The Assumption School Foundation Annual Appeal is Assumption’s way of securing our future through our School Foundation and its endowment. An endowment is a fund or group of funds that builds in principal (the corpus or body of initial investment) because that corpus never gets spent. Only the interest on that money is returned to the school to help provide for tuition assistance.
In 2017- 18, the Assumption Catholic School Foundation had a goal of $100,000 but it raised $131,000 for the school through three different categories- endowment, technology and operations, and tuition assistance (formerly Adopt a Student).
This year, we have a goal of $120,000, of which $31,000 has already been pledged or donated.
On the pledge card:
- First, the endowment holds the principal amount in savings and only the interest on that money will provide for future years.
- Second, technology and operations is unrestricted. The money could go for any number of needs at the school this year.
- Third is tuition assistance- you can pay one full year’s tuition, half-year or any other amount you designate.
If you would like to donate, please visit our Donate Now page. If you have any questions about the Annual Appeal or want to learn more, please email the office at firstname.lastname@example.org