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.
Endowment Fund Board includes:
- Fr. Thomas Dunavan
- Mr. Phil Froeschl
- Mr. Bob Aitken
- Mr. Marc Morehead
- Mr. Merle Veigel
- Mrs. Renee Kopf
Please contact Fr. Thomas Dunavan (fr.thomas-dunavan@cdolinc.net or Renee Kopf (renee-kopf@cdolinc.net) for information.
2016-17 Annual Report for Endowment Fund
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SACRED HEART HIGH SCHOOL ENDOWMENT FUND |
|
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SUMMARY April 30, 2017 |
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| 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 |
