When the difficult decision was made to close the St. Scholastica Parish in Letcher, SD Bishop Dudley decreed that a tuition assistance fund be established for families who wish to send their children to Catholic Schools in Mitchell, SD. Applications must be submitted each year by June 30th to be considered. Amounts available may vary from year to year. Awards may be split between multiple families and is not based on financial need.
Applications may found on the John Paul II School website.
An endowment fund is a perpetual fund, created by charitable donations in the form of cash, stocks, mutual funds, real property, or other personal property given to the Foundation. The practice of investing the principal, rather than spending it, creates a perpetual fund. Most of an endowment’s annual earnings are distributed to the designated benefactors, in this case, John Paul II School. Endowments provide a “forever-giving” funding source for Catholic programs and activities. A gift in your will could establish an endowment and a lasting legacy for you, your family, and benefactor.
If you would like information on how you can leave a lasting legacy for yourself or a loved one, call the MCF office to set up an appointment at 605-999-9127.