UNDERSTANDING 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 answers to common questions that you may have regarding how your donations are used and the impact of giving.
- What is the difference between The Saint Thomas' Fund and Fulfilling the Promise?
- How will my gift be used?
- What is an endowment fund?
- Is my donation tax deductible?
- May I make an anonymous donation?
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 the area you want your funds to benefit, such as for the Fulfilling the Promise capital campaign.
A: Endowment funds are permanent funds typically established by nonprofit organizations that use the earnings to advance the educational mission of the organization. The principal amount of the endowment fund always stays intact, while all or a part of the earnings are utilized by the organization 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.
If you have additional questions about giving to STE, contact our Advancement Office.