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Establishing an Endowed Scholarship
Establishing an Endowed Scholarship is a significant way to fulfill an immediate and future need by providing financial aid to Cor Jesu Academy students. THERE ARE THREE LEVELS OF ENDOWED SCHOLARSHIPS AT COR JESU:
PARTIALLY ENDOWED SCHOLARSHIP
• Established with a contribution or pledge of $20,000 • This scholarship allows Cor Jesu to offer partial tuition remission annually • 5% of the Endowed
Scholarship balance is awarded annually to one student
SEMI-ENDOWED SCHOLARSHIP
FULLY ENDOWED SCHOLARSHIP
HOW ARE SCHOLARSHIPS STARTED & COMPLETED?
Endowed Scholarships can be made with a single gift, or they may begin with a seed gift of $5,000 or more, and an agreement to complete the endowment over time. Endowed Scholarships may be completed through recurring giving, or through a will bequest or other estate plan provisions. Gifts may be in the form of cash, appreciated securities, property or through a Donor Advised Fund.
*All gifts to the Endowment Fund are tax-deductible.
BENEFITS OF ENDOWED SCHOLARSHIPS
An Endowed Scholarship provides a personal and permanent way to make a difference in the life of a student and her family. Your investment ensures that you will personally provide a Cor Jesu education for a deserving student and future students. While each Endowed Scholarship is tracked individually, all Cor Jesu Endowment funds are invested together, to realize the benefits of a larger investment pool. The assets are invested in a fully-diversified portfolio and are part of a disciplined investment program overseen by Cor Jesu’s Endowment Committee. Scholarships are provided by the distributions made from the investment portfolio. Scholarship eligibility at Cor Jesu is determined by a need-based assessment through FACTS Management.
