Message from the Chair of the SJA Foundation Board
The SJA Foundation received more than $956,842 in total donations this past fiscal year, thanks to donor support for our Annual Fund campaign and the funding of permanently restricted scholarship funds of more than $121,776. Our yearend fund balance totaled nearly $9 million. Foundation funds provided for tuition assistance, facility improvements and other needs of our school.
For the SJA Foundation, 2018-2019 was a year of great success and celebration. The SJA Foundation’s purpose is to ensure the permanence and viability of the Academy and to preserve and grow the school’s assets for future generations. It is through the hard work of our Mission Advancement staff, generous donations of our many SJA supporters and effective investment and stewardship of Foundation resources that our mission was furthered this year.
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Funding permanently restricted scholarships is one of the best ways to ensure that a quality SJA education is accessible to as many young women as possible. We could not be more thankful for, or more humbled by, the continued significant support of our donor community. This year, the Foundation contributed $345,863 towards tuition assistance for 137 students; $190,731 in funds for facility improvements; $12,631 in awards; and total support of more than $804,273. These distributions to SJA were somewhat offset by investment growth of more than $370,000 during our fiscal year, in spite of the material market correction which occurred late in 2018.
Once again this year, we witnessed God’s blessings through the incredible financial support of our donor community. Those who donated to the SJA Foundation, regardless of size of gift, contributed to the permanence and viability of our Academy. We on the Board sincerely appreciate the contributions of so many and pledge that we will continue to be good stewards of your generosity and blessings. Sincerely,
Kevin Knobloch 2018-2019 SJA Foundation Board Chair