St. Mary’s School Financial Picture and Outlook – May 2017

St. Mary’s School Financial Picture and Outlook – May 2017

St. Mary’s School Financial Picture and Outlook – May 2017

St. Mary’s School Financial Picture and Outlook – May 2017 School Endowment Background and Information 1. Endowment Fund contributes between $50,000 and $80,000 per year to school budget Endowment Fund earns between $50,000 and $80,000 during an “average” year Life time contributions (gifts) to the fund are approximately $775,000 Life time earnings of the fund are approximately $1,338,000 Life time withdrawals (to fund the school) are approximately $936,000 Only earnings (not principal) may be used to fund the school – so $402,000 plus future earnings left to spend ($1,338,000-$936,000)

St. Mary’s School Financial Picture and Outlook – May 2017 *** Parish cash combined with available funds from the Endowment Fund are approximately $700,000 currently