Letter from the Chair

Dear Cor Jesu Community, As President of the Advisory Board for Cor Jesu Academy, I have loved writing this letter the last few years, reporting record-setting fundraising and market strength that has led to rapid gains in our endowment, outpacing our goals.

This year, I am exceedingly grateful to share that you gave just shy of $1.5 million to our Annual Fund and Endowment—our primary sources of financial aid. In a year when we distributed a record $2.16 million in financial aid, you made a difference! Unfortunately, the market is a less loyal partner. We have felt the wave of this “correction.” We ended the fiscal year (on June 30, 2022) with an endowment valued at $9.88 million. And while I feel it’s necessary to acknowledge that the number dropped by roughly $1 million from June 30, 2021, we remain on track to grow the endowment to roughly $20 million in the next 10 years. Thanks to your generous donations, Cor Jesu continues to thrive. We have an Endowment worth nearly $10 million when 10 years ago, it was valued at $3 million. This last year, we awarded financial aid to half our student body. Thanks to you, we continue to knock down financial barriers and hold open the doors of Cor Jesu Academy for families interested in pursuing a Catholic education for their daughters. On behalf of the Advisory Board, thank you for demonstrating your loyalty year after year, and for being a stabilizing force in the midst of an ever-changing economy. Your generosity—combined with a sound investment strategy and a dedicated faculty, staff and Board—continues to elevate this institution year after year. As you read through the pages of this publication, I invite you to join me in looking back with gratitude, and forward with optimism.

Sincerely,

Tina Burniski Klocke ‘78

Chair, Cor Jesu Academy Advisory Board