"We must help empower all parents, regardless of their socio-economic status, to make the best decisions when it comes to the education of their children. Catholic schools serve a strong and vital option in the spectrum of educational opportunities. We need to ensure that these schools are available and affordable for our families.”
–Most Reverend Nicholas DiMarzio, Ph.D., D.D., Bishop of Brooklyn

To ensure that an excellent Catholic education continues to be a viable option for deserving students the Diocese of Brooklyn embarked on a historic endeavor to assess its ability to establish a $100,000,000 endowment. As a result of an enthusiastic receptivity to the proposed initiative, The Futures in Education Endowment Fund for Brooklyn and Queens was established to assist these students and schools and to help ensure that the gift of Catholic education is preserved and handed down to the future.

The Futures in Education Endowment Fund for Brooklyn and Queens is a separate 501(c)3 organization and operates with an independent Board of Directors to provide leadership and fiduciary responsibility for the Endowment effort.

Income earned through the investments of the endowment will be used for the following needs:

	Scholarships & Tuition Assistance Programmatic Support Capital Repairs % Deferred Maintenance
	*100% of FIEEF’s operating expenses are paid by the Board of Directors, allowing every dollar raised to go directly to student scholarships and program support.

1.  Scholarships and tuition assistance

• Partial scholarships
• Full scholarships

2.  Programmatic Support

• Maintaining up-to-date curriculum
• Enhancing teacher training
• Providing state-of-the art technology
• Supporting programs cut from the budget, including Music, Art and Gym

3.  Capital Repairs and Deferred Maintenance

• Based on safety

We have an obligation to do good things with what we are given – to multiply our gifts – in short, to be good stewards. An expression of stewardship is our willingness to provide for those who will come after us. An endowment is an ideal way to do that.

The concept of an endowment is simple. Monies are placed in a fund and invested to generate income on an ongoing basis. The original investment, or principal, remains untouched, with only the income earned each year allocated to address the stated needs. This ensures the availability of funding long into the future. Once established, an endowment can also serve as a channel for future giving. For many years, universities and other civic institutions have used endowment funds for important, reliable means of supplementing their annual operating funds.

The Futures in Education Endowment Fund will offer such an opportunity. By placing the funds raised in an endowment, we ensure that gifts made once continue to give forever.

This endowment will:

1. Provide secure and perpetual funding through grants for ongoing and special needs.
2. Generate income that will be used to address needs in the areas outlined. The principal of the endowment will not be touched.
3. Grow with the addition of future contributions through trusts, estates and cash donations, and through the reinvestment of a portion of earned income.
4. Be managed by professional investment counselors chosen by the Futures in Education Endowment Fund Board of Trustees.

The benefits of an endowment to a donor include:

1. Perpetuity: the gift continues forever – only the income is distributed, maximizing the impact of your contribution.
2. Public Accountability: timely reporting and audits guarantee disclosure of all endowment administration and investment activities.