At St. Ursula Academy there are two types of scholarships: those which
are endowed (Non-Expendable Scholarship Fund) and those not endowed
(Expendable). Both are very important in determining the amount of financial
aid which the Academy can award each year. As financial aid needs and
requests increase, it is necessary that these scholarship funds grow. Gifts for scholarship purposes are, therefore, highly valued
contributions to St. Ursula Academy and its mission.
Many people are hesitant to consider the possibility of endowing a scholarship because a large sum of money ($250,000) has to be invested to endow in perpetuity a full scholarship at St. Ursula. However, many endowed scholarships at St. Ursula have been partially funded with lesser amounts. Donors and their families and friends make periodic gifts with the purpose of increasing the principal of the minimum level ($25,000), to the fully funded level, or some point in between. We ask donors to invest/pledge a minimum of $25,000 with intentions of reaching $25,000 in 5 years, so that we will be able to award at least a minimum of $1,000 scholarship when the fund reaches $25,000. The level necessary for a fully endowed scholarship fund is presently $250,000. The original investment doesn’t have to come from a single donor. It might be established by a family, a group of friends or business associates, or a group of graduates who wish to begin a scholarship in the name of their class. Or, it could be established through a bequest in one’s will or through some other planned gift vehicle.
These Endowed Scholarships, many of which are named memorials or family funds, present an excellent opportunity to remember a family member or other loved ones by making a lasting contribution to the work being done at St. Ursula Academy. The interest generated from these endowments makes possible significant financial assistance for deserving students, and these endowments are essential if private schools like St. Ursula Academy are to survive and flourish in the future.
Gifts can also be made for a one-year scholarship, which will be awarded the following school year. The Academy’s treasurer places the contribution in the Expendable Scholarship Reserve. The funds will be awarded each year and will be totally used as needed during the following academic year in providing financial assistance to St. Ursula Academy students.
Tribute Gifts for the Scholarship Fund
We encourage gifts of any amount at anytime, in memory or honor of a relative or friend. These gifts may be made to the Expendable Scholarship Reserve or may be made to increase the principal of fully or partially Endowed Scholarships. It is an ideal way in which to remember a special occasion shared with a loved one, or to remember someone who has passed away. By providing financial assistance to students at St. Ursula Academy, your gift becomes very meaningful. It is a memorial that “lives on” which enriches the lives of those who benefit from such gifts.
CLICK HERE to see a list of
our scholarship funds
For further information or to receive guidelines for establishing a scholarship at St. Ursula Academy, please contact:
Vice-President of Advancement
St. Ursula Academy
1339 E. McMillan St
Cincinnati, OH 45206
(513) 961-3410, ext. 151