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Cornerstone of Faith

 

A Mission... A Moment... A Gift.

 

So then you are no longer strangers and aliens, but you are citizens with the saints and also members of the household of God, built upon the foundation of the apostles and prophets, with Christ Jesus himself as the cornerstone.
(Ephesians 2:19-20)


The Cornerstone of Faith campaign began in the fall of 2009 with the ambitious goal of raising the $15 million needed to complete construction of the new St. Joseph Seminary and Newman Theological College.

Despite the challenges of the economic recession and the numerous good causes competing for charitable donations, the Cornerstone of Faith has secured $12.5 million, or 83 percent of its goal, as of December 31, 2010. About 40 percent has been received in cash and about 60 percent in pledges.

"We are deeply grateful to all who have helped with the campaign and all who have donated or pledged their gifts," says Connie Lunde, who as Director of Development is responsible for the Cornerstone campaign. "There is still a short way to go to reach the goal, but we are very close now."

The fundraising shortfall meant that the Archdiocese had to borrow $4.25-million in 2010 to finance the completed construction. That loan will be paid off as the pledged donations and additional gifts come in.

Fundraising goals for individual parishes were calculated as a small percentage of their annual Sunday collection. Many parishes responded extremely generously, meeting or surpassing their Cornerstone goals and pushing the total contribution from parishes to $2.1 million. It would be greatly appreciated if parishes that have not reached their goal to date continue their fundraising efforts in 2011. For a complete list of parish contributions to the Cornerstone of Faith, please see the 2010 Annual Report.

Of course, contributions are still welcome from individuals and corporations as well. While the buildings themselves are finished, the important missions they house will continue for many years to come. The men and women who graduate from these institutions will help us celebrate the sacraments, teach the faith, bear witness to the faith, and bring the healing touch of Christ, our Cornerstone of Faith, to a wounded world.