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TERMS OF ENDOWMENT

BUILDING A SKUTT CATHOLIC LEGACY


Does Skutt Catholic have an endowment?
Skutt Catholic has an established endowment fund, as well as several endowed scholarships. Each of these were created for a specific purpose and includes gifts and bequests that are generally designed to keep the principal corpus intact so it can grow over time, but allow the school to use the annual investment income for programs, or operations, or purposes specified by the donor(s) to the endowment.

What is an endowed scholarship?
An endowed scholarship is an endowment established to fund tuition and other school related expenses. Over the years, Skutt Catholic has been blessed with generous donors who have established endowed scholarships to provide financial tuition assistance to qualifying families, and as a very special legacy to a beloved alum who has passed on.

What are the benefits of an endowed scholarship?
An endowed scholarship offers several benefits to the donating individuals or organization:

  • Remembrance and recognition of a specific family or individual as is the case in a memorial scholarship.
  • Provides a tax benefit, as cash gifts can qualify for a charitable deduction of up to 50 percent of your adjusted gross income.
  • Longevity, as through an endowed scholarship, you can continue making a difference far into the future.

SKUTT CATHOLIC’S ENDOWED SCHOLARSHIPS


MERIT-BASED AWARDS

PAUL TROUPE MEMORIAL SCHOLARSHIP: $1,000 renewable annually awarded scholarship given at the end of a student’s freshmen year based on the qualities of former SkyHawk Paul Troupe. Previous awardees include: 2016 – Cole Mingo; 2017 – Margaret Kramer; 2018 – Zachary Weis; 2019 – Hannah Beran; 2020 – Mia Dougherty; and 2021 – Maya Dooley.

DANIEL AVRAMOVICH SCHOLARSHIP: $2,000 renewable annually awarded scholarship based on the qualities of former SkyHawk Daniel Avramovich. Award winners for the initial award this year include Bekki Franco (junior), Reid Chapman (sophomore), and Chance Enderez (freshman).

SUZIE KLOSTERMAN MEMORIAL SCHOLARSHIP: Scholarship given annually to a graduating senior in memory of school counselor Suzie Klosterman. To date, the following have been awarded: Marleese Peters ‘20 and Kaelyn Reeves ‘21.

 

FINANCIAL NEED-BASED AWARDS*

PAUL AND PATTY MENDLIK SCHOLARSHIP: Since 2014 an annual scholarship has been given out to help a student who needs additional financial assistance.  This scholarship is an important part of the mission of Skutt Catholic.

FOUNDERS FUND SCHOLARSHIP: Fund originally established by Bruce and Marlene Haney for students and families who need financial assistance. Anyone can provide a gift to this fund.

*recipients confidential

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We are thankful for all of the endowed scholarships that are available to our students, faculty, and the entire school. For more information on our endowments or to create an endowment fund of your own, please contact Angie Grote ’01, Vice President for Advancement.

 

Angie Grote ’01
angiegrote@skuttcatholic.com
402.333.0818

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