Endowments Legacies
We are grateful to all the benefactors who have and continue to fund these important
legacies for the future!
Tuition Assistance Student Endowments
Endowments fund over half of the approximately $2.5 million in assistance that is
awarded to Saint Ignatius College Prep students each year. Many endowments are created
in memory or honor of a friend, mentor or loved one, however, they are also established
by alumni in the form of class gifts. Student endowments are matched annually with
a student meeting the fund’s interests and criteria and the benefactors are encouraged
to build a connection with the youngster. Throughout the school year, benefactors
receive letters from their sponsored student with updates on the student’s interests
and progress.
Building an endowment today will ensure the future of students tomorrow. Your gift
assists us in continuing our tradition of accepting qualified students regardless
of their family’s ability to pay the full cost of tuition. Even after endowments
reach maturity and are fully funded, please know that gifts may still be made to
the fund to continue to grow the principal and the school highly encourages these
gifts.
Click here
for a list of current student endowments.
Programmatic Endowments
Programmatic endowments help sustain a high level of teaching and learning opportunity
for our students by helping us to fund salaries and further educational opportunities
for our teachers, counselors and academic staff. The interest from these endowments
augments scarce budget dollars to help us increase salaries and benefits for the
teachers without raising tuition for this purpose. Salary, benefits, and professional
development are all important in attracting and retaining excellent teachers. Programmatic
endowments also help maintain and acquire equipment and resources for learning.
Funds are used for library acquisitions, books, periodicals and digital resources
that can be used as references for study. These funds also help keep technology,
computer equipment and software and lab instrumentation up-to-date.
Click here for
a list of current programmatic endowments.
To make a gift to an existing endowment, click here.
To create a new endowment, we request a pledge of $125,000 and an initial gift of
$20,000 or more to the fund. We will coordinate with you on your family’s wishes
for the name of the fund and the designation. We use a steady, modest draw from
these endowments, both in good years and bad years in the markets; these monies
are carefully stewarded, the principal of your gift is protected, and the ups and
downs average out over time.
For information on establishing an endowment, contact:
Tom Ramsden at 312-432-8346 or
tom.ramsden@ignatius.org
Meredith Couling at 312-432-8348 or
tom.ramsden@ignatius.org