Q&A about The Legacy Fund

Q&A

Q: WHAT CHURCH AFFILIATION IS PACEM IN TERRIS?

A. The ministry of Pacem in Terris is ecumenical under the umbrella of the Catholic faith.

Q: HOW ARE YOU FUNDED AND HOW MUCH DEBT DO YOU HAVE NOW?

A. Pacem in Terris is debt free. We are funded through the donations given by our hermit guests and through the generosity of faith-filled benefactors who believe in the mission of Pacem.

Q: WHY START A LEGACY FUND NOW?

A. In gratitude to God for what has been so successfully begun, and looking toward the 25th anniversary of Pacem in Terris in 2013, the Board of Directors commissioned the establishment of the Legacy Fund and has initiated a fund-raising campaign to “Preserve the Vision and Continue the Mission” for future generations.

Q: WHY TARGET SEVEN MILLION DOLLARS?

A. Our best projections indicate the need for a seven million-dollar fund that, when fully funded, will provide five million dollars for an endowment and two million dollars for development needs that arise above and beyond the annual operating budget.

Q: HOW WILL THE FUNDS BE USED?

A. The interest from the endowment fund will be used to help “Close the Gap” to assist in meeting the growing costs of providing the hermitage experience. The development fund will provide for additional hermitages when needed, protection and preservation of Pacem’s natural environment, staff growth, and other capital expenditures.

Q: WHO IS COORDINATING THE CAMPAIGN?

A. The campaign is being coordinated and managed by our Legacy Team, comprised of members of the Board of Directors and staff. We will draw on the assistance of various experts in the field to help carry out different projects in areas such as marketing and investment planning.

Q: WHO WILL MANAGE THE LEGACY FUND?

A. The Board of Directors has established a Pacem in Terris Investment Committee to advise and supervise the plan and placement of funds, assisted by the selected investment company and their advisers.

Q: WILL GIVING TO THE LEGACY FUND TAKE THE PLACE OF MY GIVING TO THE ANNUAL APPEAL TO “CLOSE THE GAP”?

A. No. As in the past, yearly operational funds will continue to be needed. We will continue to rely on the ongoing generosity of faith-filled givers to meet these costs. At the same time, we are seeking additional new funds to assist us in stewarding well the future of Pacem in Terris for generations to come.

Q: WHAT METHODS ARE AVAILABLE FOR GIVING?

A. You can donate to the Pacem in Terris Legacy Fund in a variety of ways:
• Cash and check contributions
• Pledges (monthly, quarterly, annually)
• Automatic withdrawal
Online at GiveMN.org
Planned Giving, including stocks, bonds, bequests, etc.

Each donation will be safely invested in the Legacy Fund to protect and preserve what has been carefully and purposefully built, and to provide for the future.

Click here for a PDF of our Legacy Fund brochure.