Circle of Care Scholarships
The Circle of Care Program is for donors who wish to create a named scholarship fund that will provide tuition assistance to one or more deserving U of D Jesuit High School students. The scholarship awards will be made by the financial aid committee, based on the school's established criteria. This program is designed to enrich our students' exposure to the Mission of U of D Jesuit and provide interactive participation for our generous donors and supporters with the current student body.
The donors are able to establish a relationship with their scholarship student and his family through an annual prayer service and meal and the students will correspond with their donors a few times each year with a letter or card.
Without the generous assistance of our alumni and friends who believe in the school and its mission, many deserving young men would be unable to afford a U of D Jesuit education that prepares them for a productive, prosperous, and faith-filled future. In a way, joining the U of D Jesuit scholarship program completes a circle. Throughout the school’s long and distinguished history, the Jesuits have always preached Jesus’ central message to “love one another,” or as the former Superior General of the Jesuits, Fr. Pedro Arrupe, stated, to be “Men for Others.”
An Endowed Scholarship creates a permanent invested fund. The earnings from that investment will fund a scholarship each year - forever.
An Annual Scholarship reflects a donor’s commitment to support a scholarship for four years, while choosing the criteria in which recipients are chosen.
DID YOU KNOW? If you're not ready to fund a new scholarship, you can choose to contribute to an existing scholarship fund that matches your passion.
Do you wish to provide an annual scholarship to a qualified U of D Jesuit student? Opportunities exist to sponsor a young man with a four-year pledge of $13,100 per year.
An annual donation of $13,100 covers the costs of a student's tuition and fees for one year. Once we enroll a qualified student in tuition assistance, we want to ensure his family that he will be sponsored for his entire career at U of D Jesuit. This is why a four-year pledge is required for a sponsor to be assigned a student.
"Imagine our class with 60 less students. That is how many students received financial assistance in [our] class. I would not be here without my Circle of Care sponsor. The many generous donors to U of D Jesuit are the reason we have such a diverse and interesting student experience." -Scholarship Alumnus
A complete list of benefactors for Annual Scholarships is available upon request from David Gumbel '00, Vice President for Institutional Advancement, at 313-927-2347.
If your philanthropic goal is to provide a lasting legacy at U of D Jesuit, a named Endowed Scholarship offers you the opportunity. A fully-funded named scholarship has a gift total of $250,000. There are several ways to provide scholarship funding and to work toward the fully-funded level, which are discussed below. Your named Endowed Scholarship becomes part of our Circle of Care scholarship program.
Endowment Scholarship Funding
Once an endowment is established, a portion of the investment income is available for spending, while the remainder is added to principal to increase the fund over time and safeguard against inflation. Our current endowment spending policy allows for spending up to 4.5% of the average market value of the fund as calculated for the three calendar years prior to the beginning of the fiscal year.
- Administration of Circle of Care Scholarship Funds
- Minimum to initiate an Endowed Scholarship Fund
- Scholarship Funds with Gifts below $50,000
- Scholarship Funds with Gifts between $50,000 and $250,000
- Full endowment - Circle of Care Scholarship Funds at $250,000 or more
When a fund grows to $250,000, it is considered fully-endowed and pays at least one full scholarship award. (This may or may not be full tuition, depending on the school policy at the time, the prevailing tuition, and the financial need of the student and his family). Also, the named fund is listed every year in the President's Report and on the donor recognition wall.
Endowed Gifts for Programs and Facilities
Your gift can last forever
An endowment gift to U of D Jesuit today provides a brighter picture for our future. When you make an endowment gift for a program or building project, you give a gift with both immediate and long-term benefits.
Endowment donations are invested. A portion of the investment is used to for the program or building project. The remaining funds are reinvested to ensure indefinite support.
You can fund your endowed gift with cash, appreciated securities, tangible personal property, or real estate.
Are you interested in creating an Endowment?
David Gumbel '00, VP of Institutional Advancement, at 313-927-2347 David.Gumbel@uofdjesuit.org
Katie Sznewajs, Director of Individual Giving, at 313-927-2325 Kathryn.Sznewajs@uofdjesuit.org