UNRESTRICTED vs. SCHOLARSHIP ENDOWMENT
“THE PURPOSE OF THIS INSTITUTE IS TO GIVE A HUMAN AND CHRISTIAN EDUCATION TO THE YOUNG, ESPECIALLY THE POOR, ACCORDING TO THE MINISTRY WHICH THE CHURCH HAS ENTRUSTED TO IT.”
– RULE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS
$19 million of CBA’s current endowment came from unrestricted gifts and bequests from the CBA community, and has been bolstered by strategic investments overseen by the Board of Trustees. As we build the endowment, it will reduce pressure on the operating budget and ensure that we can meet the varied and complex needs of running the Academy year after year.
Christian Brothers Academy has safeguarded its fiscal position, in spite of challenging economic forces, and kept tuition increases minimal over the years. This means that CBA continues to be attractive and accessible to academically-qualified students.
Due to the generosity of our CBA community we’ve bolstered our scholarship opportunities by adding over 50 new scholarship endowments over the last five years. Last year, CBA awarded over $700,000 from named scholarships both from endowed funds and annual scholarships. These enabled us to attract highly-qualified students who either could not afford to attend CBA or are candidates at our competitor schools. With a $25,000 gift a donor can create their own legacy through a named endowment in perpetuity.
A strong scholarship program ensures that a CBA education is both accessible for many students and the first choice for qualified and committed students. Ultimately, scholarships fulfill the Brothers’ mission of providing a Catholic education to students regardless of a family’s financial situation.