Christus Victor is responsible for operating the school and raising funds necessary to meet ongoing and future capital financial requirements.  The Legacy Bond is a debt security instrument issued by Christus Victor Inc. to help us raise capital.  The bond bears no interest and is non-transferable.

The Legacy Bond Program is one means through which we mobilize our community, link arms, leverage the resources that God has given us, and accomplish the vision.

Simply put, parents, individuals, family members, or donors purchase a bond with a maturity date.  Funds used to purchase the bond are placed in a school account designated for capital projects or improvements.  On or after the maturity date, the bond may be redeemed and the funds are returned in full to the purchaser within the allotted time.

The Legacy Bond Program allows Christus Victor to build buildings, make improvements to existing structures, and maintain, improve, or expand our property.  This bond program is vital for meeting phased construction goals and implementing future property improvement plans.

The Legacy Bond Program is for every student enrolled at Christus Victor and every donor who desires to maximize the impact of their donation for the benefit of our students.  If you know someone who is attending or plans to attend Christus Victor, AND/OR you desire to support the vision and mission of this school...the Legacy Bond Program is for you.

Every student attending Christus Victor is required to post a Legacy Bond with their enrollment in the school and for as long as they remain a student at the school.  Any person, parent, family member, donor, sponsor, or company may purchase the bond on behalf of the student or purchase a bond in the name of the student.  The bond will bear the name of the purchaser and the name of the person or organization for whom the bond is purchased.  

The Legacy Bond is payable for enrolled students by the due date of their first tuition payment.  However, a Legacy Bond may be donated and purchased by any party at any time of the year.  A bond will be issued once Christus Victor has received a confirmation of payment and funds are deposited into the school's bank account.

Students enrolled at Christus Victor are required to post a Legacy Bond for as long as they remain enrolled at the school.  Others purchasing a bond may select a three, five, or ten year maturity date.  The Legacy Bond may be presented to Christus Victor for redemption any time on or after the maturity date or after the student is no longer enrolled in the school.  Funds are returned to the purchaser named on the bond within no more than one hundred and twenty days of maturity,

The value of a Legacy Bond will remain constant over the life of the bond.  Values may increase for new or incoming students each year.  The bond value for the 2026-27 school year is $30,000.

3)  Use the school's approved lender to arrange for low-rate, interest-only financing.

4)  Arrange your own financing for the purchase of a bond.

We are happy to assist you with the purchase of a Legacy Bond.  Please contact us to discuss these or other options available to you.

Any person, parent, family member, donor, sponsor, or company may purchase the bond on behalf of the student or purchase a bond in the name of the student.  The bond will bear the name of the purchaser and the name of the person or organization for whom the bond is purchased.  

Yes.  You may decide to purchase a portion of the bond and finance the balance.  You may pay in full now and decide to finance all or a portion of the bond amount in the future.  Or you may finance the full amount of the bond now and decide to buy it back in full or in part at a later date.  The program is characteristically flexible.  Please speak with our admissions team for more information.

Yes.  The Legacy Bond may be pre-purchased at any time.

A student under the age of 18 is unable to purchase or hold a bond.  The bond must be purchased by someone of legal age who will be designated as the purchaser.

The bond must first be purchased by the benefactor.  The benefactor must sign a waiver form waiving any future interest they may have in the bond.  The school will then issue a charitable donation receipt in the name of the benefactor and maintain the waiver form in school records for future reference.

If a bond purchaser has chosen the interest-only option for purchasing a Legacy Bond, their obligation to pay interest to the bank will end when the school has refunded the face value of their bond and the loan has been paid in full.  The school has one hundred and twenty days after the bond maturation date to return the face amount of the bond to the purchaser and/or their bank.

A bond will be issued when there is confirmation of payment.  For those who pay by check, the check must clear the school's bank before the bond is issued.  For those who select interest-only payments, the bond will be issued once the bank provides confirmation that the promissory note has been signed and that the money has been deposited into the school's bank account.  

Students enrolled at Christus Victor are required to post a Legacy Bond for as long as they remain enrolled at the school.  Others purchasing a bond may select a three, five, or ten year maturity date.  The Legacy Bond may be presented to Christus Victor for redemption any time on or after the maturity date or after the student is no longer enrolled in the school.  Funds are returned to the purchaser named on the bond within no more than one hundred and twenty days of maturity,

The Legacy Bond is redeemable by the named purchaser alone.  The check is made payable in the name of the purchaser alone.  If there are two names listed on the bond as purchaser, the check is made payable to those two purchasers.  The school is not to be involved in disputes concerning the division or disbursement of assets.

If the Legacy Bond was taken as collateral for a loan at the school's lender, the bank will receive the money directly from the school to retire the principal portion of the loan outstanding at the time of redemption while the outstanding interest accrued to the date those funds were received by the bank will be the responsibility of the borrower.

A Legacy Bond Waiver Form must be signed by the purchaser concurrently with either the return of the funds or the receipt by the purchaser of a Legacy Bond Release Form.

A subscription form is required that identifies the purchaser of the Legacy Bond.  This form is signed by the purchaser and returned to the program administrator who confirms the method of payment.  This form, along with a copy of the bond document and the original Acknowledgment of Receipt are filed at the school.  An individual account is established in the school database for each bond purchaser and notes the name of the student for whom the bond was purchased.

The purchaser (and the purchaser only) may apply for a new bond to be reissued,  A waiver form is required to be signed by the purchaser waiving their rights to the initial numbered bond in the event that it reappears.  An administrative fee of $100 is charged to reissue the bond.

A storage option is available at the school.  The school will retain the original and provide the purchaser with a copy.

Choose to finance the cost of the Legacy Bond with the school lender.  But rather than paying interest only, structure the financing to pay interest and principal to pay off the loan before the bond matures.  When the student graduates and the bond matures, bond funds will be returned to you free and clear.  That would make for a sizable gift to the student for college, a downpayment on a house, etc.

Choose to finance the cost of the Legacy Bond with the school lender.  But rather than paying interest only, structure the financing to pay interest and principal in order to pay off the loan before the bond matures.  The sooner the bond is paid off, the sooner interest payments on the remaining balance end. For example, If the loan is paid off by the time the student is in 5th grade, there will be no additional payments from 6th grade to graduation and you'll have the lump sum returned to you.

Read about the tax credit available here.