Abbey Foundation of Oregon
“On hearing the signal for an hour of the divine office, the monk will immediately set aside what he has in hand and go with utmost speed … Indeed, nothing is to be preferred to the Work of God.” (Rule 43:1-3)
2016 annual report 2 | The Abbey Foundation of Oregon
“Seek the things that are above.”
(Colossians 3:1) from the president
Dear Friends, We send you this annual report with grateful hearts, in recognition of your dedication and devotion to the life-changing mission of Mount Angel Abbey. As the Abbey Foundation of Oregon’s new president, I am blessed and inspired by the leadership of Abbot Jeremy Driscoll, O.S.B., our outgoing president, Jeff Yandle, and our gifted and hard-working Board of Trustees. During the board’s annual retreat, Abbot Jeremy helped us clarify the role of the Abbey Foundation. Yes, we have a mighty mission – to help implement the vision of the monks, to ensure the Abbey’s financial vitality, and support its ministries. More than that, however, we are here to “help the monks be monks.” That means we are called to help the monks preserve the Hilltop as a place of peace and Officers prayer – where superb priests are formed – right here in the middle of our confused and suffering world. More than we realize, we rely on the quiet power of our Mount Angel monks Abbot who join Christ six times each day in prayer, and show us what it means to follow the path to Rt. Rev. Jeremy Driscoll, O.S.B. Mount Angel Abbey holiness. I am deeply grateful that you share this mission with us. You and your gifts have made an President extraordinary difference to Mount Angel Abbey and Seminary this year. In fact, the Foundation Christopher Corrado has seen a seven percent increase in gifts over the past year. President-Owner Environments Even more than your gifts, we are blessed by you! This year, I hope you will introduce Mount Angel to your family and friends. Come pray with the monks, enjoy a meal and a Hilltop tour, or find refuge from your busy schedule in the Guesthouse and Retreat Center. Mark your calendar Vice-President Brian Jackson and plan to attend the Seminary Benefit Dinner in Portland, on November 6, 2016, or the Owner Seminary Benefit Dinner in Eugene, on March 5, 2017. Your presence truly is a blessing to our Brian C. Jackson, Architect LLC fine men who will offer the light of Christ to their parishes. And don’t miss the third annual Saint Benedict Festival, on July 8, 2017, where you will Secretary encounter the heart of Benedictine hospitality. Enjoy a farm-to-fork picnic on the Hilltop, John Meek accompanied by prayers, music, lawn games, beer and wine tastings, monk-led tours and an Managing Member Arcadia Consulting atmosphere of joy. There is no place in the world like our Hilltop! Thank you for claiming the Abbey’s holy mission Treasurer as your own. May you be richly blessed as you share your blessings. Rev. Martin Grassel, O.S.B. ’01 Abbey Foundation Treasurer Sincerely yours in Christ, Procurator Mount Angel Abbey
Past President Jeff Yandle Senior Managing Director Chris Corrado, President First Republic Investment Management Abbey Foundation of Oregon
our mission : The Abbey Foundation of Oregon promotes the financial vitality of Mount Angel Abbey by seeking special project funding and long-term endowments for the monastery, seminary, retreat and guest programs, and library. † Deceased The trustees of the foundation work collaboratively with the Abbot of Mount Angel Abbey to implement the monastic com- munity’s Benedictine vision of prayer and work in service to the Church in western Oregon and beyond. Annual Report 2016 | 3
board of trustees
Abbey Foundation Board Welcomes New Trustees Trustees Joanne DiBenedetto Burdick As a kitchen designer since 1979 with her own firm, Msgr. Donald Buxman ’62 DiBenedetto Design, Joanne has followed in the creative footsteps of her architect Vicar for Clergy (retired) Archdiocese of Portland in Oregon father, Americo P. DiBenedetto, FAIA. Married to David Burdick and the mother of two, she graduated from St. Mary’s Academy and Montana State University. She is Joanne DiBenedetto Burdick a member of St. Thomas More parish and, in addition to many volunteer roles, has Owner served on the annual Seminary Tea Committee since 1995. DiBenedetto Design Mike Fahey Mike recently retired as President and CEO of Columbia Helicopters, Gene Dieringer President Inc., a role he held for 17 years. He served the firm as a key leader for 40 years. Mike Dieringer’s Properties, Inc. graduated with a degree in accounting from Portland State and served for many years on the Abbey Foundation’s Seminary Benefit Dinner committee. He and his wife, Stephen English ’66 Penny, are the parents of three children and grandparents of nine; they are active Partner Perkins Coie LLP members of St. Joseph’s parish in Vancouver. Mike Fahey John Limb Publisher and CEO of Oregon Catholic Press, John moved from Kentucky President and CEO (Retired) to Oregon to join the firm as an editor in 1986 and was promoted to his current role in Columbia Helicopters, Inc. 1992. John graduated from the University of Louisville with degrees in philosophy and Linda Keizer literature. In 2008, Pope Benedict XVI named him a Knight of the Papal Order of St. Owner Gregory the Great. He resides in Portland with his wife Kim and two children, and is a Southern Oregon Storage member of Sacred Heart parish.
