Catholic Foundation

Ensuring the faith for generations to come

for the People of the

catholicfoundationdob.com

Diocese of Bismarck

2014-15 Annual Report

Ensuring the faith ... for generations to come

Message from the Bishop

Dear Brothers and Sisters in Christ Jesus,

Another year has passed since the establishment of The Catholic Foundation for the People of the Diocese of Bismarck. Even though our nation’s economy has experienced some further ups and downs, your continued generosity to our beloved Catholic Church has continued and in many ways increased at the same time.

When you read this current Annual Report on the activity of The Catholic Foundation you will see that we have tried to be very careful and very good stewards of your generous financial gifts to the Diocese, to your parishes and to our Catholic schools and other Catholic institutions. Because of your financial support and especially your continued prayers, our Church is able to continue the very apostolates of charity, education and service which Our Lord demands of each of us. You are bringing Him literally to thousands of children, young people and adults so that He can grant His mercy to all who need Him.

The future of our Catholic Church in the Diocese of Bismarck is filled with hope and joy because of you. Your prayers, your good works of mercy and charity, and all of your kind and continued prayers humble me as your Bishop. Our good and holy priests, deacons and religious women and men in our Diocese experience your goodness daily and in my own name and theirs, I thank you and I thank Almighty God for you! My priorities for our Diocese remain vocations to the priesthood and consecrated life, Catholic school and parish religious education, an increase in the physical charity we are able to offer to those most in need, and the further strengthening and support for true marriage and family life and the preparation for them.

Again, I can only say thank you and put my thanks into daily prayers for you and all whom you love and hold dear.

Gratefully yours in Christ Jesus,

Most Reverend David D. Kagan Bishop of Bismarck

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Catholic Foundation

Ensuring the faith for generations to come

for the People of the

catholicfoundationdob.com

Diocese of Bismarck

520 N. Washington St.Bismarck, ND 58501

701-204-7206877-405-7435

CatholicFoundationDOB.com

MemberMost Reverend

David D. Kagan,D.D., P.A., J.C.L

Bishop of Bismarck

Board ofDirectors

Deacon Dennis Rohr,President

Deacon Michael Fix,Vice President

Steve Wangler,Secretary/Treasurer

Rev. Chris Kadrmas, J.C.LRev. Russell KovashRev. Bruce Krebs

Patrick Lengenfelder Rev. Msgr. Gene

Lindemann, J.C.L.Rev. Shannon Lucht

Dennis MingRev. Msgr. Thomas Richter

Dean RubbelkeTodd Schweitzer

Rev. Jason SignalnessAmy Wells

Rev. Jeffrey Zwack

Foundation StaffKim DvorakDale Eberle

Laurie HagerottLaura HuberEve MercerRon Schatz

Message from the Board

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Dear Friends,

“The Blessings Continue” - that seems to be a phrase that has gained some notoriety around our diocese this past year. You will see it again in the story, “The Path to the Priesthood,” that is the centerpiece of this annual report. This article documents the continued, dramatic increase in young men studying for the priesthood in our diocese and where they currently are on their journey.

As wonderful as this is, it is not the only blessing, but just one of so many our diocese can be grateful for. As we, the Board of Directors of the Foundation, look back on the past year, we consider ourselves so fortunate to be here in western North Dakota with all the faithful Catholics that make this diocese exceptional.

We are blessed with our Bishop and all the clergy that lead us through our religious life on a daily basis. The growth in our Catholic schools, an increase of sisters in Williston, Mandan, and Ft. Yates, our mission in Kenya, Family & Respect Life Ministries, just to name a few, are a testimony to how God is working through the Catholic Church to positively affect all people within the circumference of the Bismarck Diocese.

Your Foundation is a tremendous blessing as it continues to grow, because all of you across the diocese recognize its role in supporting so many Catholic ministries. Individual Parish Endowments are increasing, the Seminarian Scholarship Fund is growing, Catholic Schools and Religious Education, and Priests’ Care Endowment, as well. The increasing number of Named (Family) Endowments is encouraging to see, as more and more people recognize their families and honor loved ones with their own endowment to support the vision of the Bismarck Diocese.

Because of this growth, your Foundation can support all of these ministries in a more meaningful and sustainable way, however, without the thoughtful generosity of all of you, none of this is possible. So thank you for allowing us to administer The Catholic Foundation for the People of the Diocese of Bismarck on your behalf as we work to “Ensure the faith for generations to come.”

May God bless you and your loved ones each and every day.

We encourage you to visit our website at CatholicFoundationDOB.com or call our offices at 701-204-7206. We are happy to assist you in any way possible.

Sincerely, Board of Directors of the Catholic Foundation for the People of the Diocese of Bismarck

“Ensuring the faith for generations to come”

Statement of Financial Position June 30, 2015

Catholic Foundation MissionTo promote the mission of the Catholic Church by encouraging stewardship among the people of the Diocese of Bismarck while providing morally and socially responsible means for financial investments.

