The Endowment Fund, created in 1984, has distributed $3,000,000.00 to the school for annual operational expenses over the last 33 years. All donations to the Endowment Fund are invested and only the earnings can be used for the school’s operation. The fund has been a long term anchor for Sacred Heart and continues to welcome gifts and bequests. The current value of the Endowment Fund is $3,230,990.00 with an annual payment to the operational budget of the school of $144,000.00.
Endowment Fund Board includes:
- Fr. Thomas Dunavan. CAO, Sacred Heart School
- Mr. Phil Froeschl
- Mr. Bob Aitken
- Mr. Marc Morehead
- Mr. Merle Veigel
- Mr. Matt Sells
- Mrs. Renee Kopf
Please contact Fr. Thomas Dunavan (fr.thomas-dunavan@cdolinc.net or Renee Kopf (renee-kopf@cdolinc.net) for information on how you can help us grow our Endowment with legacy gifts.
2016-17 Annual Report for Endowment Fund
|
SACRED HEART HIGH SCHOOL ENDOWMENT FUND |
|
|
SUMMARY April 30, 2017 |
|
| Marketable Securities & Cash | $ 3,205,461 |
| Cash Value – Life insurance policies | $ 21,659 |
| Total Foundation Assets | $ 3,227,120 |
| Less: Total Contributions to Endowment Fund to date | $ 2,760,969 |
| Net Unrestricted Foundation Assets | $ 466,150 |
| Total distributions to Sacred Heart since inception | $ 3,096,308 |
