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Dan Donnelly
Foundation
Many
people often ask where the money raised at SPAuction actually
ends up. The answer is The Dan Donnelly Education Foundation. The
St. Paul the Apostle Education Foundation was started in 1994,
recognizing that Parochial schools faced a serious reality
that in order to prosper into the future, they must be supported
by the income of a foundation. The assets of such a foundation
must reach levels of 2 times the school’s annual operating
cost to be effective. At St. Paul's this translates to
a balance requirement of $1.9 Million.
In
2002 the name of the Foundation was changed to reflect the
contribution made to Catholic education by Daniel J. Donnelly. For
twenty-three years he dedicated himself to the mission of Catholic
education here at St. Paul the Apostle. Our Foundation
honors Dan’s memory and his love for our school.
The
simple Mission of the Foundation is to help the school continue
to provide a quality Catholic education and to keep the financial
obligations at a level such that any parent who desires to
give their child such an education can afford to do so. Over
the past several years, The Daniel J. Donnelly Education Foundation
has on average made direct investments in our School families
of approximately $30,000 - $35,000 per year in tuition assistance.
The
Purpose of the Foundation
While
fiscal priorities change from year to year, contributions from
the Foundation are generally used to support the following
initiatives:
- Tuition
assistance to St. Paul parish families who wish to send
their children to St. Paul the Apostle School but are unable
to pay the entire cost of tuition.
- Containing
tuition cost for all St. Paul the apostle School students
by assisting the school in meeting its operating expenses.
- Funding
programs designed for continuous Improvement of the faculty
and student body as recommended by the school board.
Where
does the money come from?
Money
comes into the Foundation in these ways:
- Parish
Wide Fund raising events such as SPAuction.
- Donations
from our annual appeal and monetary gifts during the year
- Interest
and dividend income on the Foundation Assets
Additional
information on the Daniel J. Donnelly Education Foundation
is available at the St. Paul Parish office.
A Prayer for Students
By
Dan Donnelly – 1998
Blessed
are you Lord who has created a wide and wonderful world
in
which to learn. We ask your blessings on our students.
We
ask you, Lord, to be their ever near companion and spread the
road
before
them with beauty, adventure and good grades. May the
same
Road
be free of harm and evil. May the Lord keep all students
in his
Care,
fill them with peace, and bless them with wonder and intelligence.
Amen.
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