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Archdiocese of Denver 2015 Financial Report

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13 FINANCIAL REPORT 2015 ARCHDIOCESE OF DENVER GRANT AND OTHER FUNDING TO CATHOLIC SCHOOLS AND EDUCATION MINISTRY PROGRAMS The Archdiocese of Denver Catholic Schools comprises the largest private school system in Colorado. Located in 18 cities in northern Colorado, 35 parish schools and two high schools educated 9,100 students during the school year ended June 2015. The majority of Catholic school revenue comes from the sacrifice families make to pay tuition, and while this is a generous investment, it is not sufficient to cover the salaries and related benefit costs of our faculty and staff. Accordingly, these schools also rely on fundraising, parish support and philanthropy to survive financially. In contrast, the majority of revenue for public schools comes from taxpayers, whether they are users of the services or not. For the 2014-2015 school year, Catholic schools and related educational ministry programs of the archdiocese received nearly $6.4 million in grants and other support through The Catholic School Assistance Fund (which each parish contributes to), Seeds of Hope Charitable Trust, The Catholic Foundation and the Archbishop's Catholic Appeal. YEARS ENDED JUNE 30 FUNDING SOURCES 2014 (Actual) 2015 (Actual) 2016 (Projected) Archdiocese of Denver $560,285 $623,500 $625,000 The Catholic Foundation 616,000 620,000 630,000 Seeds of Hope 1,323,693 1,348,500 1,369,500 Catholic Schools Assistance Fund 3,469,000 3,7 75,000 3,800,000 Total $5,968,978 $6,367,000 $6,424,500 To learn more about the Archdiocese of Denver Catholic Schools, please visit our website at www.archden.org/schools/office-catholic-schools The Archdiocese of Denver Catholic Schools educated 9,100 students throughout Northern Colorado in 35 parish schools and two high schools.

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