The Saint Xavier High School Endowment Program has seen significant growth since its beginning in the early 1980’s. In the late 1990’s, the Xaverian Legacy Capital Campaign did a great deal to increase endowment gifts, raising more than $5 million and formalizing the endowment program. With the completion of the Project X Campaign in 2009 and the kickoff of the X Effect campaign in 2019, more than 295 named endowments or funds within the Brother Benjamin Burke, C.F.X. Endowment have been established for the benefit of St. X students and faculty. The most significant benefit to St. X is the fulfillment of a long-term objective to permanently endow tuition grants for the neediest students in the school community.
Endowment Management and Spending Policies
Currently, the Saint Xavier Endowment is guided by a written Endowment Agreement with each named endowment donor. Endowment gifts may take the form of cash, appreciated securities, or real or personal property. Funding an endowment may be a one-time gift or a benefactor may take up to five years to fully fund their endowment pledge. The annual earnings on a donor’s endowment, up to 5% of the endowment’s value, which is established annually, will be allocated to the endowment’s purpose each year. All Saint Xavier Endowment Funds share equally in investment gains or losses. In the case of excess earnings, they will be tracked along with the principal gifts allowing for continued growth in the donor’s endowment fund. An annual update on the endowment’s performance will be provided to the donor or their designee, and recognition includes the fund name printed in the Saint Xavier Annual Report and the fund name listed on the digital displays around the St. X campus.
To find out more about creating a new endowment fund or to create a fund within the Brother Benjamin Burke, C.F.X. Endowment, call the Office of Advancement at 502.637.8485.
The Brother Paul Van Gerwen, C.F.X. Founders
Brother Paul Van Gerwen, C.F.X. was the founder and first principal of Saint Xavier High School. These generous benefactors have embraced Brother Paul’s early vision of establishing a school that would continually meet the Catholic education needs of the young men in our community. Through a cumulative gift of at least $100,000 for endowment, the Founders assist in securing the school’s financial future. Each Founder is recognized as a member in one of three giving levels:
Saint Xavier High School - Named Endowments
Benefactors who contribute a cumulative amount of $50,000 or more will establish a “Named” Endowment Fund. The fund can be restricted for a specific purpose or can be designated for use where there is the greatest need. The fund will be named as directed by the donor and can be in honor or in memory of a family member, etc.
The Brother Benjamin Burke, C.F.X. Endowment
Benefactors who make a cumulative gift of $25,000 or more qualify for a fund within The Brother Benjamin Burke, C.F.X. Endowment. This fund was established in 1986 to seek funding for increased availability of need-based tuition assistance. Today, over 100 benefactors have a fund each providing tuition assistance annually.
NOTE: Funds within this level can be restricted to support a benefactor's purpose of choice. Current funds include a teacher project award, a student interest award and a student recognition award. The endowment donor will receive yearly fund status reports.
Saint Xavier High School - Restricted Endowment Donors
Benefactors who make a cumulative gift of $25,000 or more qualify for a restricted fund within The Saint Xavier Endowment to support their purpose of choice. Current funds include a teacher project award, a student interest award and a student recognition award. The endowment donor will receive yearly fund status reports.