Losten pledges $100,000 for St. George Schools (06/13/04)

Losten pledges $100,000 for St. George Schools

NEW YORK - On March 14, at the annual meeting of Self Reliance (N.Y.) Federal Credit Union, after congratulating the Credit Union for its generous support of the St. George Schools, Bishop Basil Losten pledged to personally donate the sum of $100,000 to the St. George Ukrainian Catholic Schools Foundation.

On April 29, this amount was received and deposited in the foundation's Endowment Fund, bringing the total within the fund to approximately $700,000.

Also on April 29, the foundation held its first annual meeting of members. Membership is defined in the foundation's by-laws as those who contribute annually not less than $1,000 to the foundation.

The meeting was chaired by Askold S. Lozynskyj, who also reported on the foundation's Endowment Fund and the two schools' annual operating deficit of $220,000.

Peter P. Shyshka, the principal of St. George Academy, then offered an overview of the functioning of both educational institutions. Increasing contributions, investment opportunities, busing from outer boroughs, restructuring and enforcing collection of tuition were some of the issues discussed at length.

Finally, four members were elected to the foundation's board of directors: Bohdan Kurczak from Self Reliance (N.Y.) FCU, Mr. Lozynskyj, Bohdan Chaban and Jerry Lebedowicz. The other ex officio board members are: Bishop Basil Losten (head of diocese, the Stamford Eparchy of the Ukrainian Catholic Church), the Rev. Philip Sandrick (pastor), Sister Chrysostom Lukiw (elementary school principal), Mr. Shyshka (academy principal) and Oksana Bodnar (Parents' Association).

Those wishing to join the foundation by contributing $1,000 or more are urged to forward contributions to: St. George Ukrainian Catholic Schools Foundation, c/o Askold Lozynskyj, 225 E. 11th St., NY 10003. All contributions are tax-deductible.

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