ENDOWMENT

An endowment is a group of funds set aside permanently so that only a portion of the earnings is used on an annual basis. An endowed gift is one in which the original principal in never touched, and only a small percentage of the earnings are used for annual operating expenses or for the purpose the donor has specified, such as scholarships. St. Cecilia’s endowment has general operating and scholarship funds.

An endowed gift is a gift that keeps on giving. The gift exists in perpetuity - it is the future of St. Cecilia Academy and our students. As the funds’ principals continue to grow, so does the amount available to be awarded to students and offset operating costs.

Endowment funds can provide a reliable and flexible revenue stream. They are also an important marker of any school’s long-term financial sustainability.

What is an endowment?

Once established, an endowed scholarship provides financial assistance to one or more students each year in perpetuity. Awards are made to qualified students according to a simple fund agreement between the donor and St. Cecilia Academy. Typical endowment awards are in the area of financial need. An endowment gift is invested along with the school’s other endowment funds in accordance with the school's investment policy. A portion of the annual earnings is made available for financial assistance and the balance is returned to the principal to ensure its future growth.

How can I establish an endowed scholarship?

Persons interested in establishing a named endowed fund/scholarship are encouraged to consult with the Development Office prior to making the gift so that the donor's intentions are appropriately established in writing. Discussion of any named endowed fund/scholarship agreement on behalf of St. Cecilia Academy shall be done with the knowledge, consent and signature of the school principal.

A donor may create an endowed scholarship fund to provide tuition assistance for students with a minimum commitment of $25,000. This amount can be paid in full or with a minimum gift of $5,000 initially and fully funded within five (5) years.

A donor may create a full tuition endowed scholarship with a minimum commitment of $300,000 for St. Cecilia Academy. This amount will be payable in full or at least an initial gift of $50,000 and fully funded within five (5) years.

The awarding of an endowed scholarship will not commence until the minimum commitment has been funded.

What endowed scholarships do we currently have at St. Cecilia Academy?

The Agnes Eckhardt Nixon Financial Aid Fund
Agnes Nixon, a St. Cecilia Academy graduate Class of 1940, established this scholarship in 1989. Scholarships are awarded to qualified students seeking admission to St. Cecilia Academy and who, because of financial circumstances, would otherwise be unable to attend.

The Alma Wehby Memorial Scholarship

Designated for a family with financial need, this award was established in 2014 in memory of Alma by her sister, Elizabeth, through her bequest to St. Cecilia. Elizabeth was dedicated to supporting Catholic education.

The Andrea Broadbent Memorial Honor Scholarship
The scholarship was established in 1994 in memory of Andrea J. Broadbent ‘94. The Scholarship is awarded to a rising senior who exhibits academic and creative excellence.

The Andrea and Samantha Wheatley Scholarship

Named for their daughters, Andrea SCA ’09 and Samantha SCA ‘07, Drs. Sue Lee and R. Michael Whitley established this scholarship in 2005. This need-based scholarship is awarded to a qualified Asian student.

The Anne Louise Eidell Wall Scholarship
Anonymous donors established the scholarship in 1994 in memory of Anne Louise Eidell Wall, Class of 1938, whose family has a long history with St. Cecilia Academy. The scholarship provides tuition assistance for incoming students demonstrating financial need, especially minority students.

The Bentley-deZevallos Scholarship

The Bentley-deZevallos Scholarship was established in 2011 by Edward deZevallos in memory and to honor his mother, Flora Bentley deZevallos ‘30, aunt Willie Bentley Horstmann ’27 and wife Pamela Hathcock deZevallos ’63 – for the great education they received at SCA. The award recipient is determined based on need, academic and athletic qualifications.

The Chip Dobbs Memorial Scholarship
This scholarship was established in 2007 by Karen Dobbs in memory of her husband, Chip. Karen and her daughters, Brittany ‘04 and Hayley ‘08 requested that the award be made to a rising senior that demonstrates the characteristics of leadership, initiative, and the ability to overcome obstacles and challenges. These are the some of the characteristics they saw Chip show as he battled his illness.

The Dr. Henry Schmitt Scholarship
Dr. Henry Schmitt was the second of ten children whose parents made great sacrifices to educate their children in the Catholic faith. He was a strong supporter of Catholic education and has assisted other families in providing a Catholic education for their children. The children of Dr. Schmitt established the scholarship in his honor. Funds from Scholarship are awarded to a St. Cecilia Academy student with several siblings to assist the family in providing a Catholic education to a daughter.

The Helen M. and George L. Smith Scholarship

In recognition of the emphasis placed by the Smiths on the inherent value of educational pursuits and the resulting success of their children in their chosen fields, their daughters Patricia ‘74 and Monica ’76 established the Helen M. & George L. Smith Scholarship to offer the opportunity for academic excellence to others. The award is based on the review of the grades earned in the first semester of 8th grade with a minimum B average required.

