There are 2 funds you can donate to:
The Diocese of Victoria has two funds available to educate our seminarians. Many of you know the diocese has a Seminary Burses Fund. The contributions to the burses are published monthly in The Catholic Lighthouse. What you probably don’t know is that the Seminary Burses Fund is a permanent endowment fund. This means that only the interest generated from the investment of these funds may be used to offset the cost of educating seminarians. With a current balance of $1,600,000, the Seminary Burses Endowment Fund generates enough to fund the cost of educating one seminarian. Currently, there are ten men studying to become priests for the Diocese of Victoria. The cost of educating the other nine men has to be paid through the Diocesan Services Appeal or the Education of Seminarians Fund explained below. In order for the Seminary Burses Fund to cover all of the expenses of educating our current seminarians, the yield on the Seminary Burses Fund investments would need to be about 22 percent. Of course, this is not possible in today’s low rate environment.
In 2008, as a result of a generous bequest, the diocese established a 2nd fund called “Education of Seminarians Fund”. All of the monies donated to this fund, as well as the earnings, are available to cover the cost of educating seminarians. The proceeds of the special collection on Holy Thursday are deposited into the Education of Seminarians Fund. The majority of the cost of educating the seminarians since 2008 has been paid from this fund. From 2008 through 2014, the Education of Seminarians Fund provided funds in excess of $2,000,000 for the education of the seminarians. Without this fund, the goal for the annual Diocesan Services Appeal (DSA) would have been much higher.
The Diocese of Victoria is grateful for the continued support of the Seminary Burses. Please consider making contributions to the Education of Seminarians Fund. If this fund continues to grow, the need to fund the cost of educating our seminarians through the DSA will continue to be minimal.