Endowments ensure secure, perpetual income for Saint Ignatius College Prep. Money donated to an endowment is invested, and the interest generated is used for the purpose designated by the benefactor, whether it is tuition assistance support for students, programmatic support for faculty, or maintenance support for the school.
Many endowments are created in memory or honor of a friend, mentor or loved one, however, they are also established by alumni in the form of class gifts. Please know that any endowment may be contributed to even after it has been fully funded and the school highly encourages these gifts. Prior to July 1, 2000, endowments were fully funded at $50,000. Since that date, endowments reach maturity at $100,000. We are grateful to all the benefactors who have and continue to fund these important legacies for the future!