Diocesan News

The Catholic Foundation Celebrates Turning 10 with a $330,956 Distribution

FOUNDATION BOARD - The 2010-11 board of directors for the Catholic Foundation of the Diocese of Lincoln are (front, from left) Michael Henkenius, Jim Mach, Msgr. John Perkinton, Msgr. Liam Barr, Phil Froeschl, Bishop Fabian Bruskewitz, Mary Jo Bousek, Chere Kane, Gene Buhman, (back) Doug Pfeifer, Les Mach, Mike Klein, Father John Sullivan, Dr. John Crotty, Rick Lange, Ron Smith, Jim Essay, Vickie Malleck, Dr. Dan Mazour, Peg Welch, Msgr. Timothy Thorburn, Mike Mullally.

New Members Welcomed to Board of Directors

LINCOLN (SNR/CF) - The Catholic Foundation of the Diocese of Lincoln announced its latest distribution of $330,956 as part of it semi-annual disbursement from its endowments and funds. This distribution puts total giving since its inception at more than $5.9 million.

Retired priests, Catholic elementary schools, religious education programs, St. Gregory the Great Seminary, the Newman Center on the University of Nebraska’s campus, and a wide variety of organizations benefited from this latest distribution.

This year marks the Foundation’s 10-year anniversary. It began in 2000 after the completion of the Diocesan wide Crossing the Threshold Campaign, which raised over $28 million, $11 million of which started the first two endowment funds, the Priests’ Retirement Endowment and the Grade School/Religious Education Endowment. In 10 years, the Foundation has grown from three funds to 44 different endowments and funds valued at $28.9 million. All assets are restricted for various Catholic schools, parishes, and organizations.

At its August board meeting, The Foundation welcomed four new board members; Chere Kane of Ss. Mary and Joseph Parish in Valparaiso; Mike Klein of All Saints Parish in Holdrege; Vickie Malleck of St. Patrick Parish in McCook; and Peg Welch of St. Cecelia Parish in Hastings.

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