Epiphany School Endowment
"If the children of the parish are to receive a superior, God-centered education, we must be supportive of an endowment strategy." Fr. Eric, 2002
What is the School Endowment?
The endowment is a pillar of our funding for K-12 Catholic education. It is relatively new (2002) but a critical means of showing stewardship to the generations of parents, benefactors, priests and religious sisters, and lay teachers who have given their utmost to guarantee our present families a choice in education - a choice for God-centered education.
Endowment Balance as of June 30th 2015: $978,338.00
The School Endowment is managed by the Diocese in the Elizabeth Ann Seton Educational Advancement Fund (an agglomeration of all school endowments in the Diocese and the diocesan John Lancaster Spalding Scholarship Fund).
Why we need a School Endowment?
There was a time in the not so distant past when it was possible for Catholic schools to offer free education; today that is impossible. An endowment will soften the burden of school expenses by providing another revenue stream besides tuition, fund-raising and the parish subsidy.
The endowment will support student scholarships and aid, teachers's salaries, maintenance, the school's operating fund.
How can you help?
1. Cash Gifts
Cash can be given in any amount at any time. These gifts can be made in memory or honor of anyone, including family or friends.
2. Memorials at the time of death
A family can indicate in the obituary that memorials on behalf of the deceased can be made to the Epiphany School Endowment.
3. Designation in one's Will
In preparing a last Will and Testament, a lump sum gift can be declared and willed to the Epiphany School Endowment.
4. Charitable Gift Annuity
A gift pays you a guaranteed income for life, provides you with an immediate tax deduction, and then goes to work for the Endowment.
5. Insurance Policies
You may purchase a new life insurance policy, in your name, owned by the parish for the benefit of the School Endowment, with tax deductible premiums. The tax-free death benefit would then pass to the Endowment in your memory.
6. Other Means
The Endowment can receive contributions other than cash: real estate, stock certificates, and art work.