ST. MICHAEL'S COLLEGE HIGH SCHOOL FOUNDATION
St. Michael’s College School, founded in 1852 by the Basilian Fathers, stands as Ontario’s only independent Catholic high school for young men in Grades 7-12. Founded by the Basilian Fathers, SMCS is an independent, Catholic school for boys in Gr. 7-12.
St. Michael's College High School Foundation
St. Michael's College High School Foundation is a Canadian nonprofit organization established in June 2005 with the purpose of raising, managing, and investing funds for the benefit of the general charitable purposes carried out by St. Michael's College School.
Purpose and Activities
The Foundation aims to support St. Michael's College School, an all-boys Catholic school under the direction of the Basilian Fathers, by contributing to its charitable initiatives. These efforts include financial assistance programs and infrastructure development projects such as the construction of the Centre for the Arts.
Financial Overview
As of recent reports, the Foundation's assets are valued at approximately $20 million. Its investment policies are designed to generate annual returns exceeding 3.5%, with a long-term goal of growing the fund to over $100 million. The Foundation's financial support is primarily directed towards bursary and scholarship programs at St. Michael's College School.
Governance
The Foundation operates under an independent Board of Directors, distinct from the school administration. This board is responsible for overseeing the strategic direction and financial management of the organization.
Legal Status
The Foundation is registered as a charity with the Canada Revenue Agency (CRA), holding the registration number 816758544RR0001. This status allows the Foundation to issue tax receipts to donors, providing them with tax benefits for their contributions.
Community Engagement
The organization depends on the support of alumni, parents, staff, and friends of the school to achieve its objectives. Through its fundraising efforts, the Foundation plays a vital role in enhancing the educational experience and resources available to students at St. Michael's College School.
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