Abbey Foundation of Oregon It was at this time that he went off to the mountain to pray, and he spent the whole night in prayer to God. (Luke 6:12) 2018 annual report 2 | The Abbey Foundation of Oregon “Seek the things that are above.” (Colossians 3:1) from the president Dear friends, In the wee hours of the morning, the monks of Mount Angel Abbey keep prayerful vigil. More than we realize, we all rely on the quiet power of the men who join Christ six times each day in prayer. They show us – and our seminarians – what it means to follow the path to holiness. They are the “Night Guardians,” who knit together our broken world in silent communion with our Lord. We send you this annual report with sincere gratitude for your prayers and dedication to the life- changing mission of Mount Angel Abbey and Seminary. Now in my first year as president of the Abbey Foundation of Oregon, I offer warm thanks to Chris Corrado, our outgoing foundation president, and to each of our talented, hard-working board members. Officers Each of us is blessed by the pathfinding leadership of Abbot Jeremy Driscoll, O.S.B. He has Abbot inspired us to clarify the Foundation’s role, which is to protect, manage, and grow the Abbey’s financial assets, in order to: Rt. Rev. Jeremy Driscoll, O.S.B. Mount Angel Abbey Help Mount Angel monks be monks, President Help Mount Angel seminarians become priests, and Brian Jackson Owner Help all who share, serve and support the Hilltop to seek the things that are above. Brian C. Jackson, Architect LLC Thank you for sharing this mission with us! You and your gifts have made an extraordinary Vice President difference to Mount Angel Abbey and Seminary this year. I think we all can agree, there has John Meek never been a more urgent need for the formation of mature and holy priests. Our Mount Angel Managing Member seminarians, and the monks who guide them, represent the best of our faith and the path to Arcadia Consulting hope for our Church. It takes courage and devotion to “seek the things that are above” these Secretary days. Please stand by these fine men with your prayers and support. John Limb Publisher and CEO (retired) I hope you will introduce Mount Angel to your family and friends. Come break bread with Oregon Catholic Press our seminarians at one of the Seminary Benefit Dinners. Encounter the spirit and hospitality of Mount Angel monks at the Saint Benedict Festival. Or simply visit the Hilltop to pray with the Treasurer monks and experience the peace of this holy place. Rev. Martin Grassel, O.S.B. ’01 Abbey Foundation Treasurer May you be richly blessed as you share your blessings. Procurator Mount Angel Abbey Sincerely yours in Christ, Past President Christopher Corrado President-Owner Environments Brian Jackson, President 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. The † Deceased 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. Annual Report 2018 | 3 board of trustees Trustees Sr. Adele Marie Altenhofen, S.S.M.O. Lynn Cayanus Jones Michael Tate '62 President, SSMO Ministries Corporation Former AFO President President New Product Introduction Manager (retired) A-Professional Fire Systems Co. Joanne DiBenedetto Burdick Philips Medical Systems/Ultrasound Owner, DiBenedetto Design Donald Williams Linda Keizer Chief Operating Officer (retired) Msgr. Donald Buxman '62 Owner Schwabe, Williamson & Wyatt P.C. Vicar for Clergy (retired) Southern Oregon Storage Archdiocese of Portland in Oregon Fr. Chuck Wood ’00 Paul Keller Pastor, St. Wenceslaus Catholic Church Gene Dieringer Partner Scapoose, Oregon President Apercen Partners LLC Dieringer’s Properties, Inc. Stephen Zimmer Bill Reed Chairman of the Board Stephen English ’66 Director of University Events (retired) Custom Decorators Partner University of Portland Perkins Coie LLP William Zuelke Patrick Regan Awakening to Holiness, Founder Mike Fahey Executive Director of Philanthropy Dean of Students, Marylhurst University President (retired) EOU Foundation (Eastern Oregon University) (retired) Columbia Helicopters, Inc. Claire Schulte, C.P.A. James Zuiches ’61 Paulette Furness Chief Financial Officer Professor