parish_foundation

The Saint Paul the Apostle Foundation

As of June 30, 2009, the St. Paul the Apostle Foundation had $189,952.59 in investments. Some scholarships did not get paid until early July. The Endowed Scholarships on June 30 amounted to:		We Receive Stocks This Way Give description of stock to be gifted in writing to our Business Manager, Matt Kolar. Our parish account to receive stock is account # 4465-6164, DTC # 0727 at Beyer & Rock Investment LLC, 2322 E. Kimberly Rd., Suite 150N, Davenport, IA 52807. Our contact is Amy Phillips (355-7754). We Share!
Rev. Patrick Hilgendorf - $1,934.10 Rev. Jack Denning - $714.35 Ed Arnould - $581.59 Sister Gen - $10,102.78 Frances Gordon - $418.29 Mary Jo Rauch - $3,949.15 Dorothy Finch - $553.86 Fr. McEleney - $279.18 Price Endowed AHS - $76,356.22 Cecilia Batton Seminary - $10,537.68 St Paul Endowment - $71,243.97 Youth Group Investment - $6,625.41 AHS Scholarships - $899.40	Altar & Rosary Scholarships - $ 1,525.59 Peg Dray - $657.24 Richard Englemann - $676.65 Henry Schaefer Scholarship - $676.65 Organ Endowment - $2,448.02 This past year has been a bad year for investments. At this time last year, our Foundation assets stood at $235,813.47
Monsignor C. J. Donohoe Educational Trust The Monsignor C. J. Donohoe Educational Trust on June 30, 2009, had investments of $114,999.33. This is used for Tuition assistance for St. Paul the Apostle School students who need additional help over what the Embracing Our Future Family Tuition Plan can provide. This year in late June, $3,150.00 in tuition assistance was awarded from the Monsignor Donohoe Trust.
The Stewardship Covenant Scholarships This year 15% of our school families at St. Paul the Apostle School and Assumption High School are utilizing our Stewardship Covenant Scholarships. This means that 50 of our families with 92 students at St. Paul the Apostle School and 24 students at Assumption High School and 3 students at Religious Education are the recipients of these scholarships totaling $205,798.37. If families are currently giving a minimum of 2% of their income to the parish, and they are following the Stewardship Covenant which they signed, they are eligible to move their gift to 5% of income in July and receive 1/2 tuition at SPS and 1/4 tuition at AHS. They would be eligible to move their gift to 8% in July and not pay any tuition at any of our educational ministries including AHS. The gift should be divided by the St. Paul’s Three Way Giving Plan. There is currently a moratorium on grades 7-12, which means that you should get in the program before the moratorium.