Description

Donations to this fund will be deposited to our Parish Endowment Fund in memory of Fr. Steve Kanonik, beloved late pastor of St. Benedict Parish. Building the principal balance of the PEF was a primary long-term goal for Fr. Steve.Your donation to the PEF is greatly appreciated and the Kanonik family will receive notification of your generosity.

The St. Benedict Parish Endowment Fund (PEF) is a restricted investment fund. Donations ("principal") remain in the PEF account forever and only income/earnings on the principal may be withdrawn..Earnings withdrawals might be made to support special initiatives for parish programs and ministries, and during exceptionally challenging or catastropihic financial times, earnings withdrawls might help cover operating expenses. All donations to the PEF are transferred to the St. Benedict Parish investment account held with Northern Trust Bank.