Education Endowment Fund
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The first annual BLAST (Building Lifelong Achievement for Students and Teachers) event will be held Saturday, October 2, 2010 - Check it out!
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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 June 1, 2010, we also have $1,078,000 on deposit. Generous contributors included eight corporate matching gift programs: The AETNA Foundation; Cephalon, Inc.; GlaxoSmithKline Foundation; The H. J. Heinz Foundation; The Merrill Lynch and Company 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. An inaugural, Annual Event is planned for October 2, 2010, a Comedy Night! A School Advisory Council is creating a Strategic Plan for St. Agnes School. 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
May 25, 2010
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 May 25, 2010……………..$1,050,000
