Description

The purpose of this account is to provide a perpetual source of income for the Light of the World retreat program at Holy Family Parish. The annual decisions for how much of the earnings to withdraw and how the funds should be utilized are to be made collaboratively by the current pastor, the current small community coordinator and the current evangelization director. The initial gift creating this account was made by Michael V. and Mary J. LaLoggia who recommended that the parish reinvest a portion of the earnings each year back into the corpus to provide a hedge against inflation.