In May 2024, Raynier Institute & Foundation granted $500,000 to Saint Charles Borromeo Seminary to support organizational sustainability and ensure support for future students. $250,000 was paid in 2024 and the balance will be paid in 2025.
Saint Charles Borromeo Seminary has prioritized growing an unrestricted endowment to ensure their long-term sustainability. The endowment will allow them to offer financial aid to students who need it, continue their path to managing annual operating expenses, prepare for unexpected expenses, and most importantly, continue to grow their vibrant community.
The goals of the endowment fund are:
• To fund current operations to right-size our dependence on annual giving. Currently, operations are almost exclusively funded by annual fundraising dollars.
• To create a path for long-term organizational sustainability and ensure support for future generations of seminarians and students.