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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 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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