Scholarships

Need for Scholarships

Elder’s graduates and friends have always recognized the unique values of an Elder education. In fulfilling the desire to perpetuate this opportunity to succeeding generations of young men, individuals, couples and classmates began creating permanent scholarships in the early 1980s. The donations are held intact with only the annual income used to award tuition assistance to Elder students.

Since that time, these funds have grown to over 260 individually named scholarships, thus providing increased support each year. Today, these endowed scholarships have grown to over $22 million.

We are extremely grateful to these donors who have provided scholarship opportunities for our students. The scholarship funds provide nearly $900,000 income for tuition assistance each year. Most are need-based and some have special designations.

Types of Scholarships

Annual
Some individuals prefer to make annual tax-deductible donations to provide tuition assistance for Elder students. These donations can be earmarked as renewable if the donor wishes to assist a young man over his four years at Elder by making repeated annual donations.

Endowed
Permanent scholarships can be created through a gift to Elder High School or to The Altiora Fund. Creating a permanent scholarship can be done through a cash gift or as part of an estate plan naming Elder High School or The Altiora Fund as the recipient of the proceeds. Over 260 permanently-endowed scholarships have been formed at Elder ranging in size from $30,000 to over $1 million.

For More Information

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Mr. Thomas Reiring

Director of Development

513-921-3425

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How to create a permanently endowed scholarship fund
- The minimum gift to create the fund is $30,000, which can be donated over a 3-year period. Once that threshold is met, the fund is permanently established and named.
- Donor may specify either financial aid or academic awards.
- Gifts are endowed with awards made from income only, not the principal. The principal of each scholarship is maintained on Elder’s books and income is distributed at 4% based on the three-year rolling average of the fund.
- Awards are made in the name of the fund’s honoree following the first complete fiscal year of earnings.
- Elder encourages growth in each fund through future donations or estate plans, thus helping supplement increasing tuition.
- Donors are invited to the annual scholarship Mass and dinner.
- Named scholarships are published annually within The Pride magazine.
- For larger scholarships with principals of $50,000 or more, specific qualifications for the award may be added by the donor in agreement with Elder’s administration (i.e. a student from a particular parish, physical disabilities, single parent family, etc.).