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HISTORY & PURPOSE
The St. Wendelin Schools Educational Foundation was approved
as a non-profit corporation organized under the specifications
of section 501(c)(3) of the Internal Revenue Code. The
office is located in St. Wendelin High School, 533 N.
Countyline St., Fostoria, Ohio. The corporation is governed
by the following Board of Trustees:
Most Rev. Leonard P. Blair, STD, Bishop of Toledo Diocese
Connie Fondessy
Diane Goddard
Thomas Hagenmaier
Ron Burns
Dolores Kinn, President
Donald L. Mennel |
Sandy Ridge
Eugene Schalk
Rev. Nicholas Weibl
Mary Anne Nopper, Development Director
Brian Shaver, Parish Manager
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The Foundation is organized
to receive, provide for, and maintain a fund exclusively
for the financial support of St. Wendelin Schools, a parochial
school system in the city of Fostoria, Ohio, and to use
and apply any part of income or principal of said fund
for St. Wendelin School in a manner consistent with
the educational purposes permitted under Section 501(c)(3)
of the Internal Revenue code and its regulations, as they
now exist or may hereafter be amended. This corporation
shall receive and disburse funds for the purposes of supporting
St. Wendelin School (from Article II, Code of Regulations).
ASSETS
The St. Wendelin Schools Educational Foundation currently
holds assets of $2.4 million. In keeping with the current
investment policy, equities (including all convertible
stocks) are targeted to represent 60% of the endowment's
market value, with an allowed range of 50%-70% of the
total fund. Fixed income securities (including non-convertible
preferred stocks) are targeted to represent 40% of the
endowment's market value, with an allowed range of 30%-50%
of the total fund.
Cash and equivalents are maintained to support liquidity
needs. Investments are made for the exclusive purpose
of providing the maximum return within the limits of the
investment policy statement. Every effort is made to invest
in keeping with Catholic moral teaching and philosophy.
TUITION GRANTS and AID
The St. Wendelin Schools Educational Foundation has
awarded more than $110,000.00 in tuition grants and aid to school
families for the current school year.
The Educational Foundation, in partnership with St.
Wendelin Parish, strives for all families who want
Catholic education for their children to have the gift of
Christian formation and quality education that lasts a
lifetime.
In addition to tuition grants and aid, the Educational
Foundation supports the development office,
as well as enhancements in teacher salaries and benefits.
The Educational Foundation’s benefactors continue
permanent support through current gifts and a planned
giving program.
Financial Grant and Aid materials are provided to school families
each February. When tuition becomes a burden, families
are encouraged to apply for grants through an
independent agency, which processes these forms.
For more information about tuition grants and aid, please
contact Mr. Brian Shaver, Parish Manager, at
419-435-6692.
TEACHERS ARE OUR TREASURE
Our educational
ministry depends upon teachers who are supportive of the
Christian Gospel and values. Our teachers are dedicated,
knowledgeable professionals who deserve fair wages and
benefits to compensate them at a level comparable to other
public and private systems.
An endowment is
in place within the Schools Educational Foundation to
address the importance of attracting and retaining quality
teachers, who will educate and prepare contributing
citizens of our community and our world.
Initiated
in June 2001, through gifts made in honor of Mr. Mike Savona's
years of service as high school principal, the endowment
currently totals $46,000.
Any gift to the Educational Foundation may be designated for the
tuition grants and aid endowment or to the Teachers Are Our
Treasure endowment. Please contact Mary Anne Nopper in the
Development Office (419-435-6692) for more information
about this endowment or any other aspect of the Schools
Educational Foundation.
To view the Annual Report - Click here
Please Select the option below to Donate online through PayPal
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