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The
St. Joseph School Educational Trust Fund was established February 20,
1984, with the purpose to establish financial stability for our school
now and in the future. The Trust Fund is controlled jointly by Pastoral
Council, the Trust Fund Committee, and the Pastor of St. Joseph's (under
Fr. Garvey's pastorate, the Finance Committee members serve as the Trust
Fund Committee). The Finance Committee meets the first Thursday of the month (or as needed) at 7:00 p.m. in the Parish Center. If your talents and interests would help the Finance Committee, please contact Parish Office. MEMBERS
Article 1:
Name Article 2:
Purpose Article 3:
Objectives
Article 4:
Committee Make-Up Article 5:
Eligibility Article 6:
Membership and Terms Article 7:
Responsibilities of Members
Funding
from the Capital Campaign will be used for several purposes: Catholic Schools - $5,000,000 will be endowed to provide for two significant areas of need within our schools. $2.5 million will be earmarked for tuition assistance for our Elementary and High School students. By providing students with needs-based financial aid, this fund will enable us to help ensure that our Catholic Schools remain accessible to all of our families. An additional $2.5 million will benefit our Elementary Schools and High schools through direct grants. These endowment funds will enable the diocese and our parishes to help ensure the financial stability of our schools. Catholic Charities - $5,000,000 in various endowments and grants will be earmarked for Catholic Charities. An endowment fund of $3,000,000 will be created to ensure that the social service agencies of Catholic Charities can continue serving those who come to the door with pressing needs. To provide a steady flow of support for our Eastwood Village Housing complex in Youngstown, $200,000 will be endowed. Finally, $1,800,000 will be invested in social service special grants to support the continued development of social action ministries, a long-term affordable housing project in Ravenna and other housing needs. Diocesan Ministries Endowment - To provide financial support for diocesan ministry programs which include Youth and Young Adult Ministry, Lay Ministry Formation, Marriage & Family Ministry, Pro-Life and the Catholic Media Library. This campaign will establish a $3,500,000 endowment fund for Diocesan Ministries. Restoration of St. Columba Cathedral - The restoration of the Cathedral is beyond the financial resources available to the Cathedral parish community. Immediate funding is necessary to keep St. Columba functioning as the spiritual center of our diocese. $2,000,000 will be used for restoration and renovation along with maintenance of the building. Support for our Seminarians - Our diocese, like most nationwide, funds the entire cost of education for college seminarians (undergraduate studies) and Theology seminarians (graduate studies). There are currently 17 men in various stages of the formation process. The annual cost to the diocese is approximately $25,000 per seminarian. This campaign will add $1,500,000 to the existing endowments for the education of our seminarians. Our Lady of the Woods Pastoral Center - In 2003, the diocese purchased the former Sacred Heart Retreat and Renewal Center from the Missionaries of the Sacred Heart. We hope to enhance and dramatically expand the mission of this facility. At the direction of Bishop Tobin, a committee was established to explore the best uses of the property. This committee will also establish a phased approach to developing this property with both short and long term goals. This campaign will provide $1,000,000 in funding to continue the development process as well as initial renovation needs. 2005 Annual Bishop's Appeal - $4,000,000 - Each year, the Catholic Church in the Diocese of Youngstown provides the funding for a variety of ministries, programs and services to thousands throughout our diocese through the Annual Bishop's Appeal. These funds, raised throughout our Diocese in each and every parish, show the strength of our support for our communities with generous parishioners funding the broader mission of the Church. Since this capital campaign will take place in 2004 and 2005, the decision has been made to incorporate the 2005 Annual Bishop's Appeal into this campaign. It will return in 2006. Support of Our Local Parishes - $12,000,000 - Each parish in the diocese is asked to participate in this project. Once the parish reaches its 2005 Annual Bishop's Appeal Goal, the parish receives 40% of the funds raised up to their designated target. Once a parish exceeds their target, they receive 60% of all funds raised above that target. Parishes can use these funds for a multitude of needs including maintenance, debt reduction or other parish projects. WHAT DOES THIS MEAN FOR ST. JOSEPH'S? The target campaign goal for St. Joseph is $256,831.00 (4-year pledge commitment). Included in that goal is our 2005 Annual Bishop's Appeal goal of $27,766.00. St. Joseph Parish will receive 40% of all funds raised above the Annual Bishop's Appeal goal, up to our target campaign goal of $256,831.00. After surpassing our target campaign goal, we will receive 60% of all funds raised above and beyond our target. Here at St. Joseph Parish, we have the potential to receive at least $91,626.00, if we reach our goal. We will address the following needs with the proceeds: Establish a Building Fund for the building of a permanent church structure. Reserve a portion to be used for necessary Capital Improvements. Thank You!!! The Today's Sacrifice Tomorrow's Church Capital Campaign has been a huge success here at St. Joseph's. Many thanks to all of you who have responded so generously to this campaign. Once again, the support and kindness of St. Joseph Parishioners is overwhelming and outstanding! Rebate checks are being invested in a Certificates of Deposit. This is an historical event, the first diocesan-wide campaign in our 61-year history. It is only through prayer and sacrifices that we can make this historic project a success. St. Joseph Figures As Of 3/22/2010. . . Total Pledges:
$394,719.07 Cash Received
above the 2005 Bishop's Appeal Goal of $27,766: Cash Received
above the Parish Campaign Target of $265,831: Diocesan
of Youngstown The historic Today's Sacrifice . . . Tomorrow's Church Capital Campaign will have a lasting impact on the Church in the Diocese of Youngstown. Thanks to the generosity of 25,000 Catholic households, over $32 million was committed to the campaign which ended in January of 2006. An additional $6.4 million was committed at ten parishes conducting piggyback campaigns for designated parish purposes, i.e. construction or renovation. As of March 30, 2010, $24.2 million of the $32 million committed, has been collected. A balance of approximately $7.8 million is yet to be collected. As of March 30, 2010, the $24.2 million collected has been allocated to the campaign case elements as shown in the following chart:
If you have any questions about the Today's Sacrifice . . . Tomorrow's Church Campaign, please call Mr. Pat Palombo, Diocesan Director of Development, at 330.744.8451, ext. 325. |
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