6 Annual Report | 2023-2024 THE STRENGTH OF OUR BALANCE SHEET FINANCIAL REPORT Scholarship Endowment Fund SJCI Endowment Board Designated Fund 6/30/15 6/30/16 6/30/17 6/30/18 6/30/19 6/30/20 6/30/21 6/30/22 6/30/23 6/30/24 The Scholarship Endowment Fund (SEF) is a collection of over 200 funds that provide a permanent source of student financial aid and programmatic support to the school. While a majority of the SEF’s endowed funds ensure that SJCI remains financially accessible to deserving students, several other funds make certain that signature programs, facilities, and extracurriculars (retreats, sports, clubs) continue to provide students with the most transformative and holistic education possible. Gifts to endowed funds are invested to earn long-term returns and grow over time. A portion of the SEF is withdrawn each year to benefit our current students. As of June 30, 2024, the SJCI Scholarship Endowment Fund was valued at $29,625,977. This reflects a 12.61% increase from the previous fiscal year. Employing a 4.5% spend over a rolling 20-quarter average, the SEF, in combination with The St. Joe’s Fund, funding from Lasallian and other gifts, provides over $3,500,000 annually for financial aid and scholarships. The Board Designated Fund (BDF) is an investment vehicle administered by the Board of Trustees that provides funds, at the Board’s approval and discretion, to ensure that the student body experiences the fullness of our transformational education and that the school continues to operate at the highest level. $0 $5M $10M $15M $20M $25M $30M $35M $40M Financial Aid Board Designated Funds Program Support Student Enrichment Academic Enrichment
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