Frequently Asked Questions Regarding Notre Dame High School’s Endowed Scholarship Funds
Building Notre Dame High School's Endowed Scholarship Fund is vital to the future of our school. As our student body continues to be ethnically and economically diverse and the cost of education continues to rise, the need for financial assistance will always be of concern. It is paramount to our mission to provide education to those who seek it. Establishing named or memorial endowed scholarships will aid Notre Dame in its efforts.
What Is a Named Endowed Scholarship Fund?
A scholarship may be named to memorialize a deceased family member or friend, or to honor a living family member(s), alumnus or friend. It may also be named for a teacher, corporation or organization. Funds earned off the principal shall provide tuition scholarships to current or newly enrolled Notre Dame High School students. To be eligible, a student must first be an eligible recipient of the school’s financial aid program. The scholarship award will be supplemental to the financial aid allocations made annually by the school. Scholarship awards will be based on demonstrated financial need as well as academic and conduct qualifications. At times these funds can be restricted to students participating in particular programs, however it is preferred that the school direct the funds toward the students with the greatest needs.
How Are Endowed Scholarships Named?
Endowed Scholarships are named by the person(s) who establish the funds. A scholarship may be established as a memorial to a husband, wife, mother, father, aunt, uncle or grandparent(s); a scholarship established by current or past parents, or even by grandparents in appreciation for the education of their grandchildren at Notre Dame; a scholarship established by an entire family in their name (i.e., The Jones Family Scholarship); an established scholarship in the name of a Notre Dame alumnus, company or organization; or a scholarship established by a specific Notre Dame class in memory of its deceased members, or just in the name of the class member alone.
What Gift Amount Must Be Donated to Establish a Named Endowed Scholarship?
The recommended base gift for the establishment of a scholarship fund is a minimum of $25,000. Additional gifts of any size may be made at any time. The scholarship fund should have the ability to grow to a minimum of $50,000 over a period of five years. This is to ensure that the interest earned off of the endowed funds will produce enough funds to enable the school to make scholarship awards to its students. During the endowed fund's initial growth period (3 – 5 years), the scholarship fund will be invested by the school and held in trust until specified growth is attained to allow scholarship allocation. If after five years the fund has not reached the desired goal, it may be incorporated into the general scholarship fund. In order for a new scholarship fund to be established, the interested party and the school must agree that the goal is reasonable to attain and that future gifts toward the newly established fund are possible. In turn, the school will market the fund to the school community through its publications and annual appeal to assist in promoting its growth.
Once the Named Endowed Scholarship Is Established, Can You Add to the Principal?
Yes, you can add to the principal at any time. The principal dictates the amount of funds that may be awarded to students. The larger the amount of principal, the more Notre Dame students will benefit from your endowed scholarship fund. Anyone can contribute to the principal of an establish scholarship fund.
What Scholarship Funds Does Notre Dame High School Currently Have?
The scholarship funds at Notre Dame are:
- Carl Abato '62 Science/Math Memorial Fund
- T. H. Albright Memorial Fund
- Albert John Allegretti, Mary Rowe Maher Allegretti, and Br. Eugenio Cassano, CSC Memorial Scholarship
- Joseph and Dolores Casey Family Scholarship Fund
- John Chieruzzi '82 Memorial Scholarship Fund
- Class of 1974 Scholarship Fund
- Jeremy Crigler '89 Memorial Scholarship Fund
- Samuel and Audrey D'Amato Memorial Scholarship Fund
- DeMartinis Family Scholarship Fund
- Maggie Dixon '95 Memorial Scholarship Fund
- Donahue Family Memorial Scholarship Fund
- Catherine and John Gallagher Scholarship Fund
- Stephen P. Gregoire ‘71 Memorial Scholarship Fund
- Holy Cross Scholarship Fund
- Angela Kozubek Memorial Scholarship Fund
- Allen A. Lutz ‘68 Memorial Scholarship Fund
- Patrick R. Montague Memorial Band Fund
- Daniel J. Morrow '81 Memorial Scholarship Fund
- James M. O'Donnell '75 Memorial Scholarship Fund
- Victoria Joy Parker Memorial Scholarship Fund
- Randi Renaud & Family Memorial Scholarship Fund
- Ken Sweet '71 Drama Memorial Scholarship Fund
- Guy “T.B” Tobin ’73 Memorial Scholarship Fund
- Edward Wagenbach '55 Memorial Scholarship Fund
How Do I Begin the Process?
For more information on how you can establish a legacy at Notre Dame High School to benefit deserving students, please contact Brett Lowart, NDHS President at (818) 933-3610 or firstname.lastname@example.org.