Catholic Foundation
8
Seeds of Faith
Tuition Assistance Grants to Be Awarded for the 2020-2021 School Year Monica Herman
Executive Director Catholic Foundation of Southern Minnesota mherman@catholicfsmn.org
�to atholic education realizes a threefold purpose proclaim God’s message of love, build commu-
nity, and provide service. The Seeds of Faith Tuition Assistance Endowment, established in 2004 and stewarded by the Catholic Foundation of Southern Minnesota, was created to aid families who seek a Catholic education for their children and who demonstrate financial need.
Congratulations!
Since our kick-off, the following parishes have met their goals for the 2020 Catholic Ministries Appeal:
Holy Family Kasson St. Ann Slayton St. Casimir Winona St. Joseph Waldorf St. Luke Sherburn St. Mary Lake Wilson St. Rose of Lima Lewiston
July 2020 w The Courier w dowr.org
An endowed fund is a way of giving that creates a permanent, continuous source of income for a ministry or mission as designated by donors. The Seeds of Faith Tuition Assistance Endowment was first established with a $2,000,000 portion from the extensive Seeds of Faith Campaign, which the Foundation prudently invests by following Catholic Responsible Investing principles. From investment earnings, more than $990,068 has been granted to families with financial need since 2012. The endowment will continue to grow, and with investment earnings each year, available funds for tuition assistance grants are expected from year to year. The distribution of funds for the 2020-2021 school year will follow the Seeds of Faith Campaign case statement. It promised:
…we will establish a $2,000,000 endowment fund designated to provide tuition assistance to parents who seek a Catholic education for their children and who demonstrate a financial need. This endowment also will respond to a special need to provide tuition funding for the newly arrived immigrants in our diocese.
Last year, 200 families received tuition assistance totaling $134,400. This year, 219 families will receive assistance totaling $135,800. Funds are also
Prayer for a Pandemic By CAMERON BELLM
May we who are merely inconvenienced Remember those whose lives are at stake. May we who have no risk factors Remember those most vulnerable. May we who have the luxury of working from home Remember those who must choose between preserving their health or making their rent. May we who have the flexibility to care for our children when their schools close
available specifically for Hispanic families who demonstrate financial need through the Foundation’s Rothwell Endowments. This year’s earnings will allow us to distribute $16,500 to 28 families for the 2020-2021 school year. The application and process is the same for Seeds of Faith funds and Rothwell funds. It is important to note that the funds “...will supplement, not replace, local efforts in providing parents with financial assistance. The Foundation will distribute annual earnings from this endowment in grants as assistance in tuition payments” (Seeds of Faith Case Statement). The intention of the Seeds of Faith Endowment is that “...no family shall be denied access to Catholic education because of the inability to pay.” Each year, the Catholic Foundation of Southern Minnesota receives letters from families who wish us to pass along their thanks to those who contributed to the Seeds of Faith Campaign. To those who generously contributed to the Seeds of Faith Campaign over a decade ago, thank you for touching the lives of others in this unique and much-needed way. The Catholic Foundation of Southern Minnesota is committed to maintaining and preserving the endowment for generations of Catholic students to come. The Seeds of Faith Tuition Assistance Endowment is stewarded by the Catholic Foundation of Southern Minnesota (EIN: 41-11691198), an independent Minnesota non-profit corporation that is tax exempt under the Internal Revenue Code section 501(c)(3). Contributions are used only for the benefit of designated purposes identified in the endowment statement of purpose and for no other purposes. To learn more about the Catholic Foundation of Southern Minnesota, visit www.catholicfsmn.org
Remember those who have no options. May we who have to cancel our trips Remember those who have no safe place to go. May we who are losing our margin money in the tumult of the economic market Remember those who have no margin at all. May we who settle in for a quarantine at home Remember those who have no home. As fear grips our country, Let us choose love. During this time when we cannot physically wrap our arms around each other, Let us yet find ways to be the loving embrace of God to our neighbors. Amen.
