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Endowment Programs |
Contact Information
Lancaster Catholic High School
Advancement Office
650 Juliette Avenue
Lancaster, PA 17601
Office 717 509-0313
Fax 717 509-0230
Hours - September - May
7:30 AM - 3:00 PM
Monday - Friday
Hours - June - August
8:30 AM - 2:00 PM
Monday - Friday
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Endowment is a sum of money that produces funds for the betterment of an institution
through the interest and dividends that the principal earns from investment.
The key is that no part of the principal is ever spent--only a portion of interest
income is used to fund programs. The remaining income is reinvested to increase
the value of the endowment fund.
Sound complicated? It’s not, really.
Consider this example: A couple establishes an endowment of $10,000.00
to benefit Lancaster Catholic High School. That money is invested with the Diocese
of Harrisburg (all LCHS endowment funds are managed by the Diocese) and at the end
of the year, 4% is allocated for use by the high school. That means Catholic High
receives $400.00! If, during the course of that year the fund earned 10% the remaining
6%, or $600, would be reinvested in the fund which has now grown to $10,600! Every
year, the principal grows, and thus, so does the allocation to Catholic High.
That’s what makes endowment so wonderful! An endowed gift will last forever, continually
growing, and will make a larger and more significant difference every year for as
long as Catholic High exists. With the magic of compounding interest, the annual
disbursements to LCHS, over time, will far exceed the initial investment.
Endowed gifts can be unrestricted or designated for a number of purposes, including
financial assistance for deserving students. Gifts of $5,000.00 or more can be named
as honor or memorial scholarships and can be designated according to the donor’s
wishes. Gifts of endowment for the benefit of Lancaster Catholic High School will
be managed through the Bishop’s FOCUS (Foundations of Catholic United
In Service)
Program at the Diocese of Harrisburg. For more information on making an endowed
gift, please contact Zane G. Gizzi, Director of Development, Lancaster Catholic
High School at (717) 509-0313 or
email,
or contact the Director of Development, Diocese of Harrisburg at (717) 657-4804,
ext 337.
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