Endowed programs at the Academy are used for student scholarships and for faculty and staff development. We strive to provide a Holy Names education to every student who meets eligibility requirements. Expanded student financial assistance will allow us to preserve the legacy of the Sisters in educating a diverse student body. An increased endowment will enable us to attract and retain high-caliber educators. Our faculty and staff will be able to pursue professional development opportunities and stay on the cutting edge of educational technology.

Endowments, carefully managed for growth as well as current income, are the foundation for long-term stability of the Academy. A named scholarship ($50,000 or more) becomes a permanent tribute to the person whose name it bears and always may be augmented. Donors are welcome to contribute any amount to an existing scholarship. For endowed scholarships, the principal is preserved and only interest is used for awards.

Disclosure

The annual distribution of endowment funds of the Academy of the Holy Names will be based upon a range of 1 percent to 5 percent of a five-year rolling average of investment balances as of September 30th of each year. Depending on the annual returns of the endowment investments, the Finance Committee at its meeting in the 4th quarter, shall determine whether the distribution is 1 percent, 2 percent, 3 percent, 4 percent or 5 percent, or a fraction within that range, but should never be less than 1 percent or exceed 5 percent so long as the corpus does not fall below 25 percent of its five-year rolling average. The annual distribution to the Academy will be made in the month of July in the next fiscal year.

Our Investment Philosophy

The Investment Committee, which is overseen by the Board of Trustees, is guided by the philosophy that protection of principal is equal to or more important than achieving traditional market returns that can range from excellent to damaging in a given year or a given decade. This means that endowment investments will generally underperform in the strongest periods in exchange for minimizing losses in difficult periods.

 

 

Academy of the Holy Names of Florida, Inc. is a 501(c)(3) non-profit organization. 

Federal tax ID number 59-0910354