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Endowment The Dominican Campus Endowment is an umbrella management vehicle for over thirty separate endowed funds and scholarships for Overbrook School, St. Cecilia Academy, and Aquinas College which exceeds $5,000,000 in value. The Endowment provides the third source of stable revenue for the schools in addition to tuition and annual giving. With the Endowment, donated funds are permanently invested and only the income from the investment is used. As a donor, you may give to the general endowment fund of the individual school or you may give to an existing specific fund (i.e., the Aquinas Endowed Scholarship Fund, the St. Cecilia Theatre Endowment Fund, or the Overbrook Library Endowment Fund). These permanently invested funds are pooled in a single unitized fund under guidelines established by the National Association of College and University Business Officers. This pooling arrangement consolidates investments in one portfolio, which provides a uniform and disciplined approach to investing. At the same time, it creates a larger asset base, allowing for greater diversification than could be realized by any single fund. Pooling individual funds for investment purposes has many benefits. It provides investment management efficiencies and reduces investment costs, while retaining detailed information about each fund within the pool. Endowment funds are permanently invested in fixed income and equity securities with safety of principal as the primary consideration, and income and the potential for appreciation being secondary considerations. The Endowment annually distributes the total return of the fund not to exceed 5.0% of the market value. The return in excess of 5.0% is reinvested into the funds to protect endowment gifts and distributions against inflation. Overbrook School, St. Cecilia Academy, and Aquinas College rely on the guidance of experienced professional financial advisors in establishing investment policies and procedures and in the directing of investments. |
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