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The Knights of Columbus voted to ask every member to give $1 per month for 10 years to fund this trust. This would raise $300,000. This goal has been accomplished and the money invested in a permanent trust owned and controlled by the Knights of Columbus State Council. The trustees are Hilltop National Bank in Casper (the manager of the investment), the Knights of Columbus State Treasurer, and Past State Deputy Rev. Mr. Don Stewart. The annual earnings of this fund are currently available to give to their two causes but the State Council voted to let the money continue to accumulate for now. To build this fund further it was decided at the 2004 convention in Cody to start advertising the fund to the public. Our new goal is to build the fund to $3,000,000. This amount will earn enough annually to truly help with seminarian education. Only the earnings can be distributed each year; the $3,000,000 will stay invested. Currently we are planning to kickoff a fundraiser in all the Catholic churches of Wyoming in September 2005. A committee to plan this campaign has been formed. Your Brother in Christ, |
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