2015 Board Officers

Assets Cash and Cash Equivalents $ 206,600 Accounts/Pledges Receivable (net of allowance) 63,267 Interest Receivable 63,030 Annuities Receivable 313,024 Investments 19,118,433

TOTAL ASSETS $ 19,764,354

Liabilities and Net AssetsLiabilities Accounts Payable and Accrued Expenses $ 444,900 Funds Held for Others 3,680,320Total Liabilities 4,125,220

Net Assets Temporarily Restricted 6,186,258 Permanently Restricted Endowments 9,452,876Total Net Assets 15,639,134

TOTAL LIABILITIES AND NET ASSETS $ 19,764,354

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Deacon Michael Fix, Deacon Dennis Rohr, Steve Wangler and Bishop David Kagan

Recap of Funds June 30, 2015Type of Funds Fund % Fund Distributions % Distribution Balance Balance Available AvailableAgency Funds Parish Agency Funds $ 1,376,425 7.12% $ 33,972 2.15% Other Agency Funds 2,247,148 11.63% 15,781 1.00% 3,623,573 18.75% 49,753 3.15%

Endowment Funds Parish Endowment Funds 1,430,815 7.41% 31,744 2.01% Educational Endowment Funds 2,922,348 15.13% 116,088 7.36% Priest Care Endowment Funds 2,424,993 12.55% 114,462 7.26% Seminarian Scholarship End. Funds 6,542,364 33.87% 279,229 17.71% Other Endowment Funds 997,101 5.16% 19,951 1.27% 14,317,621 74.12% 561,474 35.61%

Other Funds Educational Funds 211,499 1.09% 499 0.03% Human Services Funds 1,095,352 5.67% 949,836 60.24% Other Funds 71,411 0.37% 15,286 0.97% 1,378,262 7.13% 965,621 61.24%

TOTAL FUND $ 19,319,456 100.00% $ 1,576,848 100.00%

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Ascension Endowment Fund, BismarckAssumption Abbey Endowment Fund, RichardtonBishop of Bismarck Endowment Fund Thomas Berger (in memory of Tim & Pauline Berger)Bishop Zipfel Endowment FundCathedral of the Holy Spirit Endowment Fund, Bismarck Anonymous Lon & Laurie Hagerott Rob & Donna King Steve & Karen McCormick Benedict & Diane Roller Andrew & Becky SerriCatholic Schools and Religious Education Endowment Fund Joseph & Heather Berger Helen Fischer Mary Margaret Hagan Rocky & Jean Hilts Mathew & Trisha James Ken Johnson Dean & Donna Knutson (in memory of Phyllis Knutson and Howard Kitchen) John & Stephanie Miller Thomas Sabinash (in memory of Louise Sabinash) Daniel Schaner David & Melissa Sheppard Walter & Lynda OuradnikChrist the King Endowment Fund, Mandan Justin & Maren GerhardtChrist the King Agnes Larkin Endowment Fund, MandanChrist the King Education Endowment Fund, MandanChrist the King Foundation Education Endowment Fund, MandanChrist the King Fr. Al Leary Endowment Fund, MandanChrist the King Msgr. Aloysius Galowitsch Endowment Fund, Mandan Thomas & Karen LengowskiCorpus Christi Endowment Fund, Bismarck Keith D HornerCorpus Christi Poor & Needy Endowment Fund, Bismarck Church of Corpus Christi Randall & Shannon Bakke Robert & Helen Dauenhauer Veronica Doll-Oberst Wyatt & Nikki Ferderer Arthur Mildenberger John Oberst Dolores Vyzralek Vernon & Joyce Welder Bill & Patricia WhalenEpiphany Endowment Fund, Watford CityHoly Trinity Endowment Fund, HettingerHome on the Range Endowment Fund Home on the Range Pat Altringer, LLP Cofell’s Plumbing & Heating Doorbustin Portables & Septic Services LLC Kenneth & Rachel Kellogg Prairie Lumber Inc. Steve Schwan

Home on the Range Fr. Fahnlander Endowment Fund Home on the RangeImmaculate Conception Endowment Fund, MaxLight of Christ Catholic Schools Operations Endowment Fund Light of Christ Catholic Schools of Excellence Todd & Rachelle PreszlerMinot Ryan Endowment, Minot C Marie GoochNorth Dakota Teachers Education Program Endowment, Bismarck Light of Christ Catholic Schools of Excellence Our Lady of Consolation Endowment Fund, AlexanderOur Lady of Grace Endowment Fund, MinotPriests’ Care Endowment Fund Anonymous Thomas Berger (in memory of Tim & Pauline Berger) Steven & Barbara Gazdik Rob & Donna King Enrique & Norma Medrano Walter & Lynda Ouradnik Wilfred & Kathy VoleskyQueen of Most Holy Rosary Endowment Fund, Stanley Wayne & Daleen JohnsonQueen of Peace Endowment Fund, Dickinson Florian & Gladys VoleskySacred Heart Endowment Fund, Glen UllinSacred Heart Endowment Fund, PlazaSacred Heart Endowment Fund, ReederSacred Heart Endowment Fund, ScrantonSacred Heart Endowment Fund, SolenSacred Heart Endowment Fund, White ShieldSacred Heart Endowment Fund, WiltonSeminarian Scholarship Endowment Fund - Major (includes Burses) Duane & Kathy Binde (in memory of Fr. Ken Wald) Catholic Daughters of America - Mandan Lonnie Decker Colleen Finley Pius & Lynn Fischer Rose Marie Gerhart Evelyn Herold Ken Johnson Ralph & Marcia Kilzer Wil & Diane Kittler (in honor of Matt & Helen (Sieverin) Scherr) Holly A Krumm Robert & Kim Nutsch Anna M Rathbun Arthur & Theresa Sears Darren Stastny Norman & Alice Striefel Dave & Connie Sprynczynak (in honor of Military Chaplains) Gene & Gladys Thomas Church of Holy Rosary, Stanley Church of St. Agnes, St Paul, MN Church of St. Michael, Grand ForksBURSES Joseph & Linda Berger Catholic Daughter Ct #322 Dakota Enterprises Robert & Alice Gangl Ken & Layne Kreitinger Tillie Lindemann Eileen Mack Rouse

