The Endowment Fund, as of June 30, 2017, has a balance of $6.3 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 28% of our 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 began in 2008 and is on target to meet its 10 year goal.
We believe that Cor Jesu is an extraordinary resource to young women, their families and our community. We rely on the generosity and support of parents, alumnae, parents of alumnae, grandparents, faculty and friends to continually advance the spiritual and academic mission of Cor Jesu.