What are nine years worth to a child? Perhaps a lifetime. Support Catholic Education. Support the Holy Family Cathedral School Endowment.
What is an Endowment?
The Endowment is an account which provides the school with an annual income. The principal of the fund remains invested, while the annual earnings are used to meet the current educational needs of the school. The Endowment provides the school with a steady source of income each year.
Why does HFCS need an Endowment?
Tuition alone does not provide the operating income for the school. To meet the operating costs, the school increases tuition and the parents become responsible for major fundraising efforts. An Endowment provides the school with an annual and steady source of income. The Endowment provides an annual income that can be counted on, and allows the school to control future costs.
How much of an endowment do we have now?
As of October, 2010 our Endowment value is over $308,000. The cash value is over $208,000. Why the difference? $100,000 is in donated life insurance policies.
What kind of income are we receiving now?
In October 2007, HFCS received an interest income of $6,000. Last year we received $10,000 in interest income, and this year we will receive $11,000 in interest income. So in just 3 years, our interest income has increased by $5,000! As the endowment grows, the interest income grows each year.
How much do we need?
Having an endowment worth one million dollars would give HFCS an annual interest income of $50,000. That amount alone could upgrade the entire computer lab. A three million dollar endowment would give us $150,000 each year!!
How will the money be used?
For 2006-07 our income ($6,000) was used to purchase new religion workbooks for the entire school. Since then, each year the interest income goes directly into the curriculum. With an Endowment of three million dollars our annual interest income would be $150,000. This income could help HFCS control future costs; meet technology needs; purchase textbooks in all subject areas for the entire school on a regular basis; attract and secure quality teachers; and reduce the need for major fundraising to provide for the operating cost of the school. The most significant reward would be the viability of Holy Family Cathedral School as a place to provide a quality, faith-based education.
How and when did this endowment start?
In 1992, the Sisters of St. Joseph gave a significant gift to HFCS in order to start an endowment. In 2004, HFCS officially opened an account for the express purpose of creating an endowment that would bring in an annual and dependable income. In 2005, the account reached $100,000, and the endowment was officially formed.
Where do we have the Endowment?
The Holy Family Cathedral School Endowment is under the auspices of the Orange Catholic Foundation, a distinct and separate non-profit of the Diocese of Orange.
Who makes the investment decisions?
The Orange Catholic Foundation has a Board of Directors. This Board has invested its accounts with Christian Brothers Investment Services. When HFCS makes a deposit to its Endowment with the Orange Catholic Foundation, the money first goes to our account with Farmers and Merchants Bank. F&M then transfers the deposits to the endowment account at CBIS. HFCS is not the only school with an account in the Orange Catholic Foundation.
How safe is the Orange Catholic Foundation?
The OCF is a separate non-profit with a 501 c 3 status of its own. Money deposited into this foundation is not used for lawsuits. Money deposited into the HFCS Endowment is used for Holy Family Cathedral School.
Why should I give to the Endowment?
Because you care about the future of Catholic education! As Catholics, it’s important to consider Catholic education as the church’s future, and as an institution for which we are responsible. Making a donation to the Endowment is leaving a legacy for the future. HFCS receives a small income right now, but with a large endowment, the income helps secure the viability of this school. Donations are cumulative; they add up both for HFCS and in terms of recognizing the donor at various levels of giving.
How do you make a donation to the Endowment?
Donations can be made in cash in a single payment or on a monthly, quarterly, or yearly basis. Donations can be made through automatic deposit. Donations may be matched by an employer. Donations can be made through stock options, through a funded life insurance policy, through the sale of real estate as the seller or the realtor, through wills, through IRA’s. Donations can be made as a result of estate planning and include Charitable Remainder Trusts. Talking to an estate planner, a lawyer, a realtor, an insurance agent can give you ideas of how to donate to the endowment now, as well as for the future. Call the Development Office (714-538-6012 x360) for information on giving.
Who can make a donation to the Endowment?
Holy Family Cathedral School is a Ministry of Holy Family Cathedral Parish. Our donors include our current and past parents, our alumni, our parishioners, and businesses in the community. Many businesses match the donations that their employees make.
How are donors recognized for their donations?
All donations are cumulative which means each donation adds up. Donors can move up the Levels of Giving Opportunities. All donors above $1,000 are recognized on a Donors’ Plaque in the school office. Donations of $5,000 and above are recognized on the brick donor wall by the flagpole. Donations can be corporate as well as personal.
What can I do now?
Decide that you want to be a part of Holy Family Cathedral School’s future; that you want to secure a future for HFCS. Consider the donation choices and how you can help. Every donation helps HFCS remain a school that seeks to provide a Catholic education. Then, give until you feel good!
Holy Family Cathedral School
~Securing the Future of Catholic Education~
Contact the Development Office for more information
or to discuss a donation to the endowment.