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St. John the Evangelist Catholic School Endowment Fund
The Nuts and Bolts of our Endowment Fund.
Catholic schools tend to operate with three kinds of financial instruments. The yearly budget that pays salaries and keeps the lights on. Capital campaigns that allow us to take on bigger things like update technology, maintain the facilities, replace items like milk coolers. And the endowment fund.
This endowment fund works with gifts that are designated beyond the day-to-day operation of our school. Often the endowment fund is used to fund special mission-related work or special areas of the focus, like a special initiative—something beyond the ordinary.
The key is that each year, only a little of the endowment fund is used, so the remainder is left to grow. And over time, as gifts are made to it and the principal grows, the endowment fund becomes a substantial way for us to expand our mission in the world.