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benefit from this endowment.
Earnings will be distributed to the schools in
order to enhance teacher salaries, curriculum development, tuition
assistance and operating and capital expenses.
Religious
Education and Youth Ministry Endowment – $4 million goal
All parish
Religious Education and Youth Ministry Programs will share the earnings of
this endowment for ongoing training of the Director/Coordinator of Religious
Education and/or Youth Ministry, training of catechists and youth group
volunteers and supplement library and media resources.
Seminarian
Education and Priest Continuing Education Endowment – $8 million goal
The earnings of this endowment will assist in paying for the education and
related expenses of the seminarians associated with the Rockford Diocese.
The earnings will be also designated to educate priests in special fields of
knowledge needed by the Diocese.
Assistance Fund
for Needy Parishes and Schools Endowment – $3.5 million goal
The earnings from this endowment will be awarded to qualified parishes and
schools in the priority areas of tuition assistance, capital projects and
debt relief.
Priests’
Retirement – $2.5 million goal
The earnings from this endowment will be distributed to the Rockford Diocese
Clergy Retirement Program and be used to increase the benefits of the
retired and disabled diocesan clergy who have given their lives in service
to the people of the Diocese.
United in Faith Campaign Update
As of December 31, 2007
The United in Faith Campaign
is in its sixth year of pledge redemption. For most donors, this Campaign is
complete. If you have not completed your pledge we encourage you to continue to make regular payments.
Below are the results as of December 31, 2007:
$5,500,000 was allocated for Diocesan Stewardship
2001
$4,475,125 to Parishes in rebates
$6,934,050 to Catholic Schools Endowment
$6,985,722 to Seminarian Education Endowment
$3,467,025 to Religious Education and Youth Ministry
Endowment
$3,034,766 to Needy Parishes and Schools Endowment
$2,139,009 to Diocesan Priests Retirement Pension Endowment
(Campaign Expenses and Reimbursements to
3 Parishes which conducted approved capital campaigns as part of the United
in Faith Campaign complete the financial picture.)
The United in Faith President
Appointed Committee (PAC) made the following distribution of earnings decisions at
their August 28, 2007 Annual Meeting.
$2,309,973 has been distributed to the recipients of the United in Faith
Endowments during September 2007 as follows:
-
$709,546: to all Catholic
elementary and High Schools on a per student basis
-
$354,773: to all Parish
Religious Education & Youth Ministry Programs on a per student basis
-
$311,726: to 23 poor parishes
and schools for special projects
-
$715,047: to assist with
seminarian education program
-
$218,881: to assist the Diocesan
Priests Pension Program
$819,136 is being returned
to the Corpus as a hedge against inflation.
$2,244,933 is being held in
Retained Earnings for future contingencies.
$5,190,628 has been awarded to the case
recipients since distributions began in 2003!
Those who benefit from the UIF endowments are
deeply appreciative of your sacrifices and generosity. Thank you.
Graphics
Resources
Below
are graphics intended for parishes to download and place in their bulletins.
Right-click your mouse button on the item desired and select "Save
Target As" then select a directory to place the graphic and click save.
They are in tagged image file or tif format. We
encourage you to use these resources.
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