What is an endowment?
The Endowment is a fund whose principal is never
spent. Gifts to the St. Vincent de Paul School Endowment are
held in perpetuity and become a permanent investment in Catholic
education at St Vincent’s. The contributions are then invested,
and the income earned provides a source of funds for generations
of students to come.
What is the purpose of the endowment?
The purpose of the endowment is to provide an
annual stream of funds available for tuition assistance to
parish families.
Where do we stand now?
The endowment was established in 2004, and
through the generous contributions from the St. Vincent’s
Community, currently has a value of over $250,000.
Where do we need to be?
The value of the endowment must reach $1,000,000
before the income from the invested funds can be used. Once the
value of the endowment reaches $1,000,000 the fund could provide
approximately $50,000 in tuition assistance on an annual basis,
all while keeping the principal value intact.
How can I give?
The simplest way to give to the endowment is a
direct gift of money, real estate, stocks, or bonds. Another
method is a deferred gift through a will, trust, or life
insurance policy. All donations are tax deductible; please
consult your tax or legal advisor about these and other methods
to give to the Endowment.
Please consider a contribution to the St Vincent
de Paul School Endowment Fund on a monthly or annual basis. Your
desire to leave a legacy for future students will give you the
knowledge that your gift will provide perpetual support for
Catholic education at St. Vincent’s.
