Santa Clarita Christian School desires to establish an Endowment Fund that will provide for financial growth, stability, and advancement of the school.  Friends, SCCS family members, church members and other donors will be invited to contribute to this Fund as God enables them in order to fund the future of the school ministry. 

Description: The SCCS Endowment Fund will begin as a money market interest account.  When the Fund reaches $25,000, an investment policy will be adopted by the SCCS School Board to produce a greater return on the account.

Purpose: The purpose of the SCCS Endowment Fund is to provide more income to Santa Clarita Christian School.  The interest earned from the Fund will be used for teacher salaries, special projects, scholarships, or other education-related needs.   

Guidelines: Only the interest earned from the SCCS Endowment Fund is to be used for educational purposes.  The principal is not to be touched, but allowed to grow to increase interest earned in the years to come.

• The purpose and use of the SCCS Endowment Fund cannot be changed in the future; it must remain true to the guiding principles set forth in the establishment of the fund.
• The SCCS Endowment Fund is to be a separate fund from other SCCS accounts and must have separate accounting at all times.  Every donation is to be recorded, but kept confidential.
• When contributions are received, the person making the donation must complete a donation form that allows for them to sign indicating their agreement with the following statement, “I understand that SCCS can use the interest earned from this donation for the stated purposes of the Endowment Fund.  I understand that the School Board of SCCS will make all decisions regarding the use of the interest earned from the Endowment Fund.  My intent is that my donation is a contribution to the school.”
• In the event that SCCS ever goes out of business, the School Board will make all decisions regarding the distribution of funds and closure of the SCCS Endowment Fund.