Care for Retired Priests: $9,000,000
Artist's dipiction of St. John Vianney Residence for Priests.
For over a century, priests in our Diocese have labored tirelessly in the Lord’s vineyard with love and sacrifice. Throughout their lives of service, our priests baptize our children, preach the Gospel, preside at weddings, and celebrate the Eucharist. They visit the sick, comfort the needy and offer the Love and Mercy of Christ through the forgiveness of sins.
A growing number of priests in the Diocese of Corpus Christi are beginning to reach the retirement age of 70 years. Most retired priests continue to work in some capacity long after the ‘official’ retirement. After a lifetime of devotion and service, we must ensure that they are taken care of in their retirement years.
Currently there are 20 priests in retirement. Between 2011 and 2020, 12 priests will reach retirement age and 27 more will reach retirement age between 2021 and 2030. Legacy of Faith ~ Future of Hope will fund the following priest retirement needs to demonstrate our appreciation for our priests’ selflessness and effective service to the people of the Diocese of Corpus Christi.
St. John Vianney Residence for Priests $5,500,000
Responding to a need expressed by its priests, the Diocese will construct a facility for retired priests of the Diocese of Corpus Christi who would prefer to live in community with other retired priests. The St. John Vianney Residence for Priests will provide housing for as many as 20 retired priests through 9 duplex units, a community center and an assisted living unit.
Residence Operations Endowment $1,500,000
Endowments are funds where monies are placed and invested to generate income on an ongoing basis. The original investment, or principal, remains untouched, with only the income earned each year allocated to address the stated needs. This ensures the availability of funding long into the future. The Residence Operations Endowment will support the annual financial maintenance and operations of the St. John Vianney Residence.
Priest Pension Plan $2,000,000
After a lifetime of service, our priests deserve a dignified retirement that supports their modest daily needs and provides adequate healthcare. The Diocese currently funds priest retirement through the Diocesan Priest Pension Plan. Currently, the plan is underfunded and at the same time, we must prepare for the growing number of priests reaching retirement age. A two million dollar contribution to the Priest Pension Plan will enable the Diocese to prepare for the influx of retired priests over the next 10 years.