Overview
What is The Abbey Foundation Of Oregon?
The Abbey Foundation of Oregon is a nonprofit organization established to support Mount Angel Abbey, an influential monastic community in Saint Benedict, Oregon. Mount Angel Abbey, established in 1882, operates the second largest Catholic seminary in the United States. The foundation primarily operates in three areas: operating support, capital support, and endowment support. It grants funds to help cover the education costs of seminarians at Mount Angel Seminary, raises funds for the abbey's capital needs, and administers endowments created by donors to support the monastery and its programs. The foundation's mission is to promote the financial vitality of Mount Angel Abbey, ensuring its long-term sustainability and growth.
Official website here: www.mountangelabbey.org
What do the Facebook reviews say about The Abbey Foundation Of Oregon?
92% of 325 reviewers on Facebook recommend The Abbey Foundation Of Oregon. Here is a summary of their reviews:
Many individuals appreciate the beauty and historical significance of the monastery, highlighting it as a place of great charm and captivating scenery. The long journey from Tijuana to Oregon adds to the heartfelt connection that visitors feel, showcasing the dedication and interest in experiencing this unique location. Overall, there seems to be a shared admiration for what the foundation offers, capturing both the essence of the landscape and the richness of its history.
This AI summary has been generated from reviews found on Facebook.
Is The Abbey Foundation Of Oregon legitimate?
The Abbey Foundation Of Oregon is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Abbey Foundation Of Oregon submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.mountangelabbey.org
What is the mission statement of The Abbey Foundation Of Oregon?
The Abbey Foundation of Oregon's mission is to foster the financial stability of Mount Angel Abbey. This is accomplished by seeking operating support, special project funding, and long-term endowments. The aim is to provide financial assistance for the monastery, Mount Angel Seminary, the retreat and guest programs, and the library at Mount Angel Abbey. The foundation primarily operates in three areas: providing operating support through grants to help cover the costs of seminarian education at Mount Angel Seminary, raising funds for various capital needs of the abbey, and managing endowments created by donors to support Mount Angel Abbey and its programs.
Official website here: www.mountangelabbey.org
Who is the CEO of The Abbey Foundation Of Oregon?
Randy Grassel is the President of The Abbey Foundation Of Oregon.
Official website here: www.mountangelabbey.org
What is the revenue of The Abbey Foundation Of Oregon?
The Abbey Foundation Of Oregon's revenue in 2022 was $6,704,016.
Official website here: www.mountangelabbey.org
Who are the executives of The Abbey Foundation Of Oregon and what are their salaries?
There 18 volunteers at The Abbey Foundation Of Oregon.
Here are 18 key members and their salaries:
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Official website here: www.mountangelabbey.org
Where can I find the form 990 for The Abbey Foundation Of Oregon?
The Abbey Foundation Of Oregon's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mountangelabbey.org
Learn more at the official website: www.mountangelabbey.org
Mission Statement of The Abbey Foundation Of Oregon
The Abbey Foundation of Oregon, established with a mission to promote the financial vitality of Mount Angel Abbey, seeks to support this monastic community in various ways. Its primary aim is to provide operating support, special project funding, and long-term endowments for the Monastery, Mount Angel Seminary, the Retreat and Guest Programs, and the Library. The foundation makes grants to Mount Angel Abbey to help cover the costs of educating seminarians at the seminary, raises funds for the capital needs of the Abbey, and manages a number of endowments created by donors in support of Mount Angel Abbey and its programs. In essence, the Abbey Foundation of Oregon works tirelessly to ensure the financial stability and growth of Mount Angel Abbey, a monastic community that operates the second largest Catholic seminary in the United States.
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Impact
October, 2024
The Abbey Foundation of Oregon significantly enhances the financial vitality of Mount Angel Abbey, a historic monastic community that has been operating since 1882. Through various forms of support, including grants, the foundation plays a crucial role in sustaining the second largest Catholic seminary in the United States.
By providing operating support, the foundation helps underwrite the costs of education for seminarians, ensuring that future leaders in the Catholic Church receive the formation they need. In addition, the foundation raises funds for capital projects, addressing the physical and infrastructural needs of Mount Angel Abbey, the monastery, and its facilities.
Moreover, the foundation manages several endowments funded by generous donations, which further bolster the abbey's long-term financial health. This multi-faceted approach not only sustains the current operations of the abbey and seminary but also promotes the continuation of its mission, retreat programs, and extensive library services, fostering a vibrant community dedicated to spiritual growth and education.
This information is meant to be a general summary of The Abbey Foundation Of Oregon. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,238,464
- Gross Receipts: $7,633,398
Assets and Liabilities:
- Total Assets: $41,025,163
- Total Liabilities: $2,214,152
- Net Assets: $38,811,011
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Organization Details
Founding Year
2002
Phone
(503) 845-3052Principal Officer
Randy Grassel
Main Address
ONE ABBEY DRIVE, SAINT BENEDICT, OR, 97373
Website
www.mountangelabbey.orgNTEE Category
Code: Z99 - Unknown
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