The St. Mary’s Springs Academy Foundation
St. Mary’s Springs Academy Foundation has the fiduciary responsibility for managing the school’s endowment. With more than 60 individual named funds totaling nearly $6 million in assets, the Foundation Board of Directors and partnering investors, are tasked with careful and ethical stewardship of these funds.
Endowed funds, which provide some of the most effective and far-reaching gifts, are those given to establish an endowment. These funds play a critical role in the financial stability of SMSA. After an initial gift is made, an endowment provides annual income earnings generated by investment of the principal. To maximize its value, all gifts are invested together in professionally managed investment funds. Income generated by investment of the principal is used to provide tuition assistance, faculty and staff development, and operations, while the fund principal remains to provide support in perpetuity.