Endowed Gifts
Endowed Gifts
Gifts to the Benedictine College Preparatory and/or Saint Gertrude High School’s endowment are extremely valuable because they are invested in perpetuity, creating a permanent source of funding for ongoing priorities, such as faculty and staff professional development, scholarships, and facilities maintenance.
A portion of the annual income from the investment is used to address immediate needs and the remaining funds are reinvested to ensure indefinite support. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits, creating long-term financial sustainability.
Benedictine College Preparatory and Saint Gertrude High School have a collection of 83 scholarship funds that make up the endowment. As of June 30, 2021, these endowed scholarships were valued at $14.2 million.
An example of how it works:
Longtime supporters Kathy and Mike have two goals: First, they want to make sure their alma mater continues to receive support after they're gone. Second, they want to memorialize Kathy's parents, Mr. and Mrs. Smith.
Kathy and Mike make a $100,000 donation to their alma mater, which the school invests, and each year, a portion of the income from the invested money will be used to support our mission in honor of the Smiths. Plus, Kathy and Mike qualify for a federal income tax charitable deduction on their taxes.
Next Steps:
Contact Director of Major GiftsMichelle S. Schroeter at 804.708.9605 or mschroeter@benedictineschools.org.
Seek the advice of your financial or legal advisor.
Legal Tax Information
If you include Benedictine College Preparatory and/or Saint Gertrude High School in your plans, please use the legal name (Benedictine Schools Educational Foundation) and federal tax ID number (45-3960058). Address is: 12829 River Road, Richmond, VA 23238
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