Education Endowment Fund
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Our first annual BLAST (Building Lifelong Achievement for Students and Teachers) Comedy Night was held Saturday, October 2, 2010. Over 200 guests enjoyed great food and comedy while raising nearly $11,000 for our Endowment. Our second annual BLAST is November 5, 2011. Check out the web site stagnesblast.com!
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Summary
The St. Agnes Education Endowment Fund is an ongoing, parish-wide program to secure and protect quality Catholic education at St. Agnes Parish over the long term. The Fund was formally launched in 2008 with an initial capital campaign goal of $1.5M dollars. Through the hard work of our many dedicated volunteers and the grace of the Holy Spirit, we have now reached this initial goal! As of July 1, 2011, we have $1,330,000 on deposit. Generous contributors have included nine corporate matching gift programs: The AETNA Foundation; Cephalon, Inc.; GlaxoSmithKline Foundation; The H. J. Heinz Foundation; The Merrill Lynch and Company Foundation; The Pfizer Matching GIfts Program Foundation, The Vanguard Group Foundation; The Verizon Foundation; and The Wyeth Matching Gifts Plan.
The Fund Bylaws stipulate that once $1M is on deposit, a portion of the earnings on that investment can be used for the following, and ONLY the following:
- Teacher incentives and bonuses tied to performance
- Curriculum improvement and new program development
- Tuition assistance
A Board of Directors is in place to manage and grow the Fund. A School Advisory Council is creating a Strategic Plan for St. Agnes School. An inaugural, Annual Event was held October 2, 2010 and raised almost $11,000 for the Endowment. Called BLAST, for Building Lasting Achievement for Students and Teachers, this was a festive Comedy Night where over 200 guests enjoyed food, comedy and friends. Fund allocations totalling $10,000 were made in recognition of two outstanding teachers, to fund a new FAME math program, and to provide tuition assistance to several needy students. The next BLAST is planned for November 5, 2011. Much has been accomplished but much remains!
More detail is available via the links at the top of the page. For more information, please contact Maureen Snook at the rectory, 610-692-2990 or edfund@saintagnesparish.org. Thank you!
Initial Capital Campaign
Progress Report
July 1, 2011
Number of Donors Projected…………………785
Minimum Initial Campaign Goal……………$1,500,000
Number of Contacts Made…………………….345
Number of Donors…………………………………331
$ Amount Pledged………………………………..$1,543,185
Average Amount of Pledge…………………..$4,662
% of Goal Attained……………………………….103%
$ Received as of July 1, 2011……………..$1,330,000
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