Lehman Catholic High School
2400 Saint Marys Avenue
Sidney, OH 45365

P: 937 - 498 - 1161
F: 937 - 492 - 9877
Foundation Endowments

Building Endowment

The Building Endowment was established as a separate fund in 1989, and received the monies contributed to the Lehman Catholic High School Foundation to that date. It is this endowment which mirrors the original intent of the Foundation when it was established in 1973.

The responsibility of helping to raise funds for the Building Endowment is shared by the Foundation Trustees through a nine-member Building Endowment Committee. To insure communication between the committee and the Foundation trustees, the chair of the committee is a member of the Board of Trustees of the Foundation.

The Building Endowment is invested through a local financial institution and the proceeds are used to help fund extraordinary expenses outside of items normally covered by the school's operating budget.

In past years, funds have been used to reconstruct the Soder Observatory and build the sixteen-inch main telescope the observatory houses; to purchase computer hardware for the administrative offices; write a software package for the administrative offices; to extend city water and sewer lines to serve the school; and the removal of asbestos from the ceilings and floors of the original areas of the building’s first floor. As the plaster ceilings containing asbestos are removed, they are replaced with acoustical panel ceilings and new energy efficient lighting is installed.  More recently these monies were used for the exterior restoration project (cleaning, caulking, elastomeric coating) on the 1994 addition of the building; a new hot water heater; and a security alarm system repair.

Projections of revenue requirements for the coming years indicate the Building Endowment needs to grow substantially. The Strategic Plan calls for the endowed principal in the fund to exceed three million dollars to meet the needs of operating the school without raising tuition to levels which would be unaffordable to all but a few.

Contributions to the Building Endowment Fund should be so designated either verbally or in writing at the time the contribution is made.

Faculty Salary Endowment

At one time Catholic schools were staffed entirely by religious and priests. Since these teachers were paid subsistence wages, the financial burden to the school was not great, and many Catholic schools did not charge tuition. As the number of religious declined, the burden of paying salaries increased dramatically. Even so, salaries remained lower than in the public sector.

Today, salaries at Lehman are as much as forty-five percent below what is offered in the public sector at some steps on the salary scale, making the struggle to compete for quality teachers a challenge.
The establishment of the Faculty Salary Endowment was an outgrowth of the strategic planning process, aimed at dealing with several key issues facing the school:  maintaining qualified personnel, maintaining academic excellence, and building financial support to meet the needs of the school, especially faculty salaries.

Projections of revenue requirements over the coming years show that the Faculty Salary Endowment needs to grow to six and half million dollars if we are to reduce the substantial difference in the salaries our teachers currently receive.

Contributions to the Faculty Salary Endowment Fund should be so designated either verbally or in writing at the time the contribution is made.

Scholarship Endowment

Since the school was formed in 1970, members of the community have raised funds to insure that any student desiring to attend the school would be able to do so, regardless of the parents' ability to pay the tuition.

The first year, the Scholarship Committee raised less than two hundred dollars to assist three students with their tuition needs (tuition was one hundred dollars per student in 1970).  Since that humble beginning, the Scholarship Committee has continued to raise funds on an annual basis for tuition assistance.

These scholarships awarded are need-based scholarships. To receive tuition assistance, families must file an application with the School and Student Service for Financial Aid of Princeton, New Jersey. The application is processed, and the school is notified of the amount of tuition assistance the family needs, based upon a number of statistical criteria. The school then notifies the family of the amount of tuition assistance they will receive. The Scholarship Committee was chartered as a not-for-profit corporation in the state of Ohio in 1971 and affiliated with the Lehman Catholic High School Foundation in 1994 in an effort to bring all school endowment funds under one umbrella.

The Scholarship Endowment is invested through the trust department of a local financial institution. The proceeds of the fund are used to help provide the funds the Scholarship Committee raises each year for tuition assistance. Additional funds are raised through an Annual Fund appeal to the local community. Projections of revenue requirements over the coming years show that the Scholarship Endowment needs to grow to at least three million dollars so that we will be able to continue to insure that any student who desires to receive a Catholic high school education will be able to do so.

Contributions to the Scholarship Endowment should be so designated either verbally or in writing at the time the contribution is made to the school.
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