SI's Development Office, while raising money to improve the campus, also needs to continue expanding the Scholarship Program. We want to continue to serve middle-class families, many of whom will be squeezed out if we don't keep costs under control and provide needed assistance. Currently 22 percent of SI's students receive $3.9 million in scholarships. Please help us do this by giving generously to the SI Scholarship Endowment Fund.
A Gift of an Education Lasts a Lifetime: Consider Establishing a Perpetually Endowed Scholarship
- Full Cost Tuition
- The Way It Works
- Endowed Scholarships
- How Do I Begin A Scholarship
- Can I support SI's Scholarship program without starting a scholarship?
- Make a Gift
SI's “full cost tuition” philosophy means that tuition is tied to the actual cost of educating each student. Tuition covers faculty salaries and operational costs for each given school year; it is not used to provide student financial assistance. To guarantee our policy of not turning away any qualified student for financial reasons, SI uses a scholarship endowment to meet the financial needs for any family. Our admissions process is “need blind,” which means that students are accepted regardless of family financial circumstances. Any family can apply for financial assistance; the school will meet whatever need each family demonstrates.
Tuition for the 1990–91 school year was just under $5,000. For 2016-17 it is $21,290. SI has had to keep pace not only with cost of living increases but also with increases in benefits and health care costs while trying to attract and maintain a talented and competent faculty.
Assuming current trends hold, the graph below projects tuition increases against projected financial assistance availability. SI’s challenge is to ensure the financial assistance curve keeps pace with projected tuition costs.
Money donated for a scholarship goes into our Scholarship Endowment, $42 million strong as of June 2008. Following what’s called the “Yale Model,” a percentage of the return off the investment of those funds is used to provide the necessary financial assistance each year. The principal of the gift is never invaded and sufficient growth is retained to ensure the perpetual purchasing power of each scholarship.
Scholarships may be named for individual donors, for a group or family, in honor of others, or in memory of a deceased family member or friend. With a corpus of $25,000, the scholarship is Partially Endowed, the school begins to assign students to it, and the scholarship is listed in the Genesis magazine; at $100,000, the scholarship is Fully and Perpetually Endowed. All awards are need based, but donors may advise the Scholarship Committee regarding preferred student talents, interests or characteristics.
Read about people who have honored loves ones through a named scholarship
- Students start scholarship fund to honor Sablinsky legacy at SI
- Class Of 1957 Creates Gary Leahy Scholarship
- Scholarship Honors Fr. Dick McCurdy
- Class of 1955 Creates David P. Dawson Scholarship
- Boninos Create Performing Arts Scholarship
- Kurtela Scholarship Honors Father’s Volunteer Work
- Tribute to Memory of Jean Travers ’35
- The Murphy's create scholarship to honor man who built Bay Area landmarks
- Jerry Brown’s Class of ’55 honors him by creating fully endowed scholarship
- SI Alumni Use Named Funds to Remember Admired Relatives
It’s easy. Contact SI’s Development Office. Although a scholarship is not assigned to a student until the fund reaches $25,000, any amount can begin a scholarship. SI asks benefactors to work to fully and perpetually endow their scholarships in an agreed upon timely manner. Donors fill out an agreement with the school on how they would like the scholarship named and on any stipulations regarding recipients. Please feel free to contact the Development Office with any questions.
Can I support SI’s scholarship program without starting a scholarship? Absolutely. Many benefactors simply donate to the SI Fund and pool their donation in the Scholarship Endowment. Others donate to a specific scholarship. All of our Fully Endowed and Partially Endowed scholarships are listed on our web site.
You may make payments to your scholarship fund through gifts of cash (checks should be made out to St. Ignatius College Preparatory), gifts of appreciated stock, or donations online. For more information, contact the Development Office at (415) 731-7500, ext. 5214.
Absolutely. Many benefactors simply donate to the SI Fund and pool their donation in the Scholarship Endowment. Others donate to a specific scholarship.
For more information please do not hesitate to contact the Development office at 415-731-7500 x 5214.
St. Ignatius College Preparatory is a 501(c)(3) non-profit organization.
Tax ID: 94-1451515.