Parish Sharing: $5,600,000
To ensure that all parishes benefit directly from the generosity of the faithful, 10 percent of cash collected in each parish for this proposed endowment campaign will remain at the parish level. The parish, at the direction of the pastor and his consultative bodies, may choose to endow those funds to benefit the future needs of the parish, or may use those funds for current needs. Once the parish reaches its target, one-half of all amounts collected in excess of the target will also remain at the parish level, in addition to the original 10 percent.
We are truly blessed that Mr. Paul Barsi, who led the 2000 United in Faith campaign for our diocese has come out of retirement to assist us with the Education/Catholic Charities Endowment Campaign and Parish Sharing. This will help enormously in keeping the campaign expenses to a minimum. Mr. Barsi will help the diocese assemble personnel to assist in the implementation of this proposed campaign. We estimate expenses incurred for the campaign will be approximately 1.5 percent of the funds raised in the campaign.
This proposed endowment campaign is an important step in our journey with Christ as we commit ourselves to securing strong parishes who strive for their students to receive a solid faith-based education. In addition, this proposed campaign will enable us to live Christ’s mission as we care for those in need.
Our last diocesan campaign in 2000, broadened funding for needy parishes and schools, religious education programs, formation of seminarians, and security for our retired priests. Your gifts are currently still funding these specific needs. This proposed campaign seeks to provide funding for all parishes and schools through tuition assistance, facility and technology improvements and parish sharing of funds raised to make our diocese strong for years to come. The communities we live in also benefit as we show Christ’s love for the marginalized through supporting and growing Catholic Charities programs.
Our first step in this process is a feasibility study to be conducted to test a $56 million goal in order to increase funding for tuition assistance, for facility and technology improvements, to strengthen parishes through parish sharing of funds and to grow Catholic Charities programs. The study process will assist us to determine our next steps. Your input, advice and guidance are a very important part of this process, and your participation will be greatly appreciated.