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Foundation

 
 
 
 

McGill-Toolen Foundation

Contributing to our Children's Tomorrow

 

 

Executive Director of the Foundation

Mrs. Jenna Wood

 

 

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 of Mobile (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 stocks, 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 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  

Scholarships are one of the main priorities of the McGill-Toolen Foundation to ensure that every child is afforded access to a McGill-Toolen Catholic education.  Scholarships allow more students, roughly 25% of our student population, the opportunity to attend McGill-Toolen Catholic High School.  Currently, 30 named scholarships have been established at McGill-Toolen Catholic High School awarding approximately $60,000 a year to deserving students. 

 

There are three ways to contribute to our scholarship program:

 

                           Endowed Scholarships

Endowed Scholarships funds are permanently invested in the McGill-Toolen Foundation and the investment income is used to fund one or more scholarships with a minimum donation of $50,000.  The benefactor of an endowed scholarship has the opportunity to name their scholarship in memory or in honor of their loved one.  The benefactor also determines the student criteria for the selection process.  Once the scholarship is fully funded, the benefactor is invited to a special recognition event and their scholarship is listed in the Annual Report.  The Endowed Scholarships awards are based on student requirements and recommendations made by the Scholarship Committee consisting of McGill-Toolen guidance counselors, administration and support personnel.  Students are recommended by their partner school principal.  These scholarships do not require an application process.

 

McGill-Toolen Foundation Scholarship Fund

The McGill-Toolen Foundation Scholarship funds are managed under the McGill-Toolen Foundation with a minimum donation of $10,000.  A minimum of $2,500 per year with a four year commitment is required.   The benefactor of the McGill-Toolen Foundation Scholarship has the opportunity to name their scholarship in memory or in honor of their loved one.  The benefactor also determines the student criteria for the selection process.  Once the scholarship is fully funded, the benefactor is invited to a special recognition event and their scholarship is listed in the Annual Report.  The McGill-Toolen Foundation Scholarship awards are based on student requirements and recommendations made by the Scholarship Committee consisting of McGill-Toolen guidance counselors, administration and support personnel.  Students are recommended by their partner school principal.  These scholarships do not require an application process.

 

St. Augustine Scholarship Fund

The St. Augustine Scholarship Fund assists students who embody the values and ideals that we seek in our McGill-Toolen Catholic students, but whose families do not qualify for financial aid.  Children of Catholic school teachers, children of first responders and active duty military, children of McT alumni and  our Aquinas Scholars are eligible to receive assistance through the St. Augustine Scholarship Fund.  To qualify for this scholarship, students must meet standards of academic achievement, be involved in community service and show a commitment to their Catholic faith as well as a financial need.  For more information regarding the St. Augustine Scholarship and to learn more about the online application process or eligibility requirements, click here.

 

Be a Scholarship Saint and Donate

 “No child should be denied his or her right to an education in faith, which in turn nurtures the soul of a nation.” 

-Pope Benedict XVI

 

 

Endowment- Advancing the Mission of McGill-Toolen Catholic High School 

The McGill-Toolen Foundation Endowment sustains McGill-Toolen Catholic High School through fluctuations in enrollment and the economy, helps recruit and retain quality faculty and ensures our students have access to faith-enhancing experiences that deepen their faith.  A strong endowment ensures the McGill-Toolen Foundation carries out our mission in perpetuity.  The McGill-Toolen Foundation endowment grants an annual subsidy to the school that goes directly to the operational needs of the school. The endowment currently provides $100,000 annually to McGill-Toolen Catholic High School.  The annual endowment assists in keeping McGill-Toolen’s tuition affordable by reducing the need for tuition aid and builds financial security for the future.  

 

   Memorials

Memorial gifts to the McGill-Toolen Foundation meet two important needs. First, the gift allows you to express your feelings at the loss of a loved one and second, the gift supports McGill-Toolen's unique and time-honored tradition of educational excellence. Memorial gifts may be restricted or unrestricted. Appropriate cards are sent to the bereaved family indicating your memorial gift was made without disclosing the amount of the gift.

 

It may give you comfort to know your gift is helping us to advance our mission of providing a quality education which enables our students to grow in faith; search for knowledge and truth in mind, body, and spirit; and to continue building the Kingdom of God on earth. 

 

Memorials should be sent to the:

McGill-Toolen Foundation

1501 Old Shell Road

Mobile, AL. 36604

 

 Endowment Funds Are Gifts That Secure the Future!

"Do not forget that the future of humanity is in the hands of those… who are capable of providing the generations to come with reasons for life and optimism."

- St. John Paul II

            

Planned Giving-Building a Legacy, Supporting Our Faith 

The McGill family provided the first “planned gift” in 1896 for a Catholic High School in Mobile.  Their legacy still lives on today as the earnings from the McGill family gift have supported the school for more than 120 years.   The McGill family had a vision and a belief that Catholic education played a vital role in the future of the Church.  McGill-Toolen continues to benefit from the generosity of benefactors who share this belief in the importance of Catholic education and determined that a planned gift is the most effective means of supporting the mission of the Church.  Planned gifts designated to McGill-Toolen Catholic High School have provided much of the funding for the capital campaign as well as a significant portion of our scholarship funds.  Individuals and families who have demonstrated their commitment to Catholic education through a planned gift to the McGill-Toolen Foundation will become a member of the Lipscomb Legacy Society.   

   

How do I join the Lipscomb Legacy Society? To become a Lipscomb Legacy Society member, one must leave a planned gift to the McGill-Toolen Foundation. We ask you complete a planned giving agreement to confirm the intention of the gift.  The agreement is signed and filed until the gift is realized. This ensures the intent of your generous planned gift is recorded accurately and that we honor your legacy.  For information on how to become a member of the Lipscomb Legacy Society, please click here 

 

What is a Planned Gift?  A planned gift is a contribution that is arranged in the present and allocated at a future date.  Commonly donated through a will or a trust, planned gifts are most often granted once the donor is passed away.    

 

Why Make A Planned Gift to the McGill-Toolen Foundation? If you believe in the mission of Catholic education, specifically a McGill-Toolen Catholic education, then you believe it should be preserved for the future.  Planned Giving helps ensure a secure financial future for our school and continues the tradition and importance of Catholic education.

 

Who Can Leave a Planned Gift? Anyone at any age!   Planned giving is not just for the elderly.  If you have created your will or are in the process of completing your estate planning, it’s not too late to leave McGill in your will.    

 

Can I direct how I would like my deferred gift to be used? Yes, you have a range of options available including designating your gift as restricted with a specific purpose.

 

What types of gift will the McGill-Toolen Foundation accept?  Charitable bequests for a will or a trust are the most common ways to leave a legacy gift to the McGill-Toolen Foundation. Planned gifts accepted by the McGill-Toolen Foundation include:

 

 

 

Because everyone’s financial situation is unique we recommend you contact your financial advisor or attorney for information regarding the most favorable option for you. We want to work with you to create a gift that best fits your wishes and our financial needs.  A sample of a IRA/401K beneficiary form is available below. 

                                                                                 

 

Your Legacy is Their Future

 “All you can take with you is that which you’ve given away. “ 

- Peter Bailey-It’s a Wonderful Life

                                          

Thank you for supporting the mission of McGill-Toolen Catholic High School. You have our deepest gratitude and may God continue to bless you and your family. 


 

To learn more about the type of charitable giving that is right for you, please contact

Jenna Wood, Executive Director of the Foundation

(251) 445-2939 
woodj@mcgill-toolen.org