The restricted or unrestricted use and specific population of student beneficiaries noted below can be established by the donor with instructions given to the Catholic Education Foundation. Student or family needs are based on FACTS Grant and Aid financial assessment.
If you are interested in learning more about creating a flexible, family-named fund, please contact the CEF Office with the following information:
1) Initial Amount of Fund; 2) Specific Restriction for use of the fund; 3) Preference in promoting fund; and 4) Level of your preferred engagement with student or school.
$700 Grade Schooler; $1,000 High Schooler
$5,000 - $10,000 - such as St. Rose School, Wilmington- underwrite the cost of multiple student scholarship in a school classroom or grade level for one year
$25,000 - $100,000 - such as Holy Family Catholic School, Bensenville -underwrite the cost of all student scholarships for an entire school for one year
Donor Advised Fund
$10,000 minimum - such as the Special Needs Education Fund - serves as a charitable account for donors to support schools or religious education programs; Some or all of the corpus can be used over multiple years.
Family-Named Scholarship Endowment
$25,000 minimum - such as the Kaiser Family Scholarship - creating an endowment (permanent fund) in the name of a family; only the interest income is used each year to support student scholarships; the corpus is not invaded and the fund remains in perpetuity
School Patron Program
$100,000 Multi-year (usually three years) underwriting of the cost of an extraordinary project or staff position in a diocesan elementary school
Business Scholarship Initiative for Students
(Amount TBD by Company) - such as the Buck Services Program - Funding school scholarships for employee(s) child or children similar to an employee benefit
Field of Interest Options of Any Amount:
•Hispanic or Polish students
•Special Needs Education
•Students from Single Parent households
•Donor’s alma mater or the donor’s choice of parish school
•General scholarships for grade school or high school students