An Undeniable Impact: $9,000,000 and Counting
Since its inception, more than twenty planned gifts have been realized, contributing to a balance of more than $9,000,000 in the Foundation. This reflects donations by generous alumni and friends through various vehicles as well as earnings on the investment.
To date, the Foundation has contributed more than $6,000,000 to the students, faculty and facilities of Mount Carmel. The Foundation’s impact on the school is undeniable and is instrumental in securing a bright future.
Fund the Gap
The primary purpose of the Foundation is to fund the gap between the cost of tuition and the true cost of a Mount Carmel education. By keeping tuition at an affordable level, more families can access the unique learning experience and values of prayer, community and service that Mount Carmel offers its young men. The Foundation also provides funds for facility improvements and other needs throughout campus in order to sustain the growth and mission of Mount Carmel. It is essential to securing our future. Investments made to the Foundation in the form of outright gifts, planned gifts and gifts of stock all ensure a source of funding for the school in perpetuity.
Investing in Mount Carmel
In order to ensure these funds are available in perpetuity, all money donated to the Mount Carmel Educational Foundation is invested in accordance with the strategy set forth by the investment Board of Directors for the Foundation. This group of alumni and friends ensures a percentage of the fund earnings are donated directly to the school, while the principal remains invested.
For more information on the Foundation, please contact Mr. Michael Holland '98 at firstname.lastname@example.org or 773-359-0485.