Endowments

Jim and Colleen Baker Endowment
This endowment was established by Jim and Colleen Baker and provides tuition assistance to students demonstrating financial need each school year.  

Amanda J. Rothschild Byer Endowment
This endowment provides tuition assistance to students demonstrating financial need each school year.  

Edmond Family Scholarship Endowment
The endowment was established by John A. Edmond and provides tuition assistance to students demonstrating financial need each school year.  

Audree F. and Margaret Hedrick Long Memorial Endowment
The endowment was established by Audree F. Long in memory of Margaret Hedrick Long and provides tuition assistance to students whose families demonstrate significant financial need. 

Paul V. McEnroe, Jr. Memorial Endowment
This endowment was established to honor the memory of Paul McEnroe '86. It provides tuition assistance to students demonstrating financial need each school year.  

Jack Ratz, Jr. Memorial Endowment
This endowment provides tuition assistance to students demonstrating financial need each school year.  

Sr. Teresita and the Sisters of Notre Dame Endowment
This endowment was established by Mike Kilmartin '74 and provides tuition assistance to students demonstrating financial need each school year.  

Helen Steigerwald and Margaret Keyes Memorial Endowment
The endowment was established by the Steigerwald family and supports tuition assistance to students demonstrating financial need each school year. 

Honoring Our Military and First Responders Endowment Fund
The endowment provides tuition assistance to students at Cardinal Gibbons who are the children of  military or first responders and honors and recognizes the sacrifices our military and first responder families make in service to their country. 

Briggs Family Endowment Fund in Memory of Margaret P. Briggs and Fred T. Pearce, Jr.
This endowment was established by Chris and Kelly Briggs and honors the memory of Margaret Briggs and Fred Pearce, Jr. The endowment provides tuition assistance to a single minority family/student demonstrating financial need each school year. 

Franciscan Brothers Endowment
The endowment was established upon Br. Michel Bettigole's retirement from Cardinal Gibbons in 2006 as a way to honor his work and that of the Franciscan Brothers of Brooklyn who served our school from 1994 through 2006. The Franciscan Brothers Endowment supports tuition assistance for students and families most in need.

Coughlin Endowment Fund
The endowment was established by Sandra and Christopher Coughlin to provide financial support for programs that support academic learning and different kinds of learners. 

Ellen Wilson Endowment for Community Service
The endowment was established by Carol and David Ballesteros to provide support for community service activities at Cardinal Gibbons. 

CGHS Endowment
The Cardinal Gibbons High School Endowment provides unrestricted support to the school. 

Susan Scott Daly ’76 Excellence in Teaching Award
This endowment was established by Susan Scott Daly '76 to create an annual award for educators that considers their contributions to the furtherance of the school's mission, dedication to student learning, demonstrated commitment to the enrichment of student and educator community, and the introduction of innovative education programs. 

The earnings on endowed funds are used in perpetuity to support the school's programs and goals. Because the principal of the fund is never spent, it can generate greater earnings over time. Income from endowed funds provides one and a half percent of the operating budget of the school. Annual giving income, by contrast, is spent the same year it is given and is used entirely in support of the operating budget of the school.

 

Endowed funds can be established with outright gifts of cash or stock, through pledges to complete funding over several years, or through planned gifts (with a direct bequest, a charitable gift annuity, or a pooled income fund). Families can also join resources to create an endowed fund, allowing their gifts to have a greater impact and creating unique multi-generational ties to the school. 

We honor your trust in us and protect the intent of every gift. For gifting purposes and official documents, Cardinal Gibbons should be referred to as “Cardinal Gibbons High School.”

For more information, please contact Anna Hosea, Director of Advancement, at 919-704-7363 ext. 163 or annahosea@cghsnc.org. 

 

Donors may set up a restricted endowed fund in which they designate endowment income for a certain purpose. Donors may also opt to create an unrestricted endowed fund, which leaves the spending of income at the discretion of the school. This is most beneficial, because it allows the Head of School and the Board of Directors the flexibility to direct the income to the area of greatest need at Cardinal Gibbons.

In August 2018, Bishop Luis Rafael Zarama established The Foundation of the Roman Catholic Diocese of Raleigh, Inc. in order to more efficiently manage the temporal works of the Church.

The Foundation is the ‘community foundation of the Catholic church.’ Their mission is to: 

• Build and create Endowment Funds or other long-term gift vehicles for the benefit of any and all parishes and diocesan ministries.
• Cultivate Donor Prospects to provide parishes and diocesan ministries with a long-term, guaranteed income stream.
• Manage invested charitable funds and Distribute grants to parishes and diocesan ministries in accordance with the fund agreements.

The Foundation manages the endowment funds of Cardinal Gibbons and more information about their investment policies can be found on their website.

Cardinal Gibbons stewards endowment donors through yearly updates and in individual reports as well.