CONCEPTION, Mo. — Conception Seminary College leadership has announced that the campaign has raised just more than $1.6 million of the $2.8 million needed to receive the $1 million challenge grant from the Mabee Foundation.
According to a news release, to receive the grant, this leaves $1.2 million to fundraise by Jan. 14, 2021.
In February, the Brothers Living in Unity campaign received a $1 million challenge grant. The J.E. and L.E. Mabee Foundation awarded the generous grant to aid in the final push to raise funds for the construction of the new seminary residence hall component.
To receive the grant, the college was tasked with raising the remaining $2.8 million within a year, by January 14, 2021. If this challenge is met, enough funds will have been raised to begin construction.
“This is a huge accomplishment, but there still is a long way to go,” said Very Rev. Victor Schinstock, OSB, President-Rector of Conception Seminary College. “We are grateful to those who have already helped lead the way with a gift or pledge to the campaign.”
Conception’s Brothers Living in Unity capital campaign was launched in the spring of 2019 with one overarching goal — to help the entire community live in greater unity with one another and in faith. To date, the campaign has secured more than $11 million in gifts and pledges.
As part of a three-year effort, Conception Seminary College is working to secure $10 million toward the new residence hall to house all seminarians under one roof, which will further strengthen its formation program. The remaining $4.5 million will build up the Monastic Retirement Endowment to continue to meet the needs of retired monks.
“Our work for the Brothers Living in Unity campaign is not done, and we will continue asking for prayers and support as we work to meet this challenge and complete this campaign,” said Rt. Rev. Benedict Neenan, OSB, Abbot of Conception Abbey.
The J. E. and L. E. Mabee Foundation, Inc. was formed in 1948 by John E. Mabee and his wife, Lottie E. Mabee, with its office in Midland, Texas. The Foundation aids Christian religious organizations, charitable organizations, institutions of higher learning, hospitals and other charitable organizations.
More information is available about the campaign online at campaign.conceptionabbey.org.