Endowments

Endowed funds provide the security of knowing that there will be a predictable stream of income to assist with funding things such as scholarships or equipment upgrades and replacement.

Endowment earnings nationally were running at the five to ten percent rate over ten year periods.  Example: A donor wants to provide a $1,000 scholarship for a student annually.  To assure interest income of $1,000, the donor would need to fund the endowment at between $10,000 (10% rate of interest) and $20,000 (5% rate of interest).  Endowments can be created by an individual or groups of individuals (such as members of a family or class) and funded by annual gifts, one time gifts, or planned gifts.  

The following named funds are in the process of moving toward full endowments and may be added to by donors at any time.

The Academic Scholarship Fund

The Benedictine Grant Fund

The David Vassalotti Scholarship

The Doris M. F. Jones Wilson ’48 Scholarship

The Michael Ryan Fitzpatrick Scholarship

The Saint Benedict Scholarship Fund 

The St. Elizabeth High School Alumni Association Scholarship Fund

The Sister Mary Ellen Scholarship Fund

For additional information or to make a donation, please contact Kathleen Houghton at 302.656.3369, ext. 3036, or by e-mail at khoughton@viking.pvt.k12.de.us.