The INCA Endowed Fund began two years ago, as a way of beginning a focused effort to plan for the school’s financial future. When money is given to the Endowed Fund, it is invested by the GCRCF. The gift remains intact; the interest, up to 5%, is available for the school’s needs. For example: a $1,000,000 endowment would mean about $50,000 annually in funds for the school. We anticipate that the Endowed Fund will be built primarily through planned giving.

 

A second fun, called The Founders Endowed Scholarship Program (“The Founders’ Fund”) was announced at the 20^th Anniversary Gala in April, 2008. Money from this endowed fund is specifically earmarked for scholarships. This fund will be built not only through planned giving, but through regular donations from various fundraisers. For instance, we announced that 10% of the net proceeds of the 20^th Anniversary Gala would be put into the Founders’ Fund; that translated to about an $8,000 gift to the fund.

 

Why is a robust scholarship fund a priority? We envision a day when State-mandated teachings and practices may cause us to forfeit our State accreditation, if they deviate from sound Biblical principles. When this happens, the financial loss to the school through the elimination of matching funds, STO funds, and other funding will be significant. We want to grow this fund so that we can joyfully operate the school without government interference if necessary.

 

If you would like more information on either of these funds, please contact Kathryne Oates, Director of Development and Community Relations, at 362-9512.