Endowment Funds Current fiscal year donors

In August of 2013, Reverend Monsignor Gerald James Walsh of the Bismarck Diocese felt led to establish the St. John Vianney Endowment Fund for Priests’ Care through the Catholic Foundation. Close to his heart was the desire to ensure that retired priests of the diocese would have their needs met, with an emphasis on the upkeep of Emmaus Place (local retirement home for priests). By creating this Named Endowment, Msgr. Walsh has left a legacy that will continue to benefit generations of Bismarck Diocese priests.

Monsignor Gerald Walsh was born on May 4, 1928 in rural Minot to James Leo and Magdalena Mary (Frost) Walsh. His call to the priesthood eventually led him to serve in several parishes throughout the Diocese of Bismarck, plus key positions such as Vocation Director and Apostolic Administrator. Msgr. Walsh has touched so many individuals, families and parishes during his time on this earth until he was called to his heavenly home on September 22, 2015. Now through the St. John Vianney Endowment Fund for Priests’ Care, Msgr. Walsh has left a legacy that will continue to serve the Bismarck Diocese by taking care of priests now and for years to come. And this all comes full-circle, because, through these dedicated men of God, the spiritual needs of the Bismarck people and families are met, and through these families come our future Catholic priests!

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Edwin & Johanna Nagel ND Catholic Foresters Church of St. Mary, New England Elizabeth Steinberger Elizabeth Tescher Arlene Vallely Rebecca WaldSeminarian Scholarship Endowment Fund - Minor Anonymous Darrel & Kathleen Ahmann Jeff & Melanie Beauchamp Russell & Pamela Behm John & Robynn Berger Lorraine R Berger Robert Biwer & Louise Murphy Bishop Ryan Catholic School Blackridge Enterprises Michael & Marianne Blasco Edward & Elaine Boehm Albert & Patricia Brendel David & Sandra Brendsel Hugh & Colleen Carlson Louis & Sonia Ciavarella Patricia Conlin Tim & Liz Conlin Robert & Char De Maria Richard & Shirley Dukart Russ & Alice Dusek Susan Evans Colleen Finley Grace Fisher Michael & Debra Franchuk Irene Friesz

David Garcia Daniel & Maureen Gardner Steven & Barbara Gazdik Dennis & Connie Glueckert Mary Golik Gonzaga University Kevin & Jo Greff Jeffrey & Connie Gross Kathleen Hagan Steve & Carol Hall Verna Hansen Clair & Jennifer Hauge Jeremy & Krista Heen David & Dalila Heinert David & Esther Helvig Leonard Hilzendager Doug & Lillian Homstad Jeff & Anita Hondl Dean & Rosemary Hoover Mike & Geris Hopfauf Keith D Horner Jim & Mary Irsfeld Gene & Sue Jackson Vernon & Rosemary Kadrmas John & Tracey Kasmer Roman Kauffmann Ranch Brandon & Adrienne Keller Charles & Roberta Keller Kenneth & Marilyn Keller Richard & Donna King Robert & Mary Koppinger Britainy Kralicek Marie Krebs continued on pg. 10

His Legacy Gift Lives OnMonsignor Gerald James Walsh (1926-2015)

By Sonia MullallyDCA Editor The blessings continue as Bishop Kagan has accepted four men to priestly formation for the diocese. Logan Obrigewitch, John Windsor, Grant Dvorak, and Jacob Bennett entered the seminary this fall bringing the total to 28 men studying to be priests for the diocese. Western North Dakota has one of the highest numbers of seminarians per capita in the nation. With this blessing of quantity comes great responsibility of forming quality men into priests. While these four men are starting on their journey, Seminarian Doug Krebs is nearing his goal. Krebs was ordained a transitional deacon in Rome in October, the final step on the path to the priesthood before his ordination in May of 2016 at the Cathedral in Bismarck. He wants the good people of the diocese to know and trust that the men are in good hands in the seminaries that the Bishop has chosen for their path. “When someone gives themselves to God they are being formed into a good person,” Krebs says. “I look back on my six years in the seminary and know that my life has been truly transformed.” Krebs spent his summer on assignment with Fr. David Richter at the parishes of Linton, Hazelton and Braddock before returning to Rome for his final year of formation. Cardinal Dolan came to St. Peter’s Basilica to ordain him and his 60 classmates deacons. He was honored to have a big group of supporters of friends and people of the diocese attend his

