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1/14/2008--------

FOUR NEW BOARD MEMBERS JOIN FOUNDATION BOARD

The Board of Directors of the Foundation for the Diocese of El Paso is pleased to announce that four new board members have join the Foundation board for three year terms. They are:

1. Sandra Almanzan, National Rural Initiatives Director for Fannie Mae
2. Michael Miles, President of the Michael and Clara Miles Foundation
3. Ershel C. Redd, Jr., President/CEO of the El Paso Electric Company
4. Shaw Skinner, an Alpine-based CPA in private practice

The Foundation is an independent non-profit organization founded in 2001 to support the work of the Diocese of El Paso. The Foundation manages the Progress Campaign, Catholic Legacy Funds, and Grants Development Office. The overall goal of the Foundation is to promote stewardship as a way of life.

2008 Foundation Board of Directors
Russ Vandenberg, Chairman
Leroy Baeza, Vice-Chairman
Carolyn Mora, Treasurer
Joseph Maresca, Secretary
Most Reverend Armando X. Ochoa, D.D.
Sandra Almanzan
Elsa Colmenero-Bustamante
Cristina Castanares
Linda Daw Hudson
Dr. Jose Manuel De La Rosa
Rose Gailey
Calvin Kessler
Cecilia Levine
Jose Leyva
Jeff Limberg
Mike Miles
Ershel C. Redd, Jr.
Shaw Skinner
Monsignor Francis Smith
Fr. John Stowe, OFM Conv-Ex-Officio
John Witherspoon

For more information, contact the Foundation at 872-8412.

BOARD APPROVES 2008 DISTRIBUTIONS FROM THE CATHOLIC LEGACY FUND

The Foundation Board of Directors has approved more than $50,000 in distributions from the Catholic Legacy Fund in 2008. The Catholic Legacy Fund serves the annual and long-term needs of diocesan ministries, parishes and schools. Gifts of endowment are made to the Catholic Legacy Fund, whose principal is protected, and a portion whose earnings are distributed on an annual basis per board policy.

The Foundation launched the Catholic Legacy Fund in 2007 with a goal of raising $20 million by 2020. With a corpus of $20 million, the Foundation will be able to give away more than $800,000 annually, as the fund continues to grow. The Foundation welcomes gifts to the Catholic Legacy Fund to benefit ministries, parishes and schools, and to honor or memorialize family or loved ones.

To make a gift to any one of these designated funds or to the ministry, parish or school of your choice, contact the Foundation at (915) 872-8412.