Conception Living the Benedictine Tradition Abbey issued the following announcement on June 19

Conception leadership is pleased to announce that we have raised just over $1.6 million of the $2.8 million needed for us to receive the $1 million challenge grant from the Mabee Foundation. This leaves $1.2 million to fundraise by January 14 to receive the grant.

In February of this year, Conception announced that the Brothers Living in Unity campaign received a $1 million challenge grant.

The J.E. and L.E. Mabee Foundation awarded Conception the generous grant to aid in its final push to raise funds for the construction of the new seminary residence hall component. To receive the grant, Conception was tasked with raising the remaining $2.8 million within a year, by January 14, 2021. If this challenge is met, Conception will have raised sufficient funds 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, Conception has secured more than $11 million in gifts and pledges towards our Brothers Living in Unity campaign.

As part of a three-year effort, Conception is working to secure $10 million toward the new residence hall to house all seminarians under one roof, which will further strengthen Conception’s formation program. The remaining $4.5 million will build up the Monastic Retirement Endowment to ensure that Conception continues to meet the needs of our retired monks who have devoted their lives in service to the Lord.

“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 Mr. 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 organizations of a general charitable nature.

Original source can be found here.

Source: Conception Living the Benedictine Tradition Abbey