ordination. “It’s getting more real, that’s for sure,” Krebs notes. “This was a pivotal moment confirming that we’ve committed the rest of our lives to God and to the priesthood. One of the biggest aspects for me so far has been the friendships I’ve formed with the guys in seminary. Those bonds are strong and it’s great to be welcomed by others you’ve looked up to and have others in formation look up to us.” Seminarian Jake Magnuson is on the opposite end of the path from Doug Krebs, continuing in his second year of formation. He entered the seminary right out of high school, completing his first year (College I) this past year at St. John Paul II Seminary in Washington, D.C. Magnuson spend this past summer living at home with his parents and helping out at his parish—St. Therese, Church of the Little Flower in Minot. “This seminary in D.C. is newer, now in the fifth year of existence, and it’s smaller than most,” Magnuson says. “There are around 50 guys here and I’ve really enjoyed building personal relationships with others since there are so few of us.” He says that being located in Washington, D.C. presents great opportunities for the seminarians to attend special Masses and celebrations, mentioning the March for Life event last winter. “I’ve had the opportunity to develop in spirituality and prayer like never before in my life,” he explains. Seminarian Nick Vetter also attends St. John Paul II Seminary in D.C., a year

ahead of Magnuson. He spent his summer living in residence at the rectory in Linton and helping Fr. David Richter where needed. He also worked on his family farm during the week.

As Vetter continues in the College III level, he says the most rewarding aspect of formation thus far has been his spiritual formation. “Learning different types of prayer, attending daily Mass and making a daily holy hour has brought about so much fruit,” he explains. “This has led me to know Christ as a real person who only wants what is best for the individual.” Vetter has already experienced many exciting things this year including a visit from Pope Francis at the seminary this fall. While the Pope’s visit was certainly a big deal, he’s also excited about strengthening his relationships with God and with others. “I look forward to progressing in my relationship with Jesus Christ and God the Father,” Vetter says. “Along with growing in this relationship, it’s a joy each year growing in fraternity with the Bismarck diocese seminarians.” All of this growth and progress that seminarians experience wouldn’t be possible, Magnuson and Vetter say, without the support of the people of the diocese. “We, the seminarians, are very thankful for the generous support. We know people are praying for us even without us asking,” Magnuson adds. “We’re very grateful for their contributions, but most importantly for their prayers. I know it helps me get through tough times knowing we have such a strong force behind us at home.”

Path to the priesthood

Diocesan seminarians Christian Smith, Logan Obrigewitch and Jake Markel attended the Seminarian Celebration event in Minot in July.

Father Josh Waltz (left) congratulates the winners of the � rst-ever seminarian golf tournament held in early July in Mandan. Winners were: Jim Doll, Jonathan Doll, Bryce Doll and Matt Bare� eld.

Several diocesan seminarians were on hand to visit with those who attended the Seminarian Celebration in Minot in July.

Four men accepted bringing the number to 28

Path to the priesthood

Article reprinted and updated from theAugust 2015 Dakota Catholic Action newspaper.

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Diocesan Seminarians

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Richard & Kathy Krebs Thomas & Karen Lengowski Michael & Julie Liffrig Glenn & Cheryl Lohmann Dale & Pat Luther Frances Marsh Larry & Linda Maslowski Matthew & Maria Meyer Mott Columbian Club Deacon Ryan & Marlo Nelson Jerry & Nancy Obritsch N J & Angela O’Keefe Walter & Lynda Ouradnik Nick & Ella Pasternak Monica Paulo Charles & Charlene Peterson Fr. Kenneth Phillips (in honor of Joseph & Lenora Glasser) James & Gwen Powers Thomas & Cheryl Powers Todd & Rachelle Preszler Ross & Angela Reiter Dwight Richter Insurance Marlyn & Susan Richter James & Eileen Rouse Church of St. Joseph-Bowbells Emma Sadowsky John & Kathryn Sauber Charles & Joan Schaefbauer Larry & Vicky Schaff Daniel Schaner Henry & Angeline Schank Gerald & Eileen Schatz (in memory of Adam & Agnes Schatz) Myron & Carol Schell Robert & Jane Schettler Brian & Mary Schmaltz Richard Schmidt Aaron & Kristal Schmit Scott & Kelli Schneider Thomas & Claudia Schneider Travis & Trina Schweitzer Arthur & Theresa Sears Bruce & Brenda Selinger Boyd & Ursula Shaw Thomas & Adriann Shea David & Melissa Sheppard Ray Sigl Patrick & Tamara Sogard Jerry & Sharon Spaedy Deacon Ralph & Anna Stockert Strasburg Insurance Agency Randy & Jane Streifel Fr. Roger Synek Michael Thome Debra Lou Thompson Larry & Jill Tinjum Deacon Daniel & Nancy Tuhy George & Gertrude Tuhy Gerald VandeWalle Andrew & Kristen Vetter Leland & Mary Ann Vetter Washburn KC No 9174 John & Jeanne Weisgerber Paul & Janean Welk Billy & Theresa Wolf James ZanderSpirit of Life Endowment Fund, Mandan John & Kathryn Sauber

