Endowment & Scholarships
Endowed funds are the school’s “savings account,” ensuring that the school will prosper in perpetuity. Donors making gifts to these funds specify that their contributions will be invested and that only the interest earnings from their investments will be spent.
Endowed funds support a variety of needs at St. Agnes – St. Dominic, including student financial aid, faculty development and programming.
Endowments are established legally as independent funds, and their financial returns are audited each year. As a result, the School has established policies to help avoid creating funds that incur costs while yielding minimal benefit.
At present, a named endowment fund may be created with a minimum of $25,000. Once this threshold is reached, a portion of the fund’s earnings (approximately 4% - the actual amount is established each year by the school’s Board of Trustees) will be allocated to achieve the fund’s goal.
If you are interested in learning more about St. Agnes Academy – St. Dominic School’s current endowments or about establishing an endowed fund, please contact Chief Development Officer, Holli Kenney at email@example.com or (901) 435-5894.