Scholarship Giving at Holy Ghost Prep
As a Spiritan school, a primary goal at Holy Ghost Prep is to offer a Catholic, faith-based education to all qualified students regardless of economic background. Now more than ever our current students rely on the generosity and commitment of previous generations of alumni, parents, and friends of the school to keep Holy Ghost Prep accessible and affordable. By giving to an established scholarship fund or by creating your own named fund you are offering a gift with both immediate and long-term benefits.
We have two options for Scholarship Giving:
Current-use scholarship fund donations at all levels have an immediate impact. The funds you donate are utilized and “spent down” in the short-term to benefit students at Holy Ghost Prep. Any amount may be given to support scholarships.
Sample current use scholarship:
$5,000 / year for 4 years (covers approximately 25% of one students tuition). Traditionally, the school will then match the annual donation from operating funds to create a one-half scholarship. Although not required, donors may commit a specific amount each year to follow the student for all 4 years.
Endowed scholarship fund donations support HGP students over the long term. These gifts create permanent funds where the principal gift is invested to generate earnings that are spent according to the fund restrictions. Endowed scholarship fund donations strengthen HGP for generations to come and may be established with a minimum gift of $25,000 with a goal of reaching $50,000 within 4 years.
Your gift to a current use or endowed scholarship fund will help tremendously in providing a quality Catholic education to countless young men.
See below for a list of existing scholarship funds to determining where you would like to direct you gift:
Donor Named Scholarships
Class of ’79 Scholarship (financial aid)
Shaginaw Scholarship (financial aid)
Keeley-Figaniak Scholarship (financial aid)
William Thomas Scholarship (financial aid)
Tutko Scholarship (Forensics)
Kevin Paparella Memorial Scholarship (financial aid)
Frank J. Marx V Memorial Scholarship (Award)
HGP Awarded Scholarships
Marchione Music Scholarship
Establishing a Named Scholarship Fund
Named scholarship funds provide a source of funding for qualified students and families attending Holy Ghost Prep. Funding a scholarship allows students from all financial backgrounds the opportunity to experience a Catholic education in the Spiritan tradition.
Named endowment funds may be established with a minimum gift of $25,000 or more with a goal of funding the scholarship at $50,000 within 3-5 years. All Named Scholarship Funds are executed through a simple gift agreement that outlines the donor’s intent for the fund and explaining the annual schedule of administration and reporting of the fund. Initial distributions of all endowed scholarship funds may begin 12 months after minimum amount is realized.
Gifts to Holy Ghost Prep’s endowment funds are strategically invested by the school and our Board of Trustees.
Endowed funds are invested according to policies established by the Board of Trustees. The Finance Committee of the Board of Trustees sets the payout rate of all endowed funds on an annual basis (approx. 4%). Any earnings produced in excess of the established distribution rate shall be reinvested within the fund to promote growth in principal.
To inquire about scholarship funding at Holy Ghost Prep, please contact Matthew Dwyer, Executive Director of Development.