Endowment Fund [EF] Build-up Project.
Project Description and Rationale of an Endowment Fund. The SMS
Endowment Fund Build-up project was initiated to generate an
investment fund, the interest income of which will be used to to
help defray the annual deficit of St. Mary's School,
Sagada. The initial goal is to raise 15 Million Philippine
Pesos [approximately US$ 300,000 at an exchange rate of US$1 =
50 Philippine Pesos], to be invested in relatively high
yielding but safe money market instruments such as government
securities, mutual funds, bonds and stocks. If enough funds were
raised and professionally managed, the endowment fund offers the
best solution to the yearly funding shortfall of SMS's Operating
Budget amounting to over P1,000,000 [or US$20,000]
St. Mary's Scool of Sagada
|Expenses:||Salaries, Benefits Other Supplies||P2,500,000|
|Deficit||P1,080,000 [or about US$20,000 at
an Exchange rate of P50:$1.00
With the facilities and curriculum improvements planned and now being implemented by the new administrators of St. Mary’s School of Sagada [SMSS], the school is confident that it will eventually produce a quality of education coveted by students and parents such that tuition fees will no longer be a major hindrance to the school's enrollment target.
However, in order to attain a self-supporting status through tuition fees, the school may have to limit its enrollment to those who could afford its tuition fees. Based mainly on a purely financial cost-benefit analysis, the resulting tuition fee to acquire such quality education can be relatively steep for most indigenous families in the Philippine Cordilleras.
This will defeat the very reason for the school's existence - to provide affordable quality education to an indigenous people long been categorized as among the poorest of the poor of Philippine society.
Thus, even as the school is fast achieving capacity to become self sufficient, it has to look for ways and means of bridging the gap between the true cost of quality education and a subsidized quality education. It has identified an endowment fund [aside from a scholarship and faculty sponsorship program] as the best means of accomplishing this.
Status. An Endowment - Grants & Aids Committee has been formed to lead and coordinate the Fund Raising Campaign. The nucleus of the committee members comes from Class 1955 who pioneered this project as early as the start of the Save SMS Movement. See
To read more on the early beginnings of the SMS endowment fund project, you are welcome to surf the following updates by Inez K Saley:
The Endowment Committee is currently drafting a brochure which they plan to send to prospective donors.
To make a donation go to the
For other help options, click on any of the