PLANNED GIVING

The Saint Benedict Society recognizes those who have made Saint Joseph Abbey and Seminary College part of their estate plans or who have contributed to an endowed fund.

There are two general ways to qualify for membership in the Society. 

Give Now.  Those who contribute $10,000 or more (even over multiple years) to an endowed fund are recognized through membership in the Saint Benedict Society. (Please see Endowment link at top of page for more information on endowed funds.)

Give Later.  You can commit now to a future gift. For example, qualify for the St. Benedict Society by naming Saint Joseph Abbey and/or Seminary College in your will or estate plan. Or, designate the Abbey and/or Seminary College as the beneficiary of a life insurance policy, investment or banking account, commercial annuity contract, or retirement savings plan.

ENDOWMENT FUND OPTIONS

Within the Saint Joseph Abbey and Seminary College endowment funds, donors can direct their gifts to one of six general areas. (For endowed funds, the original principal remains intact and only earnings are used for the designated purposes.)

Monks’ Health and Retirement Endowed Fund

Earnings help cover health and retirement costs of monks.

Monks’ Education Endowed Fund

Earnings assist monks’ continuing education and the education of new monks.

The Abbey Endowed Fund

Earnings are used “where needs are greatest” at Saint Joseph Abbey.

The Seminary College Endowed Fund

Earnings are restricted to the general betterment of St. Joseph Seminary College.

Abbey Bread Fund

Earnings are used to support the maintenance and operations of Saint Joseph Abbey’s Abbey Bread Program.  Earnings in excess of what is needed to operate the bakery will go toward the support of the monks and their other ministries.

Retreat Ministry Endowed Fund

Earnings are directed for the benefit of Saint Joseph Abbey’s retreat ministry.