FATHER BIASIO & DONNA MARTIN & CHRIS HAWKINS
Sustain Paraclete through growing our named endowments
We need to raise $280,000 to grow our three endowment funds to total $1,000,000
(L)Mr. Ray Monti, (M) Mr. John Perez (R) Father Mariano Biasio
Gifts to each named Endowment Fund are an investment in the long-term financial health of Paraclete High School. Endowment Funds are held in long-term investments with the principal remaining untouched, which creates a permanent source of revenue for the school’s annual tuition assistance program. Each endowment fund is structured to grow over time through reinvestment of interest and dividends earned will be used towards tuition assistance.
Our endowment funds sustain Paraclete, not for a year, not for a decade, but generations to come.
At one time Paraclete High School was staffed almost entirely by religious and priests. As the number of religious in our school community declines, the burden of increased salaries remains constant. Each school year we have many Antelope Valley families requesting admission assistance dollars. In order for Paraclete to be able to offer assistance dollars and remain financially healthy and stable, we need to raise $280,000 to grow our three endowment funds to total one million dollars. The endowment interest revenue is used to fund our tuition assistance needs.
Our three named endowment funds equal $720,000.
Father Biasio Donna Martin Chris Hawkins
$624,000 $51,000 $45,000
[Endowment Funds are created to help insure the financial stability of a non-profit. At Paraclete, interest earned by the Fund is used to offer financial assistance for tuition for students in need.]
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