What is an Endowment?
An endowment is a permanent "trust" account established by a donor. It is based on an initial gift that in turn provides annual income earnings generated by investment of the principal. The gift from the donor is deposited by Marian into a special account. The endowment principal earns investment income to benefit the school and provides ongoing financial resources to Marian. Marian has a fiduciary responsibility for the management of endowed funds. Formal investment and spending policies enacted by the Marian Board of Trustees provide for both the growth of earned income and allocation of funds for expenditures of the school.
Named and/or Endowed Scholarships
In 1955, when the Servants of Mary opened Marian High School, they made the promise that no girl would be turned away for financial reasons. Today, Marian works with each family to review all demonstrated need to ensure that financial hardship does not prevent a girl from attending Marian. Through the generosity of donors, Marian is able to ensure that every young woman can attend regardless of her financial ability. Nearly half of the young women attending Marian receive financial assistance, and that need continues to grow each year. Gifts of $10,000 or more can be considered for a named and/or endowed scholarship. If you wish to discuss creating a named scholarship fund, please contact Sarah C. Jank, Director of Advancement at (402) 571-2618 ext. 119.