Not that many years ago, we were offering our students $1.0M in scholarship funds. Today, our total annual commitment to tuition assistance and merit scholarships is $5.5M, with most of these funds coming from annual operational resources. In the Lasallian tradition, Calvert Hall strives to offer our educational experience to students without regard to financial circumstances. We pride ourselves on our diversity – economic, social, racial, and religious. We are committed to providing the many opportunities we offer to all students who seek a Calvert Hall education.
With a larger endowment, we would be better positioned to sustain our scholarship funds in the years ahead.
Looking at our current student body, 50 percent of Calvert Hall students receive some level of tuition assistance. Our goal in this campaign is to secure $10.8M in named endowed scholarships for needs-based tuition assistance. With these new funds, we will be better positioned to meet the financial needs of many more students.
At Calvert Hall, we appreciate the value and importance of recognizing academic excellence and leadership. For this reason, we also look to move our merit-based scholarships from our annual operating budget to an endowment supported fund. A $3.7M fund will help support Calvert Hall’s commitment to merit-based scholarships as we go forward.
Ensuring that we have the resources to sustain our outstanding faculty is another goal for this campaign. Long-tenured faculty are a hallmark at Calvert Hall. We are blessed with faculty Calvert Hall 175 members who believe that their work here is a mission-driven vocation.
We need sufficient resources to recruit outstanding teachers – and, to retain them. Local public school teachers are earning 20-to-25 percent more than our veteran faculty members. We need to close the gap.
We look to add five Distinguished Chairs, at the $500,000 level for each chair. These endowed Chairs will support stipends to recognize outstanding teachers.
Also, a new $2.5M Endowment for Moderators & Coaches will fund larger stipends for faculty members who work with students in our 60 extra-curricular activities and 40 athletic teams.