14
Four County Catholic September 2011
The Catholic Foundation Awards More than $332,000 Grants Will Help Fund Tuition Assistance, Outreach & Infrastructure Projects The Catholic Foundation has awarded $332,721 in grants to students, churches, schools and Submitted by Tom O’Brien
organizations serving our Diocesan community. The numerous initiatives made possible by these 330 grants help serve elementary and high school students, seminarians, the homeless, prison chaplains, parishioners and countless individuals and their families. The majority of the grants were provided to families seeking to provide a Catholic education for their children. The grants were distributed by Bishop Michael R. Cote at the 2011 Catholic Foundation of the Diocese of Norwich Award Dinner which was held Thursday, August 11th at the Cathedral of St. Patrick in Norwich.
Norwich, CT (860) 887-7468 www.mmpct.com New London, CT (860) 701-9171 www.mmpnl.com
The 2011 grants (tuition and non-tuition) were made from the unrestricted endowment of The Catholic Foundation ($203,874) and the restricted funds of The Catholic Foundation ($128,847), which included The Bishop Hart Fund For the Homeless, The Seton Scholarship Fund, The Eric B. Evans Scholarship Fund, The Theodora Goberis Trust, The Elsie F. and J. Marshall Brown Endowment Fund, The Mary E. Curtin and Rev. J. Clifford Curtin Endowment Fund, The Eugene and Anne O’Neill Endowment Fund, The Rev. Robert W. Talmadge Endowment Fund, The Ann Lachowicz Trust, The Gordon and Ann Jackson Trust, The Charles and Jane Pelletier Endowment Fund, The David Endowment Fund, The Joseph J. and Elizabeth A. Morrone Endowment Fund, The Rev. Richard F. Roughan Scholarship Fund, The William F. Jr. and Flora L. O’Neil Scholarship Fund, The St. Francis of Assisi Parish, Lebanon Endowment Fund, and The St. Mary Star of the Sea Parish, New London Endowment Fund. The funding available for tuition assistance this year was dramatically increased by the success of The Seton Scholarship Fund which raised in excess of $37,000 at the inaugural Seton Scholarship
Dinner which was held at the Mystic Aquarium in December of 2010. This year’s Seton Scholarship Dinner is scheduled for Friday, November 18, 2011 at The Riverhouse at Goodspeed Landing in Haddam, CT. For additional information or to purchase tickets, please call the Diocesan School Office at 860.887.4086. The Catholic Foundation encourages Catholics to be good stewards through gifts of assets, provides for the investment of those assets and distributes the income according to the Gospel and the specific wishes of the donors. Endowments through the Foundation are a means to greater financial stability and growth for our Diocese and its entities. The Catholic Foundation is governed by a Board of Directors, composed of clergy and lay people. The Board’s objective is to pursue a conservative investment policy consistent with reasonable growth while prudently safeguarding the principal. The directors are leaders in their parishes and communities, and are accountable to both donors and re-
Transforming lives and offering individual growth through academic excellence, extracurricular involvement and Christian service to neighbor and community.
cipients. This accountability includes the professional investment of the Foundation’s assets while ensur-
Dariy Tereshchenko, 9 years old, 4th grade, St. Joseph’s School, Rockville proudly accepting tuition assistance grant at the 2011 Catholic Foundation Awards Dinner. ing that the funds are disbursed to assist the religious, charitable and educational works of the Diocese, its parishes, schools and agencies. The Catholic Foundation was established in 2000 through the generosity of parishioners to our Diocesan initiative: Response of Faith. The spending policy of the Foundation calls for the disbursement of interest income only and
is designed to benefit parishes, schools and ministries throughout the Diocese with a particular emphasis on education. Since its inception in 2000, the Foundation has distributed $2,201,723 to help improve and expand upon the ministry of Christ in our communities. The Catholic Foundation exists to support the spiritual, educational and social outreach efforts of our local Catholic community, and we do so by encouraging compassionate giving to further serve the community’s needs. The Catholic Church is a vital force in our lives, helping us meet life’s toughest challenges and guiding us in our quest for spiritual growth. Will the Church be able to meet the needs of future generations as well? You can make sure that the answer is a resounding “yes”! Make a planned gift to The Catholic Foundation of The Diocese of Norwich and you can establish an endowed fund that will build a stronger Church for our children and grandchildren. An endowment is a gift of assets which, when invested, provides income in perpetuity. The asset base grows through sound investment and from additional gifts. Endowments allow us to extend Stewardship beyond our lifetime. For further information check our our website at www.norwichdiocesedevelopment.org.
Hurricane Season is around the corner. Call for a FREE Safety Assessment and Consultation. Fully Insured We’re Only a Phone Call Away!
Accepting students in grades 6-12. For more information, contact Admissions at 860.848.1271 or visit www.saint-bernard.com
Over 25 Years Experience • References Available • Call Mark Roberts
1593 Norwich-New London Tpke. Uncasville, CT 06382 A Xaverian Brothers sponsored school for young men and women
860-464-TREE (8733) 860-429-TREE (8733) 800-Arborist (272-6747)