John P. Foley, SJ Legacy Fund
The John P. Foley, S.J. Legacy Fund is a traditional endowment that will sustain the long-term quality and vitality of the Cristo Rey Network national office to ensure the future of this transformative mission. The income generated by the Fund allows the Cristo Rey Network to provide innovative programming now and in the future that responds to the changing needs of our schools in each focus area:
Academic Excellence: Increasing academic achievement and college readiness of all students
Corporate Work Study Program: Strengthening school financial
sustainability and ensuring student workers’ career readiness skills
College Initiatives: Bolstering college-going cultures and postsecondary
resources to increase college match, access, persistence, and completion
Growth: Provide educational access to more students by opening new
schools and expanding enrollment at existing schools
How does the Fund work?
Contributions are received by gift and/or bequest. The principal remains intact and earns income, which is used to achieve the Cristo Rey Network’s mission. Donors are able to sustain the movement, while benefiting from tax advantages. The Fund is held separately, invested prudently, and audited annually.
How may I give?
We encourage you to support the John P. Foley, SJ Legacy Fund with outright current gifts of cash or assets such as stock or real estate. As a result, you can witness the beneficial use of your gift at work for Cristo Rey students.
You may also want to plan a gift to add to the Fund through one of many different types of *planned gifts that may defer your donation to a later time or until your passing. Here are just a few:
- Will bequests
- Beneficiary Designation gifts (annuity, trust, IRA)
- Life Insurance gifts
*Consultation with a competent financial professional is strongly encouraged when making planned giving arrangements.
Why might I give?
Your investment in the John P. Foley, S.J. Legacy Fund may be gifted for many reasons, including to:
- support a transformational education experience at Cristo Rey schools
- honor Fr. Foley, a loved one, or mentor
- say thank you for a quality education
- leave your philanthropic legacy
- fulfill your personal philanthropic goals while accessing Income Tax, Estate Tax, and Capital Gains Tax benefits
Who will administer the Fund?
The Cristo Rey Network Board of Directors’ Finance and Advancement Committees will administer the Fund according to the investment policy. A third party professional investment manager may be engaged upon committee recommendation.
About John P. Foley, SJ
Chair Emeritus and Chief Mission Officer John P. Foley, S.J. has led the start-up and growth of the Cristo Rey movement over the last 25 years, from a single school in Chicago to a national growing network. Fr. Foley’s inspirational leadership and tireless charisma have inspired the collective involvement of our entire Network. His visionary courage in dreaming the impossible and shaping it into reality is helping to expand access to Catholic education and changing the life trajectories of thousands of students who would not otherwise have access to a career focused, college preparatory education.