The Order of the Knights of Saint Mulumba Nigeria (KSM) has announced the establishment of The KSM Endowment Fund.
This priority action, sanctioned by the SUPREME EXECUTIVE BOARD (SEB), marks a historic shift towards the financial sustainability, long-term evangelization, and impactful charity activities of the honoured Order
For decades, the Order has been a pillar of the Catholic Church and society through its commitment to faith, unity, and service. As the scope of these responsibilities grows, the leadership has recognized the need for a prudent, dignified financial model that moves away from ad-hoc levies but geared towards a vision-driven, sustainable future.
The KSM Endowment Fund is designed to serve as a perpetual financial bedrock. By preserving the principal capital and utilizing only the investment returns, the Order ensures it can meet its obligations for generations to come.
“This is not merely a financial initiative; it is an investment in the future stability, independence, and effectiveness of our noble Order,” stated the Supreme Knight,Sir Steve Adehi, a Senior Advocate of Nigeria. “Through this Fund, our service will be driven not by urgency or scarcity, but by vision and preparedness.”
Key Objectives and Benefits
The Fund is structured to achieve several critical goals for the fraternity and the Church:
a. Reduced Member Burden: By providing a dependable income stream, the Fund aims to significantly decrease the frequency of levies on individual members.
b. Enhanced Charitable Impact: Increasing the capacity for large-scale humanitarian, social intervention, and evangelical projects.
c. Legacy Preservation: Creating a lasting monument of sacrifice and foresight that will benefit “generations yet unborn.”
d. Strategic Growth: Enabling long-term planning for training, formation, and welfare initiatives within the Order.
e. Integrity and Ethical Stewardship
In line with the Order’s values, the Fund will be managed with the highest level of transparency.
A dedicated Board of Trustees will oversee professional investments that align strictly with Catholic moral principles.
To ensure the security of these assets, the Order is moving to amend its constitution, creating legal safeguards that prevent the depletion of the capital funds.
Periodic independent audits will be conducted to maintain the sacred trust of the contributors.
The leadership of the Order invites all Worthy Brothers and Sisters to embrace this “Fraternal Call to Participate.”
Through voluntary contributions and pledges, every member has the opportunity to become a co-builder of a lasting legacy.
Further details regarding contribution modalities, implementation timelines, and the formal inauguration of the Fund will be communicated through the Metro and Subcouncil channels.
About the Knights of Saint Mulumba:
The Order of the Knights of Saint Mulumba Nigeria (KSM) was established to promote Catholic action, defend the faith, and provide a fraternal association for Catholic men to practice charity and serve the Church and society.
Media Contact:
Sir Chuddy Oduenyi
Supreme PRO / Editor
The Order of The Knights of Saint Mulumba Nigeria, KSM.
Phone:0802 223 2656
