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.

The Endowment Funds

The SMSA Foundation manages three important endowment funds on behalf of St. Mary’s Springs Academy, including:

Tuition Assistance
Our efforts to provide financial aid to families who otherwise might not be able to afford a Catholic-enriched education are supported through tuition assistance endowment funds. An average of $300,000 is distributed annually to families needing support, making an education at SMSA accessible for all.

Professional Development
The ongoing growth and development of our faculty and staff is supported through professional development endowment funds. These funds help support the annual expenses for teachers to attend workshops/conferences, take part in continuing education, and develop specialized skills.

System Operations
The annual operations of SMSA are supported by system operations endowment funds, by bridging the gap in tuition/fees received and the actual cost to operate the System. This fund is essential in that it supports the financial stability of the institution, without having to rely solely on tuition from our families.

 

Although establishing your fund without restrictions allows SMSA the greatest flexibility, you may also direct your gift/fund towards a specific department/area within the school.

Invest Today. Inspire Tomorrow.

How to Establish a Named Endowment Fund
With a minimum $15,000 contribution, you can establish a “named fund”, meaning that this fund will be recognized in perpetuity and acknowledged annually as part of the Foundation’s annual report. Named funds may also be made in pledge installments, over a three year period, to get to the $15,000 level.

 

Funding an Existing Endowment

Any gift you make to SMSA can be directed towards one of the existing endowment funds.  You can contribute any amount to an existing endowment. 

 

Anyone wishing to learn more about giving to the Foundation should contact Katie Tank, Chief Development Officer at 920-322-8011 or at ktank@smsacademy.org.

Board of Directors

  • Dean Zakos ’72
  • Tim Ahern ’85
  • John Huck ’75
  • Pat Ellestad ’00
  • Bonnie Schmitz
  • Neal Nett ’77
  • John Welsch ’84
  • Doug Shireman
  • Lynne Johnson
  • Kevin Baker ’94
  • Fr. Gary Wegner*
  • CJ Smith*
  • Kelly Norton

*Attended FACES for grade school

Mail gifts to:
St. Mary’s Springs Academy
Attn: Office of Advancement
255 County Road K
Fond du Lac, WI 54935