Endowments

An endowment fund is the restricted capital that provides a permanent source of income for Archbishop Mitty High School. The principal is invested in a disciplined manner and the earnings and investment appreciation are channeled back into the fund. This allows the endowment to grow over time and become a source of long-term support that can be maintained permanently.

Endowing Our Future: The Campaign for Archbishop Mitty

Endowments provide much needed funding for families who might not otherwise be able to afford a Catholic college preparatory education; they also provide funding for the programs and services from which all Archbishop Mitty students benefit. We continue our fundraising efforts after successfully reaching our $20 million goal of The Campaign for Archbishop Mitty.

There are three types of endowment funds at Archbishop Mitty:

1. Scholarship Endowment Fund – Investment earnings from this fund provide financial assistance to students with demonstrated financial need.  Named scholarship opportunities begin with a gift or pledge of $10,000 or more.  A scholarship is considered fully funded (providing the minimum AMHS financial aid award) when it reaches $50,000. 
2. Program Endowment Fund – Investment earnings from this fund assist curricular and co-curricular programs at Archbishop Mitty.  Named program endowment opportunities begin with a gift or pledge of $10,000.  The amount required to fully fund program endowments varies, depending on the operating budget of each program. 
3. General Endowment Fund – Investment earnings from this fund supplement the school’s annual operating budget, helping to off-set the gap between tuition and the actual cost of educating a student at Archbishop Mitty.  Named general endowment opportunities begin with a gift or pledge of $10,000.

Those wishing to take part in The Campaign for Archbishop Mitty by establishing their own endowment or by contributing to existing endowments at any giving level should contact Joanne Mills.