What are endowed scholarships?

Endowed scholarships are used to provide financial aid on a need-based system for Cor Jesu students. They are established with a single gift or through installments. Partially endowed or fully endowed scholarships can be established. In order to have a named scholarship, a donor is asked to contribute $16,000 for a partially endowed scholarship and $123,000 for a fully endowed scholarship. A partially endowed scholarship allows us to offer partial tuition remission and a fully endowed scholarship allows us to offer full tuition remission.

How are Endowed Scholarships started?

They can be started with a gift of $5,000 or more and the intention to complete the endowment over time. Gifts may be of cash, appreciated assets or property.

How are they completed?

Some people choose to establish their Endowed Scholarship with a single gift of $16,000 or $123,000. Others make annual contributions until the Endowed Scholarship is complete. Still others complete an Endowed Scholarship through a bequest in their will or through other provisions in their estate plans.

The Principal is never spent!
Cor Jesu Academy has all Endowment money in a separate investment fund. The principal is invested in a balanced portfolio of stable investments. Income from these investments is used to provide the scholarships.

This is a wonderful personal legacy for those establishing such a scholarship. You are ensuring a future education for qualified young women at Cor Jesu Academy in perpetuity.

If you are interested in establishing an Endowed Scholarship or have questions, please contact contact Katie Thiemann, Director of Institutional Advancement, 10230 Gravois Road, St. Louis, Missouri 63123, (314) 842-4429 ext 278 or kthiemann@corjesu.org.