Campaign reaches $50milllion goal!!!
Campaign Newsletter (requires viewer - click here to obtain)
St. Mark’s launches $40 million Campaign in February 1999
Restricted and Unrestricted Gifts
St. Mark’s launches $40
million Campaign in February 1999
What a Difference a Day
Can Make" was the theme on February 3, 1999, when St. Mark’s
School of Texas launched The Campaign for St. Mark’s, the
most ambitious fundraising effort in the school’s history.
The Campaign Kickoff was highlighted by a campus-wide celebration
for over 1,000 students, faculty, parents, alumni and friends,
and a Gala Dinner later that evening for Campaign donors, volunteers
and Trustees hosted by Campaign Co-Chairs and current parents
Joyce and Larry Lacerte. Enthusiasm filled the air throughout
the day as members of the St. Mark’s family gathered to celebrate
this historic occasion.
Over 300 alumni, parents and friends attended the Kickoff Gala Dinner where Campaign Executive Committee Co-Chair, Robert Sinclair ’74, announced that more than $30 million had already been committed toward the $40 million Campaign goal. Mr. Sinclair joined three other Campaign leaders at the podium including General Campaign Chair H. Ross Perot, Jr. ’77, Board of Trustees President, Allen E. Cullum ’64, and Headmaster Arnold Holtberg.
Almost three years in the planning, The Campaign for St. Mark’s is truly a comprehensive and broad-based effort. The $40 million goal targets needs in just about every area of the school – from increased resources for faculty support and student financial aid to several key campus improvements. "During the course of this Campaign, we plan to add more than $26 million to our endowment which today stands at just over $69 million," said Mr. Sinclair. "And, while this is certainly not a facilities Campaign, we do plan to complete several important campus projects including a new Athletic Center, a new Fitness Center, a new Administration/Classroom Building, and the restoration of Wirt Davis Hall."
Mr. Sinclair went on to say, "More than anything else, however, this Campaign is about the faculty and the students. It’s about making sure that St. Mark’s is a stronger, more dynamic institution as we move into the 21st century. All of us sitting here tonight have benefited in some measure by the profound leadership, vision and generosity of the school’s early founders including Eugene McDermott, Cecil Green, and Ralph Rogers, among others. These Dallas leaders understood how important a school like St. Mark’s would be to Dallas and thus went about putting in place the strong foundation that we all stand on today. Now it’s our turn to make a difference."
Campaign Policies
All new gifts and pledges
made during the five-year period commencing on July 1, 1996 will
be credited to the Campaign. Pledges to the Campaign may be funded
over a period of years determined by the donor, preferably within
five years from the original date of the pledge. If a donor wishes
to extend a pledge beyond the five-year period or make irregular
payments, they should contact the Campaign Office at (214) 346-8800.
The Campaign for St. Mark’s will include outright gifts for designated programs or facilities, realized bequests, life income trusts and other deferred gifts, and all Annual Giving contributions.
In-kind contributions such as real estate will be credited to the Campaign based upon the appraised value of the gift at the time it is made, as long as there are no restrictions regarding the liquidation of the gift. Donors who are 70 years of age or older may receive Campaign credit for confirmed outright bequest provisions. Full credit will be given unless there is an intervening beneficiary, in which case Campaign credit will be discounted. Full Campaign credit will also be given for all charitable remainder gifts such as life income trusts and annuities. If the trust has an income beneficiary under 50 years of age, credit will be given at a discounted rate.
During the course of the Campaign, alumni, parents and friends will be asked to continue supporting the Annual Giving program at an increasing rate, and to consider additional gifts for endowment or other purposes of the Campaign.
Restricted and Unrestricted
Gifts
Unrestricted gifts in
support of the endowment place no limitations on the use of the
income from the funds. Such income will be used to meet the schools
most pressing needs, as determined by the Administration and Board
of Trustees on an annual basis. Unrestricted gifts provide the
greatest flexibility to the school. Gifts of $10,000 or more enable
a donor to establish an unrestricted named endowment fund. Unrestricted
named funds can be named in honor of the donor, however the income
from these funds cannot be designated by the donor. The income
from these funds will be used by the school to address strategic
needs that may change from year to year, as determined by the
Administration and Board of Trustees.
Restricted gifts in support of the endowment designate the use of the income for a specific purpose such as student financial aid, faculty support, or a particular academic or extracurricular program. Gifts of $25,000 or more enable a donor to establish a restricted named endowment fund. Restricted named funds can be named in honor of the donor and the income from these funds can be designated by the donor to support a specific purpose.
Gifts For Facilities
Gifts for facilities may be
designated for a new building or a specific space within a building. There
are many naming opportunities in the new facilities as well as possible
options for naming spaces within existing campus facilities. Minimum gifts
amounts for naming may vary from building to building. A list of specific
naming opportunities is available by contacting the Campaign Office.
Gifts For Current Use
Gifts for current use may be restricted for
specific purpose or may be completely unrestricted. No minimum gift amount
is required. Annual Giving combines the strength and tradition of our two
most important ongoing fundraising efforts � the Annual Fund and the
Alumni Endowment Fund. Annual Fund efforts will continue to seek
unrestricted current use gifts to support faculty salaries and academic
programs. The Alumni Endowment Fund will continue to seek gifts to support
class based endowment funds. When cumulative gifts exceed $100,000 for an
individual alumni class, that class can name and restrict the fund such as
the Class of �73 Scholarship Fund.
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