St. Mary's Catholic Church

Altoona, WI

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Home > Parish Endowment Trust

Parish Endowment Trust

St Mary's Endowment Logo_NEW

In 2007, St. Mary’s conducted a Capital Campaign entitled “Investing in our Future”. The goal was to build up an Endowment Trust. The campaign initially generated about $600,000. In November 2011, it gained official status as a legal corporation. As of December 31, 2018, market growth and additional donations had brought the total value up to $1,088,637.30.

The Board of Trustees consists of Bishop Callahan, Monsignor William Dhein, Fr. Sakowski and five lay parishioners: John Spalding, Brian Frank, Charlie Thurner, Mike Buck and Mark Willer. The board meets at least once annually and exercises fiduciary oversight to ensure the following: 1) that the funds are invested responsibly; 2) that annual distributions are made; 3) that these distributions are used in a way that honors the purpose of the Endowment.

The purpose, as stated in our Endowment document, is as follows: “(a) Primarily for the reduction of school tuition at St. Mary’s Elementary School; (b) secondarily for tuition reduction at the Regis Catholic Schools’ Middle School and High School; and (c) for assistance to parish members attending Catholic Seminaries for the express purpose of ordination to the priesthood.”

As with every endowment, we never touch the principal. The idea is to receive annual distributions from the market earnings, year after year, while not spending the original gift. As a general rule of planning, you can hope to receive 4% annually. In other words, our Endowment should yield us at least of $40,000 per year in tuition assistance, as long as God blesses us with a parish and a nation.

We’d like to ask you to prayerfully consider making a donation to the St. Mary Parish Endowment Trust as part of our Fr. Wilger Annual Appeal.

You can donate online via PayPal using the “Donate” button below. You can also donate by contacting St. Mary’s Parish office at (715) 855-1294 or at stmarypar@gmail.com.




We are looking to connect with those who attended St. Mary’s Elementary School in order to encourage them to support the Endowment and, in turn, make a difference in the lives of current St. Mary’s Elementary School students.

If you are an alumni who would like to be added to our mailing list, please contact the Parish Office at (715) 855-1294 or at stmarypar@gmail.com.

You can also “LIKE” our St. Mary’s Elementary School Alumni Facebook page at https://www.facebook.com/StMarysElementarySchoolAlumni for information on the Endowment and what’s happening day-to-day at St. Mary’s Elementary!

Quick Links

  • Bulletins
  • Scrip
  • Online Giving
  • Communication Requests
  • Sign up for Email Updates
  • St. Mary’s Facebook Page
  • YouTube Livestream
  • Fr. Sakowski’s Blog

Mass Times

Regular Weekend Mass Schedule
Saturday Vigil | 4:00pm (Eng)
Sunday | 11:00am (Eng), 1:00pm (Spanish)

Weekday Mass Schedule 
Wednesday | 5:30pm
Friday | 9:00am
Tuesday & Thursday | 8:00am (St. Raymond's)

Confession & Eucharistic Adoration

Confessions: Saturday | 10am to Noon

Eucharistic Adoration: Tuesdays | 5pm to 8pm

Parish Office Hours

Sunday | noon to 3:00pm

Monday | Closed

Tuesday | Closed

Wednesday | 9:00am to Noon

Thursday | 9:00am to Noon

Friday | 9:00am to Noon

Saturday | Closed

St. Mary's Catholic Church

715-855-1294 (Se Habla Espanol!) 1812 Lynn Avenue Altoona, WI, 54720 Find us on Facebook!

Pastor | Fr. Derek Sakowski
715-855-1294 ext. 6502
DSakowski@diolclergy.org

Parochial Vicar | Fr. Levi Schmitt
715-855-1294 ext. 1012
LSchmitt@diolclergy.org

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