|St. Francis High School Endowment|
St. Francis High School is one of the finest Catholic schools in the Chicago area. Nevertheless, we must continually evolve to meet the challenges and opportunities of educating students.
One of the most significant challenges for Catholic schools today is affordability. According to studies by the National Catholic Education Association the cost of education has increased significantly more that family incomes over the past 34 years. In 1980, the national median income for a family was $21,265 and the cost to educate two children in a Catholic grade school and one child in Catholic high school amounted to $1,470 or 6.9% of the family income. In 1993, the national median income for a family was $41,000 and the cost to educate two children in a Catholic grade school and one child in a Catholic high school amounted to $4,811 or 11.6% of the family income. Today, the median family income in DuPage County is $78,538 and the cost to send two children to an area Catholic grade school and one child to St. Francis High School totals approximately $19,000 or 24% of the family income. If that family has two children in St. Francis High School and one child in a parochial grade school, the total would be nearly $26,000 or 33% of the family’s income.
To ensure that a St. Francis High School education is not only as relevant and as stimulating in the future as it is today, but also accessible for all Catholic families, we must build a financial endowment for the future. An endowment is a pool of money that, prudently invested, will generate dividends year after year to fund St. Francis High School's outstanding programs. There is no other way.
Endowment is the one area where St. Francis High School does match the lofty ambitions we have for our students and our school. St. Francis High School’s current endowment of $1.2 million ranks as one of the lowest in value among the best Catholic schools nationally as well as among regional competitor schools. That means that we rely more on tuition dollars than we should, making it difficult to plan for the future.
How Much and How Often Should I Give?
We are counting on you and every friend of St. Francis High School to make a gift every year. Every gift - from $10 to $10,000 or more– helps the endowment. It is the collective effort of the entire St. Francis High School community that will allow the endowment to grow. For families who are able, we encourage your consideration of a “Named” Endowment Fund. A named endowment requires a commitment of $100,000 payable over 5 years. Please contact the Development Office for more information.
What Will the School Do with My Gifts?
St. Francis High School’s top strategic funding priorities are:
Office of Institutional Advancement
Mr. Tom Bednar
Director of Development
Mrs. Maureen Isphording
Director of Admissions
Mrs. Megan Jamen
Asst. to the President
Alumni & Public relations
Mr. Greg Purnell
Director St. Francis Fund
Mr. James Quinn
Development Information Manager
Mrs. Debbie Quirk
Coordinator of Special Events and Parents' Org
Mrs. Beth Erazmus '89 Wiborg
Director International Student Program