The St. Pius School Endowment Fund was established in 1986 and has grown steadily to its current value of approximately 3.7 million dollars. The growth has been accomplished through a combination of specific gifts and pledges from parishioners. While a few gifts have provided a significant portion of the Fund, approximately $2,044,257 of the Fund has been obtained through pledges by many parishioners.
The average commitment has been $3014 per pledge. To date, over 693 families have participated in the growth of the Fund.
How the Fund is Operated
The Endowment Fund is managed by the Investment Committee of the Archdiocese of San Francisco. This group is comprised of professionals from the world of finance. The fees for this service are deducted from the earnings of the Fund, not from the capital or fund balance. The Endowment Fund is under the oversight of the parish finance committee who monitors the investments. All gifts and donations that are received are invested directly into the Fund, and only the income earned from the investment may be used for activities and services of the school.
How the Fund is Used
The most visible benefit of the Fund is to provide an affordable tuition for all of the school families. Today the earnings from the fund are used to help cover the normal operating costs of the school and to provide tuition assistance to families who would not otherwise be able to afford a Catholic education. In addition, the Fund's earnings provide for the school's capital improvements and curricular enhancement.