The funds contributed to the “Endowment for Excellence in Education Campaign” are payable to the Rapid City Catholic School System, a non-profit charitable organization, duly organized and authorized under the laws of the State of South Dakota and the Internal Revenue code. All checks may be made payable to the Rapid City Catholic School System (or RCCSS).

The proceeds received from the “Endowment for Excellence in Education Campaign” will be allocated as follows: 75% to a Permanent Endowment, and 25% to a Capital Fund, unless otherwise specified by the donor.

The Rapid City Catholic School System has adopted an investment philosophy for the Permanent Endowment based on preserving capital and maximizing returns, while maintaining proper asset allocation on a continuing basis. The endowment funds initially will be maintained in trust, through the Diocese, with the assistance of the Diocesan Finance Office.

Interest income from the endowment will be used for faculty and staff salaries and benefits, as well as for student tuition and financial aid. The Capital Fund will be used for capital improvements, as well as the future building needs of the Rapid City Catholic School System. The expenses incurred during the Campaign are paid from the campaign receipts.

The St. Elizabeth Seton Central Catholic School Corporation operates as the Rapid City Catholic School System (RCCSS), including St. Elizabeth Seton Elementary and Middle School and St. Thomas More High School.

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