The Catholic Foundation of Eastern Pennsylvania welcomed five new partners recently. The partners, from Berks, Lehigh and Schuylkill counties, started six new funds supporting parishes, Catholic schools, a cemetery and a residential program for adults with special needs.
“Leaders at our parishes, schools and ministries, as well as their donors, continue to see the benefits of working with the Catholic Foundation to independently manage their long term funds,” said Pete Waldron, President of the Catholic Foundation. “They also appreciate the added value of helping them market and grow their funds to ensure they have future income to fulfill their missions forever.”
The Catholic Foundation currently works with 105 partners to manage $40 million in assets in 136 funds. The new partners and their funds include:
All Saints Parish Endowment Fund – McAdoo
This fund provides support for liturgical programs and projects, community programs and projects, special parish programs, human resources, maintenance, and capital improvements , and if needed, provide supplemental funding to meet the day-to-day needs for All Saints Parish in McAdoo, PA.
All Saints Parish Cemetery Fund, McAdoo
This fund supports the perpetual care & maintenance of nine cemeteries managed by All Saints Parish, McAdoo. The fund is the 25th cemetery fund managed by the Catholic Foundation.
St. Michael the Archangel School Elementary Campus Endowment Fund, Coopersburg
Thanks to the generosity of Tom and Lynn Yaeger, this fund provides support for academic programs, special programs, scholarships, maintenance and capital improvements at St. Michael the Archangel School Elementary School Campus in Coopersburg. The Yaegers started the fund now and also named it as a beneficiary of an IRA account after their death.
St. John the Baptist Parish Fund, Allentown
The fund provides support for parish programs and activities, liturgical programs, liturgical sanctuary items or fixtures, special programs, maintenance and capital improvements at St. John the Baptist Parish in Allentown, PA.
Dayspring Homes Fund, Reading
The fund provides support for residential living and Life Sharing programs, day program activities, client services, special programs, maintenance and capital improvements at Dayspring Homes, Inc. in Reading, PA.
Good Shepherd Catholic School Fund, Northampton
The fund provides support for academic programs, special programs, scholarships, maintenance and capital improvements, and if needed human resources, budgeted utilities, and other day-to-day needs at Good Shepherd Catholic School in Northampton, PA.
