The Archdiocese of Anchorage was awarded a matching grant from Catholic Extension to assist in seeding an endowment fund to support and ensure seminarian education well into the future. Currently, the Archdiocese pays all expenses to educate its seminarians.
There are currently 5 seminarians at an estimated cost of $300,000 a year at St. Paul’s Seminary in St. Paul, Minnesota. Catholic Extension realizes the costs, particularly to mission dioceses, and through its national donors it is able to provide this generous matching grant to the Archdiocese.
A prayerful gift from donors will fund the ultimate goal of a priest in every Archdiocese parish, to help create sustainable, thriving, faith filled communities throughout Southcentral Alaska. Join your fellow parishioners in this worthy cause!
The matching grant stipulates the following:
- For every qualified gift, Catholic Extension will give $1 for every $2 raised.
- To qualify, the gifts must be at $1,000 or more.
- The match is $50,000 if the Archdiocese raises $100,000
- All qualified matching gifts must be paid by December 31, 2016.
The seminarian education endowment will be set up through the Catholic Extension Society’s Mission Fund and the Catholic Foundation of Alaska to create a permanent endowment. Currently, all seminarian education costs are paid for by the Archdiocese of Anchorage through its One Bread, One Body appeal and a small grant from Catholic Extension.
The total cost for one seminarian from discernment to ordination is about $358,205, which is about $60K a year, depending on when the young man enters, and how much schooling he already has. The family pays for undergraduate work, and the Archdiocese pays for discernment and theology studies.