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YVONNE LIGHT SCHOLARSHIP ENDOWMENT FUND

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OVERVIEW

The Yvonne Light Scholarship was started by Yvonne’s husband, Les, in memory of his wife. Yvonne was a parishioner of St. Thomas Catholic Church in Redmond, Oregon. She was a strong supporter of the newly started St. Thomas Academy founded in 2006, which started as a preschool and pre-kindergarten. At her death her family started an endowment fund in her name.

The mission of St. Thomas Academy, now a preschool through 8th grade school, is to provide an educational program based on a strong faith, Christian values, and supporting environment. A percentage of the interest each year is used to fund scholarships to any student enrolled at St. Thomas Academy and a portion goes back into the principal to grow the fund.

The purpose of the scholarship is to fund tuition assistance for students of St. Thomas Academy in Redmond. Originally the scholarship funds were placed in a special account within the Academy.

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It was decided that the money and further donations to this scholarship fund could be better administered if they were moved to the Legacy of Faith Foundation. That being done, the Foundation and the Academy set a percentage of the total endowment to be awarded each year.

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FOUNDED
2009
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PURPOSE
EDUCATION
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SUPPORTS
ST. THOMAS
ACADMEY
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DISTRIBUTIONS
RESTRICTED
  • Distribution
    Half of the fund's interest is divided among St. Thomas Academy, St. Thomas Parish, and a Diocesan fund for priests.
  • Catholic Context
    The fund operates within the framework of the Catholic Church, specifically the Diocese of Baker, and is named after St. Jude, a patron saint within the church.
  • Reinvestment
    The other half of the interest is reinvested to increase the fund's overall value.
  • Funding
    The fund is primarily supported by the donor's long-term estate planning, with a portion of the funding being ongoing and the major contribution occurring upon the donor's death.
  • Impact
    The distributions are unrestricted, allowing the recipients to use the funds as they see fit.

DETAILS TO CONSIDER

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Contact Us

CONTACT US

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HEAR FROM DONORS

I’m grateful to have been able to contribute to the Legacy of Faith Endowment Fund. It’s a meaningful way to support the future of our church, ensuring it can continue to serve the community and nurture faith for generations to come. I’m honored to be part of such a wonderful mission.

- Legacy of Faith Donor
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