Description

The annual earnings from this endowment will be added to the Rockford Diocese Priest Pension Fund to provide for modest increases to the current pension received by retired clergy. In the unlikely event that any of the ministerial needs outlined in this purpose statement cease to exist, or that funding for these needs becomes great enough that no additional funding is necessary, the United in Faith President-Appointed Committee will make recommendations to the Bishop regarding the use of continued endowment earnings.