Couple establish science scholarship endowment to honor mentors(5/22/2023)-Shyam and Kathleen Suchdeo firmly believe people don’t succeed on their own. “We stand on people’s shoulders,” Shyam (pronounced Shaum Such-dev) says. “A lot of people, both visible and invisible, play an important part in shaping our lives.” “And there is God,” Kathleen added. The Rose Marie & William Scharle ACCHS Science Scholarship Endowment Fund… Continue Reading >
Board Leaders Provide Best Oversight, Solid Investment Expertise to Benefit Partners’ Funds(5/22/2023)-The Catholic Foundation of Eastern Pennsylvania's Investment Committee brings experience and knowledge that benefits every endowment. Problem solved. Paul Huck is a problem solver. Whether as a mathematics major graduated from the United States Naval Academy or as the Chief Financial Officer of Air Products and Chemicals, Huck faced many challenges. And whether serving in… Continue Reading >
Declared Distributions Surpass $3M Mark(5/22/2023)-During its first year of offering distributions in 2016, the Catholic Foundation of Eastern Pennsylvania declared a little more than $28,000 in distribution for one endowment fund. Fast forward to today and the Catholic Foundation declared more than $900,000 in distributions to the beneficiaries of 54 eligible endowment and donor designated funds. This record amount… Continue Reading >
Early Donors Push Sr. Janice Memorial Fund Past $100,000(4/19/2023)-Since its inception three months ago, 32 donors have made gifts to the endowment fund started in memory of Sister Janice Marie Johnson, R.S.M. who died in early January 2023. More than $100,000 has been raised to date for the Sr. Janice Marie Johnson R.S.M. Persons With Disabilities Ministry Endowment Fund with the Catholic Foundation.… Continue Reading >
Four Pastors Create New Parish Endowment Funds(4/19/2023)-Three pastors in Bethlehem and one pastor in Pen Argyl started new parish endowment funds with the Catholic Foundation of Eastern Pennsylvania. The funds were created to support parish liturgical programs and activities, as well as ongoing maintenance and capital improvements of the parish physical plants. “A strong, healthy endowment will make a tremendous difference… Continue Reading >
Perpetual Funds Maintain Cemeteries, Ease Budget Pressure on Parishes(4/19/2023)-Cemetery funds are essential for the long-term maintenance and upkeep of Catholic cemeteries. A cemetery fund can provide a reliable and sustainable source of income to cover ongoing costs such as landscaping, monument preservation, and general maintenance. The Catholic Foundation manages 24 cemetery funds for parishes located in the Diocese of Allentown. These perpetual care… Continue Reading >
Priest Starts Endowment to Support Future of Diaconate ministry(3/16/2023)-Eight years ago, Monsignor Michael Chaback, then the Director of the Office for Permanent Diaconate Formation for the Diocese of Allentown, presented 47 men to then Bishop John Barres to be ordained as deacons. You read that number correctly: four – seven. According to the Center for Applied Research in the Apostolate (CARA) at Georgetown… Continue Reading >
Due Diligence Pays Off, Donors Establish Catholic School Fund(3/16/2023)-Catholic school education has played an integral part in Michael and Christine Ippoliti’s lives. Both are graduates of Catholic schools. As long-time parishioners of Our Lady of Perpetual Help Parish in Bethlehem, the Ippolitis’ four daughters are alumna of OLPH elementary school. Michael also serves on the OLPH School Board. “Knowing the impact Catholic education… Continue Reading >
Beneficiary Designations to Catholic Endowments Provide Long-Term Impact, Avoid Estate Taxes(2/13/2023)-Beneficiary designations can be a great way to leave a forever gift to your favorite Catholic cause, avoid estate taxes and lessen inheritance tax for heirs. A person’s life-long impact on the world does not need to stop at their death. Naming a favorite Catholic cause’s endowment fund as a beneficiary on a life insurance policy,… Continue Reading >
Catholic Schools Week Celebrates Key Outcomes of Catholic Education(2/2/2023)-Each year, Catholic Schools Week recognizes the unique strengths that are at the heart of Catholic education: rigorous academics, unwavering faith, guiding principles, and service to others. It is because of these strengths that almost 50% of endowment funds invested by donors with the Catholic Foundation of Eastern Pennsylvania support Catholic schools and scholarships. “Strong academic… Continue Reading >