Paul Keller Patrick Regan Pat has served as Senior Director of Development with the Portland Tax Director State University Foundation since 2014. Previously, he held a similar role with the Apercen Partners LLC OHSU Foundation for eight years and served as the Director of Alumni Relations at the John Limb University of Portland for nine years. Married to Noreen and the father of Madeline, Publisher and CEO Monica and Mollie, he is a member of St. Thomas More parish. Since 1990, he and Oregon Catholic Press Noreen have been actively involved with the Retrouvaille ministry. Katie Maag Fr. Chuck Wood ’00 Newly appointed pastor of St. Wenceslaus parish in Scappoose, Pediatric Oncology Nurse OHSU Doernbecher Children’s Hospital Fr. Chuck formerly served as Associate Pastor at Our Lady of the Lake in Lake Oswego. An alumnus of Mount Angel Seminary, he is a member of the Brotherhood Patrick Regan of the People of Praise, a small group of men committed to the celibate life, who live in Senior Director of Development community. He serves on the boards of De La Salle Catholic College Preparatory High Portland State University College of Liberal Arts & Sciences School and Catholic Charities of the Archdiocese of Portland. Michael Tate ’62 William (Bill) Zuelke As the founder and principal of Awakening to Holiness, Bill President works full time in his private practice as a spiritual director, retreat director, and in adult A-Professional Fire Systems Co. education. Formerly Dean of Students at Marylhurst University, Bill is married to Val Fr. Chuck Wood Hornburg and the father of Noelle. He is an active member of Holy Family parish in Pastor Portland, and is a member of the Abbey’s Saint Benedict Festival and Abbey Relations St. Wenceslaus committees. Scappoose, Oregon Stephen Zimmer Chairman of the Board Custom Decorators William Zuelke Founder Awakening to Holiness 4 | The Abbey Foundation of Oregon
Endowment Support
Gifts to endowed funds at Mount Angel Abbey and Seminary provide annual financial support for generations to come
The Abbey Foundation of Oregon invests endowed funds, allowing the Abbey and seminary to spend a portion of the income earned from the investments each year. The remainder is added to the original principle, which continues to grow. This extends the impact of our benefactors’ support into the future. Some donors choose to create restricted endowed funds for a particular purpose, such as seminary education, facilities improvements or monastery support; the money in that fund can be used only to advance that purpose. Others establish unrestricted funds that further the Abbey’s mission; the Abbey has the freedom to determine which priorities the funds will support. Establishing a new endowment fund in honor or memory of a loved one creates a legacy for the benefactor and for Mount Angel Abbey and Seminary. The minimum amount required to establish a permanently endowed fund is $50,000. Many benefactors create a fund and make annual contributions until the fund crosses the endowment threshold. Our development staff would be happy to work with you to help turn your ideas into living endowments. For information, please contact Jodi Kilcup, Director of Development, at [email protected] or 503-928-0173.
