The Hibbing Catholic School Endowment Fund was established with the sole purpose of supporting Catholic education in Hibbing. The fund makes annual distributions to Assumption School to support tuition assistance and to supplement special projects that enhance learning. The typical annual distribution is $25,000.
The January 31, 2015 balance is $1,161,470.75.
The endowment fund is incorporated separately from the parish and school. By-laws dictate that distributions are made from earnings. The principal is left intact.
If you would like to make a contribution to this fund, please contact Teri at the Parish Center: 218-262-5541.