St. Mary Academy – Catherine Frances Sheehy Endowment Fund
The exclusive purpose of the Fund is to provide partial scholarships for financially needy practicing Catholic students attending St. Mary Academy in Sarasota, Florida who are involved, along with their families, in a Respect Life program or ministry. If at some point in the future St. Mary Academy ceases to exist, this fund will support scholarships for qualified students attending other Catholic Elementary Schools within the Diocese of Venice in Florida.
Why Support an Endowment Fund?
An endowment fund provides a source of annual income to the Catholic entity of your choice. Endowments are designed to function in perpetuity, because the original gift amount (the principal) is invested and the earnings are used to provide long-term financial support to a Parish, school, program or the ministry about which you care most. Once established, anyone can make additional contributions to the fund in any dollar amount.
Many endowment funds are created through gifts from wills or trusts, however, a significant number of donors choose to fund their endowments while they are still living so they can see the impact of their gifts. There are numerous ways to fund an endowment with the Foundation including gifts of cash, securities, property, distributions from retirement accounts and more.
Other Giving Options
Other Giving Options for St. Mary Academy
To learn more please contact the Catholic Community Foundation of Southwest Florida at 941-441-1124 or CCF@dioceseofvenice.org
