Faith. Family. Future.
For the first time in its 90-year history, St. Michael’s School is embarking on a Capital Campaign to grow their existing endowment fund.
The values and morals that come from the Christian education taught in St. Michael’s School are as relevant today as ever. Today’s society needs well-educated leaders rooted in the principles taught and lived in Catholic education. Children immersed in an environment of “God Consciousness” and Daily prayer become world changers for the good of all humankind.
After conducting in-depth ten year financial projections, it is clear that tuition and parish support alone will not be able to fill the need to ensure that our teachers, students, and parents can thrive. With price inflation in health insurance, wages, curriculum development, and other costs, we must grow our endowment to provide a more robust revenue stream.
Our plan calls for increasing the current endowment of $289,000 by $3,000,000 over the next five years. If conservatively invested with an average 6% return, the endowment will generate $180,000 annually to supplement the school’s budget while capping the parish subsidies and alleviating some of the fundraising burden. Through the generous and prayerful financial support of many – and the extraordinary support of a few – we believe we will succeed in our task. St. Michael’s School can thrive, and benefit children and their families well into the future. Prayerfully consider joining us in this special effort.
Ways to Give
Pledges to the St. Michael’s School Faith Family Future Endowment, can be made spanning from 12-60 months. These promises can be paid monthly or quarterly with reminders sent at your requested interval. Pledges can be paid using a check, credit card, direct debit or cash. Online Giving is also available for one-time gifts and recurring gifts at the intervals you choose directly from your bank account. Click the "Donate Now" button to gift online.
IRA, Stocks & Bonds
IRA, Stocks and Bonds are a fantastic way to donate. By making a gift of appreciated securities, you may avoid paying capital gains tax. If you are over 70 ½ years old, you may also be eligible to make a Qualified Charitable Distribution, or QCD gift, from your IRA assets of up to $100,000 per year with no tax complications. These types of gifts must be transferred directly and count towards your minimum required distribution.
Gifts of grain, soybeans, farm equipment, and real estate are welcome and provide farmers specific tax advantages.
Wills & Bequests
Providing for St. Michael’s School in your will can have significant
federal and estate tax advantages.
For additional information please contact Tina
Penner (Development Director) at 218-902-0611.
Honorariums or Memorial
Gifts can be made in honor or memory of a loved one. Named burses will be held within the endowment and may continue to receive contributions in memory.
One-time gifts can be made using check, credit card, direct debit, or cash. Always consult your tax advisor for possible tax benefits.
Thank you for taking the time to pray and consider a gift to our Campaign. If you are unable to support us at this time, we would greatly appreciate your prayers for the success of our Campaign and forthe continued ministry of St. Michael’s School to our students, their families and the Mahnomen Community.