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2019 Annual Report

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2019 Annual Report Annual Report 2019 Something is happening here. Christ is here, and his coming brings us joy! from the president Let all who arrive be welcomed as Christ. Dear friends, What has marked the momentous years in your life? Weddings? Births? New ventures and adventures? The past year has been truly momentous for Mount Angel. Long-planned projects came to fruition —thanks to the unceasing prayers of our monks and friends, the generosity of our donors, and some dedicated beer fans! Benedictine Brewery opened its St. Michael Taproom to the public a year ago and has recently sailed through its second annual Oktoberfest with larger revenues and thumbs-up reviews. More important, the taproom’s guests enjoy meeting the monks and learning about Mount Angel. Join them! Have you had a chance to visit the newly re-opened Saint Benedict Guesthouse and Retreat Center? Its welcoming new spaces have inspired our guests and renewed the monks’ ministry of hospitality. Whether you live near or far, please consider reserving a room for the spiritual retreat your soul needs. It’s waiting for you. Thanks to careful planning, the Abbey’s historic library will be refurbished in time to celebrate its 50th anniversary in 2020. True to its Benedictine heritage, the library represents the tradition of sharing and preserving the best of theology and culture. Remember, if you live within a 50-mile radius of Mount Angel, you qualify for a library card. So much more has happened this year, including a nationwide downturn in priestly vocations and seminary enrollment. Mount Angel Seminary meets this trend with a spirit of confidence. The esprit de corps among our seminarians is palpable. They know they are discerning a transformative commitment to Christ’s Church, in a rich environment for formation, at a time when priestly service has never been more challenging, important or rewarding. Please let them know how much you support their calling and their hard work! We send this annual report with gratitude for you and the thousands who care about our holy Hilltop—and the quiet encounters with Christ that take place here every day. Sincerely yours in Christ, Brian Jackson, President Abbey Foundation of Oregon OUR MISSION OFFICERS TRUSTEES The Abbey Foundation of Oregon ABBOT SECRETARY Sr. Adele Marie Altenhofen, S.S.M.O. promotes the financial vitality of Rt. Rev. Jeremy Driscoll, O.S.B. John Limb President Mount Angel Abbey by seeking Mount Angel Abbey Publisher and CEO (retired) SSMO Ministries Corporation special project funding and Oregon Catholic Press Joanne DiBenedetto Burdick long-term endowments for the PRESIDENT Owner monastery, seminary, retreat and Brian Jackson TREASURER DiBenedetto Design guest programs, and library. The Owner Rev. Martin Grassel, O.S.B. trustees of the foundation work Brian C. Jackson, Architect LLC Abbey Foundation Treasurer Msgr. Donald Buxman collaboratively with the Abbot of Procurator Vicar for Clergy (retired) VICE PRESIDENT Mount Angel Abbey to implement Mount Angel Abbey Archdiocese of Portland in Oregon John Meek the monastic community’s Managing Member PAST PRESIDENT Gene Dieringer Benedictine vision of prayer and Arcadia Consulting Chris Corrado President work in service to the Church in President-Owner Dieringer’s Properties, Inc. western Oregon and beyond. Environments year in review Total Assets & Endowment (in millions) July 1, 2018 – June 30, 2019 50 Total assets .....................$35 million 40 Total endowment* . $22.6 million 30 Total revenues, gains and other support..............$9.3 million 20 Total foundation support provided to Mount Angel 10 Abbey and Seminary .........$16.6 million Total donors . 4,297 0 2015 2016 2017 2018 2019 Endowment Assets Percentage of gifts under $1,000......88% Estate Gifts (Legacy Society).............45 Total Gift Revenue (in millions) Living Legacy Society Members....... 335 *Endowment includes donor-restricted endowments, board-designated 10 endowments and undistributed endowment earnings. 8 6 4 2 0 2015 2016 2017 2018 2019 Contributions Estate Gifts Stephen English ’66 Linda Keizer Claire Schulte, C.P.A. Stephen Zimmer Partner Owner Chief Financial Officer Chairman of the Board Perkins Coie LLP Southern Oregon Storage Bigleaf Networks Custom Decorators Mike Fahey Paul Keller Michael Tate William Zuelke President (retired) Partner President Awakening to Holiness, Founder Columbia Helicopters, Inc. Apercen Partners LLC A-Professional Fire Systems Co. Dean of Students (retired) Marylhurst University Paulette Furness Bill Reed Donald Williams General Counsel (retired) Director of University Events (retired) Chief Operating Officer (retired) James Zuiches '61 Archdiocese of Portland in Oregon University of Portland