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Copyright © 2008
Saint Joseph School of Downers Grove

Tuition, Stewardship and Development

As you know, providing our children with a high quality, faith-filled education is an effort that requires all of our financial support. At St. Joseph School, financial obligations are met primarily through tuition payments, parish investment of stewardship offerings and fundraising/development initiatives. The following information outlines a simple 3-step plan to meet your financial commitments during the upcoming 2008-2009 school year. Please read the enclosed information carefully and respond according to the due dates provided:

Based on last year’s successful automated tuition payment program, St. Joseph School has contracted with FACTS Management Company to manage all tuition payments for the upcoming year. Please look for a TAB (Tuition Account Billing) Statement from FACTS in mid-July; it will detail your family’s total tuition and provide instructions for how to 1) make a complete payment, or 2) enroll in a payment plan. Please do not discard your TAB Statement; you will need it to make your initial payment.

Families with financial need should have applied for assistance as of June 1, 2008. Sr. Dorothy will notify families in late June if they qualified for assistance. If received, financial assistance will be reflected on the TAB Statement mentioned above. If you have special circumstances that require additional financial assistance, please discuss your needs with Sr. Dorothy and Fr. Jerome; the parish may offer supplemental assistance at their discretion.

If you have any questions regarding the payment options, enrollment instructions or stewardship information, please call me in the Parish Office at 630-964-0216 ext. 1101.

Sincerely,

Beth Harbauer
Business Manager

P.S. Please remember to look for your TAB Statement from FACTS in mid-July and retain it to make your initial tuition payment.

Step 1: Tuition

Please choose your preferred tuition payment option and enroll online by August 1, 2008.

Tuition for the 2008-2009 school year is as follows:

Number of Children

Tuition

Kindergarten
(Multiple student discount does not apply)

$1,200

One student

$3,560

Two students

$5,340

Three students

$6,586

Four students

$7,120

Five students

$7,476

Unsubsidized student

$5,425

 

Action required by August 1, 2008:
Please choose from the following two options for payment:

  1. Enroll in FACTS at www.factspayment.com when you receive the detailed instructions on the TAB Statement. Please remember to look for your TAB Statement from FACTS in mid-July and retain it to make your initial tuition payment.

– or –

  1. Maintain previous enrollment in FACTS if you are already enrolled from the previous year, your banking information hasn’t changed and you prefer the same payment options as last year. If you choose this option, no further action is required. Your 2008-2009 terms will remain the same as last year’s and your payment amount will be adjusted according to the tuition above.

For those enrolling for the first time or re-enrolling with changes, you may choose from the following payment options:

  1. Payment in Full options – complete payment is due by August 1, 2008:
    • Mail your check or money order payment to FACTS.
    • Make a secure payment online at www.factspayment.com with your bank account.
    • Make a secure payment online at www.factspayment.com with your credit card – a 2.5% convenience fee will apply
  1. Payment Plan options – the first payment is due in August 2008:
    • Two payments – August and December
    • Four payments – August, November, February and April
    • Ten payments – once monthly August through May

Your payment plan may be arranged in one of the following ways:

  1. Automatic bank payments – are processed from your checking or savings account (ACH) on the 5th or the 20th of each month.
  2. Automatic credit card payments – are charged to your credit card (Discover, American Express or MasterCard) on the 20th of each month; a 2.5% convenience fee will apply.

Please call Beth Harbauer at 630-964-0216 ext. 1101 with any questions.

Step 2: Stewardship

Please complete/return the forms detailed below by July 15, 2008 to commit your family’s Sunday stewardship contribution.

To support the Church’s important mission of Catholic education, St. Joseph Parish will continue its commitment to contribute two thirds of school families’ tax-deductible Sunday stewardship to the St. Joseph School Second Century Fund. Stewardship is an expectation of all parish families; we ask that you review the guidelines below and make a pledge in good faith. Tax-deductible stewardship will greatly assist in managing future tuition costs, as well as provide additional financial resources to benefit St. Joseph School. For more information, please see the Town Hall presentation at www.stjosephdg.org.

Annual Gross Income

x 2.2% Suggested Minimum Contribution

= Annual Contribution

Divided by 12 = Your Monthly Contribution

Divided by 4 = Your Weekly Contribution (approximately)

$60,000

2.2%

$1,320

$110

$30

$80,000

2.2%

$1,760

$146

$40

$100,000

2.2%

$2,200

$183

$50

$120,000

2.2%

$2,640

$220

$55

$140,000

2.2%

$3,080

$257

$65

$160,000

2.2%

$3,520

$297

$70

$180,000

2.2%

$3,960

$330

$80

$200,000

2.2%

$4,400

$367

$90

Action required by July 15, 2008:
Like tuition, your Sunday stewardship contribution will be managed by FACTS Management Company. 
Please choose from the following two options for your weekly donation:

Your Stewardship Agreement begins August 1. It’s important that you complete/return the enclosed Donor Automatic Payment Agreement and the Contribution Pledge below – or contact FACTS – by July 15. Please call Beth Harbauer at 630-964-0216 ext. 1101 with any questions.

St. Joseph Parish Annual Stewardship Contribution Pledge

My annual pledge to St. Joseph Church for support of my parish is: $_________________

__________________________________      Number of payments: 12 (August 2008 – July 2009)
Name                                                                                           

__________________________________      $_________________________________
Address                                                                                           Monthly contribution (annual pledge above divided by 12)                 

__________________________________      __________________________________
City, State, Zip code                                                                      Signature

Step 3: Development

Please review the Development Committee’s plans to grow our
Second Century Fund, then make your commitment in August 2008.

The annual operating costs of the school are approximately $2,000,000. Tuition covers about 50% of this cost; the remainder is funded by the parish investment of Sunday stewardship, fundraising/development and miscellaneous income. To provide funding for certain programs (for example, multi-student family discounts and tuition assistance), minimize tuition increases and create long-term stability for our school, the Second Century Fund has been established. The School Board has also created a Development Committee whose mission is to plan and execute initiatives that grow the Fund over time. The goal for the coming school year is to add $150,000 to the Fund.

Growth of the Second Century Fund will help pay for:

Beginning this school year, to help with these initiatives, each family is asked to make a total commitment of $300 to the Second Century Fund. This commitment can be met in a variety of ways:  

Please note that fundraising efforts from the School Annual Appeal, Parent Forum, A&B, Youth Ministry, etc. will be separate from credits for the Second Century Fund. These optional fundraisers will contribute towards the goals determined by the individual groups.

Action required in August 2008:

In August you will receive more details about the Second Century Fund options available and a Commitment Form. Please review the information and indicate your preferences for meeting your family’s $300 expectation.

Thank you for your generous support of St. Joseph School. We hope these development efforts will keep our school strong for generations to come. If you have any questions, please email Suzanne Shover (esshover@comcast.net) or Christy Yeo (yeofamily6@comcast.net), co-chairs of the Development Committee.