A Message from Lourdes Foundation

President, KC Reed

First and foremost: WOW; the Fish Fry was a sellout. Thank you, everyone, for participating!

The question was recently asked, what is the Lourdes Foundation and what do we do? Lourdes Foundation Inc. was formed in 1974 as Lourdes Development Fund, changing its name a few years ago. The Lourdes Foundation is governed by bylaws, is a tax exempt organization under the laws of Minnesota and has a governing board of 11-14 members with total assets of $10.5 million. The Lourdes Foundation is monitored by an area accounting firm and audited by a separate accounting firm to ensure that the funds are properly tracked and that Board decisions are in line with the generally accepted accounting principles.

The Lourdes Foundation was established as an endowment fund to raise money by seeking contributions and holding fundraisers to provide tuition support for students attending Lourdes High School.

The gifts the Lourdes Foundation receives are invested with Demarche Investment. Through growth of the investments made, 5% of those dollars are contributed yearly to scholarships for RCS students across the system. Contributions to the Lourdes Foundation are made by alumni, families, friends, sisters, priests, teachers, and businesses. We are grateful to the many community members who remember the Foundation in their bequests.

While we are extremely proud of what we have been able to do for RCS families, we can always do more, and we need your help!

If you or your family are interested in donating to the Foundation or establishing a scholarship, please don’t hesitate to contact me at 507.424.1817 or kcreed@rcsmn.org

KC Reed President Lourdes Foundation

Newly Awarded Scholarships for 2022-23 School Year

Fitzgerald Family Scholarship

Virginia Jensen Scholarship

Adam Lentz '11 Memorial Scholarship

Reed and Melissa Leonard Scholarship Honoring

Barb Plenge

Barb Plenge Scholarship

Newly Established Scholarships

During 2022-23 school year

Class of 1972 Scholarship

Myron Glass Memorial Scholarship*

Bishop Harrington Scholarship

Robert Haggerty Scholarship

Glenn A. Anderson/ Margaret H. Anderson Scholarship

Lourdes High School Theater Endowment

*Not yet awardable

Lourdes Foundation Endowment

Provides Endowment Total: $10.5 million Tuition Assistance

$ Provided by Lourdes Foundation: $342,465

Total Scholarships

Awarded: 138 Awards: 200 Student

Recipients: 88 in the 2022-23 school year