Educational Endowment Fund
What is it and why do I need to support it?
Catholic training of both the young and old is a necessary component in today's ever-changing environment. The Catholic educational environment continues to embrace the traditional values of family, faith and education.
The St. Paul of the Cross Parish Educational Endowment Fund Board began its work in 2000 by championing a fundraising campaign to support affordability and accessibility of Catholic education for future generations of SPC students. One of our founding board members, Maureen McCambridge, expressed her sincere belief that “children need faith, love, and education. Nurturing the spirit of a child is priceless.” It was her great desire that an endowment be established in order to sustain this belief. Thanks to the dedication and generosity of our many benefactors, the Endowment Fund is currently valued at over $1,800,000. We have been able to utilize the earnings on the principal to help offset tuition increases, provide financial assistance to families in need, and also fund the Maureen McCambridge Scholarship to a student entering eighth grade, centered around his or her expression and exemplification of Christian values. High quality, well-‐respected teachers and a strong curriculum are the hallmark of Catholic education. Maintaining a facility large enough to accommodate the needs of over 600 SPC students as well as approximately 1,200 Catechesis students is essential. The only way to protect and preserve our Catholic education in the 21st Century is to ensure that each Parish School is financially sound, through a growing Parish Endowment Fund.
Thanks to the dedication and generosity of our many benefactors, the Endowment Fund currently has over $1,800,000.00. This has allowed the endowment board to allocate $70,000 back to the school's operating budet for the past several years to offset rising expenditures, allowing us to keep tuition increases to a minimum. Additionally, the Endowment has funded need-based tuition scholarships for several families. In addition, the Endowment Fund has supported the mission of our St. Paul of the Cross Parish Youth Group. Over the past three years, the Endowment Fund has provided $8,500 toward the expenses for their service trips.
The St. Paul of the Cross Educational Endowment Fund helps support the overall educational mission of our Parish in the following ways:
- To Keep tuition affordable for all families
- To Maintain and improve educational and religious curriculum for the school children and youth of the Parish and School
- To Provide financial assistance to families in need
- To Provide merit based scholarships based upon their Catholic values for several students each year
To donate directly, please click on the Give to SPC button.