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I Will Praise the Lord While I Live; I Will Sing Praises to My God While I Have My Being.”

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I Will Praise the Lord While I Live; I Will Sing Praises to My God While I Have My Being.” Abbey Foundation of Oregon “I will praise the Lord while I live; I will sing praises to my God while I have my being.” – Psalm 146:2 2017 annual report 2 | The Abbey Foundation of Oregon Annual Report 2017 | 3 “Seek the things that are above.” (Colossians 3:1) from the president Dear Friends, board of trustees We send you this annual report with grateful hearts, in recognition of your dedication to the life- changing mission of Mount Angel Abbey and Seminary. Now in my second year as the Abbey Lynn Cayanus Jones Michael Tate Foundation of Oregon’s president, I am blessed and inspired by the leadership of Abbot Jeremy Trustees Former AFO President President Driscoll, O.S.B., whose abbatial motto, above, we view as our “North Star.” Sr. Adele Marie Altenhofen, S.S.M.O. New Product Introduction Manager (retired) A-Professional Fire Systems Co. President Philips Medical Systems/Ultrasound During our annual retreat, Abbot Jeremy guided the board through a session on Benedictine Fr. Chuck Wood SSMO Ministries Corporation spirituality, focused on the theme of humility. What a striking topic for busy people whose days Linda Keizer Pastor are consumed by challenging activities – people like you. Our trustees were privileged to talk Msgr. Donald Buxman Owner St. Wenceslaus Catholic Church Southern Oregon Storage Scapoose, Oregon with the Abbot about the challenge of conforming our will to God’s and of quietly embracing in Vicar for Clergy (retired) Archdiocese of Portland in Oregon our hearts the suffering we experience and encounter every day. Paul Keller Stephen Zimmer Tax Director Chairman of the Board Because you share our love of the Abbey, I know you too feel the effect of the monks’ prayers Joanne DiBenedetto Burdick Officers Owner Apercen Partners LLC Custom Decorators and way of life. Theirs is a much-needed vision and witness in our complicated world! DiBenedetto Design Abbot John Limb William Zuelke Rt. Rev. Jeremy Driscoll, O.S.B. All of us who support the Abbey share a deeply satisfying mission – to ensure its financial vitality Gene Dieringer Publisher and CEO (retired) Founder Mount Angel Abbey and support its ministries. We are called to help the monks preserve the Hilltop as a place of President Oregon Catholic Press Awakening to Holiness peace and prayer, where life-giving priests are formed, and the monks show us how to follow Dieringer’s Properties, Inc. Dean of Students, Marylhurst University Patrick Regan (retired) the path to holiness. Together, we can help the monks be monks and the seminarians President Stephen English ’66 Former Senior Director of Development Christopher Corrado become priests! Partner Portland State University James Zuiches ‘61 President-Owner Perkins Coie LLP College of Liberal Arts & Sciences Professor of Sociology and Environments We are deeply grateful you share this mission. You and your gifts have made a true difference University Administrator (retired) to Mount Angel Abbey and Seminary this past year. In fact, revenues in the 2016-17 fiscal Mike Fahey Claire Schulte, C.P.A. North Carolina State University year were the highest in the Abbey Foundation’s history, with our gifts and pledges rising President (retired) Former Senior Vice President — Vice-President Columbia Helicopters, Inc. Finance and Accounting, Integra Telecom, Inc. Brian Jackson from $4,849,698 in 2015-16 to $7,074,814 in 2016-17. Owner Most of all, we are blessed by you! This year, I hope you will introduce Mount Angel to Brian C. Jackson, Architect LLC 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. Secretary Abbey Foundation Board Welcomes New Trustees John Meek Please mark your calendar and plan to attend the Seminary Benefit Dinner in Portland, on Managing Member November 5, 2017, or the Seminary Benefit Dinner in Eugene, on March 4, 2018, and the fourth Sr. Adele Marie Altenhofen President of encouragement of her colleagues, she has James Zuiches A retired higher Arcadia Consulting annual Saint Benedict Festival, on July 7, 2018. There is no place in the world like the Hilltop! the Sisters of St. Mary of Oregon Ministries returned as a regular trustee, making her education administrator, Jim has served five Corporation, Sr. Adele Marie works closely the first such returning trustee in the AFO’s universities during his career, as well as the Thank you for claiming the Abbey’s holy mission as your own. May you be richly blessed as you with the Presidents of Valley Catholic history. A member of St. Pius X parish, she National Science Foundation, and the W.K. Treasurer share your blessings. Rev. Martin Grassel, O.S.B. ’01 School, Maryville Nursing Home, and the is actively involved in the Serra Club. Kellog Foundation. Most recently a cabinet Abbey Foundation Treasurer SSMO Foundation, as well as with the member at North Carolina State University, Sincerely yours in Christ, Claire