Legacy supports local educators
When the late Dorothy and John Terhune learned that parents were launching an endowment fund for St. Patrick’s Catholic School, they worked with the Allamakee County Community Foundation to jumpstart the fund with an initial contribution and made additional gifts over several years. Dorothy was a Waukon native who graduated from St. Patrick’s. After her death in 2009, John continued making donations in her honor until his own death. Their legacy will support students and teachers at St. Patrick’s forever.
In the beginning, annual endowment payouts were used for technology updates. Today, the payouts provide a match for teachers’ 401(k) contributions. “You have to be creative to keep quality teachers at a Catholic school. We can’t provide the benefits public schools do,” says Principal Katie Fahey, who has been at the school for 24 years, both as a teacher and as principal. “This retirement incentive is helpful. Our teachers are very loyal, and we’ve been fortunate to hire young teachers who are alumni.”
Lexie Brink went to school at St. Patrick’s and knew she wanted to return there to teach. “I have always loved the atmosphere of St. Patrick’s School and the close relationships with the families in the community,” says the kindergarten teacher. “Teaching isn’t an easy job, but having a staff and principal stand behind you makes you feel loved and supported. Every little bit helps with retirement, and I’m grateful to be receiving something to help with my future.”
Endowed funds at the Community Foundation support an improved quality of life across Allamakee County. Contact us to learn about how you can harness the power of endowment to keep your community vibrant.