Mount Notre Dame established an endowment in 2003 to secure the future financial stability of the school. Endowment gifts are often in the form of cash or securities but also may include gifts of real estate, appreciated property and planned giving options. Endowment gifts can be paid over a period of years and maybe designed for specific named funds and scholarships. Endowment primarily supports student financial aid but can also be restricted faculty development, academics, technology etc.
A named, endowed scholarship can be established with a gift or pledge of $25,000 or more. Pledge payments should be completed within five years. Once an endowed scholarship fund reaches $25,000, a $1,000 scholarship can begin to be paid out annually from the interested earned in perpetuity- thereafter. Note: Endowed Scholarship Funds must remain ‘untouched’ for one year after it has reached the minimum $25,000 in order for interest to be earned.
Named, endowed scholarships provide opportunities for individuals and/or families to invest in the ministry of a Catholic education while helping fund a student’s tuition. A gift assists Mount Notre Dame in shaping a strong future and helping the school meet the financial needs of a diverse student body.
Scholarship recipients are chosen by the Mount Notre Dame Scholarship Committee. The MND Advancement Department is responsible for ensuring that the student receiving the scholarship meets the established criteria.
Benefactors and scholarship recipients are given an opportunity to meet one another at an annual event held at Mount Notre Dame. Alternative arrangements can also be made. A signed Scholarship Agreement form is required for all named scholarship benefactors.