St. Agnes Endowment Fund, KenmareSt. Ann Endowment Fund, Berthold Eugene LautenschlagerSt. Ann Endowment Fund, HebronSt. Anne Endowment Fund, Bismarck Craftmaster Homes, LLC Rose Marie Gleich Edward J Huck Annette MartensSt. Anne Family Endowment Fund, BismarckSt. Anthony Endowment Fund, DonnybrookSt. Anthony Endowment Fund, LintonSt. Anthony Maintenance & Acquisition Endowment Fund, LintonSt. Anthony Endowment Fund, MandareeSt. Anthony Endowment Fund, New Town Walter & Lynda OuradnikSt. Anthony Endowment Fund, St. AnthonySt. Bernard Endowment Fund, Belfield Agnes FrankSt. Bonaventure Endowment Fund, UnderwoodSt. Boniface Endowment Fund, GrenoraSt. Bridget Endowment Fund, Parshall Steve & Carol HallSt. Catherine Endowment Fund, Turtle LakeSt. Charles Endowment Fund, BowmanSt. Charles Fr. John Smerciak Building Endowment Fund, Bowman Church of St. CharlesSt. Charles Guardian Angels Scholarship Endowment Fund, Bowman Church of St. CharlesSt. Charles St. Thomas Aquinas Religious Education Endowment Fund, BowmanSt. Clement Endowment Fund, HaymarshSt. Edwin Endowment Fund, WashburnSt. Elizabeth Endowment Fund, Cannon BallSt. Elizabeth Endowment Fund, LeforSt. Elizabeth Endowment Fund, MakotiSt. Gertrude Endowment Fund, RaleighSt. Henry Endowment Fund, RegentSt. Hildegard Endowment Fund, Menoken Janice AberleSt. James Endowment Fund, PorcupineSt. James Endowment Fund, Powers LakeSt. James Endowment Fund, SherwoodSt. Jerome Endowment Fund, MohallSt. John Endowment Fund, LansfordSt. John the Apostle Endowment Fund, MinotSt. John the Baptist Endowment Fund, Beach Prairie LumberSt. John the Baptist Endowment Fund, New LeipzigSt. John the Baptist Endowment Fund, PortalSt. John the Baptist Endowment Fund, TrentonSt. Joseph Endowment Fund, BeulahSt. Joseph Endowment Fund, BowbellsSt. Joseph Endowment Fund, DickinsonSt. Joseph Endowment Fund, Grant CountySt. Joseph Endowment Fund, Killdeer Dean & Donna Knutson (in memory of Phyllis Knutson and Howard Kitchen)St. Joseph Endowment Fund, Mandan Charles & Joan Schaefbauer St. Joseph Trust FundSt. Joseph School Endowment Fund, MandanSt. Joseph Endowment Fund, Twin ButtesSt. Joseph Endowment Fund, Williston Eugene Lautenschlager

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St. Katherine Endowment Fund, BraddockSt. Lawrence Endowment Fund, FlasherSt. Leo Endowment Fund, Minot Anonymous Cory & Tracy Almy Jerome & Karen Hager Linda ZimbelmanSt. Luke Endowment Fund, NoonanSt. Martin Endowment Fund, CenterSt. Martin Endowment Fund, HazenSt. Martin Endowment Fund, HuffSt. Mary Central High School Endowment Fund, Bismarck Keith & Bonnie Benz Light of Christ Catholic Schools of Excellence Matthew Peyerl St. Mary’s Alumni AssociationSt. Mary/Ascension Maintenance & Acquisition Endowment Fund, BismarckSt. Mary Endowment Fund, Bismarck Corey & Jessica SilvernagelSt. Mary Grade School General Endowment Fund, BismarckSt. Mary Grade School Tuition Endowment Fund, BismarckSt. Mary Maintenance & Acquisition Endowment Fund, Bismarck Clyde & Cheryl FensterSt. Mary Endowment Fund, FoxholmSt. Mary Endowment Fund, Golva Prairie Lumber Inc. Gerald & Mary Weinreis Lee & Charlene WeinreisSt. Mary Endowment Fund, Hague Fr. Paul Eberle Victor & Marcella Schall Fr. Jason SignalnessSt. Mary Endowment Fund, MarmarthSt. Mary Endowment Fund, MedoraSt. Mary Endowment Fund, New EnglandSt. Mary Endowment Fund, RichardtonSt. Mary Endowment Fund, South HeartSt. Mary Queen of Peace Endowment Fund, AlmontSt. Mel Endowment Fund, Rhame Jerome & Theresa FischerSt. Michael Endowment Fund, Linton (Rural) Fr. Jason SignalnessSt. Michael Endowment Fund, RaySt. Nicholas Endowment Fund, GarrisonSt. Patrick Endowment Fund, CrosbySt. Patrick Endowment Fund, DickinsonSt. Paul Endowment Fund, HallidaySt. Paul Endowment Fund, HazeltonSt. Paul Endowment Fund, HettingerSt. Peter Endowment Fund, Fort YatesSt. Philomena Endowment Fund, GlenburnSt. Philomena Endowment Fund, SelfridgeSt. Pius V Endowment Fund, New SalemSt. Stephen Endowment Fund, Stark CountySt. Theresa Endowment Fund, CarsonSt. Therese Church of the Little Flower Endowment Fund, MinotSt. Thomas the Apostle Endowment Fund, GladstoneSt. Thomas the Apostle Endowment Fund, TiogaSt. Vincent de Paul Endowment Fund, Crown ButteSt. Vincent de Paul Endowment Fund, MottSt. Wenceslaus Endowment Fund, Dickinson Bernard & Charlotte Ficek

