The Holy Cross Rumson Education Foundation was established in 2018. It is a 501(c)(3) organization created to promote and support Catholic education in Rumson and surrounding areas. Its three initial objectives are to establish a grant fund to underwrite significant emergent operational and instructional purchases that might otherwise go unfunded; establish an endowment to provide a long-term income stream for significant expenditures and capital improvements; and put in place a structure to conduct future major capital campaigns. It will be governed by a Board of Trustees that will work closely with Holy Cross School’s Principal and Director of Development and Grants in developing the legal and financial structures, and in identifying potential Board members, volunteers, and donors.