The Jesse and Anita Harris Scholarship
The Jesse and Anita Harris Scholarship was established in 2008 by Suzanne and Ian Bodell in memory of Suzanne’s parents who strongly believed in Catholic education. The Scholarship provides need-based tuition assistance to an incoming freshman from Christ the King Parish School.

The Karen and William Goodyear Scholarship, in Memory of Dolly Schultz

Karen Schulz Goodyear ’67 and her husband established this scholarship in 2008 in memory of Karen’s mother, Dolly. The award is made based on financial need.

The Kathleen Dyer Abbey Scholarship
This scholarship was established in 2006 by the Abbey Family in memory of Kathleen ("Kathy") who graduated in 1982. Mr. Abbey shared that Kathy was a very caring and loving young lady, and therefore this scholarship is awarded to a need-based qualified student who appears to exhibit those same qualities rather than solely on the basis of scholastic achievement.

The Lisa Elcan Bruner Memorial Award

The Lisa Elcan Bruner Memorial was established in 1993 in memory of Lisa, a 1973 graduate and a St. Cecilia Girl. The annual award is given to the St. Cecilia Girl from each year’s graduating class.

The Lisa Pendergrass Johnson Memorial Scholarship
The Lisa Pendergrass Johnson Memorial Scholarship honors Lisa, a St. Cecilia graduate of 1982, who demonstrated faith and service in her daily life. Lisa’s father, Dr. Henry P. Pendergrass, established the scholarship in 1996 in her memory.

The Lynn Robert Fredericksen Memorial Scholarship
This scholarship was established in 2007 by Patricia Fredericksen in memory of her husband, Lynn. Patricia and her daughters, Erica ’03 and Emily ’08 requested that the award be made to either a rising junior or senior that demonstrates an interest in American History and that may have outside interests in Model UN and/or Youth Legislature as these were interests of Lynn.

The Mary Sue and Joel Cheek Scholarship

The Cheeks were very committed to Catholic education. This scholarship was established in 2013 from a bequest of Mary Sue and Joel.

The Nashville Catholic Business Women's League's Aurelia Varallo Mariani Scholarship

This scholarship was established by the Nashville Catholic Business Women's League in 2000 in memory of beloved member, Aurelia Varallo Mariani, Class of 1951. It is awarded to an incoming Catholic freshman for her four years at SCA based on academic, extra-curricular and financial qualifications.

The Patrick and Ann Marie McRedmond Scholarship
Patrick and Ann Marie McRedmond established this scholarship in 1987. It is awarded to a St. Cecilia Academy student demonstrating financial need.

The Sister Annunciata Roesslein and Sister Louise Marie Roesslein Scholarship
The scholarship was established in 1997 by Miss Charlotte Roesslein and is for tuition assistance.

The St. Cecilia Academy Scholarship Fund
Monies from this fund are awarded to St. Cecilia Academy students who are in need of financial assistance and to reward academic excellence. The scholarship funds are awarded at the discretion of the Principal of St. Cecilia Academy.

The St. Cecilia Academy Alumnae Association Scholarship
The student recipient is a SCA Legacy (her mother, grandmother or sister is an alumna) and the student has a demonstrated financial need.

The SCA Class of 1971 Scholarship
The Class of 1971 created an endowed scholarship in honor of their class’ 40th Reunion in 2011. This 4-year award is given to a student with demonstrated financial need and has outside interests in service, sports, music, fine arts, etc.

The SCA Class of 1976
The Class of 1976 created an endowed scholarship in honor of their class’ 35th Reunion in 2011.

This is a 4-year award for a student with demonstrated financial need that has a commitment to service.

The SCA Class of 2011 – 150th Anniversary Scholarship
As their senior gift to St. Cecilia Academy, the Class of 2011, along with the support of their parents, created the 150th Anniversary Scholarship in honor of their class and the Academy’s milestone anniversary year. The student recipient will have a demonstrated financial need and be awarded at the discretion of the principal.

The Wieck Family Memorial Scholarship

Mr. and Mrs. James Wieck went to great lengths to provide a Catholic education for their children and their two daughters, Amy Wieck Hollahan ’84 and Sarah Wieck ’88 are St. Cecilia alumnae. The award is made to a student whose family is encountering financial hardships and are committed to a Catholic education for their daughter.

The William T. Coakley Memorial Scholarship
The scholarship was established in 2005 in memory of William T. Coakley, father of several St. Cecilia Academy alumnae. The scholarship is awarded to a rising senior demonstrating entrepreneurial skills.

Can I make a gift to an existing scholarship fund?

Yes. Please see the list above for a complete listing of endowed scholarships.
St. Cecilia Academy    |    4210 Harding Pike    |    Nashville, TN 37205    |    (615) 298-4525    |    info@stcecilia.edu
powered by finalsite