The Endowment Fund

The USCAF is targeting an endowment fund of $4 million (~ Rs. 30 crores) by the end of 2027. This will enable the fund to donate at least $200,000 (~ Rs. 1.5 crores) annually to St. Columba’s once the fund reaches its target goal. As a US registered non-profit charitable organization , the USCAF is required to distribute at least 5% of its assets annually – with St. Columba’s School being the sole recipient of the funds contributed. Funds will be disbursed to the school’s account at least once a year. Apart from these contributions to the school, the fund anticipates nominal administrative expenses.

The fund is able to accept donations in the form of cash and stock. The USCAF will attempt to liquidate all non-cash donations as soon as they are received.

The USCAF is looking to our Columban alumni to each make a 5-year commitment, with 20% of this commitment sent in each year. The USCAF administrator will send annual reminders out in a timely manner to those who make this commitment.