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Endowment Fund
[EF] Build-up Project.
Project Description and
Rationale of an Endowment Fund. The SMS
Endowment Fund Build-up project was initiated to generate an investment fund,
the interest income of which will be used to to help defray the annual deficit
of St. Mary's School, Sagada. The initial goal is to raise 15
Million Philippine Pesos [approximately US$ 300,000 at an exchange rate of US$1
= 50 Philippine Pesos], to be invested in relatively high yielding
but safe money market instruments such as government securities, mutual funds,
bonds and stocks. If enough funds were raised and
professionally managed, the endowment fund offers the best solution to the
yearly funding shortfall of SMS's
Operating Budget amounting to over P1,000,000 [or
US$20,000] annually.
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St. Mary's Scool of
Sagada
Operating Budget: 2005 - 2006 |
| Income: |
Tution Fees |
P340,000 |
| |
Govt. Subsidy |
P680,000 |
| |
Total Income |
P1,020,000 |
| Expenses: |
Salaries, Benefits
Other Supplies |
P2,500,000 |
| Deficit |
|
P1,080,000 [or
about US$20,000 at
an Exchange rate of P50:$1.00 |
With the facilities and
curriculum improvements planned and now being implemented by the new
administrators of St. Mary’s School of Sagada [SMSS], the school is
confident that it will eventually produce a quality of education coveted
by students and parents such that tuition fees will no longer be a major
hindrance to the school's enrollment target.
However, in order to attain a
self-supporting status through tuition fees, the school may have to
limit its enrollment to those who could afford its tuition fees. Based
mainly on a purely financial cost-benefit analysis, the resulting tuition
fee to acquire such quality education can be relatively steep for most
indigenous families in the Philippine Cordilleras.
This will defeat the very reason
for the school's existence - to provide affordable quality education to an
indigenous people long been categorized as among the poorest of the poor of
Philippine society.
Thus, even as the school
is fast achieving capacity to become self sufficient, it has to look for
ways and means of bridging the gap between the true cost of quality
education and a subsidized quality education.
It has identified an endowment
fund [aside from a scholarship and faculty sponsorship program] as the best means of
accomplishing this.
Status.
An SMS Endowment Funding Assistance
Committee has been formed to lead and coordinate the Fund Raising
Campaign. The nucleus of the committee members comes from Class 1955 who
pioneered this project as early as the start of the Save SMS Movement. See
To read more on the early
beginnings of the SMS endowment fund project, you are welcome to surf the
following updates by Inez K Saley:
The Endowment Committee is
currently drafting a brochure which they plan to send to prospective donors.
To
make a donation go to the
For other help options, click on any
of the hereunder hyperlinks:
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Sponsor A Faculty Chair Project
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Sports Complex Funding
Assistance Project
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Library Facilities Improvement
Funding Assistance Project
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Dormitories Funding Assistance Project
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Sponsor A Student Funding Assistance
Project
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Computers and Related Equipment
Funding Assistance Project.
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School Building and Facilities
Renovaion/Upgrading
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Book Campaign
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Memorial Funds
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Raffles
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