Page 17 - CJA_AR18-19_092519_FINAL
P. 17

Establishing an Endowed Scholarship is a

              significant way to fulfill an immediate and

              future need by providing financial aid to Cor Jesu

              Academy students. There are three levels

              of Endowed Scholarships at Cor Jesu:






          1   PARTIALLY ENDOWED
              SCHOLARSHIP

               •  Established with a
                contribution or pledge
                of $20,000               How Are                     Benefits of
               •  This scholarship       Scholarships                Endowed
                allows Cor Jesu to       Started &                   Scholarships
                offer partial-tuition
                remission annually.      Completed?                  An Endowed Scholarship
                                                                     provides a personal and
               •  5% of the Endowed      Endowed Scholarships        permanent way for you to
                Scholarship balance is   can be made with a          make a difference in the
                awarded annually to      single gift, or they may    life of a student and her
                one student.             begin with a seed gift of   family. Your investment
                                         $5,000 or more, and an      ensures that you will
          2   SEMI-ENDOWED               agreement to complete       personally provide a
              SCHOLARSHIP
                                         the endowment over time.
               •  Established with a     Endowed Scholarships        Cor Jesu education for a
                                                                     deserving student and
                contribution or pledge   may be completed            future students.
                of $150,000              through recurring giving,   While each Endowed
               •  This scholarship allows   or through a will bequest   Scholarship is tracked
                Cor Jesu to offer        or other estate-plan        individually, all Cor Jesu
                half-tuition remission   provisions.                 Endowment funds are
                annually to one          Gifts may be in the form    invested together, to
                student.                 of cash, appreciated        realize the benefits of a
          3   FULLY ENDOWED              securities, property or     larger investment pool.
                                         through a Donor
                                                                     The assets are invested
              STUDENT
              SCHOLARSHIP                Advised Fund.               in a fully-diversified
                                         *All gifts to the Endowment Fund   portfolio and are part of
               •  Established with a     are tax-deductible.         a disciplined investment
                contribution or pledge                               program overseen by
                of $250,000                                          Cor Jesu’s Endowment

               •  This scholarship                                   Committee. Scholarships
                allows Cor Jesu to                                   are provided by the
                offer full-tuition                                   distributions made from
                remission plus fees,                                 the investment portfolio.
                lunch, transportation,                               Scholarship eligibility at
                uniform and                                          Cor Jesu is determined
                extracurricular                                      by a need-based
                activities annually to                               assessment through
                one student.                                         FACTS Management.




                                                                                      corjesu.org  |  15
   12   13   14   15   16   17   18   19   20   21   22