More than $7 million in pledge payments from the Davenport Diocese’s $22 million capital campaign has been received so far by the Catholic Foundation for the Diocese of Davenport. “Knowing that many pledges are being paid over five years, having this amount paid already is very good,” said Sister Laura Goedken, OP, the diocese’s development director.
Income from the capital campaign, which wrapped up in August, is funding the purchase and renovation of diocesan headquarters at the St. Vincent Center in Davenport and will also support clergy, seminarians, schools, parishes and diocesan ministries. Parishes will receive back 20 percent of whatever their parishioners pay. Then money will be invested with the Catholic Foundation and placed in funds as specified in the capital campaign case statement.
The Catholic Foundation is a separate, exempt, legal corporation in Iowa and all gifts to it are tax deductible. Its mission is to encourage, solicit, accept and manage gifts in order to foster stewardship and to distribute income that advances the priorities of the diocese and its entities according to Gospel values.
The Catholic Foundation’s board members, who meet quarterly, have expertise in various aspects of finance or financial management. They have established policies and guidelines for gift acceptance, investments and spending, all of which can be found on the diocesan website at www.davenportdiocese.org.
Most recently, the Catholic Foundation’s board accepted the audited report for fiscal 2010 at its October board meeting. The full audit is also available on the diocesan website. All donor restrictions are being honored as requested.
Pledge reminders are sent out regularly according to the schedule requested by the donor. If you wish to make any changes in your payment schedule, or wish to make a pledge or have further questions, please contact Sr. Goedken at (563) 324-1911 or by e-mail: email@example.com
Meet the Catholic Foundation board
The following individuals are members of the Catholic Foundation for the Diocese of Davenport:
Mary Babinat, Sacred Heart Parish, Newton, a Certified Public Accountant.
Tonja Jirak, St. Mary Parish, Fairfield, a Certified Public Accountant, part-time project director for Van Buren SAFE Coalition, home-school mother.
David Miller, Ss. John & Paul Parish, Burlington, CEO of The Growth Coach.
James Nepple, Ss. Mary & Mathias Parish, Muscatine, a tax and estate planning attorney with Nepple Law, PLC.
Molly O’Meara Schnell, Sacred Heart Cathedral Parish, Davenport, an attorney/shareholder, Schnell & Hancock P.C., Davenport.
Stan Reeg, St. Joseph Parish, DeWitt, Investment Advisor, Wells Fargo Advisors.
Joe Welsh, St. Peter Parish, Lovilia, a retired IT executive.
Doug Young, St. Patrick Parish, Iowa City, semi-retired, director of financial management/budget for University of Iowa.
Sister Laura Goedken, OP, Director of Development, Diocese of Davenport, staff to the Board
Char Maaske, Certified Public Accountant, Chief Financial Officer, Diocese of Davenport, staff to the Board, Treasurer for the Catholic Foundation.
Msgr. John Hyland, Vicar General for the Diocese of Davenport, ex-officio board member
Bishop Martin Amos, Bishop of the Diocese of Davenport, ex-officio board member