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Ursuline Foundation

The Ursuline Academy of Dallas Foundation, Inc., was incorporated in October 1998 as a separate 501(c)(3) organization for major gift and endowed fundraising and investment management. Its mission is to ensure a financially strong future for Ursuline Academy of Dallas through effective asset management and growth in endowments.

Asset Management

The investment objectives for management of endowed funds are to produce current income to support the programs of Ursuline Academy and to achieve growth of both the principal value and income over time.

The target rate of return on investment will be influenced by endowment distribution policy and an acceptable level of risk. Currently, the Foundation has adopted an investment strategy to target a real rate of return (in excess of inflation) of five percent (5%) over an investment time horizon of at least 10 years. Due to market volatility, results may vary.

The Foundation utilizes a professional asset management firm to help guide investment decisions.

Distribution Policy

The Ursuline Academy of Dallas Foundation, Inc., Board of Trustees is responsible for ensuring that the distribution of endowment earnings is allocated in accordance with the restriction of each endowment fund. Annual distributions from endowment funds are calculated based on five percent (5%) of a three-year rolling average of the balance.

John P. Flavin Endowed Scholarship Society

The John P. Flavin Endowed Scholarship Society has been established to honor all donors who have given named endowed scholarships to Ursuline. Mr. Flavin, a strong believer in Catholic education and a major donor to Ursuline, notified the Academy of his bequest to ensure his annual scholarship awards can continue in perpetuity

St. Angela Endowed Faculty Society

The St. Angela Endowed Faculty Society recognizes named endowed gift donors to the Ursuline Faculty Endowment. Gifts to the Ursuline Faculty Endowment provide long-term support for recruitment and retention of excellent faculty, competitive faculty compensation, research activities, visiting scholars, and professional development.

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Foundation Board of Trustees 2017-18

Fred Herman, Chair
Kara Sherman Gehan '85, Vice Chair
Wade Vaché, Secretary
Sr. Mary Beisiegel
Helaine Blizzard
Kelly Hanratty Butler '95
Sr. Louis Marie Carter, O.S.U.
Bret Eckert
Gary Horton
Gregory Land
Kip Kernodle
Jon Piot
Jessica Gates Whitsitt '02
Scott Wood

Ex-Officio Members

Gretchen Z. Kane, President
Andrea Shurley, Principal
Sr. Lois Castillon, O.S.U, Prioress
Sr. Madonna O’Hara, Director of Sponsorship for the Central Province
Catherine Baetz Maurer '98, Chief Development Officer