RMCA's Endowment Fund will be a savings account for the school, invested according to policies adopted by the RMCA Board of Trustees, Knights Foundation, and the Endowment Advisory Committee. Once established, each year a portion of the Endowment will help cover the school’s annual expenses, either the general operating budget or specific programs designated by the donor. RMCA's goal is to create an Endowment sufficient to provide for 5 percent of the trailing twelve-quarter average of the Endowment's market value each year. Eventually, we will reinvest any annual earnings beyond the five percent to build the fund.
Why It Is Important: Students.
The Endowment Fund will provide a steady income source for RMCA, enabling the school to be annual fundraising programs and securing its future against economic downturns. In effect, a larger Endowment Fund enhances RMCA’s ability to fulfill its mission now and for many years to come.
Endowment growth is an area of strategic importance for RMCA. It will take us time to build our fund, and we are seeking donors. Giving to the Endowment Fund provides a unique opportunity to you as a donor to help dramatically the RMCA experience that you care about the most.
Gifts and pledges to the RMCA Endowment in the form of cash or appreciated securities will have an immediate impact. However, gifts to the Endowment may also occur over a longer term through bequests in estates, gifts of real estate, and structured planned giving instruments.
Unrestricted gifts in support of the RMCA Endowment place no limitations on the use of the income from the funds. We would use such gifts to meet the school’s most pressing needs, as determined annually by the Board of Directors, administration, and Endowment Advisory Committe.
Restricted gifts supporting the RMCA Endowment mandate that we use the income for a specific purpose, such as student support, faculty support, or a particular academic or extracurricular program. All such endowed funds of $10,000 or more are eligible for naming in honor of the donor or someone of special importance to the donor.
A minimum of $50,000 is required to establish a named, endowed Chair of Distinguished Teaching fund that confers special recognition on outstanding RMCA teachers.
A minimum of $10,000 is required to establish a named, endowed scholarship to provide an annual subsidy for financial aid students to benefit from RMCA activities and trips.
A minimum gift of $5,000 is required to establish a named fund for other restricted programmatic areas such as faculty salaries, professional development, academics, athletics, fine arts, technology, student or faculty awards, facilities, or any other area of pressing need for the school.
A minimum gift of $2,500 can establish an unrestricted named fund. The income from these funds may address operational needs as determined by the Board of Directors, administration, and advisory committees.
Help Our Students Reach Destinations Of Excellence.