Description

This endowment fund will provide for the theological education and necessary living expenses for seminarians committed to the Rockford Diocese. This endowment will also provide for tuition and living expenses for priests assigned to continue their professional educational development to meet critical needs of the diocese. 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 Diocesan Finance Council and the Diocesan College of Consultors will make recommendations to the Bishop regarding the use of continued endowment earnings.