Volume 2 - Issue 6  

 

 

July 7, 2011

 
 
Is an Endowment Wrong for Catholic Institutions?
 
Is creating an endowment wrong philosophically, conceptually or practically for a Catholic institution? In this article, I will provide some limited background on opposing views and their rationale and argue that it is well within Christian principles, and in keeping with mission fulfillment, sound operating practices and good stewardship, to establish a foundation (or an endowment).
Catholic thinking on the use of economic or temporal resources is greatly influenced
(as it should be) by religious order (monastic and otherwise) traditions. When St. Ignatius of Loyola searched for God’s will in the founding of the Jesuit Order, he delved into and prayed about the practical aspects of the new organization and considered the relative benefits of “Radical” versus “Mitigated” poverty. Following centuries of Church tradition which had seen the rise of mendicant orders, the sustenance and mission support for the formative Society of Jesus was more than an academic question needing to be resolved for the Order’s Constitutions. St. Ignatius very objectively listed the pros and cons of each direction and came to the following observations: mitigated poverty would enable a greater focus on prayer, preaching and other apostolic work, while radical poverty would force the Order to more readily acknowledge and trust in God’s provision in a daily, direct manner, enhance humility and help foster a direct imitation of Christ’s material poverty that would set an example...

read the full article

Good Steward Newsletter – June 2011
You Are Invited to Participate In an Online Conversation about Stewardship
 
I started writing about stewardship in 1988 when I went to work for the Archdiocese of Louisville. I was invited to write a weekly column called The Good Steward. I’m still writing The Good Steward 23 years later—not as a weekly newspaper column but as a monthly e-newsletter.
At first, I was afraid I’d run out of things to say about stewardship. After all, there are only so many times you can talk about “time, talent and treasure” before wearing out your readers’ welcome. Fortunately, I had a mentor who taught me that if you really believe that stewardship is a form of practical spirituality—a way of living the Gospel in daily life—you can never run out of things to say about it.
My mentor was the late Archbishop Thomas J. Murphy of Seattle. Archbishop Murphy was the founding chairman of the U. S. bishops’ ad hoc committee on stewardship. He was also the driving force behind the American bishops’ pastoral letter, Stewardship: A Disciple’s Response....read the full article
 
 
The Benefits of a Diocesan-Wide Capital Stewardship Campaign
 
The benefits of a diocesan capital stewardship campaign are numerous, surprising, and - frequently serendipitous. I have run into people who actually look forward to capital campaigns. They enjoy the challenge and are looking forward to working with
like-minded people, meeting new people, and helping to build God’s Kingdom. Perhaps they’re the type of persons who have it in their DNA to be positive about everything, or they remember the good from a previous campaign that left a lasting impression on them.
But in spite of these brighter notes, diocesan campaigns can be difficult and challenging. My intention here is not to be negative or to offend anyone, but to be transparent and acknowledge the challenges a campaign faces. For until those difficulties are named and there is a willingness to go through the struggle to address and overcome them, a successful campaign will not take place.
Even in the best situations the prospect of a capital campaign is often met with reluctance, suspicion, fear, apathy and, at times, anger. One can overhear comments like: it’s the wrong time, the economy is bad, people are already doing all they can, we’re busy enough without one more thing to do, all the church ever does is ask for money, things are fine the way they are.
Issues of trust, whether perceived or real, present significant hurdles. Others feel that it is hard to send money “downtown” when there are so many needs right at the parish. Such parochialism separates many parishes from the larger mission of the church. And when it comes to ecclesiology some people are not well informed and there are others who simply don’t agree with the ecclesiology of the Church. All these issues can foster an atmosphere of tension and negativism between the diocese and parishes, regardless of the original causes and history... read the full article
A Fond Farewell
Please join the O'Meara Ferguson family in extending good wishes and our prayers to Dan Kelly. Dan received a terrific opportunity and has accepted a position as CFO of Gardner White Furniture in Detroit.

Dan’s service to O'Meara Ferguson and our clients over the last four years has been exemplary, and we wish him every success in his new opportunity. Dan's last day was Friday, June 30.

A Warm Welcome
Please also join us in welcoming Mr. John M. Klink to O'Meara, Ferguson, Whelan, and Conway. As a Managing Director, John is responsible for assisting in client relationship management, and maintaining and developing select key relationships for the firm.

John has a long history of serving the Vatican as a diplomat internationally. In addition, John has been an investor, developer, and real estate investment advisor in California and New York. He has an extensive political, academic and religious service background, including; President of the International Catholic Migration Commission (2007-present); Consultor to the Pontifical Council for the Family, Vatican City (2004-present); Advisor to Permanent Observer mission of the Holy See to the United Nations; executive positions with Catholic Relief Services; and, White House-Appointed Special Senior Private Sector Advisor on US State Department Delegations to a number of UN world conferences on socio-economic issues.

Catholic Education: Sustaining the Mission
Integrating Finance, Development, Planning and Operations to Strengthen Catholic Education
 • February 8 – 10, 2012
 • San Antonio, Texas
 • Keynote: Most Reverend Allen H. Vigneron, Archbishop of Detroit
Click here for additional information.
Catholic Education Leadership Workshops
 • September 20 – 21, 2011 Catholic High Schools Workshop
 • September 28 – 29, 2011 Catholic Universities & Seminaries Workshop
 • November 2 – 3, 2011 Catholic Schools Grades K – 8 Workshop
If you would like to attend, or know someone who would benefit from this event, please notify us as soon as possible as attendance is limited.
 
 
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