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Joseph & The Children by Joseph Turkaly
St. Joseph School Educational Trust Fund
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Trust Fund bus logoThe 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 Council members serve as the Trust Fund Committee).

Upon the decision to close St. Joseph School in 2010 due to declining enrollment, the pastor, Fr. Michael Garvey, requested permission from the Parish Council and the Finance Council to use the principal as well as any interest to help pay school bills.
In April of 2010 he then
asked for official approval to close out the School Trust Fund (referring to Declaration and Agreement of Trust document's termination section)

TERMINATION. The Trust shall continue forever unless Parish Council (by a vote of seventy-five percent of its members) terminates it and distributes all of the principal and income, which action may be taken by the Parish Council at their discretion at any time. On such termination, the Trust Fund as then constituted shall be distributed to or for the use of one or more charitable organizations as defined in Section 501(c) of the Internal Revenue Code, in such amounts and for such charitable purposes as the Parish Council shall then elect and determine. The Grantor authorizes and empowers the Parish Council to form and organize a non-profit corporation limited to the uses and purposes provided for in this Declaration of Trust, such corporation to be organized under the laws of any state or under the laws of the United States as may be determined by the trustees; such corporation when organized to have power to administer and control the affairs and property and to carry out the uses, objects, and purposes of this Trust. Upon the creation and organization of such corporation the Trustee is authorized and empowered to convey, transfer and deliver to such corporation all the property and assets to which this Trust may be or become entitled. The charter, by-laws and other provisions for the organization and management of such corporation and its affairs and property shall be such as the Parish Council shall determine, consistent with the provisions of paragraph (j).

To view the complete St. Joseph School Educational Trust Fund Declaration and Agreement of Trust, please click here.

Trust Fund Intentions will be a part of weekend Masses once every two months.

Printed Class List of the deceased in whose memory contributions are made to the Trust Fund is available upon request or you may click here for a printable list (requires Adobe Acrobat Reader).

In the past, the interest has been used for the purchase of:

  • Plaques, Stationary, and Postage Expenses
  • School Risers (1987)
  • Helped with payroll when funds were tight (1990)
  • Paid for a portion of the Hall floor (1992 Eagle Scout project)
  • Technology Improvements for the Computer Lab and Classrooms
  • New Entrance Doors throughout the school facility
  • Key Pad Door Entrance System on east side of school
  • Helping with School Debt the year of it's closing (2010)

 

 

 

 

 

 

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Last Updated February 3, 2012

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Liturgical Year & Parish Happenings A Quality Festival Since 1964 Opportunities That Invite & Challenge You On Your Journey Of Faith A Legacy of Quality Catholic Education (1962-2010) Links To The Many Groups, Committees & Ministries Of St. Joseph's A Historical Look At St. Joseph Mission & Church (1864 to date)