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 on a quarterly basis. Apart from these quarterly contributions to the school, the fund anticipates nominal administrative expenses. CPA certified financials will be posted on this website on an annual basis.

The fund is able to accept donations in the form of cash and stock. The USCAF will attempt to liquidate all non-cash. Please note that Stock donors will receive receipts that reflect the value of their donations at the price of the equities at the close of trading on the day the transfer of the equities is completed. The USCAF has no control over the speed of transfer of these securities between financial institutions as it is dependent not only on the day of the week that the transfer is initiated, but also on the timing of the transaction between the donor’s brokerage and Charles Schwab.

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.