A guiding principle of good stewardship of
our 154 year old school is financial stability. The future of St.
Mary’s Academy is supported through our growing endowment and is the
key to the innovation and flexibility that the next century will
require of schools like St. Mary’s Academy.
Endowment is invested donations from which
the school draws each year, at a rate designed to preserve capital and
to supplement the operating income provided by tuition and gifts to
The income provided by the general endowment provides:
- Tuition assistance for qualified students
- Academic programs and co-curricular activities that support the school’s teaching, culture and service
- Support to attract and retain outstanding faculty
- Support for the maintenance and renewal of our historic facility
- Financial stability in changing times and flexibility to respond to new opportunities
short, a strong endowment equals choices for the future. Today, St.
Mary’s endowment funds total more than $9.5 million – lower than many
comparable schools. To ensure the future economic vitality of St.
Mary’s Academy, one of our top priorities is to increase our endowment.
Named Endowment Funds
The St. Mary’s
Academy Endowment is comprised of numerous named endowment funds, many
of which are established to honor family members, alumnae, teachers and
friends. A named endowment may also benefit a specific area of
interest, such as athletics, performing arts, or a department.
A minimum $10,000 gift is required to
start a named endowment fund. Smaller gifts are of course welcomed and
will be added to an appropriate previously established endowment fund.
If you are
interested in establishing an endowment fund or contributing to an
existing fund, please contact Ronecca Norvell, Director of Annual Giving, at
503.721.7720 or by email at: email@example.com.
Endowed Scholarship Funds
are established with a minimum gift of $10,000 and become part of St.
Mary's endowment portfolio. Endowed scholarships exist in perpetuity
with only a portion of the interest earned on the principal of the fund
is used to provide scholarships and tuition assistance.
Once the minimum gift of $10,000 is
invested for a year, the fund becomes eligible to make a scholarship
award. Donors may continue to contribute to their endowed scholarship
after it is created, thereby building a larger pool of aid and
increasing the scholarship's impact. Tuition at St. Mary's for the
2013-2014 academic year is $11,900, so the larger the endowed
scholarship fund, the greater the benefit in aid to our students.