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CLERGY RETIREMENT
(AGENCY) FUND

OVERVIEW

Early in 2008, the Priest’s retirement fund was transferred to the Foundation from Massachusetts Mutual. The Foundation manages the assets, as agent, for the Priest’s Retirement Committee. The Diocesan finance office makes the retiree monthly payments.

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FOUNDED
2008
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PURPOSE
CLERGY HEALTH
& RETIREMENT
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SUPPORTS
DIOCESIAN
PRIEST
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DISTRIBUTIONS
RESTRICTED
  • Distribution
    Half of the fund's interest is divided among St. Thomas Academy, St. Thomas Parish, and a Diocesan fund for priests.
  • Catholic Context
    The fund operates within the framework of the Catholic Church, specifically the Diocese of Baker, and is named after St. Jude, a patron saint within the church.
  • Reinvestment
    The other half of the interest is reinvested to increase the fund's overall value.
  • Funding
    The fund is primarily supported by the donor's long-term estate planning, with a portion of the funding being ongoing and the major contribution occurring upon the donor's death.
  • Impact
    The distributions are unrestricted, allowing the recipients to use the funds as they see fit.

DETAILS TO CONSIDER

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Contact Us

CONTACT US

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HEAR FROM DONORS

I’m grateful to have been able to contribute to the Legacy of Faith Endowment Fund. It’s a meaningful way to support the future of our church, ensuring it can continue to serve the community and nurture faith for generations to come. I’m honored to be part of such a wonderful mission.

- Legacy of Faith Donor
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