Schulte Most recently the Senior Procurator executive management team of the SSMO he has been a professor, director, dean Vice President for Finance of Integra Mount Angel Abbey campus. Her family has deep roots in and vice chancellor of university academic, Telecom, Claire has deep ties to the Oregon’s Catholic community; she grew up research, outreach and engagement University of Portland, where her father Past President in St. Agatha’s parish. programs. Jeff Yandle served as interim President while she Senior Managing Director Lynn C. Jones For the past year, Lynn earned her bachelor’s degree in accounting Chris Corrado, President First Republic Investment has served as an Emeritus Trustee, after and finance. With 20 years of experience Management Abbey Foundation of Oregon having served as a trustee since 2002, a in those fields, her career has taken her tenure that concluded with her terms as to London and Hong Kong, but kept her President and Past President. With the mostly in Portland, where she is a member of St. Mary Cathedral. our mission : The Abbey Foundation of Oregon promotes the financial vitality of Mount Angel Abbey by seeking operations and special project funding, and long-term bequest endowments for the monastery, seminary, retreat and guest † Deceased programs, and library. The trustees of the foundation work collaboratively with the Abbot of Mount Angel Abbey to implement the monastic community’s Benedictine vision of prayer and work in service to the Church in western Oregon and beyond. 4 | The Abbey Foundation of Oregon Annual Report 2017 | 5 Unrestricted Endowments Ta sae s Margaret Avison Fund in millions Raymond and Clara Fessler Fund John Phillipich Fund 2.5 Lawrence and Veronica Frank Fund John Philpot Seminary Endowment Bernard and Retha Bachand Fund Ta sae s Endowment Support Steve and2.0 Linda Beaird Family Fund Gerald Gaines Estate Queenin millions of Angels Burse 2.5 Lyle Carter1.5 Fund Lloyd J. Garrow Family Fund Pauline Rivera Fund Wilma Gore Fund 2.0 Henrietta Saalfeld Fund Joseph and1.0 Ernestine Cote Family Fund Nancy Curcio Fund Regina Gruss Fund 1.5 Seminary Facilities Fund 0.5 Robert and Rose Harris Fund Frances Dolores Sharpe Fund James J. Davies Fund 1.0 Marcella Decker0.0 Fund Florence S. Kennedy Fund Ted and Fran Van Veen Fund Gifts to endowed funds at Mount Angel Abbey and Seminary provide 2013 2014 2015 2016 2017 0.5 annual financial support for generations to come Maurice J. Dhulst Estate Library Investment Fund Archbishop John G. Vlazny Fund Mary Alice Lynch Fund 0.0 Edward White Fund Evelyn DiPietro Fund 2013 2014 2015 2016 2017 The Abbey Foundation of Oregon invests endowed funds, allowing Mount Angel Abbey and Seminary to spend a Jerry Dolezal Fund Elie and Hilda Nougier Fund Aileen Winter Fund Ta sses Michael F. Parsons Fund John Zellner Fund portion of the income earned from the investments each year. The remainder is added to the original principle, which Charles and Patricia Duffy inFund millions continues to grow. This extends the impact of our benefactors’ support into the future. 40 35 Ta sses Some donors choose to create restricted endowed funds for a particular purpose, such as seminary education, 30 in millions 40 facilities improvements or monastery support; the money in that fund can be used only to advance that purpose. 25 Ta sae s 35 Others establish unrestricted funds that further the Abbey’s mission; the Abbey has the freedom to determine which The20 Yearin millions in Review 30 2.515 priorities the funds will support. July 1, 2016 – June 30, 2017 25 10 2.0 20 Establishing a new endowment fund in honor or memory of a loved one creates a legacy for the benefactor and 5 TOTAL ASSETS ..................................................................................................................15 $ 38.8 MILLION 1.50 for Mount Angel Abbey and Seminary. The minimum amount required to establish a permanently endowed fund is 2013 2014 2015 2016 2017 10 TOTAL ENDOWMENT * ........................................................................................................ $ 21.5 MILLION $50,000. Many benefactors create a fund and make annual contributions until the fund crosses the endowment 1.0 5 threshold. TOTAL REVENUES, GAINS AND OTHER SUPPOrt ................................................................0 $ 9.6 MILLION 0.5 2013 2014 2015 2016 2017 TOTAL FOUNDATION SUPPOrt PROVIDED TO MOUNT ANGEL ABBEY...................................... $ 3.7 MILLION Our development staff would be happy to work with you to help turn your ideas into living endowments. For 0.0 information, please contact Jodi Kilcup, director of development, at [email protected] or 503-932-0173. * Endowment2013 includes2014 2015donor-restricted 2016 2017endowments, board-designated endowments and undistributed endowment earnings. Ta de in millions 25 Ta sses Ta de Restricted Endowments 20 in millions in millions 40 25 15 Academic Center Fund Leo Meysing Seminary Fund 35 20 Anselm Hall Improvement Fund Jackie and George Miller Endowment Fund 1030 Monastery Endowment Fund 25 15 Archbishop Robert J.
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