An anonymous donor has approached Father Matthew Laffey, O.S.B., director of Catholic Campus Ministry for Penn State University Park campus, with $250,000.00 and a challenge for others to match that amount by December 31.
The Board of Trustees of the Independent Catholic Foundation has elected William D. Stasko of Johnstown to serve a three-year term effective July 1, 2017.
Due to healthy investment returns, the Board of Trustees of the Independent Catholic Foundation recently approved a distribution percentage of 4.5% for each of its 250 permanent endowments.
During the past five years the number of endowments held by the Foundation has enjoyed steady growth. So far this fiscal year (2015-16) the Foundation has added one new endowment which bring the total number to 241.
New High School Scholarships Added Unbeknownst to each another, graduating classes of 1960 of each high-school (now Bishop Guilfoyle and Bishop McCort Catholic High Schools) have created new scholarship endowments. This past summer each class had reunions...