Support group established for St. George Schools in NYC (06/08/03)

Support group established for St. George Schools in NYC

NEW YORK - Following more than a decade of financial troubles, the Ukrainian community centered around St. George Ukrainian Catholic Church in New York City has formed a charitable foundation to lend support to both St. George School and St. George Academy.

On May 15 the New York Secretary of State accepted for filing the Certificate of Incorporation of a not-for-profit charitable corporation named St. George Ukrainian Catholic Schools Foundation, Ltd.

The list of incorporators includes: Bishop Basil Losten; the Rev. Philip Sandrick, pastor of St. George Church; Oksana Bodnar, chair of the St. George Parents' Association; as well as the principals of the two schools, Sister Chrysostom Lukiw and Peter P. Shyshka.

The foundation is in process of submitting an application for recognition of its tax-exempt status as a 501 (c) (3) entity under the Internal Revenue Code. This status will enable other not-for-profit or business corporations and the general public desiring tax deductibility to support the foundation.

In addition to addressing everyday financial needs, renovating school facilities, developing a pre-school program and registering new students, the foundation has formed a special Endowment Fund which will ensure not only the scholastic improvement of the two schools but also their long-term survival. The foundation seeks to garner a databank of alumni in order to establish an Alumni Association.

The legal work for the foundation was performed pro bono by Askold S. Lozynskyj, who is also in charge of its Endowment Fund.

All interested in joining the Alumni Association or contributing towards the Endowment Fund may contact the foundation at 24 E. Seventh St., New York, New York 10003 or Mr. Lozynskyj at 225 East 11th St., New York, NY 10003; telephone: (212) 254-2260; fax, (212) 979-1011; e-mail, Askold@erols.com.

The goal of the Endowment Fund is $3 million which through investments will provide for the improvement as well as the long-term functioning of both St. George School and St. George Academy.

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