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DIOCESE OF BAKER PROPERTY MAINTENANCE FUND
OVERVIEW
In 2008, an anonymous donor gifted to the Diocese monies to establish the Diocesan Properties Maintenance Fund. This Fund will provide annual support to all the properties of the Diocese, such as the Chancery, Retreat Center, Bishop Vasa’s and Bishop Connolly’s residences, Camps, and other current and future properties of the Diocese.
When one looks to the future for 20-50-100+ years, the needs of maintenance of properties will grow. It is with great thankfulness that this fund has been established to serve the needs of many in the Diocese of Baker.

FOUNDED
(1989)
2007

PURPOSE
ST. FRANCIS
TUITION SUPPORT


SUPPORTS
CATHOLIC
EDUCATION

DISTRIBUTIONS
RESTRICTED
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DistributionHalf of the fund's interest is divided among St. Thomas Academy, St. Thomas Parish, and a Diocesan fund for priests.
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Catholic ContextThe 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.
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ReinvestmentThe other half of the interest is reinvested to increase the fund's overall value.
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FundingThe 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.
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ImpactThe distributions are unrestricted, allowing the recipients to use the funds as they see fit.
DETAILS TO CONSIDER


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