St. Mary Catholic Schools (SMCS) is blessed to have dozens of endowed funds that continue to benefit our school community in specific ways. Once an endowment account reaches a value of $10,000, an endowed scholarship or fund is created, and up to 5% of the total value of the account may be withdrawn on an annual basis.
St. Mary Catholic Schools invites interested donors to contribute to one of the endowed accounts listed below, or to explore setting up a new fund. A new account of at least $10,000 will begin benefitting the system immediately, but we also welcome the establishment of new accounts that will be added to over time to eventually become endowed. Please consider participating in an existing account or creating a new fund for an area of Catholic education that is dear to you.
F.A.T.E. ENDOWED FUNDS
Collectively known by the acronym F.A.T.E. (Fine arts, Athletics/activities, Technology, Emerging educators), these endowed accounts will provide future funding for initiatives in those four areas that are not covered by the system’s budget. They are also a way for SMCS supporters to direct their donations to an area in which they are particularly interested.
- The fine arts fund was created to assist with costs for special projects or needs relevant to SMCS fine arts programming and the Jane Bergstrom Fine Arts Education Center.
- The athletic/activities fund was created from the TCCES athletic fund, which was established in 2011 as a means of supporting special athletic department needs or projects that are not covered in the system’s or the SMCS Booster Club’s annual budget.
- The technology fund was created to supplement funding for technology upgrades, system maintenance and equipment needs that are not covered by the system’s annual budget.
- The emerging educators fund was created to supplement the income of beginning educators (defined as being in their second through sixth year of teaching) in the form of a bonus. The emerging educators fund was created to supplement the income of beginning educators (in their second through sixth year of teaching) in the form of a bonus for choosing to teach in a Catholic school. Qualified teachers can apply on an annual basis.
The general policy for the investment of the endowment funds is directed at preserving the principal of the fund, and secondarily at securing reasonable income and capital appreciation. Once the funds reach $10,000 in value and have existed for at least one year, distributions from the funds will be made in accordance with the SMCS endowment fund board’s policy of at least 5% of the principal each year. Distribution of the interest earned on each fund will be determined by a group of SMCS personnel familiar with the particular initiative.
The funds are invested by several fund management organizations, and donations can be made to any of these accounts at any time, as described in the giving gifts brochure.
The SMCS endowed accounts include:
Helen Asmuth Scholarship
Harold Bachman Scholarship
Bergstrom Family Scholarship
D.W. Bergstrom Scholarship
Ruth Stowe Boehmlein Scholarship
Francis Brehm Memorial Scholarship
Cayen Family Scholarship
Barb Ciske Scholarship
Mary Fink-Atchison Scholarship
Forward Future Tuition Fund
Harold L. Gage Memorial Scholarship
Carolyn A Hanlon Memorial Scholarship
Healy Family Educational Fund
David Hussey Memorial Scholarship
Tim Garvey Family Scholarship
Gunner Johnson Scholarship
Kampo Memorial Scholarship
Leonard and Marie Kellett Memorial Scholarship
Kolosso Memorial Scholarship
S.V. Krupa College Scholarship
Michael Marshall Memorial Scholarship
McClone Family Scholarship
Chris Meier Memorial Scholarship
Raymond and Marie Miller Scholarship
Mary Beth Neinhaus Scholarship
Jean O’Connell Scholarship
Cameron Paul Scholarship
Erna Schierl Scholarship
SMC Teacher Endowment
SMC Technology Endowment
Michael A. Sommerholder Scholarship
Dan Spalding Education Foundation Scholarship
Joseph Steidl Scholarship
TCCES Endowment within the Community Foundation for the Fox Valley Region
Carl J. Voissem Memorial Scholarship
Theresa Weber Memorial Scholarship
Weiss Family Scholarship
Brandon Willems Memorial Scholarship
Ethel L. Zeininger Scholarship
Leone Zettel Memorial Scholarship
Jean Zuleger Scholarship
If you have any questions or would like to discuss further giving opportunities, please contact the SMCS Director of Development at 920.722.7796 ext 201.