The Endowment Fund, as of June 30, 2013, has a balance of $3.9 million. The Endowment Fund principal is invested in a balanced portfolio which adheres to the parameters of the Investment Policy Statement of Cor Jesu Academy. The Principal is never spent, but the income from these investments, limited to 5% of the fund balance, is used for financial aid each year. Financial assistance was given to 1 in 5 families. Our goal is to provide a greater dollar amount of financial assistance to a greater number of girls who qualify academically each year.
The ten-year plan to increase the Endowment Fund from $2.0M to $7.0M was prepared and is followed by the Endowment Committee of the Advisory Board.