PORTLAND — The Catholic Foundation of Maine recently announced that it will distribute over $890,000 to 97 endowment funds in 2015. The Parish of the Precious Blood, headquartered in Caribou, is earmarked for a share of the funding.
Catholic Foundation of Maine endowment funds benefit Catholic Charities Maine, parishes, Maine Catholic schools, vocations, and many benevolent ministries across the state. Endowment grants are awarded annually.
The Parish of the Precious Blood Endowment was among new endowments in the state that will benefit. Funds will assist with ministries at churches in Caribou, Presque Isle, Washburn, Fort Fairfield, Mars Hill, Limestone, Ashland, and Stockholm.
“All of the endowment fund distributions make a real difference in the lives of the students who will receive scholarships, the churches and parishes whose needs may be met through the endowment rather than an annual budget, and all those who seek out the vital services provided by the many ministries in our Catholic community,” said Elizabeth Badger, executive director of The Catholic Foundation of Maine.
The foundation was established in 2003 to provide people with the opportunity to support and create endowments that will enhance the work of the Catholic Church in Maine. The foundation manages the funds to ensure that the charitable wishes of the donors are carried out.
For more information or to discuss the advantages of making charitable gifts through The Catholic Foundation of Maine, contact Badger at (207) 321-7820 or elizabeth.badger@portlanddiocese.org.
