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Lafayette Area Catholic Schools Foundation
The Lafayette Area Catholic Schools Foundation (LACS) was formed in 1976 to establish a means whereby the Lafayette Catholic School System could be assured of a solid source of income. It has worked to guarantee a firm support base which has continued to grow each year. The funds in the Foundation do not lie dormant, but rather, they are constantly returning their gained income to the Foundation and ultimately aiding in the support of our schools.
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At least 100% of the LACS yearly income is distributed to the Lafayette Catholic
School System to fund their operational budget. To date, more than $1,397,900 has been paid out by the Foundation to the Lafayette Catholic School System. The Foundation has worked long and hard to succeed and has demonstrated its responsibility to the future of Catholic education in Lafayette.
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FOUNDATION MEMBERSHIP
A single donation to the Lafayette Area Catholic Schools Foundation enables you
to become a member of the Foundation. If you have ever donated to the Foundation,
you are a Foundation member!
DESIGNATING A GIFT
GENERAL FUND
The principal of the General Fund remains intact and the interest each year is used
to fund the LCSS operational budget on a monthly basis. Over $1,397,900 has
been paid out to the LCSS since the Foundation's inception.
TEACHER SALARY ENDOWMENT
The Teacher Salary Endowment was established to help maintain and improve our teachers'
salaries. The principal of the fund remains intact. The goal is to compensate
the teachers who lovingly contribute to our children's formation and to decrease
the gap between public school teacher salaries and LCSS teacher salaries.
Last year over $12,292 in contributions were made to help to fund this endowment.
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