iaabilities, and net assets – modifieed cash basis.,

(10) Investments::

The Foundation’s investments consist of the followwing at March 31:

2015 2014 Cost Fair Value Costt Fair Value

Common stock and exchangetraded fundds $ 45,775,8836 $ 71,720,114 $ 45,4544,837 $ 74,220,864

Private equitty investments 1,667,6649q y , , 2,212,036, , 2,1099,459, , 2,919,814, ,Total Investmments $ 47,443,4485 $ 73,932,150 $ 47,5644,296 $ 77,140,678

(11) Fair Value MMeasurements:

The fair value meaasurement accounting literature pprovides the framework for meaasuring fair value. Thatframework providees a fair value hierarchy that pprioritizes the inputs to valuatioon techniques used to measure fair value.. The hierarchy gives the highestt priority to unadjusted quoted prices in active markets for identical assetss or liabilities (Level 1 measuremments) and the lowest priority tto unobservable inputs (Level 3 measuremments). The three levels of the fairr value hierarchy are described bbelow:

l 1 h l i h d lLevel 1 – IInputs to the valuation methodoloogy are u dj d d i f id i lnadjusted quoted pricess for identical assets orliabilities in active markets that the Founddation has the ability to access aas of the measurement date.

Level 2 – IInputs to the valuation methodoloogy include: (1) quoted market pprices for similar assetsor liabilitiees in active markets, (2) quotedd prices for identical or similar assets or liabilities in inactive maarkets, (3) inputs other than quooted prices that are observable foor the asset or liability, and (4) inpputs that are derived principallyy from or corroborated by obserrvable market data by correlation or other means. If the asset or lliability has a specified (contractual) term, the Level 2 input must be observable for substantially tthe full term of the asset or liabillity.

L l 3 II t t th l ti th d llLevel 3 – IInputs to the valuation methodollogy are u b bl d i iffi t t th f i lnobservable and signifficant to the fair value measuremeent. Unobservable inputs are thhose that reflect the Foundatioon’s own assumptions ffabout the aassumptions that market participaants would use in pricing the assset developed based on the best innformation available. These typpes of amounts due from externnally managed private equity inveestments are determined based onn information provided by the prrivate equity firm.


MARCH 31, 2015 AND 2014

(11) Fair Value MMeasurements: (Continued)

The asset’s fair vallue measurement level within thhe fair value hierarchy is based on the lowest level of any input that is significant to the fair value measuurement. Valuation techniques uused need to maximize the use of observabble inputs and minimize the use oof unobservable inputs.

Following is a desccription of the valuation methoddog p logies used for assets measureed at fair value. Therg e have been no changges to the methodologies used at March 31, 2015 and 2014.

Common sttock and exchange-traded funds – Valued at quoted market pricees.

Private equuity investments – Valued at thee net asset value of the units heldd by the Foundation at year end, aas reported by the investment mannager.

Since the private equity investments are valuedd utilizing unobservable inputss, and do not permit redemption at the mmeasurement date, such investmments are classified within Levell 3. These investments are presented in thhe accompanying financial stateements at fair value, as determinned by the investment manager. The invvestment manager’s determinatiion of fair value is based upoon the best availableinformation providded by the underlying limited paartnership the private equity funnds invest in and mayincorporate managgement assumptions and best eestimates after considering a vaariety of internal and external factors.

The general partneers of the underlying investmentt partnerships generally value thheir investments at fair value. Securities wwith no readily available market aare generally valued according too the market approach, which attempts too apply a fair value standard by referring to meaningful thiird-party transactions, comparable public market valuations and/or the iincome approach. Considerationn is also given to thefinancial conditionn and operating results of the isssuer, the amount that the investtment partnerships can reasonably expect to realize upon the sale of the securities, and any other factorrs deemed relevant. Asecurity can be carrried at acquisition price (cost) iif little has changed since the innitial investment of thecompany and acquuisition price is most representaative of fair value. Securities with a readily availablemarket (listed on aa securities exchange or traded in the over-the-counter market)) are valued at quotedmarket prices or at an appropriate discount from such price if marketability of the securities is restricted.

Investments, other than the underlying diversified iinvestment partnerships, for whicch price quotations are not readily availabble, shall be valued at fair vallue as determined by the Geneeral Partner. For such investments, managgement applies comparable transsaction multiples and/or comparable trading multiples, where such comparrable multiples are available andd appropriate, and/or a discountted cash flow analysis,where appropriate,, to estimate fair value. The GGeneral Partner establishes valluation processes andprocedures to ensurre that the valuation techniques ffor investments are fair, consisteent, and verifiable. The General Partner’s vvaluations are reviewed by the innvestment manager’s valuation ggovernance process on a quarterly basis wwhich includes the investment coommittee. The investment commmittee is comprised of the investment mannager’s management and compliaance members.

The preceding methhods described may produce a ffair value calculation that may nnot be indicative of netrealizable value orr reflective of future fair values. Furthermore, although the Foundation believes itsvaluation methods are appropriate and consistentt with other market participantss, the use of different methodologies or aassumptions to determine the faiir value of certain financial instrruments could result in a different fair valuue measurement at the reporting ddate.

