Currently there are over 110 Named Endowed Scholarships, awarding over 175 scholarships yearly to students in need of financial assistance. Scholarships awarded range from $500-$6,000. These scholarships provide opportunities for you and your family to invest in the ministry of Catholic education while helping fund a student's tuition. Your gift assists us in shaping a strong future for Magnificat and our ability to meet the financial needs of a diverse student body.
"I am the second of four children in my family. I had wanted to go to Magnificat
for as long as I can remember. With the help of scholarships, that dream became
possible…Some of my most enjoyable moments have come through the many service
activities that are available to students." -A 2005 Alumna
Scholarships may be named in memory or honor of a family member, friend or someone special to you. Or they can commemorate a special birthday, anniversary or achievement.
The donation is invested with the Magnificat Scholarship Endowment Fund and the spendable income is used annually for student assistance in accordance with the provisions of the scholarship. The principal can be added to at any time thereby increasing the amount of the award.
The donation may be given over a five year period. The scholarship is awarded when it reaches the $10,000 level. Once the scholarship fund has reached the $10,000 it is permanent.
"I attended Magnificat from 1957-61 and realize more and more
with each passing
year what a "SPECIAL" and rewarding experience it was for me. As children we
don't always appreciate what our parents do for us. I wanted to establish four
scholarships for the four years
I attended Magnificat." -A 1961 alumna
Along with your help and the gifts of others, over $3.2 million in tuition assistance has been awarded to Magnificat students over the last four years.
If you would like information on establishing a Named Endowed Scholarship please contact Susan Turek at 440-331-7227 or email at sturek@magnificaths.org.
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