The Mitchell Catholic Foundation presented $115,386 in endowment distributions to the ministries of Mitchell Catholic Parishes for 2024.
The endowment distributions included $92,326 for St. John Paul II School to aid in tuition assistance, teacher salaries, technology, music, and other areas of need; $6,328 for Faith Formation to aid in program needs; $9,804 for Holy Family Parish for mission and service, facility maintenance, evangelization and discipleship, music, poor and needy assistance, and other needs; and $6,928 for Holy Spirit Parish for care and facility maintenance, poor and needy assistance, and other areas of need.
Endowment distributions are the interest earned on initial investment funds donated by families or individuals.
“A set percentage each year is distributed from the endowment to the beneficiary as designated. Additional growth is reinvested to help the endowment grow and remain perpetual,” says Nicole Fuhrer, Gift Planning Officer for the Mitchell Catholic Foundation. “This becomes an annual source of funding for our parishes, parish ministries, and favorite charities.”
Endowments managed by the Foundation are only invested in funds that are in line with the teachings of the Catholic church. Donations can be made to an existing endowment fund, or anyone can start an endowment in their name or the name of a loved one.
“It is our honor to carry on your legacy of faith and love by supporting the ministries that are most important to you,” says Fuhrer.
Mitchell Catholic Parishes also received an additional $6,000 grant from the Catholic Community Foundation for Eastern South Dakota to launch Catechesis of the Good Shepherd in our parishes this fall.
For more information on giving or the Mitchell Catholic Foundation, contact Nicole Fuhrer at 605-999-9127 or
