Since the inception of the Incarnate Word Academy Scholarship Program in 1980, 91 permanent scholarships have been established. Incarnate Word Academy is honored and profoundly grateful to those who have initiated the scholarships and to those who have generously contributed to the funds. Hundreds of students have benefitted. The permanent scholarships, which are generally initiated to honor loved ones, have helped families who might otherwise have been unable to afford the full cost of tuition at Incarnate Word Academy.
A permanent scholarship is an endowed fund. An endowed scholarship fund provides a predictable source of funding in perpetuity and will always memorialize or honor the name(s) placed on it. A minimum contribution of $10,000 is required to endow a fund. A donor has the option of funding the scholarship over a three to five year period. The basic plan underlying an endowed fund is simple. The principal of the fund is never spent. It is invested and the earnings are used to fulfill the purpose(s) for which the fund was created.
We can provide information about funding alternatives (cash, marketable securities, planned gifts); the process involved in creating an endowment (agreement terms); naming options (your own, a loved one, a business); and donor benefits (personal satisfaction, reports, interaction with scholarship recipients, donor recognition society).
We invite you to join us in continuing the tradition of making a Catholic education available to qualifying students. Currently, the Scholarship Program includes 9 scholarships in process toward permanent status. (Scholarship funds of $10,000 or more may be established as permanent endowments.)
If you are interested in participating in this program by making a contribution to any of the following scholarships, please contact Sister Martha Ann Snapka at (361) 877-1232 or Connie Cadena at the Advancement Office at (361) 883-0857.