The purpose of the Endowment is to enhance the long-term sustainability of St. Patrick Catholic School and to provide for the education of its students at the lowest possible cost.
Quick Facts About the Endowment:
Chartered in 1990 with a goal of $1,000,000
Current principal value approximately $1,300,000
Financial management of Endowment adheres to Archdiocesan and Fulcrum investment strategies.
St. Patrick School draws 4% return on investment for tuition assistance (approximately $50,000 annually)
St. Patrick School contributes 30% of annual giving revenue to Endowment
3 - 5 year Endowment Goal is $2,000,000
Endowment vs. Annual Fund
An endowment fund is a perpetual fund from which only the earnings are distributed. The principle monies and assets contributed to St. Patrick School Endowment Fund are not spent, but accumulated and invested. The Endowment Fund has one objective: earn income that can be distributed to students in need of tuition assistance. 100% of your contribution goes directly to the Endowment Fund.
The Endowment Fund was chartered in 1990 with a goal of raising $1,000,000 to support families in need. As requests for tuition assistance have risen, so must the Endowment. St. Patrick Catholic School has a 3 - 5 year goal of raising the Endowment principal to $2,000,000. To reach this goal, we invite you to share our vision for supporting tuition assistance. Please consider making an investment in the future.
The St. Patrick Catholic School Annual Fund is a community-wide giving effort to subsidize income gaps in the school's current yearly budget. The Annual Fund enriches programing, faculty and facility support, and contributes small gifts to help grow the Endowment. Earnings from the Annual Fund fluctuate year to year. The 2017 Annual Fund goal is $175,000, of which, the earnings will be distributed as follows:
60% is allocated to the school’s operating expenses
30% is allocated to increase the Endowment (a projected $50,000 earning)
10% is allocated to facility improvements
With a goal to raise the Endowment from $1,300,000 to $2,000,000 in 3 - 5 years, we need your help! Both the Endowment and the Annual Fund are essential fundraising components in support of St. Patrick Catholic School. Growing gifts to the Endowment now, will help St. Patrick Catholic School be available for generations of future students.
St. Patrick Catholic School is a 501 (c) (3) nonprofit organization, Tax ID #91-1874577
Your gift is tax-deductible to the fullest extent allowed by law.
For more information about the Endowment, please contact
Development Director, Christy Johnson (firstname.lastname@example.org).
St. Patrick Catholic School
1112 N G Street
Tacoma, WA 98403