FAQ

The Tyler Catholic School Foundation is governed by a volunteer board of directors chosen for their commitment to Catholic education. Board members are civic, business, volunteer and community leaders who give generously of their time in support of the foundation’s mission.

Yes. The Tyler Catholic School Foundation is recognized by the IRS as a private, nonprofit 501(c)(3) entity. Its structure and governance are separate from that of the schools and Diocese.

It’s not a question of either/or. St. Gregory Cathedral School and Bishop Gorman Catholic School focus on the immediate day-to-day mission of providing an exceptional education, running the business of the schools and maintaining their facilities. The Foundation focuses on the long term, creating permanent endowments which will support the schools forever. Both are worthy causes and both are in need of support.

An endowment is defined as a charitable gift permanently invested for current and future needs. Once created, only a portion of the income of an endowment can be spent each year. The remainder grows so that it always remains a source of support for the purpose for which it was created.

All Foundation assets are combined into an investment pool that is professionally managed by a nationally recognized and trusted financial advisor. Pooling assets for investment purposes insures maximum effectiveness with a minimum of costs. The Investment Committee meets regularly with the professional fund managers to guide investment policies and monitor performance. The Foundation focuses on a long-term strategy to protect and increase assets over time, insuring that gifts made to the Foundation today will return their investment to St. Gregory Cathedral School and Bishop Gorman Catholic School for years and years to come. Since its inception, the Foundation, has accepted donations of approximately $5 million while distributing earnings to the two schools of approximately $4 million.

Each year, according to the Foundation’s spending policy, a portion of the investment returns are designated for distribution to programs and scholarships.

Each year the Grants Committee meets to review funds to be distributed and presents distribution recommendations to the board of directors.

Each year, according to the Foundation’s spending policy, a portion of the investment returns are designated for distribution to programs and scholarships.

TCSF strives to keep its operating budget extremely low. Necessary expenses are paid partly from investment income and partly from special gifts. Gifts designated for operational support are always welcome.