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:

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).

Alumni offer thanks

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.

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Education Foundation Annual Fund