01/17/08

Bridge Money:  Funds used to supplement faculty/staff salaries until the Endowment reaches its disbursement point. 

Faculty Endowment Fund:  Invested funds to provide salary supplements from the interest. This is a restricted fund; no funds can be used until the goal of 6.6 million is met. A named Faculty Award has a goal of $150,000.

            Includes:
            Faculty Endowment
            Class of 1992 Faculty Award

            Class of 1993 Faculty Award
            Class of 1994 Faculty Award
            Class of 1995 Faculty Award
            Class of 1996 Faculty Award
            Class of 1997 Faculty Award
            Class of 1998 Faculty Award
            Class of 1999 Faculty Award
            Class of 2000 Faculty Award
            Class of 2001 Faculty Award
            Class of 2002 Faculty Award
            Class of 2003 Faculty Award
            Class of 2004 Faculty Award          

Fine Arts Fund:  Benefits the arts activities and enrichment of the student body’s cultural life. Supports the acquisition of art and fine arts supplies, and musical instruments and materials.

General Fund:  Supports the fundamental and ongoing operations of the OSSM Foundation and benefits the school as determined by OSSM Foundation Trustees.

Investigative Research Scholars Fund:  Research/Mentor Program begins the students’ junior year and continues throughout the summer (a three-week summer program) and on into the senior year.  Named Research Scholar’s are $30,000.   

Kimberly-Clark Fund:  Benefits students collectively - for educational or cultural events - individuals with special projects or opportunities.

Library Fund:  Money donated specifically for purchasing library books.

Math Competitions Fund:  Established by Dr. Julian Stanley in March 1997 to help fund students’ participation in mathematics competitions.

Memorial Garden:  Money donated for the purpose of a memorial garden.

Scholarship Fund:  For scholarships and financial assistance for OSSM graduates’ higher education. Graduates must apply for the assistance and be approved by OSSM.

Science Fund:  Designated for additional physics, biology and chemistry projects for classes.