1.

What is the purpose of this Endowment Fund?

The Class of "61” Endowment Fund was created to provide scholarships for young Christian students desiring to attend St. Francis, but needing financial assistance.

2.

How did this idea come about?

Class of "61” members sitting on the SFHS Alumni Scholarship Committee found it hauntingly difficult to choose only one candidate from several deserving and needy candidates.  And thus was born the idea that the Class of "61” (founding Alumni group) could create a perpetual funding mechanism to provide needed scholarships.

3.

Who will hold the endowment money?

We have chosen The DuPage Community Foundation.

4.

What is the DuPage Community Foundation (DCF)?

The DuPage Community Foundation (DCF) is an independent Not-For-Profit (501c3) organization designed specifically to accept, invest and redistribute gifted monies, as directed by a "Deed of Gift”, for organizations like the SFHS Class of "61” Endowment Fund.

Information on the DuPage Community Foundation (DCF) can be found on their website, www.dcfdn.org.

5.

Who will manage the Endowment Fund?

The DCF has three independent managers managing different segments of the entire Fund.  Information can be found at  www.dcfdn.org.  The Board of Directors of the DCF has full control over the selection and retention of its money managers.

6.

Who will determine the individuals receiving the financial aid?

The Class of ’61 will follow the present process now used by St. Francis to determine financial need.  This process (available by request) used by the school’s Financial Aid Committee will determine candidates who are then forwarded to the Scholarship Committee of the Alumni Association.  The Alumni Committee will, in turn, meet with Class of ’61 representatives to assist in the determination of scholarship awards.  The Scholarship Committee of the SFHS Alumni Association will determine awards should no Class of ‘61’ representatives be available.

7.

What are the criteria for determining the needy student?

Financial need, in addition to academic record, in-service participation and letters of recommendation.

8.

How do I go about making my contribution?

The process of making a gift/donation to the SHFS Class of "61” Endowment Fund is as follows:

Checks can be made payable to:

DCF – St. Francis "61” Scholarship Fund

OR

DCF / SFHS 61 Scholarship Fund

And Sent To:

The DuPage Community Foundation

104 East Roosevelt Road, Suite 204

Wheaton, Illinois  60187-5267

Credit Cards can be used by going to the DCF web site at www.dcfdn.organd selecting the DONATE NOW button on the main page.

9.

Can I contribute other than cash to the fund?

Yes, other forms of gifts can be donated for the purpose of The Class of "61” Scholarship Fund by contacting David McGowan at (630) 665-5556.

10.

Answers to additional questions regarding contributions.

1. There is no minimum contribution.
   
   
2. You may make a single or multiple contribution at any time.
   
   
3. You can make anonymous contributions by following instructions as noted in #2 above, specifying to the DCF that you wish your contribution to remain anonymous.
   
   
4. You can make a Tribute Gift or a Memorial Gift, if you choose.

IMPORTANT NOTE:  Do not forget matching gifts from employers or other organizations can enhance your gift.

11.

Can the endowment fund be used for projects other than scholarships?

The "Deed of Gift” (copy attached) specifies the Fund to be used exclusively for scholarships and no other use.  No one but The Class of "61”, or its successors, can alter the "Deed of Gift”.  Should St. Francis cease to exist in future years, the funds held by the DCF can be redirected by the Class of "61” or its successors for the purpose of Catholic education.

12.

Can I become a member of the endowment committee?

Absolutely !!!  Contact anyone of the attached Committee list.

13.

If I have further questions regarding the Endowment Fund, who can I call?

Feel free to contact any member of the "Class of ’61 Endowment Fund Committee”.