Notre Dame Foundation Board Members

Transcription

1 Notre Dame Foundation Annual Report

2 Dear Family, Friends and Notre Dame Alumni: This past spring I joined Notre Dame as the Notre Dame Foundation Development Director. Prior to my official capacity, my family has been a part of the greater Notre Dame family for the past three years. During that time I have witnessed first-hand how great our school is and now I am proud to use my talents to spread the word about what makes Notre Dame special. Our students consistently score above state and national averages academically. They also develop strong moral character in class as well as through community service activities. This combination of academic excellence and exceptional character speaks volumes for our students and adds greatly to our community vitality. Thanks to the generosity of so many family, friends and alumni, a Notre Dame education is still within reach of many families. However, while still vastly less expensive than Catholic schools in other cities, the most cited reason why families leave Notre Dame is the cost of tuition. That is why the Notre Dame Foundation was established to make Catholic education available and accessible to everyone. Last year the Notre Dame Foundation Board chose to adopt a more aggressive approach to developing Foundation assets. In addition to investing where there is potential for higher rates of return, the Foundation Board hired me as full-time Development Director. I am happy to report that the Foundation grew in assets by over $97,000 this year. This growth enabled the Foundation to provide $89,000 of much-needed support directly to Notre Dame Schools. This school year will be full of both opportunities and challenges, and so I ask you to join us as we continue to make Notre Dame a special place for current and future students. Included in this report is a list of ways you can help support Notre Dame schools through the Notre Dame Foundation. I encourage you to take a look and see if one is right for you. Thank you and God Bless. Val Giannettino Notre Dame Foundation Development Director Notre Dame Foundation Board Members Joe Schilling, President Jim Jennison, Vice President Karen Marino, Secretary John Walz, Treasurer Bill Belger John Bentler Mike Bush Brad Deery Jeff Ebbing Brian Fleming Debbie Lillie John O Neill Val Giannettino, ex-officio Rev. Patrick J. Hilgendorf, ex-officio Deb Trine, ex-officio

3 Condensed Statement of Assets for the Year Ended June 30, 2008 Unrestricted Assets Cash & Equivalents $120,992 Accrued Investment Income $517 Investments, FMV 40,128 Total Unrestricted Assets $161,637 Restricted Assets Cash & Equivalents $147,752 Accrued Investment Income 16,780 Investments, FMV 1,907,301 Cash Value Life Insurance Policies 22,250 Total Restricted Assets $2,094,083 Total Assets $2,255,720 Net Assets Unrestricted Fund $161,637 Restricted Funds General Fund 258,684 Faculty Support Fund 1,420,914 St. Jude Tuition Assistance Fund 234,793 Curriculum Fund 8,599 Capital Improvements Fund 4,032 Fichtenkort Scholarship Fund 66,882 Dehner Scholarship Fund 79,886 Rev Patrick J. Hilgendorf Scholarship Fund 5,802 Betty Hopewell Ertz Scholarship Fund 14,491 Total Net Assets $2,255,720 Combined Statement of Revenue & Expenses for the Year Ended June 30, 2008 Support & Revenue General Endowment $69,450 Faculty Support Fund 108,112 Contributions - St. Jude Tuition Assistance Fund 16,936 Curriculum Fund 181 Capital Improvements Fund 15 Fichtenkort Scholarship Fund 9,008 Dehner Scholarship Fund 13,313 Rev. Patrick J. Hilgendorf Scholarship Fund 2,497 Betty Hopewell Ertz Scholarship Fund 657 Total Support & Revenues $220,168 Expenses Distributions to Burlington Notre Dame $(89,081) General, Administrative Expenses (9,279) Fund Raising Expenses (24,045) Total Expenses $(122,406) Increase in Net Assets $97,762 Net Assets July 1, 2007 $2,157,958 Net Assets June 30, 2008 $2,255,720

4 Making a difference... one student at a time With over $2 million in managed assets, the Notre Dame Foundation supports a variety of functions within Notre Dame. Gifts from generous friends and donors support Notre Dame through the Foundation via teacher salary support, learning and technology needs, and scholarships for students. The largest impact the ND Foundation has had on Notre Dame is in the realm of salary assistance for our teachers and administrators. Since 1997, the Foundation has applied over $540,000 to supplementing salaries of our teachers and administrators. Scholarships have also made Catholic education within reach for a number of Notre Dame students. Scholarships offered through the Foundation help an average of 14 students annually. The St. Jude Tuition Assistance Fund also helps families with tuition assistance in times of need. The Foundation s scholarship monies have funded over 150 scholarships to deserving Notre Dame students and families over the past 11 years totaling more than $47,100. Awards have ranged from $100 to $750. Scholarships 101 While not the only option, giving to existing or creating new scholarships help make a Catholic education affordable for those who may not otherwise be able to choose Notre Dame. There are two basic types of scholarships: endowed and restricted. With an endowed scholarship, gifts to the Foundation are invested and scholarships are then funded by the interest on the endowment. The principal is left intact. Endowed scholarships are self-perpetuating. The number and amount of endowed scholarship awards varies annually depending on earnings. Restricted scholarships are generally smaller sums than endowments. They can be onetime gifts or may allow additional contributions; however, they are not self-perpetuating. Persons interested in contributing to existing funds, establishing new scholarships, creating a memorial fund, or donating to programs or capital projects are encouraged to contact the Notre Dame Foundation Development Director, x385. Foundation Assistance ND Libraries 2% General Support 11% Scholarships 20% Teacher Salary Assistance 67% Student Assistance - Scholarships $17,081 ND Staff Salary Assistance $60,000 ND Libraries $2,000 ND General Operating Budget $10,000 Total Contributions $89,081

