Understanding the Impact of Giving
Below are clarifications of common questions that you may have regarding how your donations are used and the impact of giving.
Every contribution we receive is appreciated and helps us in our ability to provide students with an exemplary education. Below are clarifications of common questions that you may have regarding how your donations are used and the impact of giving.
Q: Why is the Saint Thomas’ Fund so important?
A: The Saint Thomas’ Fund is the school’s most important fundraiser, and fulfills needs that would not be possible with tuition alone.
Q: How will my gift be used?
A: This depends on if you make a directed or unrestricted gift. Unrestricted gifts allow us to determine the area of greatest need, and reinvest the funds in STE accordingly. If you make a directed gift, you may choose what area you want your funds to benefit, such as the arts, athletics, facilities and grounds, faculty development, or technology.
Q: What is an endowment fund?
A: Endowment funds are permanent funds typically established by non-profit organizations that use its earnings to advance the educational mission of the respective organization. The principal amount of the endowment fund always stays intact, while all or a part of the earnings are utilized by the charity each year. The earnings are used to fund projects or programs designated by the endowment fund. A percentage of the earnings are generally left in the fund to increase the fund principal. As the principal increases, the earnings available for use each year increases.
Q: Does it matter if I can only afford a small donation?
A: Every contribution counts, regardless of the amount. Whatever you feel comfortable gifting, whether it be $1 or $10,000, helps sustain our mission.
Q: Is my donation tax deductible?
A: Yes. We are a 501(c)(3) non-profit organization, and all donations are tax-deductible. Federal E.I.N. # 74-6017007.
Q: May I make a gift online?
A: Yes, you may make a secure online donation using a credit card via our online gift form.
Q: May I make an anonymous donation?
A: Yes. We respect the privacy of our donors and allow donations to be made privately.