By Catholic Philly staff • Posted February 9, 2023

The Papal Foundation has announced the election of three Stewards of St. Peter to its Board of Trustees and one of them is a Philadelphian.

In a Jan. 30 announcement from the foundation, Cosmo DeNicola of Philadelphia was named as a Steward of St. Peter to its Board of Trustees for a three-year term.

Established in 1988, the Chester-based foundation is the only one in the U.S. exclusively dedicated to fulfilling the requests of the Holy Father for the needs of the Church.

In his role, DeNicola will be instrumental in overseeing The Papal Foundation’s grant making and scholarship awards. He has also been elected to serve on the foundation’s Grants Review Committee.

DeNicola, a parishioner of St. John Baptist Vianney Parish in Gladwyne, is the Chairman of Cosmo DeNicola Companies. He grew up in the city’s Port Richmond section where he attended Mother of Divine Grace School followed by Northeast Catholic High School.

Others elected to the Board of Trustees include Paul Hill, Executive Chairman of The Hill Companies from Regina, SK, Canada, and Tim Ristoff, Chairman and CEO at TriVista Business Group from Ladera Ranch, California.

“Our mission is to support projects the Holy See deems most important around the world,” said Dave Savage, Executive Director, “whether it be to educate and prepare leaders or care for the most vulnerable, young and old.”

Eustace Mita, President of the Board of Trustees of The Papal Foundation, said “We are delighted to have Paul, Tim, and Cosmo join our Board of Trustees. Their diverse expertise and rich experiences in business and serving their communities will provide insight on how our organization can best support the poorest of the poor communities around the globe.”

Since its inception in 1988, The Papal Foundation has allocated more than $200 million to more than 2000 projects selected by Popes Francis, Benedict, and Saint John Paul II, as well as scholarships that enable lay and religious leaders to study in Rome.

“As members of the Catholic Church, we are called to love our neighbor, and that means all people, Catholic and non-Catholics, around the globe,” said Savage.

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 To learn more about the new Board of Trustees for the Papal Foundation, visit https://www.thepapalfoundation.org/foundation-board-elects-new-trustees-officers/.