Endowments & Scholarships
Please join us in making the financial future of Stuart a priority. We ask you to protect the Stuart tradition of high-quality education for every girl who seeks and deserves it—regardless of race, religion, or economic background. To carry on Stuart's unique tradition of developing leadership in girls, we must build our endowment.
Endowment funds are used for:
- Attracting and retaining the most gifted students
- Recruiting the most qualified and dedicated faculty
- Providing the most relevant, challenging and comprehensive curricula.
Stuart Country Day School of the Sacred Heart seeks through its endowment to ensure the future of Sacred Heart education for women. Many independent schools maintain an endowment to ensure their long-term security. Funds donated to Stuart’s endowment are invested and managed wisely to maximize interest potential.
Income from the investment of the school's endowment, together with fundraising initiatives, helps to bridge the gap between tuition and the school’s actual operating expenses.
Become a part of Stuart’s Future
A strong, growing endowment helps keep tuition affordable. Your gifts to Stuart's endowment are an investment in the Stuart of today and tomorrow.
The Angels Program at Stuart Country Day School of the Sacred Heart enhances the lives of students by providing academically qualified young women with a private girls’ school education rooted in the philosophy of the Sacred Heart. The Angels Program serves students and families who have limited financial resources, and for whom a private-school education would otherwise be impossible. Stuart, because of its history and heritage as a Sacred Heart school, is uniquely qualified to identify, educate and support girls in need.
- What is endowment?
- What are the advantages of building the Stuart Endowment Fund?
- How can I create an endowment at the school?
- How are endowment gifts acknowledged?
- How are endowments used?
- Where may I give to the endowment fund?
- May I specify the use of my gift?
- How can I give to the endowment?
- How does Stuart decide to allocate endowment income?
- What type of asset can I give to the endowment?
- How do I transfer stocks or bonds to the endowment?
- Is it possible to make a gift to the endowment and then have the school pay me a specific rate of income for a period of time or the rest of my life?
- Can I escape high income and estate taxes on the benefits from a large IRA, rollover IRA, or pension/profit-sharing plan after my spouse and I have died?
- Will school representatives help me devise a gift and estate plan without obligating me to start giving right away?
- If I make a gift to the endowment, will by employer match it?
- How can I establish a named family fund?
- Will my family name be recognized after my lifetime?
Endowment is an independent school’s savings account. Annual distributions from the endowment pay for the expenses not covered by tuition, the Annual Fund, or other income. Endowment provides additional permanent annual resources to maintain and improve the quality of education we provide our students. It also protects the school’s future financial well-being.
Endowment provides a reliable source of income in perpetuity since Stuart can count on annual distributions to help support the ongoing work of the school. A strong endowment also helps increase stability and prestige by reinforcing Stuart long-term stability and fiscal responsibility. Endowment helps relieve pressure from the Annual Fund by providing annual support for the school’s operating budget.
All gifts to endowment are acknowledged in Stuart's Annual Report. Named endowment gifts of $50,000 or more are listed in all subsequent reports.
It is the school’s policy that no endowment is named or published in the Stuart Annual Report until the entire gift amount has been received by the school.
Stuart’s endowment supports general operating expenses of the school.
Generous Stuart alumnae, parents, and friends have established endowed funds at the school. These funds support the people, programs, and infrastructure that make possible an outstanding educational experience. These funds are held in perpetuity, assuring the donors that their vision will continue to make a difference in the lives of motivated young people at Stuart.
- Write a check to the endowment.
- Make a bequest in your will or living trust.
- Assign title to real estate to the endowment.
- Name the endowment as a beneficiary of your life insurance.
- Establish a charitable remainder trust or other plan with lifetime income.
The tax laws make philanthropy an attractive option. In some cases, for example, a gift to Stuart now can increase current income. Charitable bequests at the time of death can reduce estate taxes. Attorneys and financial professionals can help you sort out these issues.
Endowments are crucial elements in a school's financial plan for serving present and future generations of students and supporting faculty needs and goals. Stuart, like comparable institutions, balances the need to pay for today’s programs with the need for appreciation in the fund’s principal value, which protects and enhances the fund’s future purchasing power.
Donors sometimes determine what an endowment fund will support, and as a result, endowments support diverse Stuart activities.
A local brokerage firm will accept gifts of securities (stocks, bonds, mutual funds, and certificates of deposit) on behalf of Stuart. You or your own broker may contact our brokerage firm directly to make the arrangement. In addition, please notify the school, firstname.lastname@example.org when you give a gift of securities.
Yes. Those taxes take a big bite because they are usually levied twice upon your death. First, the benefits are taxed at ordinary income rates, which can soar to nearly 40 percent. If your taxable estate is more than the statutory exclusion -- $675,000 in 2000, automatically increasing between now and 2006 to $1 million -- the estate tax rate will take 18-55 percent of the remainder.
Estate planners advise against leaving an IRA to an individual because two-thirds will go to taxes. Many donors instead choose to leave the balance of tax-deferred IRAs and other plans to charitable organizations since the total amount will go to charity.