Creating a Named Endowment Fund is one of the easier ways to make a significant, positive, and permanent impact on the SJP students of today and tomorrow. A Named Fund is a permanent endowment (the principal is never spent) of $25,000 or more, and the donor is given the honor of naming the fund. The fund can be established with a pledge and then completed with payments over a period of time or with proceeds from an estate. Company matching gift programs can also be used to help complete a fund.

Named Endowment Funds can be created with cash, gifts of stock or other real property, real estate, assets from an IRA, 401 (k), or insurance policy, testamentary gifts, beneficiary designations, trusts, or almost any kind of asset. A Named Fund can be created now and funded later with proceeds from an estate.

There are currently sixty-two (62) permanent, named funds already established at the Prep School. Earnings from these funds are used for scholarships and other donor-directed purposes. Listed here are just a few examples of permanent legacies already established at the Prep School:

The Mary Smith Scholarship for Girls

Current value of $122,578; created by Julius Smith Õ48 and added to by some of his children. This scholarship honors and remembers JulesÕ beloved wife while providing need-based scholarships to girls in the SJP residence program. Jules and Mary both served as SJP Regents in the 1970s and 1980s. Jules was SJPÕs first Armor of Light honoree.

The SJP Alumni/ae Association Scholarships

The SJP Alumni/ae Association established a fund that totals $223,031 with a yield of $9,125 benefiting children of alumni/ae who are enrolled at the Prep School.

The Carl Dorenkemper Ô25 Bequest

Carl Dorenkemper, a distinguished alumnus and Armor of Light Honoree, provided a $219,000 bequest to the school. The gift helped provide new windows and a new roof.

The Fr. Germain Loeber, OSB Scholarship

A group of alums from the late 1950s and early 1960s, chaired by John Hoffman Õ58, established this fund that has a current value of $34,431. A scholarship of $1,455 was provided to a student currently enrolled. Its purpose is to honor and remember Fr. Germain who was a major influence in the lives of dozens of Prep School alumni.

The McDowall Family Scholarship

Started by George & Betty McDowall and added to by other family members, the fund has a total value of $61,171 and yielded $2,579 last year for scholarships.

Anonymous $100,000 Scholarship

Legacies can be established anonymously, as this one was. The initial gift was made with appreciated stock, giving the donors several tax advantages.

Your Name or Fund Here

What will you do to establish a legacy at the Prep School? It doesnÕt take a large amount of money and it might save you considerable income and estate taxes.

Fact

The Prep School depends on income from its endowment for need-based scholarships and for other donor-designated purposes. Our endowment must grow so that talented and motivated students will continue to be inspired to great achievements at SJP.

Endowed Scholarships & Permanent Funds

These funds exist for the benefit of present and future students. Thank you to everyone who has contributed their gift to the school. You have helped make a difference in th elives of our young scholars.

Total Endowment Market Value

Date	Value
June 30, 1996:	$3,007,697
June 30, 1997	$3,548,354
June 30, 1998	$4,128,000
June 30, 1999	$6,149,652
June 30, 2000	$6,130,438
June 30, 2001	$6,257,609
June 30, 2002	$6,148,872

Current Scholarships and Permanent Funds

• The Charles & Elora Alliss Educational Foundation Scholarship
• The Fr. Thomas Andert, OSB '65 Scholarship
• The Norman Bourestom Family Scholarship
• The Frank T. & Alice Brown Scholarship
• The Donovan & Mary Christopherson Scholarship
• The Residents of Cold Spring, MN Scholarship
• The Harold & Helen Cumming Scholarship
• The Joseph J. & Dorothy A. DeBevec Scholarship
• The Leonard DeChene Scholarship
• The Eugene & Kathleen Delaune II Scholarship
• The Judge Edward Devitt '30 Scholarship
• The Michael & Mary Donahue '50 Scholarship
• The Nicholas Doub, OSB Scholarship
• The Steven Dudley Memorial Scholarship
• The Peter Froehle Science Fund
• The James & Carol Hamlin Family Scholarship
• The Frank & John Hanrahan Scholarship
• The Andy & Carol Hilger "Johnnies For Life' Scholarship
• The Fr. John Kaiser '51 Scholarship
• The Fr. John L. Kaiser '51 Award
• The Dr. Severin & Ruth Koop Scholarship
• The Al & Jean Leighton Family Scholarship
• The Fr. Germain Loeber, OSB Scholarship
• The Francis '22 & Geraldine Marrin Scholarship
• The McDowall Family Scholarship
• The William & Leona Meinz Scholarship
• The Florence Meyers Melk Program Scholarship
• The George A. Meyers Family Fund for Capital Expansion
• The Dr. W.E. & Caroline Niebauer Fund
• The Thomas O'Brien Scholarship
• The Casey T. Albert O'Neil Scholarship
• The Prep World Scholarship honoring Fr. Eric Buermann, OSB '37
• The Brother Kelly Ryan, OSB Scholarship
• The Saint John's Abbey Scholarship
• The Saint John's Preparatory School Alumni/ae Association Scholarship
• The Saint John's Preparatory School Class of 1942 Scholarship
• The Saint John's Preparatory School Class of 1943 Scholarship
• The Saint John's Preparatory School Class of 1973 Memorial Scholarship
• The Donald & Rosemary Scott Family Scholarship
• The Brother Sean, OSB Challenge Grant Scholarship
• The Mary Smith Scholarship for Girls
• The Paul Stannard Memorial Scholarship
• The Father Alan Steichen, OSB Memorial Scholarship
• The Caroline & DeWitt VanEvera Scholarship
• The Michael & Elizabeth Wiehoff Scholarship
• The Fr. Arnold Weber, OSB '44 Scholarship
• The Fr. Otto Weber, OSB '52 Memorial Scholarship
• The Zappco Scholarship