Endowments
Since Saint Stanislaus’s founding in 1854, alumni, parents, and friends have generously supported its efforts to provide an unparalleled education for its students. While current-use gifts support the school’s immediate needs, the endowment ensures long-term sustainability.
Saint Stanislaus’ growth from endowment income through investment returns and charitable giving over the years has enabled us to provide scholarships, to build a strong faculty, to support athletics, the arts as well as to support a wide range of important needs.
what is an endowment?
Endowments are cash funds or other financial assets that are donated to Saint Stanislaus and are meant to be invested to grow the principal and provide additional income for future investing and support of the school.
Most endowments have guidelines stating how much of each year’s investment income can be spent. For Saint Stanislaus, this amount is about 5% of the endowment’s total asset value over the preceding five years.
Key takeaways
- An endowment is a fund of money or other asset donated to Saint Stanislaus, which uses the resulting income for a specific purpose.
- Endowment funds are established in perpetuity, meaning that no end-date for the fund is set.
- Endowments are used by Saint Stanislaus to fund all ongoing operations including student tuition assistance.
Saint Stanislaus holds two types of endowments – restricted and unrestricted.
Restricted – Donors can decide to allot an endowment’s income to upgrade/repair facilities, to provide tuition grants, or to create programs and teaching positions that attract world-class educators to prepare young people for the future.
Unrestricted – Assets that can be spent, saved, invested, and distributed to fund the most critical immediate needs of the school in a given year.
endowment funds
For the 2022-23 academic year, there are thirty-two endowments all of which are fully funded. An endowment must have a minimum corpus of $50,000 in order to be fully funded. A tax deduction is available for all gifts made to an endowment.
| Fully Funded Endowment Funds | |
|---|---|
| Alfred S. ’56 & Gail P Lippman Scholarship | Faculty Enhancement Fund |
| Alumni Association Scholarship | Faculty Formation Endowment |
| Brother Bennet Bishop Scholarship | Hugh McCloskey Evans Scholarship |
| Brother Gunter Aucoin Endowed Scholarship | Jack M. Kent, Jr. ’83 Endowed Scholarship |
| Brother Joseph Donovan Endowed Scholarship | James R. Crosslin Endowed Scholarship |
| Brother Lee Barker Endowed Scholarship | John C. Hamilton, Jr. ’92 Endowed Scholarship |
| Brother Leo Godin Endowed Scholarship | Lassere Family Scholarship |
| Brother Mark Thornton Scholarship | Marine Science Endowment |
| Brother Noel Lemmon Scholarship | Melcher Scholarship |
| Brother Romuald Endowed Scholarship | O’Keefe Endowed Scholarship |
| Chris D. Briede Memorial Scholarship | Rite Cue Johnson Endowed Scholarship |
| Class of 1960 Scholarship | Saint Rose De Lima Scholarship |
| Class of 1992 Scholarship | Shannon Family Sacred Heart Scholarship |
| David Glover Memorial Scholarship | STEM Endowment |
| David Treutel, Sr. ’53 & Pennie H. Treutel Family Endowment | W&M McHugh Scholarship |
| Emile J. Babin ’61 Endowed Scholarship | Waters Tuition Aid Fund |
For more information about Saint Stanislaus’s endowment, please contact Joseph Lee at josephlee@ststan.com or (228) 467-9057 x255.