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Regina Benefits
Funding Priorities
To ensure the long-term financial strength of the school, while also helping to meet annual operational costs, the boards of the Foundation and the Regina Board of Education concur on these funding priorities.
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Teacher Endowment Fund – Quality education comes at the hands of quality educators. Regina teachers make a personal sacrifice to teach at a Catholic school. The teacher endowment fund helps to guarantee a just salary for our dedicated teachers.
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Tuition Assistance Endowment Fund – Currently, 25% of Regina families receive some type of tuition assistance. The Tuition Assistance Endowment fund helps ensure tuition assistance for K-12 students who are in financial need. This fund helps make certain Regina remains a Catholic school where all who choose to attend can regardless of finances.
Annually, on behalf of its generous benefactors, the Regina Foundation contributes about 10% of all operating revenues available to the school. The tables below reflect the $440,160 in funds/gifts raised via the Foundation’s 2011-2012 Annual Appeal; as well as other payments ($503,896), which will benefit Regina in the 2012-2013 school year from previous campaign and endowment-building efforts.
Annual Appeal 2011-2012 - Raised $440,160
| $187,000 |
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Operational Budgets
(Regina and its Foundation) |
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| $ 65,514 |
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Regina Special Projects/Programs
Donor restricted to academics, athletics, and fine arts |
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| $100,000 |
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Technology
40 SMART Boards (all K-12 classrooms now have SMART Boards installed) and updated technology for teachers (13 computers and software) |
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| $ 42,165 |
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Endowments
Endowment enhancements for tuition assistance, teachers‛ salaries, and general operating (annual endowment payouts are into perpetuity)
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| $ 45,481 |
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For Future Use |
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Foundation Payments to Regina in 2011-2012 - $503,896
| $100,000 |
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Classroom Updates |
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| $ 25,000 |
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Faculty Continuing Education |
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| $ 60,000 |
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Regina President & Support Staff |
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| $ 25,000 |
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Regina General Operating |
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| $ 51,791 |
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Regina Technology |
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$ 76,281
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Regina General Endowment
Interest Income Payout |
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$ 83,712
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Tuition Assistance Endowment
Interest Income Payout |
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$ 19,440
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Teacher Salary Endowment
Interest Income Payout |
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$ 13,400
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Tuition Assistance Scholarships
Interest Income Payouts from Named Endowed Scholarships |
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$ 49,272
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Special Projects & Programs (donor restricted)
$ 3,375 Athletics
$12,900 Margaret Collins Trust/Tuition Assistance
$15,899 Classroom/Curriculum
$11,110 Fine Arts
$ 5,408 Special Events
$ 580 Miscellaneous |
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2140
Rochester Ave PO Box 1581
Iowa City, IA 52244-1581
Phone: 319.354.5866 Fax: 319.354.1911
email: info@icreginafoundation.com |
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