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Supporting Badin

Scholarship & Tuition Grant Guidelines

Guidelines for establishing and administering scholarship and tuition grant funds

Scholarship & Tuition Grant Guidelines

  1. The donor establishing a scholarship or tuition grant—endowed, quasi-endowed, or expendable—informs the Badin Advancement staff of the intent to fund a scholarship or grant, the title or name by which it is to be known, and any reasonable restrictions regarding the recipients. All restrictions must be consistent with the mission and policies of Badin High School.
  2. The donor and Badin High School execute a Restricted Fund Agreement.
  3. Upon completion of the Restricted Fund Agreement, the donor transmits to the high school cash, checks, securities, or other assets intended to form the principal for an endowed scholarship or grant, or to cover the cost of a full or partial expendable scholarship or grant. Badin High School becomes the sole proprietor of these funds.
  4. The recommended level to establish a named endowed scholarship or grant fund is $10,000. Endowed funds may also be established at lower levels based on the goals of the fund. The donor may increase the principal of the fund at any time by making additional gifts.
  5. Unless otherwise agreed upon by the donor and the high school, the school’s finance director places endowed funds in a scholarship or grant fund administered according to the investment policies of the Archdiocese of Cincinnati. This endowed scholarship or grant is invested in a variety of instruments to generate income. Only income generated by the endowed scholarship or grant principal is disbursed as scholarship or tuition-grant awards. Endowed funds are permanent and the principal remains intact. Only in the case of quasi-endowed funds can the principal be disbursed. The rate of return may vary depending upon prevailing conditions affecting the investments of the endowed scholarship or grant fund. In the case of an expendable scholarship, the finance director places the contribution in the general scholarship or tuition-grant reserve, and the funds are exhausted as agreed upon by the donor and the school.
  6. The school’s Scholarship and Grants Committee administers all merit scholarships and tuition-grant awards according to established criteria.

Our Commitment to You

Your investment in our students enables us to fulfill our mission to inspire young men and women to achieve their personal best, live their faith, and lead the future. We simply could not do this without your financial support. Badin High School is committed to being faithful stewards of your financial gift. As our partner in educating the fine young men and women of Badin High School, you have the right to know how your wishes are being carried out. This is our pledge to you.

Badin High School will:

  • Distribute and review scholarship, tuition-grant, and financial-aid applications according to the stipulations agreed upon with the donor or family and based on school policies.
  • Select scholarship and grant recipients through a committee structure.
  • Administer gift acknowledgements to the donor and facilitate thank-you notes from student awardees to the donor or family.
  • Invite the donor to the annual Scholarship Breakfast.
  • Provide an annual accounting of endowment funds at the request of the donor.