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Endowment Fund Exceeds 10-year, $7 Million Target

In 2008, Cor Jesu’s Endowment financial aid budget of $1.1 million. is to fund significantly more scholar-
Committee set an objective of This means that an all-time high of 28 ships, thus increasing overall acces-
substantially growing the school’s percent of CJ families are now receiv- sibility for families of capable young
endowment fund. Then overseeing ing financial aid. This compares to a women who would otherwise be
a $1.9 million portfolio, the commit- total financial aid budget of $215,000 deprived the benefit of an exceptional
tee, in concert with school leader- and 23 percent of families in 2003. Cor Jesu education.
ship, set an ambitious 10-year goal of Looking ahead, growth of the CJ For more information about how
$7 million. Specifically, the objective endowment and the overall financial CJ is working to change the lives of
was to raise school financial aid offer- aid budget remains, by necessity, a top young women through scholarship,
ings to an unprecedented high; a key priority to the school’s continued suc- contact Katie Thiemann at
strategy to ensuring the long-term cess. A priority of our Strategic Plan kthiemann@corjesu.org.
stability and growth of Cor Jesu.
While the economic downturn Cor Jesu Endowment Fund Growth
from 2008-2012 posed some signifi- Cor Jesu Endowment Fund Growth
cant challenges, the exceptional com- $9,000,000
munity of alumnae, parents (both $8,000,000 $7,637,409
current and former) and friends of $7,000,000
Cor Jesu continued to support the $6,000,000 $3,140,034
school and its missions. In the Fall $5,000,000
of 2013, school leadership hosted $4,000,000
a series of information sessions in $3,000,000 $2,530,294
the CJ library, outlining plans for $2,000,000
significant capital improvements and $1,000,000 $1,967,081 $1,967,081
endowment growth, contingent on $0
support from the school community. 2009 2018
As the One Heart ~ One Spirit ~ One Beginning Value Contributions Growth
Vision Campaign rolled out, support
rallied, momentum grew and the rest
is an amazing and significant piece of Starting and Completing an Endowed Scholarship
Cor Jesu history. Establishing a Named Scholarship is a significant way to fulfill an immediate and future
As a vital part of that history, En- need for providing financial aid to Cor Jesu Academy students. There are three levels of
dowment Fund goals were not only endowed scholarships at Cor Jesu Academy:
met, but exceeded. At the June 30 1. Partially Endowed Scholarship
th
fiscal year close, the Cor Jesu Endow- • Established with a contribution of $20,000.
ment totals $7.6 million; almost 10 • Allows Cor Jesu to offer partial-tuition remission annually.
percent over our initial goal. (See • 5% of the scholarship balance is awarded to a student annually.
chart on right.) 2. Semi-Endowed Scholarship
In a climate trending away from • Established with a contribution of $150,000.
• Allows Cor Jesu to offer half-tuition remission annually to one student.
Catholic school enrollment, the
amount of financial aid available to 3. Fully Endowed Student Scholarship
• Established with a contribution of $250,000.
prospective families plays a larger • Allows Cor Jesu to offer full-tuition remission plus fees, lunch, transportation,
role in their education choice than uniform and extracurricular activities annually to one student.
ever before. For the 2018-2019 Endowment gifts may be made in the form of cash, appreciated securities, property or
school year, through the endowment through a Donor Advised Fund. All gifts to the Endowment Fund are tax-deductible.
and other sources, we have a total

SPIRIT • SUMMER 2017-18 27