Types of Funds


High School - Fr. KennedyGifts to the General Fund

Any dollar gift can be made to the general fund.  There is no minimum.  All gifts, large and small are greatly appreciated.

However, within the General Fund, you may also make an unrestricted Donor Named Gift entrusting the Board of Trustees to determine the grants, based on changing needs and in response to faculty and administration requests. This offers a wonderful opportunity to leave a lasting legacy in your name or in honor of a loved one.

Any dollar gift can be made to a Specific Fund. There is no minimum. All gifts are greatly appreciated. However, within a Specific Fund, you may also make a Donor Named Gift entrusting the Board of Trustees to determine the grants based on changing needs within the particular fund’s specifications. Or, you may choose to make a Donor Advised Gift because you wish to have an active role in your charitable giving and make suggestions regarding the Funds annual distributions. Either option offers an opportunity for you to leave a lasting legacy in your name or that of a loved one.

A Donor Named Gift

Can be made to the General Fund whereby you ask that a designated name be perpetually associated with the gift. This type of gift requires a minimum gift amount of $10,000 though no separate account is established within the General Fund. 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.

A Donor Advised Gift

Can be made whereby a separate account in a designated name is established within a Specific Fund and the annual distribution will be made only after consultation with you or your designated representative. This type of gift requires a minimum gift amount of $50,000. You may choose any name you wish for the fund. 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.

Students on Steps of Old High SchoolCreation of a Separate Donor/Family Fund

A separate Donor/Family Specific Fund may be established by you to make certain that support will be provided for a specific purpose or to a specific area(s) of interest in St. Peter’s Schools not presently covered through the General Fund or another Specific Fund. Donors often designate percentages of fund earnings to be distributed to several areas of the Schools.

A Donor/Family Specific Fund is created when you make a gift of $100,000 or more to the Foundation based on the condition that a separate fund be established within the Foundation for the purposes stated within the gift specifications. You may name this Specific Fund and, if desired, may also make it a Donor Advised Fund wherein the Trustees would consult with you or your designee(s) prior to making the annual distribution. The fund remains open- ended and may be increased at any time through additional gifts.

student1Donor Named Fund

The role of the Donor is to establish a sub-fund within the Foundation’s General Fund or within a Specific Fund using a contribution of cash, securities or marketable property valued at $10,000 or more, name your fund, add to your fund at any time, take an income tax deduction each time a gift is made to your fund, take an estate tax deduction if or when you add to your fund at death and invite others to add to your fund as often as they can.

The role of the Foundation is to research school needs and direct the funds to meet those needs, investigate and approve grant requests, monitor and evaluate outcomes of approved grants, administer the fund and manage its investments. The trustees also report on the fund in its annual report and press releases about grants unless the donor requests anonymity, assure that the name of the fund is associated with all grants made from the earnings of the fund in perpetuity.

The Donor and a representative of the Foundation both sign the transmittal document which indicates the initial contribution, name of the fund, type of fund and whether the fund is part of the General Fund or a Specific Fund. The transmittal document also indicates the responsibilities of the Foundation.

StudentsDonor Advised Fund

The role of the Donor is to establish an Advised Fund within a Specific Fund within the Foundation with a contribution of cash, securities or other marketable property valued at $50,000 or more. Name your fund, add to your fund at any time, take a tax deduction each time a gift is made to your fund, make annual suggestions about distribution from the income of your fund in perpetuity to St. Peter’s Schools and invite others to add to your fund as often as they can.

The role of the Foundation is to work with you or your representative, to help decide where, in St. Peter’s Schools, the annual distributions from the Donor Advised Fund will be placed, share research on school needs, review and approve distribution requests, process grants and provide notification to you, monitor and evaluate outcomes of approved distributions, administer the fund and manage its investments. The trustees also report on the fund in its annual report and press releases on grants unless you request anonymity. They also assure the name of the fund is associated with all grants made from the earnings of the fund in perpetuity.

The Donor and a representative of the Foundation both sign the transmittal document which indicates the initial contribution, name of the fund, type of fund and the direction/purpose of the fund. The transmittal document also indicates the responsibilities of the Foundation.

student-priestDonor Specific Fund

The role of the Donor is to establish a fund with a contribution of cash, securities, or other marketable properties valued at $100,000 or more, name the fund, indicate the area of interest to be supported, add to the fund at any time, take a tax deduction each time a gift is made to the fund, make periodic suggestions regarding distributions from the fund to St. Peter’s Schools and invite others to add to your fund as often as they can.

The role of the Foundation is to assure that the annual distributions from the Specific Fund carry out the stated purpose of the fund, assure that the name of the donor or fund is associated with all distributions from the fund, administer the fund and manage its investments. The trustees also report on the fund in its annual report and media releases regarding grants unless the Donor has requested anonymity.

The Donor and a representative of the Foundation both sign the transmittal document which indicates the initial contribution, name of the fund, type of fund and the direction/purpose of the fund. The transmittal document also indicates the responsibilities of the Foundation.