Financial Report

2015-16 SCCS Education Foundation

For the year July 1, 2015 through June 30, 2016, the SCCS Education Foundation received new contributions totaling $224,408 and distributed funds totaling $332,400 to Sandusky Central Catholic School and students for the benefit of its programs, tuition assistance, teachers, and scholarships.  The ending market value on June 30, 2016 was $7,287,611.  The investment portfolio is closely monitored by an investment committee which meets quarterly to review strategy and progress. Asset allocation is designed to support the short term spending/income goals, as well as provide for longer term growth over inflation.

The disbursements from the SCCS Education Foundation’s numerous funds are made annually based on the Board of Director’s approved Spending Policy Statement.  This policy governs the amount of funds to be distributed annually to Sandusky Central Catholic School and students.  Distributions may be further restricted by appropriately authorized Donor Agreements.

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