The St. Mary School Endowment Foundation is separately incorporated as a non-profit corporation, with its own officers and directors. Established in 1987, the foundation is qualified under 501c3 of the tax code and contributions are tax-deductible as provided by law. Currently, the fund balance is slightly over $3.4 million with a devoted committee working to continue this great success story. Under the direct supervision of the Board of Directors, 3.5% of a three-year average balance is disbursed annually to St. Mary School.
There are three ways to direct your gift to St. Mary School Endowment...
St. Mary School General Endowment Fund
General Fund earnings currently assist our students with tuition assistance and contribute to the operational budget needs and other special projects at the discretion of the board. There is no specific amount required to donate.
St. Mary School Stained Glass Society
Members of the Stained Glass Society are permanently honored with their name on a stained-glass window installed in the school lobby. These benefactors have donated a minimum gift of $2,500 over 5 years or through a bequest or planned gift valued at a minimum of $10,000.
Endowed Funds Endowed Fund Listing
Individuals have established named funds, their name is displayed on the Stained Glass Window and the individuals determine the purpose of their fund. Many have earmark tuition assistance, we have one for professional development, athletics and teacher's salaries. The parameters for an Endowed fund is to donate a total of $10,000 over a maximum of three years. These funds can be continuously added on to over the course of time. An annual accounting is given to the donor each spring.