Restricted Endowments Academic Center Fund Leo Meysing Seminary Fund Anselm Hall Improvement Fund Jackie and George Miller Endowment Fund Archbishop Robert J. Dwyer Annual Lecture Series Monastery Endowment Fund Archbishop Robert J. Dwyer Art Collection Fund Queen of Angels Burse Archbishop Robert J. Dwyer Chair in Humanities Reasoner Library Endowment Fund Bishops’ Permanent Seminary Fund Retired Monk Fund Rev. Fred Brenner Seminary Burse Msgr. James J. Ribble President Rector’s Fund Brother Michael Fund Rev. Bernard Sander Burse Chair of Theology Fund Clarence Schmidt Endowment Fund Bob and Evelyn Dieringer Family Fund Eugene Schulte Fund Ellis Bell Tower Fund Seminary Pastoral Formation Fund Ray J. Glatt Endowment Fund Jack D. and Helen E. Soder Fund Ann F. and Joseph G. Galarneau Endowed Fund Robert M. and Cecelia A. Stuckart Fund John M. Glavey Fund Terry Terhune Fund Archbishop William H. Gross Burse Lawrence and Elva Tokarski Fund John R. Harrigan Seminary Fund Jean and Howard Vollum Fund Arlene M. Harris Fund John and Philomena Weber Endowment Fund Rev. Geza Havass Scholarship Fund Clarence M. Whipple Burse Alfred J. Huber Fund Art and Vivienne Wiese Fund Colette L. and Colette E. Maddox Seminary Endowment Fund Edwin E. Mayer Fund Vernon Mercier Fund Annual Report 2016 | 5
Unrestricted Endowments Margaret Avison Fund Lawrence and Veronica Frank Fund Queen of Angels Burse a s a e s Bernard and Retha Bachand Fund Gerald Gaines Estate Pauline Rivera Fund in millions a s a e s Steve and3.0 Linda Beaird Family Fund Lloyd J. Garrow Family Fund Henriettain millions Saalfeld Fund Lyle Carter2.5 Fund Wilma Gore Fund 3.0 Seminary Facilities Fund Joseph and2.0 Ernestine Cote Family Fund Regina Gruss Fund 2.5 Frances Dolores Sharpe Fund James J. Davies1.5 Fund Robert and Rose Harris Fund 2.0 Ted and Fran Van Veen Fund Marcella Decker1.0 Fund Florence S. Kennedy Fund 1.5 Archbishop John G. Vlazny Fund Maurice J.0.5 Dhulst Estate Library Investment Fund 1.0 Edward White Fund Evelyn DiPietro0.0 Fund Mary Alice Lynch Fund 0.5 Aileen Winter Fund 2012 2013 2014 2015 2016 0.0 John Zellner Fund Jerry Dolezal Fund Elie and Hilda Nougier Fund 2012 2013 2014 2015 2016 Charles and Patricia Duffy a sse s Fund Michael F. Parsons Fund Raymond and Clara Fesslerin millionsFund John Phillipich Fund a sse s 40 in millions 35 40 30 35 25 30 a s a e s The Year in Review 25 20 in millions 3.0 July 1, 2015 – June 30, 2016 15 20 2.5 10 15 2.0Total Assets...... $ 34.1 million 5 10 1.5Total Endowment *...... $ 19.3 million 0 5 2012 2013 2014 2015 2016 1.0Total Revenues, Gains and Other Support...... 0 $ 2.9 million 2012 2013 2014 2015 2016 0.5Total Foundation Support Provided to Mount Angel Abbey...... $ 3.8 million 0.0 * Endowment2012 includes2013 2014donor-restricted 2015 2016endowments, board-designated endowments and undistributed endowment earnings. a d e a sse sin millions a d e 25 in millions in millions 40 25 2035 20 30 15 25 15 1020 15 10 5 10 5 05 2012 2013 2014 2015 2016 0 0 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016