5 Foundation Growth since 2001 $2,255,720 $1,365, $1,365,155 $1,455,672 $1,684,549 $1,869,972 $1,954,895 $1,982,083 $2,157,958 $2,255, Foundation Assets Capital, Curriculum, Scholarship Funds 8% St. Jude Tuition Assistance Fund 10% Unrestricted Fund 7% Restricted Fund 12% Faculty Support Fund 63% Funds Faculty Support Fund Supplements faculty salaries. St. Jude Tuition Assistance Fund Assists families experiencing financial difficulties. Capital Improvement Fund Supports facility improvements. Curriculum Fund Keeps courses and course materials up-to-date. Julius T. Dehner Scholarship Fund Directly supports students tuition. Lorene C. Fichtenkort Scholarship Fund Directly supports students tuition. General Fund (Restricted) Supports day-to-day operations. General Fund (Unrestricted) Used for purposes approved by the ND Foundation Board.

6 List of Donors Gold Club ($10,000 or More) Pot O Blue and Gold President s Club ($5,000 to $9,999) Charles and Lorene Fichtenkort Director s Club ($1,000 to $4,999) Rev. Patrick J. Hilgendorf Msgr. John Hyland Knights of Columbus Mary Riley John Ripple Nike Club ($500 to $999) Mary Ann Baker Two Rivers Bank & Trust Friends ($100 to $249) Dennis Grizzle Michael Storck Dennis Beckman Bill Beckman Ben Brinck Bernie Brueck Dr. Michael Bush Dan Cahill Amy Drew Maroun and Karine Elkhoury Tod and Tracy Gerhardt Dr. George and Nelly Gundrum Rebecca Hingst Dale and Odetta Hockett Susan E. Kentner Tom Livengood Jerry Lohmann Dick Lowe Mark Luttenegger Dr. Stephen Massick Margaret Canella Matsch Denny and Sue Moss Frances Oetken Rich Paragas William Patterson John Petersen Carol Reed Kevin Riley Jane Rinker Richard Rump Supporters (Up to $99) Kathryn Baker Bill Cox Roy Ertz Ed Fitzpatrick David Grothe Jeff Heland Andrea Hoffman Barbara Housman Mary and Eversman Howells Sivert Iversen, Jr. Larry and Diana Johnson Dennis and Karen Marino Debra Maurer Cathleen Poliquin Richard and Linda Rehman Edward Senn Memorial SS. John & Paul Office Tod Walker

7 Giving to the Notre Dame Foundation couldn t be easier Gifts may be made in a number of ways. Depending on the specifics of your situation, giving might make financial sense too. Here are some helpful tips to consider when making charitable giving to the Notre Dame Foundation. Annual Gifts It s easy to make one-time or annual gifts to the Notre Dame Foundation. You can simply fill out and return the enclosed envelope with your gift. Or, you can also visit our new website, and give online. It s easy, it s safe, and just takes a few clicks. Planned Giving Including Notre Dame in your planned giving is also an excellent way to help keep Catholic education alive and well in our community. Gifts of cash are the most popular types of charitable gifts and are fully deductible. However, gifts can take the form of a variety of other assets, including stocks and securities, real estate, insurance, life income, and personal property. Each type of gift has different requirements and benefits for the donor. For more information, contact the Notre Dame Foundation Development Director at x385. Notre Dame Memorials & Bequests Pat Boyle Memorial Dorothy Thele Brown Memorial John Brueck Memorial Betty Bruegger Memorial William M. Cox Memorial Louis Dehner Memorial Louis Dehner Revocable Trust 10, John Midge Delaney Memorial Alberta Gall Memorial Carol Mark Memorial Doris McCann Memorial 1, Eileen McClain Memorial Ronald Schemmel Memorial Peter Schilling Memorial Edward Senn Memorial David Steinle Estate 20, Bernard Swords Estate 22, Harriet Thomes Estate 2, Jack Voelker Memorial John Welch Memorial Zaiser Memorial Remembering a Loved One Memorializing a loved one with a gift to the Notre Dame Foundation will mean that Catholic education in the Burlington area remains strong and vibrant. Memorials can be created for specific purposes or can simply support the Notre Dame Foundation. Contact the Notre Dame Foundation Development Director, x385, for more information on how you can establish a memorial to the Notre Dame Foundation. The preceding is for informational purposes only. Please contact your financial advisor for more information.

8 Notre Dame Foundation 702 South Roosevelt Ave. Burlington, IA POSTAGE PERMIT 847 BURLINGTON IOWA A Quick Read Attendance at Notre Dame this year is 388 Textbooks for class of 20 students costs $1509 Avg. salary of a Notre Dame teacher is $28,981 Notre Dame s annual budget is over $1.7 million Salaries account for 87% of Notre Dame s budget There are over 3,600 Notre Dame alumni The Burlington Notre Dame Foundation is dedicated to providing financial support for the Notre Dame Schools by securing gift support from a wide circle of alumni, parents, parishioners, and friends of Notre Dame.