Sts. Peter & Paul Endowment Fund, New HradecSts. Peter & Paul Endowment Fund, Strasburg Vincent Kraft Oscar Ternes Augustin (Gene) & Marlene Tschosik

Bishop Ryan Catholic School Mission TripScholarship Agency, Minot Bishop Ryan High SchoolCathedral of the Holy Spirit General Agency Fund,Bismarck Cathedral of the Holy SpiritCathedral of the Holy Spirt Fr. Tom Kramer AgencyFund, Bismarck Cathedral of the Holy SpiritCorpus Christi Agency Fund, Bismarck Church of Corpus ChristiCorpus Christi Fr. Stan Agency Fund,BismarckDiocese of Bismarck Agency FundHome on the Range Agency Fund Estate of Marjorie WrightSt. Charles All Saints Memorial Agency Fund,Bowman Church of St. CharlesSt. Charles Needy Agency Fund, Bowman Church of St. CharlesSt. Charles Youth Agency Fund, Bowman Church of St. CharlesSt. Martin Agency Fund, Huff Estate of John StumpfSt. Mary Cemetery General Agency Fund,Bismarck Edward J HuckSt. Mary Cemetery Perpetual Agency Fund,Bismarck Church of St. MarySt. Mary Cemetery Prepaid Interment AgencyFund, Bismarck Church of St. MarySt. Mary Agency Fund, New EnglandSt. Patrick-B&J Leonberger Agency, Dickinson Church of St. Patrick

Bishop Hacker FundCatholic Relief FundEast African Mission FundElmer Rapp FundKuhn Trust FundSr. Kathleen Brady Trust FundFoundation Sponsorship Kenneth & Marilyn Keller Steve & Alvina Schneider Dan & Roxanne VondracheckSSF Minor Non-Endowed Unrestricted Fund Theodore & Alma Pedeliski

Agency Funds Current fiscal year donors

Other Funds Current fiscal year donors

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Establishing a Named Family Endowment Establishing a Named Family Endowment is one of the easiest, most faithful and sensible ways to leave a Catholic Legacy, and it is a very thoughtful way to honor or memorialize a family member or loved one forever. Endowments also have considerable tax advantages, especially here in North Dakota because of the ND Tax Credit.

You can name the endowment after your family or a loved one and designate which Catholic ministries will benefit from it. This endowment then becomes part of your Catholic Legacy, because it will be listed here in the Annual Report of the “Catholic Foundation for the People of the Diocese of Bismarck.” And as future generations read the report, your grandchildren, extended family, and parish will see how important the Church was to you. Even better, you will have made a permanent financial impact to your favorite Catholic Ministry.

Because an endowment, by definition, is forever, the gift you give will provide for your chosen ministry in perpetuity. You may be asking yourself, “What ministries can I support with my Family Endowment?” Well, the Catholic Foundation has a variety of options for you; if it’s Catholic in western North Dakota, we typically can make it work. Seminarian Scholarship, Priests’ Care, Catholic Schools or School Systems, Home On The Range, any one of the ninety-eight parishes and many more examples here in the Annual Report.

Your Named Family Endowment resides in and is managed by the Catholic Foundation. It then becomes Your Very Own Qualified North Dakota Endowment Fund which enables you to contribute to the fund and take advantage of the 40% North Dakota Tax Credit. In short, donors will typically receive a Federal Tax Deduction and a dollar-for-dollar reduction in their ND Income Tax Liability (see the example on the next page for more details. The potential impact is dramatic!).

With this new Family Endowment, you now have a vehicle to which family members and others can contribute and receive the same tax benefits. Yes, anyone can contribute to an endowment which you create. A Family Endowment could even be the beneficiary of a life insurance policy, an IRA or even a will bequest.

Wouldn’t you like to leave a legacy as other families in our diocese have done? It started with just a simple idea and goal and was so easy to set up. How will you affect the next generation and beyond of Catholics in the Bismarck Diocese? Take the first step and call us at the Catholic Foundation to find out how you can begin your Legacy Gift of a Named Family Endowment.

I hope you are enjoying your Annual Report. If you would like more information on Named Family Endowments, contact me, Kim Dvorak, Director of Development, at 701-226-2047 or email me at kdvorak@CatholicFoundationDOB.com. There is still time to start one this year.

The ND Tax Credit is still here!The ND Tax Credit is still here!North Dakota has established a Tax Credit (ND Century Code 57-38-01.21) that allows individuals, businesses, trusts, and estates to take advantage of a 40% state tax credit for contributions of over $5,000 to qualified charitable endowment funds. Even better, the unused portion of that state tax credit can be carried forward for three years.

A North Dakota taxpayer in the 25% tax bracket makes a donation of $25,000.After taking advantage of an estimated federal tax savings of $6,250 and aND Income tax credit of $10,000, the cost of that $25,000 donation is just ..............

$8,750!You have to like those numbers!

