Establishing An Endowed Scholarship Fund
The HOBAN TRUST FUND manages and oversees the funds invested in the Archbishop Hoban High School Endowment. The Hoban Trust Fund exists to provide funding for the school in perpetuity. Each year, a portion is distributed to the school’s annual operating budget to cover tuition assistance needs, as well as restricted endowment allocations.
Creating an endowed scholarship to Hoban is a very meaningful way to honor or memorialize a loved one, family member, or someone you hold dear. A scholarship is a lasting tribute and a powerful testimonial to your belief in the value of Catholic education in the Holy Cross tradition. Scholarships at Archbishop Hoban are endowed at the $10,000 level before distributions can be made.
The Advancement Office works with each donor to craft language specific their philanthropic goals while ensuring their intentions are followed. Hoban’s endowments provide an opportunity to assist current and future generations of students. At the same time, it enables donors to recognize significant individuals – such as alumni, family members, classmates, or faculty - who have lived their lives in the Holy Cross tradition.
- How much money does it take to start an endowment?
- What else does it take to start an endowment?
- Whose name is on the endowment?
- My lawyer knows about endowments. Can I have him/her prepare my endowment agreement?
- Do I need to sign an endowment agreement or meet a minimum gift level if I want to give to an existing endowment?
- Exactly how is the spendable income used?
- How do I find out about my endowment after I have made my gift?
- Can I meet the student(s) who benefited from my scholarship?
- How will other people know about my endowment?
- Can others donate to my endowment fund?
- What else do I need to know?