KOCH FOUUNDATION INCKOCH FOUUNDATION, INC.NOTES TO FINAANCIAL STATEMENTS

MARCH 311, 2015 AND 2014

(11) Fair Value Measurements: (Continued)

The following tabble summarizes the assets of thee Foundation for which fair valuues are determined on arecurring basis as of March 31, 2015 and 2014, reespectively:

March 31, 2015 Levell 1 Level 2 Leveel 3 Total

E h t d d f dExchange-traded funds Domestic stock index $ 2,6558,150 $ - $ - $ 2,658,150Domestic small cap 16,4779,081 - - 16,479,081International 11,5337,950 - - 11,537,950

Common stock Domestic largee cap 39,7338,922 - - 39,738,922International 1,3006,011 - - 1,306,011

Private equity invvestments - - 2,2112,036 2,212,036

Total assets at faiir value $ 71,7220,114 $ - $ 2,2112,036 $ 73,932,150

March 31, 2014 Levell 1 Level 2 Leveel 3 Total

Exchange-traded funds Domestic stock index $ 2,6999,400 $ - $ - $ 2,699,400Domestic small cap 16,5553,493 - - 16,553,493International 12,0777,300 - - 12,077,300

Common stock Domestic largee cap 40,9111,857 - - 40,911,857International 1,9778,814 - - 1,978,814

Private equity invvestments - - 2,9119,814 2,919,814

Total assets at faiir valueTotal assets at faiir value $ 74 2220 864$ 74,2220,864 $$ - $ 2 9119 814$ 2,9119,814 $ 77 140 678$ 77,140,678

Following is a deescription of the significant investment strategies of each major category of investmentsthat calculate neet asset value per share and are not in an active market (Level 2 and Level 3 measurements):

Private equiity investments – To provide lonng-term capital appreciation and current income through investments in limited partnerships, which invest in diversified portfolios rranging from short-term to long-termm instruments, as described beloww.

KOCH FOUUNDATION INCKOCH FOUUNDATION, INC. NOTES TO FINAANCIAL STATEMENTS

MARCH 311, 2015 AND 2014


Level 3 assets weere 2.99% and 3.79% of total investment assets at fair value at March 31, 2015 and 2014, respectively. Thee following table presents chaanges in the Foundation’s Levvel 3 investment assets measured at fair vvalue on a recurring basis for thee years ended March 31, 2015 and 2014:

PrivateEquityEquity

Investments

Balance, March 331, 2013 $ 3,010,626

Realized gains 252,986Unrealized gainns relating to instruments still helld at

the reporting ddate 244,555Purchases 57,500Distributions (645,853)

Balance, March 331, 2014 2,919,814

Realized gains 345,084UnrealizedUnrealized losseeslossees relating to instruments still heeld atrelating to instruments still heeld at

the reporting ddate (211,212)Purchases 60,000Distributions (901,650)

Balance, March 331, 2015 $ 2,212,036

The realized gainns and unrealized gains and lossees relating to instruments still heeld at the reporting date in the schedule abbove are reported in the statemennt of cash receipts and disbursemments and changes in net assets-modified ccash basis under the line items ggain on sale of investments and unrealized depreciation (appreciation) of iinvestments.

The following taable discloses certain additionaal inThe following taable discloses certain additionaal information as of March 311 2015 related to theformation as of March 311, 2015, related to the Foundation’s inveestments in private equity investmments:

Description Fair Value Unfunded

Commitments

Commonfund Cappital Private Equity Partners VI, LP(a) $ 9335,208 $ 116,175

Commonfund Cappital International Partners V, LPP(b)

8225,129 77,156Commonfund Cappital Venture Partners VII, LP(c)

4551,699 24,000Total $ 2,212,036 $ 217,331

(a)––This categoryy includes private equity funds thhat offer the investor the opportuunity to invest in private equity transactionns, such as growth equity finaancing, leverages buyouts, acquuisitions and/or industry consolidations, reecapitalizations and restructurinngs. Traditionally, private equity investments seek to earn returns subsstantially above those on publlicly traded stocks over a longg term (7 to 10 years) investment horizoon and to further diversify the eqquity component of an investmennt portfolio. This fund is invested 85% in tthe United States. Redemptions do not apply; these are closed ennded limited partnership investments.

KOCH FOUUNDATION INCKOCH FOUUNDATION, INC.NOTES TO FINAANCIAL STATEMENTS

MARCH 311, 2015 AND 2014


(b)––This categoryy includes private equity funds that seek to generate higher retturns over the long term than those generrally available on the foreign listed securities exchanges thrrough investments in adiversified portfoolio of international private capital funds and to further diversiffy the equity component of a nonprofit insstitution’s investment portfolio. This fund is invested 37% in Europe. Redemptions do not apply; these aare closed ended limited partnership investments.

(c)––This categoryy includes private equity funds that aim to give investors the oopportunity to earn long term capital apprreciation by investing in early sttage, high growth private companies, principally in the information technnology and life sciences/healthccare fields. Traditionally, ventture capital investmentsseek to earn returrns above those in publicly tradded stocks over a long-term investment horizon, and tofurther diversify the equity component of an invvestments portfolio. This fund is invested 86% in the United States. Reedemptions do not apply; these aare closed ended limited partnersship investments.

4421 NW 39th Avenue4421 NW 39th Avenue4421 NW 39th Avenue

Building 1, Suite 1Building 1, Suite 1Building 1, Suite 1

Gainesville, FL 32606Gainesville, FL 32606Gainesville, FL 32606---7211 USA7211 USA7211 USA

Phone 352.373.7491 · Fax 352.337.1548Phone 352.373.7491 · Fax 352.337.1548Phone 352.373.7491 · Fax 352.337.1548

www.thekochfoundation.orgwww.thekochfoundation.orgwww.thekochfoundation.org

AANN NN UU AALL R REEPP OO RRTT 2 2001155 ......and to propagate the Roman Catholic faith by...

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Transcript of AANN NN UU AALL R REEPP OO RRTT 2 2001155 ......and to propagate the Roman Catholic faith by...