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
The core of CBA’s general endowment came from gifts and bequests from generous donors, 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. Still, This means that CBA continues to be attractive and accessible to academically-qualified students.
Due to the generosity of the CBA community, more than 50 new endowed scholarships have been created 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 otherwise afford to attend CBA or are candidates at our competitor schools.
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 Lasallian mission of providing a Catholic education to students regardless of their families’ financial situation.