St. Stephens Lutheran School has two endowments established to assist in the financial areas. 

The first endowment fund was established to offer financial assistance to families on a need basis.  A committee looks at financial aid requests and awards aid, dependent on the need, request, and finances available.  This fund has about $65,000 in the principal.  Only dividends are used for financial aid.

The second endowment fund was established to help keep tuition at an affordable level by providing another source of funding for the school.  This fund, in excess of $1,250,000, is administered by a committee which releases funds annually to be used as general funds.