Theresian Foundation=Theresians Forever
What is the Theresian Foundation?
The mission of the Theresian Foundation is to provide financial support to Theresians International in perpetuity. The Foundation Board of Directors achieves its mission by meeting investment goals established by the Board, receiving contributions and donations, conducting fundraising activities which are related to and which support the work and mission of Theresians, making an annual distribution to Theresians International (TI) in accordance with policies and procedures established by the Board, and balancing investment growth goals with current spending needs of Theresians International.
What is the origin of the Theresian Foundation?
Msgr. Elwood C. Voss, the founder of Theresians, died January 15, 1992. The home where Msgr. Voss lived and worked was owned by Theresians. The proceeds from its sale were invested in the E. C. Voss Endowment Fund at that time. In 2001, the Endowment became a separate not-for-profit corporation under the name Theresian Foundation, Inc.
Why does Theresians International need the Theresian Foundation?
The Theresian Foundation assures the sustainability of Theresians International. As Theresians International continues to develop, with a focus on future generations of Theresians, additional funds are needed for outreach so that more and more women will have the opportunity to experience the benefits of being a Theresian and enhancing their personal spirituality.
How is Theresians International funded?
Theresians International has three main sources of funding: annual membership dues, the Theresian Foundation, and the Theresian Annual Fund. Since annual membership dues do not completely cover the annual budget of Theresians International, the Theresian Foundation and the Theresian Annual Fund work to balance the Theresians International budget.
What is the difference between the Theresian Annual Fund and the Theresian Foundation?
The Theresian Annual Fund is a working fund and the money collected goes entirely toward the operational expenses of Theresians International. The Theresian Foundation is an investment fund which distributes a set percentage of its financial assets annually to Theresians International. The Foundation’s goal is the perpetuity of the Theresian organization, its mission and ministry, for future generations. Donations to the Theresian Foundation and TI through the Theresian Annual Fund are tax deductible.
Who oversees the operation of the Theresian Foundation?
The Theresian Foundation Board of Directors oversees the operation of the Theresian Foundation. The board is comprised of seven Theresian members who serve staggered three-year terms with the option of each serving three consecutive terms. These Theresian members are experienced Theresians who have served in leadership positions and usually had prior service on the boards of either Theresians International or the U.S.A. National Leadership Team. The Board meets four times a year, three by video-conference call and once in person.
How are the funds of the Theresian Foundation invested?
Since the inception of the Theresian Foundation, its Board of Directors has chosen to invest the funds with Christian Brothers Investments Services (CBIS). CBIS has a long history of providing professional and socially responsible investments for the Catholic Church and its related organizations, convents, schools, and hospitals. Funds invested with CBIS are consistent with our faith and the social justice teachings of the Church. The investments of Foundation assets are in placed in Socially Responsible Investments (SRI).
How are donations made to the Theresian Foundation?
The Theresian Foundation receives funding from a variety of sources, including Celebrate Life cards, Women of Vision recognitions, the sale of Theresian jewelry, outright and planned gifts. Because of the significant impact Theresians has made in the lives of its members, some members and supporters have chosen to remember the Theresian Foundation in their wills through life insurance, outright gifts, Legacy Donor bequests and Charitable Remainder Trusts.
Making a Legacy gift is easy!
Use this ACH form if you would like to make a monthly donation to Theresians International or the Theresian Foundation through your checking account. It’s a convenient way to give regularly.
ACH Authorization Form
View the Theresian International Online Store. Proceeds benefit the Theresian Foundation.
Theresian Online Store
What are Celebrate Life cards?
These cards are a meaningful way to remember a birthday, an anniversary or other special event in the lives of those who are special to you. They also serve as a memorial acknowledging the death of someone. Cards are available through the Theresian office or local Theresian communities. Fill out the card and mail it with a donation to the Theresian office. The recipient will receive an acknowledgement of the gift.
Celebrate Life Card
What is the Woman of Vision recognition?
This is a perfect way to recognize an outstanding woman who lives the Theresian motto of “Women in Support of Women—Reaching Out with Gospel Values.” With a donation in the amount of $2,500 to the Theresian Foundation, the recipient receives a beautiful crystal sculpture. The recognition is usually presented at a Theresian event, a Day of Prayer, or a national/international conference. Family members or Theresian members can nominate someone to receive this recognition. Many of the recipients have made outstanding contributions to Theresians on a number of different levels—local, district, state, national, or international, and served on special committees.