Catholic Agency Endowments

Goal of the Fund — We are blessed within the Diocese of Saginaw to have a variety of Catholic agencies/organizations including St. Francis Home, Catholic Family Service, Emmaus House, Mustard Seed Shelter, and the Partnership Center, just to name a few. Some of the agencies are affiliated with the diocese while others are less formally connected. The factor that all of these agencies have in common is that they must rely on ever changing funding sources to keep the agency financially viable so that they may continue to offer ministries specific to their agency/organization. Donors may make gifts to the CCFMM for the benefit of such agencies and organizations.

Existing Endowments — At present, only one endowment has been created by a group of donors for this purpose.

How Disbursements are Used — Disbursements from the existing endowment are designated for St. Francis Home, to help assure that funds will always be available for conducting activities, primarily for the benefit of the aged.

TOTAL Catholic Agency Endowment Assets (as of 06-30-16):      $56,190

They Found a Way to Honor an Outstanding Leader

Sr. Jane Marie was the Administrator for St. Francis Home for many years. In her years at St. Francis, Sr. Jane Marie had the pleasure of meeting the many people who were residents. Some came to stay for a short time while others made St. Francis their home until death. In that time, Sr. Jane Marie also got to meet a lot of families and friends of the residents.

When the time came for Sr. Jane Marie to retire, the Board of Trustees decided that something special needed to be done to show gratitude to a woman religious who gave so many years of her life to provide care for people who came to live at St. Francis’.

An endowment in her name was created as a legacy to Sr. Jane Marie. Twice per year, disbursements will be made from the fund. Long after Sr. Jane Marie has gone to her heavenly reward, disbursements will be made from the endowment that will help assure that funds will be available for conducting activities for the residents of St. Francis Home.