Establishing a Scholarship at Holy Cross High School

Holy Cross High School appreciates gifts at any time that support annual giving at the school. Some have considered making a donation in the form of a scholarship. When you establish a scholarship, you directly assist those students who demonstrate academic promise and are in need of financial aid. You help talented students realize their hopes of an education framed in the Holy Cross tradition of excellence. In conjunction with the President, you will be able to establish criteria for the scholarship award. There are several ways of establishing a scholarship at Holy Cross High School. The following guidelines should be of assistance when considering this possibility.

Memorial Contribution to the Scholarship Fund

Any contribution of $5,000.00 or more will be considered as a lasting memorial to a loved one. The names of those remembered by contributions of $5,000.00 or more will be recognized on the Endowment and Scholarship Plaque that will be prominently displayed in the school. If a pledge has been made, the honored person's name will be added to the plaque once the minimum of $5,000 has been reached. *

Named Scholarship

A "gateway gift" of $25,000.00 or more will establish a named scholarship. The principal will be invested and the interest earned, (unless other arrangements are made) will be awarded in the name of the person for whom the scholarship is established. A Named Scholarship is a standing scholarship. That is, contributions to named scholarships can be made at any time. The principal of such scholarships will remain untouched in perpetuity. Gifts at this level will be given permanent recognition on the Endowment and Scholarship Plaque that will be prominently displayed in the school. If a pledge has been made, the scholarship name will be added to the plaque once the minimum of $25,000 has been reached. *

One-time Named Scholarships

Scholarships in the form of tuition reduction grants may be made at any time. In this case, a donor forwards to Holy Cross a predetermined amount of money to be awarded to a student at an appropriate time, usually at the Spring Honors Assembly. This award is usually applicable for the following school year's tuition. In some cases, a predetermined amount of money is awarded by the donor on a yearly basis.

Other Contributions

Contributions to the Endowment & Scholarship Fund may be made in Honor of a loved one. These honorary listings will remain active as long as there are contributions made in the name of the individual.

* Payments must be received annually on pledges made toward a scholarship or perpetual memorial. If two or more years lapse without a pledge payment, the funds will be combined with the existing Scholarship and Endowment funds.

For further information on how to establish a scholarship, please feel free to call the Advancement Office at (203) 574-5422, ext. 223