1 minute read
Advancement News
Scholarship Endowments Crucial to Future of DLS
Scholarship support for students is a defining part of our De La Salle and St. Joe’s history. Decades of Pilots and Blue Jays, many first generation college students from humble backgrounds, enjoyed a Catholic education because of that Lasallian commitment. Today, that tradition continues through the award of more than $1.3 million annually in tuition assistance. Endowed scholarships play a significant role in the school’s ability to provide that life-changing experience. A Scholarship Endowment at De La Salle is simply a fund where the principle stays intact and generates annual interest to benefit a deserving student or students. Donors often establish an endowment in tribute to a loved one, or in their own name.
“Endowed scholarships are essential to our future,” says Brother Robert Carnaghi, President Emeritus. “People look back on their lives and recognize that De La Salle or St. Joe’s made a difference for them. Many of them got help to attend, and they want to make sure they, in turn, help future students. The great thing is, they leave a lasting connection with the school and blessing on future students.” Funds can be established by immediate gifts of cash or stock, or be paid as a pledge over a defined period. Planned giving through a bequest or other methods is also a popular way to fund an endowment. The Advancement Office is available to discuss Endowment Guidelines or other ways to support De La Salle students through scholarship giving. President John Knight sees Endowment as a crucial area of growth for De La Salle. “It will be an emphasis for us,” says Mr. Knight. “Healthy endowments characterize successful schools and most importantly help to fulfill our Lasallian mission. It’s also rewarding to see the satisfaction donors get from knowing they have established something that will connect them to De La Salle well beyond their lifetime.”
St. Joe’s Alumni at the Benefaction
