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What is an endowment fund?
An endowment fund is a fund comprised of gifts (cash, stock, etc.) that when invested provide income in support of a designated purpose ... forever! Only the investment earnings from an endowment fund are used. The fund's principal asset base (the total of all contributions) remains intact and grows through sound investment and additional gifts. Contributions to an endowment fund are truly gifts that keep on giving.
The St. Croix Catholic School Endowment Fund
Established in 2000, the SCCS Endowment Fund helps ensure that Catholic education in the St. Croix Valley not only survives - but thrives. Specifically, its goal is to create a perpetual source of income to help keep SCCS financially sound. Because an endowment fund offers a permanent source of income, it¹s a smart, fiscally responsible funding strategy.
A Balanced, Long-Term Investment ApproachThe school's Board of Directors governs the SCCS Endowment Fund. The Fund's principal balance is managed by investment professionals at the Catholic Community Foundation (CCF) under the supervision of the Archdiocese of St. Paul and Minneapolis.
The Board of Directors has complete jurisdiction regarding the Endowment and controls the final disposition of all endowment assets. Their goal is to preserve capital and generate steady income and long-term growth. With careful investing and annual gifts, the principal of the SCCS Endowment Fund will grow year after year.
What is an endowment fund? You can give in a variety of ways Mark your contribution with a Legacy Paver 2008-2009 Endowment Fund Financial Statements