Schwabe, Williamson & Wyatt P.C. Professor of Sociology and University Administrator (retired) Lynn Cayanus Jones Patrick Regan Fr. Chuck Wood ’00 North Carolina State University Former AFO President Executive Director of Philanthropy St. Wenceslaus 1 New Product Introduction Manager (retired) EOU Foundation (Eastern Oregon University) Scappoose, Oregon Philips Medical Systems/Ultrasound fromendowment the president Funds Mount Angel Monastery 2018 – 2019 Total number of monks: 55 Monks who professed their solemn vows: Br. Timothy Kalange Br. Ephrem Martinez Br. Bede Ramos Monks who professed their simple vows: Br. Charles Gonzalez Br. Ignatius Olivarez Br. Jesse Ochoa Br. Thomas Buttrick Monks buried in the Abbey cemetery: Fr. Benedict Suing Br. Francis Weigand Monastic discernment 2 retreatants: 43 what you care about can last forever Endowed gifts to Mount Angel provide annual financial support for generations to come and make a difference that is nothing short of eternal. Thanks to the individuals, families, and foundations listed below, the Abbey Foundation of Oregon was able to provide approximately $1 million to support the education and formation of seminarians and monks, the monks’ spiritual ministries, and the Hilltop facilities. Endowed funds are prudently invested by the Abbey Foundation, with 3-5 percent of the earned income provided to Mount Angel each year. Any remaining earnings are added to the original principal, which continues to grow and support Mount Angel’s mission in perpetuity. Academic Center Fund Ann F. and Joseph G. Galarneau Pauline Rivera Fund Endowed Fund Anselm Hall Improvement Fund Reasoner Library Endowment Fund Ray J. Glatt Endowment Fund Margaret Avison Fund Hon. Allen and Georgann Reel John M. Glavey Fund Endowed Fund Bernard and Retha Bachand Fund Wilma Gore Fund Msgr. James M. Ribble President Steve and Linda Beaird Family Fund Archbishop William H. Gross Burse Rector's Fund Bishops’ Permanent Seminary Fund Regina Gruss Fund Henrietta Saalfeld Fund Rev. Fred Brenner Seminary Burse John R. Harrigan Seminary Fund Rev. Bernard Sander Burse Brother Michael Fund Robert and Rose Harris Fund Clarence Schmidt Endowment Lyle Carter Fund Arlene M. Harris Fund Eugene Schulte Fund Chair of Theology Fund Rev. Geza Havass Scholarship Fund Seminary Pastoral Formation Fund John and Ernestine Cote Family Fund Alfred J. Huber Scholarship Fund Seminary Facilities Fund Nancy Curcio Fund Florence S. Kennedy Fund Frances Dolores Sharpe Fund James J. Davies Fund Library Investment Fund Jack D. and Helen E. Soder Marcella Decker Fund Endowment Fund Mary Alice Lynch Fund Maurice Dhulst Estate Bishop Kenneth G. Steiner Fund Colette L. Maddox and Colette E. Bob and Evelyn Dieringer Family Fund Maddox Seminary Endowed Fund Robert M. and Cecilia A. Stuckart Fund Evelyn DiPietro Fund Edwin E. Mayer Scholarship Fund Terry Terhune Endowed Fund Jerry Dolezal Fund Vernon Mercier Fund Lawrence and Elva Tokarski Fund Charles and Patricia Duffey Leo S. Meysing Seminary Fund Ted and Fran Van Veen Fund Endowment Fund Jackie and George Miller Fund Archbishop John G. Vlazny Fund Archbishop Robert J. Dwyer Annual Lecture Series Monastery Endowment Fund Jean and Howard Vollum Fund Archbishop Robert J. Dwyer Chair in Retired Monk Fund John and Philomena Weber Humanities at the Seminary Endowment Fund Elie and Hilda Nouguier Fund Archbishop Robert J. Dwyer Collection Edward White Fund Michael F. Parsons Fund of Art Maintenance Fund Art and Vivienne Wiese Fund Fund for Liturgy and the Arts in Ellis Bell Tower Fund Memory of Fr. Paschal Aileen Winter Fund BME Wilfred H. Epping Endowed Fund John Phillipich Fund Clarence M. Wipple Burse Raymond and Clare Fessler Fund John Philpot Seminary Endowment Fr. Jerome Young, O.S.B. Archivist Lawrence and Veronica Frank Fund Fund Endowed Fund Gerald Gaines Estate Fund Queen of Angels Burse John Zellner Fund 3 legacy society our statement of faith in the future The Legacy Society includes the generous friends listed below. They have chosen to create a significant impact long after their lifetimes by including the Abbey Foundation of Oregon in their estate plans, or have told us the foundation is named in their will, living trust, retirement plan, life insurance policy, bank account, or as a remainder designation in a charitable gift annuity or charitable remainder trust. Thank you! Sandi D. Abell Gary & Sally Carignan Rev. Msgr. J. Terrence Fitzgerald, Sharon Kaberline Rev. Henry L. Albrecht ’86 GeneAnn Carlino† Emeritus ’62 James M. Kane Donald ’50 & Gloria Amort Helen A. Carroll Patrick ’93 & Mary Fogarty Francis & Elaine Kanooth Vernon G. Arne Susanne C. Carson Robert & Patti Forsmann Linda & Dr. Russell† Keizer Gordon & Mary Atkins Michael & Cheryl Cebula Caroline & James† Fournier '50 Kathleen Keller† Dr. Frederic S. & Tina Auerbach
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