5 Pastors Create New Parish Funds With Catholic Foundation

Four pastors in Northampton County and one pastor in Berks County started new parish endowment funds with the Catholic Foundation of Eastern Pennsylvania during the past fiscal year.  A total of six funds were created to support parish programs and activities, special programs, liturgical programs and fixtures, maintenance and capital improvements.  

Parishes creating parish funds include:

Why Create New Parish Funds With the Catholic Foundation?

In addition to a general parish endowment fund, Sacred Heart Parish in Bethlehem created a separate building fund to provide support for current and future building programs/projects, maintenance, and capital improvements at the parish.

As a 501(c)(3) charitable organization, independent from the Diocese of Allentown, the Catholic Foundation will manage the long-term assets. It also will work with the five parishes to market and grow all the endowment funds with particular focus on planned giving such as gifts in a will, and IRA, insurance and investment beneficiary programs.

“The Catholic Foundation helps us focus on the long-term,” said Rev. Anthony Mongiello, pastor of St. Anne Catholic Church, Bethlehem. “Healthy endowment funds will make a tremendous difference for the future of our parish.”

Assumption BVM Parish and School Endowment Funds
Immaculate Conceptions Create Parish Funds
Sacred Heart Bethlehem Create Parish Fund
St. Elizabeth of Hungary Parish and Cemetary, Pen Argyl