Your donation to theCatholic Foundation Endowment Funds

can go farther and cost you less.Take a look at the following example:

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Daniel & Norma Baranick Endowment Fund Beneficiary - Priests’ Care Endowment FundDoug & Sandra Dukart Family Endowment Beneficiaries - Seminarian Scholarship Endowment Fund - Minor; Women’s Religious Vocations Endowment Doug & Sandra DukartDonald J & Irene F Fisher Family Endowment Beneficiary - St. Mary Parish Endowment - South Heart Don & Irene FisherJay and Agnes Greenshields Family Endowment Beneficiaries - Seminarian Scholarships - Major; Seminarian Scholarships - Minor Agnes GreenshieldsThe Gustafson Family Endowment Fund Beneficiary - Seminarian Scholarship Endowment Fund - Major Allen & Diane GustafsonLarry & Karen Kostelecky Endowment Fund Beneficiaries - Seminarian Scholarship Endowment Fund - Major; St. Mary Parish Endowment - South Heart Karen KosteleckyMark & Albina Krebsbach Endowment Fund Beneficiary - Church of St. Anne Endowment FundRichard & Frances Marsh Endowment Fund Beneficiary - Queen of Peace Endowment Fund - Dickinson Ken & Cynthia Kuylen Frances MarshTim & Janelle Michelsen Family Endowment Beneficiaries - Seminarian Scholarship Endowment Fund - Major; Corpus Christi Parish; Cathedral of the Holy Spirit Parish; Spirit of Life Parish; Priests’ Care Fund Timothy & Janelle MichelsenDeacon Ryan & Margo Nelson Endowment Fund Beneficiary - Catholic Schools & Religious Education Endowment FundTodd & Rachelle Preszler Family Endowment Beneficiaries - Seminarian Scholarship Endowment

Fund - Minor; Light of Christ Catholic Schools of Excellence Operations Endowment Fund Todd & Rachelle PreszlerJames & Genevieve Roth Vocations Endowment Beneficiaries - Seminarian Scholarships - Minor; Women in Religious Vocations Education Scholarships Genevieve RothBeanie & Lillian Scherr Family Endowment Beneficiary - St. Mary/Ascension Maintenance & Acquisition Endowment Fund - Bismarck Marcia Scherr-Kunz Paulette Scherr James & Susan Schick Pamela SteeleLillian & Albinus (Beanie) Scherr Family Endowment Beneficiary - St. Mary Maintenance & Acquisition Endowment Fund - Bismarck Brian & Lorie Bowker Kenneth & Carol SmothermanSylvia M. & Louis A. Schmitz Endowment Beneficiaries - Christ the King Education Scholarships - Mandan; St. Joseph School Scholarships - MandanPhillip & Evelyn (Cote) Senechal Endowment Beneficiary - Seminarian Scholarship Endowment Fund - Minor Myron & Cheryl SenechalSt. John Vianney Endowment Fund Rev. Msgr. Gerald WalshLeo & Eleanor Stockert Family Endowment Beneficiary - St. Joseph Endowment Fund - DickinsonMaria Vida and Branden Tschosik Memorial Endowment Fund Beneficiaries - Seminarian Scholarship Endowment Fund - Major; St. Anthony Maintenance & Acquisition Endowment Fund - Linton Duane & Mary TschosikAnthony & Celia Vetter Family Endowment Beneficiary - Seminarian Scholarship Endowment Fund - Major Anthony & Celia Vetter

Named Family Endowments Current fiscal year donors

Charitable Gift Annuities

Beneficiary of the 80 open annuities Original 6/30/15 Value ValueA Vision for the Future Captial Campaign Seminarian Scholarship Endowment Fund - Major $ 41,340 $ 8,120 Priest Benefit Association 31,005 6,090 Catholic Schools & Religious Education Endowment Fund 43,725 8,588 Priest's Care Endowment Fund 42,930 8,432African Mission Team 3,000 1,551Assumption Abbey, Richardton ND 5,000 4,406Benedictine Sisters of the Annunciation, Bismarck ND 5,000 4,259Bishop Paul A. Zipfel Endowment Fund 10,000 10,874Catholic Indian Mission 15,000 9,600Church of Christ the King, Mandan 9,000 9,121Church of Corpus Christi, Bismarck ND 55,000 42,676Church of St. Anne, Bismarck ND 4,000 9,813Church of St. Gertrude, Raleigh ND 11,000 8,296Church of St. Joseph, Dickinson ND 20,000 19,475Church of St. Joseph, Williston ND 5,000 2,818Church of St. Mary, Bismarck ND 79,000 54,996Church of St. Patrick, Dickinson ND 27,000 15,295Church of St. Pius V, New Salem ND 10,000 3,293Church of St. Vincent de Paul, Mott ND 13,800 13,753Dickinson Catholic Schools Embracing our Future Capital Campaign 10,000 5,596Diocese of Bismarck 962,931 873,091Joseph K. & Julianna Schatz Endowment for Christ the King School 100,000 104,044ND School For the Blind Foundation, Grand Forks ND 5,000 4,447Priest Benefit Association 202,003 231,574School Sisters of Notre Dame at Mankato Minnesota, Inc., Mankato MN 5,000 4,375Seminarian Scholarship Endowment Fund - Major 321,000 287,885Sisters of St. Benedict, Crookston MN 1,000 1,195St. Joseph School, Williston ND 5,000 3,533St. John Vianney Endowment Fund 55,000 56,848St. Mary's Central High School, Bismarck ND 5,000 4,136St. Vincent Care Center, Bismarck ND 5,000 4,237Trinity High School, Dickinson ND 17,386 28,619 $ 2,125,120 $ 1,851,036

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On behalf of all the Catholic ministries you see listed here, the Diocese of Bismarck is proud to administer and guarantee payment to the annuitant while benefiting the Catholic ministry of your choice. A charitable gift annuity is an income producing gift which can help you and your church at the same time. First you receive a tax deduction and it qualifies for the ND State Tax Credit. Secondly it can generate more guaranteed income (for life) than you normally get with the average bank type investment (Certificate of Deposit). Finally when the annuity matures, the remainder is gifted to support the Catholic mission of your choice. For questions and more information please contact the Planned Giving Dept. at 701-204-7206.

