The Stability Initiative is an 11-year strategic fundraising plan to become financially stable, so we can continue to offer the best Catholic education, with competitively paid employees, and affordable tuition for our families.
Light of Christ fundraises $4 million annually to keep our five schools running. $2 million a year is needed to cover loan payments that helped us build a new high school and complete renovations and additions at all of our schools. The other $2 million covers the costs to educate our students, not covered by tuition or parish contributions.
PHASE 1: Raise $12 million by December 31, 2022, which will be used to cover debt, helping balance the budget for the next four years. COMPLETED!
PHASE 2: Create a $40 million endowment. Distributions from the endowment will generate $2 million of steady, reliable annual income. See below to give now to Phase 2.
PHASE 3: Grow the endowment to $80 million. Distributions from the endowment will generate $4 million of steady, reliable annual income.
Thank you to everyone who helped us achieve our $5M Match toward PHASE 1 in 2022 and complete our PHASE 1 goal of $12M in early 2023!
We are now working toward the establishment of a $40M endowment in PHASE 2. Please consider a gift to this important phase.