Types of Funds
The Monsignor Edward C. Dunn Foundation for Education offers a variety of ways you can make contributions to support St. Peter’s School. In most cases, funds can be started with a one-time gift or through a multi-year pledge commitment.
General Fund
The general fund has been created through the combined efforts of thousands of alumni, parents, parishioners, and friends of St. Peter’s School. This fund goes to support the operations of the school system including subsidizing the salaries of our teachers.
Gifts of any amount can be made to the general fund or any specific fund in the Dunn Foundation. There is no minimum gift and we regularly receive gifts of $10 and up from parishioners on a weekly or monthly basis.
Named Endowed Scholarships
A Named Endowed Scholarship can provide opportunity for donors and their families to invest directly in the ministry of educating students at St. Peter’s School. Scholarships may be named in memory of a family member, classmate, friend or special teacher.
A Named Endowed Scholarship is established with a gift or pledge of $10,000 or more. A starting gift of $5,000 will establish the fund. The pledge is to be fulfilled over a five-year period, can be billed quarterly, monthly or yearly. One $500 scholarship will be awarded once the $12,500 threshold is reached. Endowed scholarships may fund all or part of a student’s tuition each year.
Donor Named Fund
A Donor Named Fund can be established in the Foundation usually with an initial gift of $10,000 or more. You may choose any name you wish, your own or that of your family, a friend, or an organization. Such funds are open-ended and may be increased at any time through additional gifts. The annual distribution from the fund will always be given in the name of the fund.
The Foundation will work with your or your representative to help decide where in St. Peter’s School the annual distributions from the named fund will be placed. The Foundation will work with school administration to approve grant requests, monitor and evaluate outcomes of grants, administer the fund and manage its investments.
Donor Family Fund
A Family Fund can be established in the Foundation with an initial gift or pledge of $50,000 or more. This fund will allow an individual or family to take an active role in building or supporting a long-term program that benefits St. Peter’s School. The Foundation will work with the donor and the school administration to develop a program that can be sustained by the distribution income.
The Distribution Committee of the Board of Trustees will consult annually with you or your designee concerning the distribution. This fund is also open-ended and may be increased at any time through additional gifts.
Donor Advised Fund
A Donor Advised Fund can be established in the Foundation with an initial gift of $10,000 or more. The donor-advised fund allows donors to create a fund with an irrevocable, tax-deductible contribution of cash, securities or appreciated non-cash assets; invest those funds for future potential growth and recommend grants to projects of their choosing at St. Peter’s School. The distribution will be made in the name of the foundation and the donor-advised fund.
Grants to the school can be made in any dollar amount but $250 is the recommended minimum. However, at least $10,000 must remain in donor-advised fund for grants to be distributed. A Donor Advised Fund gives individuals the opportunity to invest in the future of St. Peter’s School and make grants to support a specific need the school has. It is also a way to keep your charitable contributions anonymous.