The Altoona Area School District Foundation recognizes that many of its supporters would like to make a significant contribution, but may not have the current discretionary resources to do so. To provide these supporters an opportunity to assist its educational mission, the Foundation has created a new Step By Step Named Endowment Program. This program enables individuals to make modest donation(s) that are invested and grown to a targeted endowment fund level.

A Step By Step Named Endowment Fund can be managed to mature at $5,000, $10,000, $25,000, $50,000, or $100,000 levels. The Foundation has established criteria and procedures to ensure that all endowment funds are targeted to mature ten years after the initial donation. The endowment program offers a standard five-year annual payment plan and five additional years of growth to achieve the endowment fund goal. A lump sum payment option is available with a nine-year growth period.

AN EXAMPLE

Bob and Mary Jones, both age 45, would like to create an endowment fund with the Altoona Area School District Foundation in memory of Mary's late mother Shirley. However, they don't have the resources today to make a substantial gift to the Foundation.

Bob and Mary decide to use the Step By Step Program to create the Shirley Smith Memorial Fund for $25,000. They review the Step By Step payment chart and agree to pay $2,626 annually for five years. After Bob and Mary complete the five-year payment period, their investment will grow for another five years to the targeted maturity value of $25,000. When Bob and Mary are approximately 55 years of age, the endowment fund will be activated and begin providing annual gifts in Shirley's name for students and educators throughout the school district.

THE BENEFITS

When you join others who support the Altoona Area School District through the Foundation, you truly help our students and teachers achieve greatness. In addition to the personal satisfaction you will gain by creating a Step By Step Named Endowment, you will be invited to attend an annual recognition gathering to meet friends and share memories. Each named endowment fund will also be listed in the Foundation's Annual Report, in the Altoona Area School District's newsletter, and in the Annual Report to the Community in the local newspaper.

CURRENT NAMED ENDOWMENT FUNDS

Mackey Family Fund
Margaret N. Horner Memorial Fund
Lew and Billie Baker Rentel Fund
Thompson Family Fund
Kenneth and Joanne Rothrock Fund

Florence K. White Memorial Fund
Paul E. and Wilda B. Miller Memorial Fund
V. Joanne and David E. Crider Fund

Audrea Hart Blanding Fuget Memorial Fund

Darwin H. Bistline Memorial Fund

Simpson Marcher Petersen Fund

Lois K Loy Memorial Fund

O. Dale Lansberry Memorial Fund

William P. Bradley Fund

The Dedicated Teachers Fund

Richard Kim Sherry Memorial Fund and
Joyce Wertz Family Fund
William Smearman Fund
Sheetz Family Fund
Alfred J. Mignogna, Jr. Memorial Fund

James W. Scherden Memorial Fund

Carol Jurewicz Fund

Gail Scherden Fund
Patricia A. Quintilli Memorial Fund

G.M. and Isabel Woomer Memorial Fund
Donald P. Lingafelt Memorial Fund
J. Leslie and Mary Ehringer Memorial Fund
Patricia Sawtelle Shatzer Memorial Fund
Bill, Jason and Steven Wilkinson Fund
Lois and Elton Crider Fund
Ted and Jeanne Mock Memorial Fund
John and DeDe Kazmaier Fund
Brian Morden Memorial Fund
John and Gabrielle Birely Fund
George S. and Anna May Martin Memorial Fund

 

Additional Funds:

Tarpey Family Music Fund 
Lew and Billie Baker Rentel Student Aid Fund
Project SOAR Fund
Doug West Fund for Project SOAR

 

Scholarship Funds:

Dick Logan Scholarship

M. Gordon and Jane White Scholarship Fund

John Monti Scholarship Fund