Foundation
The McGill-Toolen Foundation was first established in 1978, It began as an organization dedicated to the promotion of alumni support for the McGill-Toolen Catholic High School and to the creation of a diocesan office for the organized solicitation of funds. Under the original Foundation, the Catholic High Schools Alumni Association (CHSAAM) was formed and the annual fund solicitation program began. In 1996, with the authorization of Archbishop Oscar H. Lipscomb, the McGill-Toolen Foundation was reconstituted for the purpose of addressing the need for stable, long term financial support for the school. The Foundation's endowment reached $1,000,000 in 1997 and has continued to grow in value through prudent investment of the endowment corpus in publicly traded sticks, bonds and mutual funds, planned giving contributions, and the annual receipt of a share of monies collected by the Annual Fund. Since its inception, the endowment has contributed more than $1,000,000 to the High School operational budget and special projects.
The mission of the McGill-Toolen Foundation is to secure the financial stability of McGill-Toolen Catholic High School, and so ensure that no child is denied a Catholic high school education due to financial constraints. To effectively assist the McGill-Toolen Catholic High School in maintaining affordable tuition rates, the Foundation has targeted three non-tuition revenue sources as priorities:
Scholarships-Every Child Deserves A Catholic Education
- Foundation Scholarships
- St. Augustine Scholarships
- Lipscomb Legacy Society
- Memorial Gifts
- Light of Life Memorial Campaign