of Sociology and General Counsel (retired) Bigleaf Networks University Administrator (retired) Archdiocese of Portland in Oregon Abbey Foundation Board Welcomes New Trustees Paulette Furness years as the lead for spring commencement beneficial work done through the Abbey For more than 20 years, Paulette served exercises. His work for the Catholic Church and its people.” Don and his wife, Janet, are the Archdiocese of Portland in business began 47 years ago, however, when he members of Lake Grove Presbyterian, and and legal capacities, retiring as the General taught 7th and 8th grade at St. Matthew have two daughters, Lisa and Laura. Don’s Counsel. Her career began in education and and Visitation Catholic schools. For Bill, love of the Abbey is evident in his numerous for the past 33 years has been in law. With being a successful board member means blog posts at: https://thebeerchaser.com/ her broad range of experience in teaching, “learning as much as possible about the tag/benedictine-brewery management and legal practice, she brings Abbey Foundation of Oregon” in order to New Emeritus Trustee: Jeff Yandle well-honed skills to the Abbey Foundation commit his resources to fulfilling the mission Jeff Yandle, a Senior Managing Director of Oregon (AFO) board and Governance of the Board. Bill and his wife, Suzanne, and Wealth Manager at First Republic Committee. Her first role as an Abbey attend St. Matthew’s parish and have two Bank, joined the AFO Board of Trustees volunteer was to chair the AFO Bylaws Task children, Ryan and Meghan. in 2010 and was promptly invited to join Force. A member of Resurrection parish, Donald Williams the board’s Executive Committee, where she most admires board members who Don retired in 2012 as the Chief Operating he served in successive two-year terms are: “Committed to the organization and its Officer of Schwabe, Williamson & Wyatt, as Secretary, Vice President, President goals; are equipped with skills and abilities P.C. Among his many retirement activities, and Past President, while also chairing the that are of use to the organization; and are Don plays the oboe and writes a popular AFO’s Investment Committee. Under his willing to give time, talent and treasure for blog called The Beer Chaser, a hobby that leadership, the AFO launched an ambitious the benefit of the organization.” led him to join the Benedictine Brewery $16 million campaign to renovate and Bill Reed Advisory Committee. Eventually he expand the Saint Benedict Guesthouse Recently retired as University of Portland’s served as the start-up brewery’s volunteer and Retreat Center, phase one of which will Director of University Events, Bill brings 34 operations manager for several months be complete in early 2019. This year, the years of event planning experience to his prior to its grand opening in September. board gratefully approved Jeff’s transition to role as a trustee and to the Seminary Benefit Since then, he writes, he has “become Emeritus status; he continues to serve as a Dinner Steering Committee, including 32 aware of and amazed at the scope of the member of the Investment Committee. 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 endowed 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 503-932-0173. Endowment Support List Academic Center Fund Bob and Evelyn Dieringer Family Fund Hon. Allen and Georgann Reel Aileen Winter Fund Brother Michael Fund Endowed Fund Alfred J. Huber Scholarship Fund Chair of Theology Fund Jack D. and Helen E. Soder Fund Ann F. and Joseph G. Galarneau Charles and Patricia Duffy Fund Jackie and George Miller Endowment Endowed Fund Clarence M. Whipple Burse Fund Anselm Hall Improvement Funds Clarence Schmidt Endowment Fund James J. Davies Fund Archbishop John G. Vlazny Fund Colette L. and Colette E. Maddox Jean and Howard Vollum Fund Archbishop Robert J. Dwyer Annual Seminary Endowed Fund John and Ernestine Cote Family Fund Lecture Series Edward White Fund Jerry Dolezal Fund Archbishop Robert J. Dwyer Art Edwin E. Mayer Scholarship Fund John and Philomena Weber Collection Fund Elie and Hilda Nouguier Fund Endowment Fund Archbishop Robert J.