Foundation History
The Holy Rosary School Endowment Foundation (HRSEF) is a relatively young foundation. It had its origins in 1984, about the time the teaching nuns, then serving Holy Rosary School (HRS), left Idaho Falls. The early Boards of Directors searched for a mission and several avenues were explored, like establishing scholarships. Today’s foundation has both a short-term and a long-term mission. That mission is to eliminate a family’s inability to pay tuition as a roadblock to enrolling their children at Holy Rosary School. It is our long-term mission to help Holy Rosary School become a tuition-free school in the future!
About Us The Holy Rosary School Endowment Foundation was incorporated as an Idaho 501(c)3 Non-Profit Corporation in 1984 to promote Holy Rosary School and its long-term financial security. A primary function of this Foundation has been to build a financial asset base that can provide both short-term and long-term financial assistance, e.g., development of educational programs and the payment of tuition (e.g., contribution to HRS scholarships). Recently, the Foundation has undertaken a more energetic fund-raising effort with the goal to build an asset base that will help Holy Rosary School become a tuition-free school regardless of a family’s ability to pay the costs of a private school education.
Would you please join us on this journey?
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Foundation Assets
HRSEF assets have grown from $578,000 in 2010 to $972,000 on July 31, 2018. These assets are invested with Merrill Lynch (ML) and are managed by a ML Certified Financial Manager (CFM) as per guidelines established by the HRSEF Board of Directors. This asset base has grown over the years because of the generous contributions from many donors, from special estate donations and from earnings and the positive growth in the value of our Merrill Lynch investment portfolio.
Support to Holy Rosary School
We are obligated by current IRS tax law to contribute approximately 3.5% of prior year assets to Holy Rosary School each year. HRSEF will contribute $30,000 in CY 2018 toward the 2018-2019 school year. The Foundation has contributed approximately $195,000 to HRS since 2010.
Donations to HRSEF
There are several opportunities for you to donate to The Foundation and help us strive to make Holy Rosary School tuition-free in the future. Your donation may be eligible for Federal and State Tax Credit.
- Write your check to HRSEF and send it to:
HRSEF
143 9th Street
Idaho Falls, ID 83404. - Participate in the November Annual Fundraiser Campaign.
- Contact a HRSEF Board member to facilitate a donation from your estate.
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Idaho Education Tax Credit
The Idaho Education Tax Credit lets you support Idaho Catholic Schools with dollars you would otherwise pay on your Idaho Income Tax Return. In addition, the normal charitable deduction permits you to deduct the amount of your contribution on your Federal Income Tax Return as well as on your State Income Tax Return if you itemize your deductions.
For more information about this Tax Credit, visit: https://legislature.idaho.gov/statutesrules/idstat/Title63/T63CH30/SECT63-3029A/
- Idaho individuals may take up to 50% of a gift of $1,000 (a tax credit of $500)
- Idaho married couples may take up to 50% of a gift of $2,000 (a tax credit of $1,000)
- Idaho corporations may take up to 50% of a gift of $10,000 (a tax credit of $5,000)
For more information about this Tax Credit, visit: https://legislature.idaho.gov/statutesrules/idstat/Title63/T63CH30/SECT63-3029A/
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Foundation Board Members
Robert Anderl
b_b_anderl@msn.com |
Spencer Brookshier
sbrookshier3@gmail.com |
Gerald Dineen
dinng@Q.com |
Lyle Dolven
lyled@cableone.net |
Kathy Harris
donotwin@gmail.com |
John Lund
jlund@cableone.net |
Jake Murray
jakemurray83@yahoo.com |
Carina VanPelt
cvanpelt@cableone.net |
Fr. Raul Covarrubias
olgraul@hotmail.com |