St. Elizabeth Ann Seton
From Coins to Scholarships for Catholic Education
St. Elizabeth Ann Seton Endowment Fund
The St. Elizabeth Ann Seton Endowment Fund was established by an anonymous donor in 2019. Her husband had recently passed away and had a large coin collection. “My husband started buying gold coins as an investment but soon enjoy the stories behind them,” she shared. She wanted to use the collection to make a difference in the community, but wasn’t sure what that could look like.
“A very good friend of mine told me of her great-grandson getting a partial scholarship from a fund at the Catholic Foundation, so I called them to help me,” the donor explained. “The staff at the Foundation handled the coins, had an appraisal done, and researched to find a saint that promoted education for children.”
In honor of her husband, she donated the coin collection and received a significant tax deduction. The coins were sold by the Foundation and the proceeds established an endowment fund that provides for five Catholic schools: Monsignor Donovan Catholic High School, St. Joseph’s Catholic School, St. Mary’s Academy, St. Mary’s Catholic School, and St. Peter Claver Catholic School.
The donor is happy to be able to see the impact her husband’s collection is now making on students in Catholic schools. “This was one of the best decisions that I have ever made,” she stated.