Pius X Foundation
A
Tradition of Faith
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To
date we've collected over $10 million! Thank you! |
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Thanks
to the outstanding generosity of Catholics throughout Lincoln, the
50th anniversary campaign for Pius X High School, A Tradition of
Faith, has
been a tremendous success! The entire Lincoln community is commended
for its generous support! Enhancing the Foundation First, campaign monies will enhance the Pius X Foundation, a growing endowment fund for the school. Income from the Pius X endowment fund will help to maintain affordable tuition as well as generate income that ensures long-term financial stability for the school. For the 2008-2009 academic year, the Foundation provided 6.2 percent of the school’s operating budget. Increasing the endowment fund’s capital will enable the Foundation to provide a greater share of the Pius X High School budget while stabilizing parish assessments in the future. Improvements to the physical plant Second, the campaign helped to provide some physical improvements
to the school. Construction of a new Commons area and entrance on the
southeast
corner of the
current facility, remodeling the existing Commons area to accommodate the
library/media center and the creation of a dedicated science wing with
new science laboratories
were part of the project. A third goal is to repay the Diocese of Lincoln for the purchase
of the Clark Jeary Retirement Center and the land on which it is
located (3.888
acres),
directly east of the Pius X campus. The $2 million earmarked for this
effort will enable
Pius X to grow in physical size and enrollment numbers without sacrificing
current space. |
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Support of the Lincoln parishes The
fourth endeavor is to provide support for the 14 parishes in the Lincoln
Deanery that participated in the campaign. Through a sharing formula
that was developed by a campaign clergy committee, parishes retain 28
percent of the funds raised among their own parishioners, beginning with
the first dollar raised. Once parishes reach their goals, they retain
90 percent of the funds raised over that figure. |
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© Copyright 2009 Pius X Foundation. All rights reserved. Updated August 30, 2010 email webmaster