OPPORTUNITIES IN SUPPORT OF ST. JOHN’S COLLEGE ALUMNI ASSOCIATION Many opportunities are available to share God’s grace and blessings and to support your Alumni Association. First and foremost, we ask for your prayers as we endeavor to carry out our Lord’s Great Commission by giving financial aid to those students attending Synodical schools. Secondly, we ask for your financial support. The Association can continue to exist only with the generous donations of alumni and friends of St. John’s College. “Hail, St. John’s College, Hail!”
In addition to prayer, there are five (5) ways one can support the St. John’s College Alumni Association. There is a Scholarship Endowment, an Operational Endowment, Life and Annual Memberships in the Association, and an Annual Fund. In addition, donors can direct funds to the Association through Thrivent Choice Dollars. The following is a detailed explanation of each of these options: Scholarship Endowment: Funds contributed to this endowment are invested by our investment counselors at Community National Bank & Trust of Winfield, KS. These investments provide earnings, and these earnings are awarded as financial aid to students who can trace their direct lineage to an individual who has attended St. John’s Academy or College, or someone who was a part of the faculty and staff of St. John’s. Since 1965, the Association has made awards totaling $1,485,736, which includes the academic year 2022-2023. Depending on the number of students who apply and the earnings of the Scholarship Endowment, the average amount of financial aid provided to each student will vary from $500 to $1,000 per year. As of January 31, 2023, the market value of this endowment is $1,897,112, up some 202% since June 30, 2006, and this includes $500,000 invested with LCEF. Operational Endowment: Funds contributed to this endowment are also invested by our investment counselors at Community National Bank & Trust of Winfield, KS. These investments provide earnings, and these earnings are used to fund the day-to-day operations of the Association. That is, these funds help pay for the utilities, the insurance premiums, the printing of the The Reporter, staff salaries, and other day-to-day operational expenses. The current market value of this endowment is $976,590, up some 155% from June 30, 2006, and this includes $250,000 invested with the LCEF. Before the market plunge, the earnings of this endowment pretty much took care of the operational expenses, when added to a few contributions for operational expenses. But since that time, the earnings have nearly been cut in half and provide only about one-third of the amount needed for operations. Life Memberships and Annual Memberships in the Association: These are funds contributed by alumni and friends who believe in the work of the Association. A Life Membership is a one-time contribution to the Association in the amount of $100. These funds are added to the Operational Endowment, and the earnings support the daily operations of the Association. Being a Life Member allows one to vote in the election for members of the Board of Directors, who establish policy for the Association. Currently, there are 615 active Life Members. Some choose to be an Annual Member of the Association, and they also get to vote in the elections for the Board of Directors. The fee for being an Annual Member is $25 per year. These funds go directly into the operational income of the Association. Last year, there were six individuals who paid the Annual Membership fee. Thrivent Choice Dollars: Thrivent Financial has a grant program called Thrivent Choice Dollars. Through this program, eligible members can designate Choice Dollars based on their insurance premiums, contract values, and Thrivent Financial volunteer leadership. If you are eligible, you can call 1-800-847-4836, and when prompted, say “Thrivent Choice” and a representative will help you direct your Choice Dollars. Or you can log on to www.thrivent.com/thriventchoice. After logging on, just search for “St Johns College Alumni Association” in the city of “Winfield” and then follow directions. These dollars go to help with the day-to-day expenses of the Association. Annual Fund: The final component of funding for the Alumni Association is the Annual Fund. The Board of Directors established this Annual Fund during the 2007-2008 fiscal year. Prior to this time, the earnings of the Operational Endowment were sufficient to sustain the day-to-day operations of the Association. This Annual Fund solicits funds, which fund the daily operations of the Association. Each year, the Board of Directors approves an annual budget. Estimates of expenditures are established, and the estimated income from the Operational Endowment and other sources is established. The difference between the budgeted expenditures and estimated income is the goal which is needed to be raised in order not to tap into the principal of the Operational Endowment. This goal is achieved through four mailings per year (one each quarter). The Board of Directors, at its November meeting, sets the goal for the Annual Fund. The Annual Fund Goal for FY 2022-2023 is $42,015, and as of February 1, 2023, the Annual Fund stands at $13,499, or 32.1% of its goal. Gifts may be given to the Association by using the gift form that may be printed and mailed to us.