Endowment

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endowment (en-dou’ment)

To make a grant of money providing for the continuing support or maintenance of a school.

An endowment is a fund held in trust. The principal monies of the St. John School Endowment Fund are invested and kept intact with the goal of generating an annual income. With each investment to the principal, the fund offers a constant source of revenue for future needs. Eventually, net income earned on the principal will help subsidize the school operating budget, provide scholarship assistance, and assist in making capital improvements.

As members of the St. John School community, it is our responsibility to continue the legacy of St. John for generations to come. Donations made to the endowment are preserved and are invested in a professionally managed fund administered by the Fulcrum Foundation, an institution committed to enhancing the financial resources of non-profit Seattle Catholic schools. Contributions are tax-deductible and eligible for matching gifts from many companies.

Current Fund

Through the generosity of school families, parishioners, and the community, our fund today is a little over $1.5 million (October 2021) Our goal is to have annual income for many decades to come.

Please donate what you can to the Endowment Fund. To thank you for your generous donations, we have two incentives:

  • If you are able to donate $250 or more, the Endowment Committee will drop off a thank you bag of goodies at your front door.
  • If you are able to donate $500 or more, we will invite you and your significant other to an in-person celebration of food and drink at Ethan Stowell’s new restaurant, Victor Tavern in South Lake Union at the end of February. (Date will be forthcoming. This in-person event may be rescheduled due to COVID restrictions; thank you for understanding.)

Donations, big and small, make this school as vibrant as it is, thank you!  Your gift will enable St. John to remain a bright and dynamic Catholic school for years to come.

CLICK HERE TO DONATE

Or, if you prefer, gifts can be mailed to:

St. John School Donations, 120 N. 79th Street, Seattle, WA 98103.

St. John Endowment Facts

  • When was the Endowment created? Who manages the Endowment fund?
    • The Endowment was created in 1989 through the efforts of former Principal, Dan Sherman and former Development Director, Diane Larson. The Endowment Fund is managed by Fulcrum Foundation, employing a conservative investing approach.
  • How much is the Endowment worth now?
    • The Endowment is now worth a little over $1.5 million. (October 2021)
  • How much money did the Endowment interest benefit the Operating Budget the past few years?
    • The Endowment distributed $73,500 over the past three years to St. John’s Operating Budget.
  • How much does interest on the Endowment add to the school’s Operating Budget?
    • The Endowment distributed or will distribute the following amounts:
      • 2018/19:  $20,000
      • 2019/20:  $32,000
      • 2020/21:  $21,500
      • 2021/22:  $31,000 (approximate)

Thank you to Allan Quiaoit and Matt Diefenbach for their work in producing and directing the Endowment video. And thank you to the St. John community for your continued and generous support. If you have questions about the Endowment, please contact Jonna Skokan or Karen Gunther Bombino.