Circle of Care Scholarship
University of Detroit Jesuit High School & Academy is often approached by benefactors who wish to support an Annual scholarship which will provide financial aid to qualified U of D Jesuit students. Opportunities exist to sponsor a student with a four-year pledge of $12,700 per year, which enables sponsors to be matched with a current student.
Full Scholarship Funding
An annual donation of $12,700 covers the costs of a student's tuition and fees for one year. Once we enroll a qualified student on financial aid, 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.
The Financial Aid Committee will match every scholarship sponsor with a student. Our goal is to match the same student to a sponsor for his entire high school career. Sponsors will have an opportunity to meet their student and his family at the annual Prayer Service and Dinner in the fall. In addition, the student assigned will communicate through mail with the sponsor periodically throughout the academic year. Scholarship students must maintain a 2.25 grade point average to continue to receive their scholarship.
"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." a former scholarship recipient.
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.
University of Detroit Jesuit High School & Academy offers benefactors Endowed scholarship opportunities which will provide scholarship funding to deserving U of D Jesuit students. You will have the opportunity to name the Endowed scholarship. 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.
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.
If you are able to help us, we welcome your interest and offer the following guidelines:
Administration of Circle of Care Scholarship Funds
U of D Jesuit will deposit gifts for a named scholarship fund into the school's investment account(s). The funds will be commingled with many other endowment gifts and are professionally managed.
Minimum to initiate an Endowed Scholarship Fund
We will begin a named fund with a pledge of $250,000 and an initial gift of $50,000 toward that pledge. We prefer that the pledge will be fully paid within five years.
Scholarship Funds with Gifts below $50,000
U of D Jesuit intends to keep administration of the fund as simple as possible. To that end, there will be no disbursements specifically attributed to the fund until it reaches $50,000.
Scholarship Funds with Gifts between $50,000 and $250,000
When a named scholarship fund reaches the threshold level of $50,000, four and a half percent of the fund will be disbursed as scholarship. Named funds between $50,000 and $250,000 are considered “partially-endowed scholarships.” At this time, the donor is matched with a current student and is recognized in our Circle of Care.
The Financial Aid Committee will match each scholarship benefactor with a student. Our goal is to match the same student to a sponsor for his entire high school career. COC sponsors meet their student and his family at the annual Prayer Service and Dinner in the fall. In addition, the student assigned will communicate through mail with the sponsor periodically throughout the academic year.
Full endowment: COC Scholarship Funds at $250,000 or more
When a fund grows to $250,000, it would be considered fully endowed and would pay 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). The fund would also be permanently listed in the annual President's Report and on the donor recognition wall.
To date, there are more than 75 Endowed Scholarships at U of D Jesuit. Support for scholarships have come from generous individuals, families and foundations.
A complete list of Endowed Scholarship Benefactors is available upon request from David Gumbel '00, Vice President for Institutional Advancement, at 313.927.2347.