2015 Foundation StaffRon Schatz, Eve Mercer, Laurie Hagerott, Bishop Kagan, Dale Eberle, Laura Huber and Kim Dvorak

Your Guide to GivingThere are many ways to give and leave a legacy. The Catholic Foundation accepts gifts of cash, appreciated securities and real estate. All gifts are tax deductible to the full extent of the law. And you choose the parish, school or ministry to benefit from your gift.

Gifts that Start Making a Difference TodayType What it takes Benefits

Add to an Existing Fund Gift of any amount • Quick and easy• Your gift goes right to work

Donor Advised Funds Set up a fund in yourown name

• Simplify your charitable giving• Recommend grants to your favor-

ite charities now or in the future• Add to your fund at any time

Named Endowments to Ministries You Designate

A gift of $10,000+ will establisha fund that provides a permanent source of funding

• Fund provides forever• Principal protected• Annual distributions made to

ministries

Gifts that Bear Fruits Later - Deferred GiftsType What it takes Benefits

Testamentary Gifts A bequest of any size can be left in your will to the Foundation or name us as beneficiary of a retirement account and/or insurance policy

• Easy to do• Creates a lasting legacy• Provides benefits forever

Life Estate Agreement You retain the right to live in your home or use your property while gifting it to us

• Avoid the hassles of selling• Reduce the size of your estate• Tax advantages

Gifts that Give Back - Life Income GiftsType What it takes Benefits

Charitable Gift Annuity Receive an income for life in exchange for a gift of $10,000+

• Guaranteed payments for life• Tax advantages• Rates up to 9% depending on age

Charitable Remainder Trust Receive an income for life or a term of years in exchange for a gift of $100,000+

• Fixed dollar or fixed payout rate for life

• Rate set by you (generally 5-8%)• Avoid capital gains tax on gifts

of appreciated securities or real estate

• Charitable remainder can roll into an endowment for ministries determined by donor

Charitable Lead Trust With your gift of $100,000+ your named charity receives payments for a fixed period of years or your lifetime, then remainder returns to you or heirs

• Ideal for individuals in high estate and gift tax brackets

• Charity benefits and principal passes to others with reduced estate and gift taxes

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Stewardship PrayerLord God, giver of life

and all good gifts, You anointed Jesus with the Holy Spirit who inspired him to give everything he had for our sake. Move us by the same spirit of

stewardship to share first to the Lord, for the benefit of all.

By your grace, help us to follow in your footsteps and become more focused on loving and caring for our families, our

neighbors and our communities. Lead us to the awareness that

everything we are and everything we have is your gift.

Grant us the spirit of sacrifice to always seek your will and to

share our gifts with our brothers and sisters. May we be good

stewards of all we have received and cooperate with you in

building your kingdom of love and justice.

We ask this throughChrist our Lord.

Amen

Catholic Foundation

Ensuring the faith for generations to come

for the People of the

catholicfoundationdob.com

Diocese of Bismarck

520 N. Washington St.Bismarck, ND 58501701-204-7206 • 877-405-7435

CatholicFoundationDOB.com

Leave a LegacyWe recognize and honor donors who have confirmed testamentary gifts with the Catholic Foundation for the benefit of their favorite ministry.

Name: __________________________________________________________Date of Birth: ____________________________________________________Address: _________________________________________________________City, State, Zip: ___________________________________________________ Phone: _________________________ Cell:____________________________E-mail: __________________________________________________________

Yes, it is my/our intent to leave a legacy by naming the Catholic Foundation for the People of the Diocese of Bismarck as a beneficiary through my/our: q Will q Living Trust q Life Insurance Plan q Retirement Plan, e.g., 401(k), IRA q Charitable Remainder Trust q Employee Stock Option Plan (ESOP)q Other ________________________________

I/we wish to inform the Catholic Foundation for the People of the Diocese of Bismarck, that as of this date, the current value of my/our estate gift is: $__________________, however, I/we may choose to modify or revoke this provision at any time. I/we will notify the Foundation if provisions are changed. (If your gift is a percentage of your estate, please indicate the present value of that percentage.)

We would like our gift to be used: q Where the need is greatest.q As a gift to benefit the following ministry, ___________________________ .

The Catholic Foundation appreciates the opportunity to recognize your testamentary gift and honor your spirit of philanthropy in donor recognition listings.

Signature: _____________________________________ Date:____________

Signature: _____________________________________ Date:____________

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Please return in enclosed envelope.

NON-PROFIT ORGU.S. POSTAGE

PAIDPERMIT NO. 419BISMARCK, ND