Areas to Support

The Annual Fund helps to cover the shortfall between the full cost to educate our students and the tuition that we charge.  Contributions to the Annual Fund account for 12% of Fordham Prep’s essential operating budget, playing a vital role in sustaining the quality of our education and enriching the experiences of today’s Rams. You may choose to direct your Annual Fund gift to support: 

Academic Programs, Scholarships & Financial Aid, Global Education, iSTEAM, Mission & Service, Visual & Performing Arts or Where It Is Most Needed. 

The Annual Fund is also central to our Catholic, Jesuit mission and reflects our commitment to access and affordability. It supports the need-based financial aid that comprises a significant portion of the $6 million in tuition assistance awarded to over 50% of our student body.

With a gift to the Annual Fund you are providing important supplementary budgetary support. This lessens the fundraising burden for booster groups and activity participants and allows students to focus completely on their Rose Hill experience.

Annual Scholarships are another way to lend your support to deserving students who cannot afford to attend Fordham Prep without merit scholarships or financial aid. A gift in any amount will be used exclusively for tuition payments. Currently, 50% of Prep students receive $6 million in tuition assistance ranging from $1,000 to full tuition. Tuition for the 2024-25 school year is $24,610.

An endowment held by a non-profit organization such as Fordham Prep consists of funds that have been donated usually with a specific objective or purpose and then invested to generate income in perpetuity. Thus, the donation provides a long-lasting benefit to the organization, rather than if it were spent all at one time. Gifts of this type are classified as “pure” or “restricted” endowments, meaning that they must be used as originally intended/specified by the donor.

A benefactor may choose to support student scholarships. Another might fund a special program (e.g., a monthly guest speaker’s forum, faculty development, a specific need identified by the President) or a student prize (e.g., to recognize outstanding extracurricular leadership or exceptional sportsmanship). Most endowment funds given to the Prep have been earmarked for financial aid to students.

The funds that have been donated are not meant to be spent—nor are all of the earnings from the invested principal. A portion of the earnings is usually added to the principal; this is done to augment the endowment and to compensate for future inflation and possible economic downturns. The spendable income of the earnings is used for the purpose that the donor originally specified. Only endowment income can be spent. By law, the principal must remain intact in perpetuity.

Those intending to support the Endowment should make their contribution to Fordham Prep Formation Foundation Trust. The Fordham Prep Formation Foundation Trust is designed to be a perpetual source of financial support to the Prep to assist with fulfilling its mission of providing a premier education to deserving young men in the Bronx and surround areas. The Foundation helps ensure that all donations will be exclusively used for the Prep’s Mission. The Foundation is a separate legal entity, and all checks should be made out to Fordham Prep Formation Foundation Trust. 

This is the center of Fordham Prep’s endowment target: the creation of additional named endowed scholarship funds. The availability of additional tuition scholarships will make the difference between a student’s attending Fordham Prep—or even applying—and never having the opportunity to live the Prep experience. A complete listing of the Prep's more than 100 established named endowed scholarships can be found below.

Endowing a scholarship at Fordham Prep is the single most significant and effective gift you can make to our endowment. It has long been a practice of the school to have each scholarship recipient write a personal letter of thanks to his benefactor each year. We want each award holder to understand and appreciate what is being done on his behalf. A Named Endowed Scholarship Fund—providing a permanent tuition scholarship—can be titled for an individual, family or organization. A portion of the earnings from a scholarship endowment fund provides revenue for tuition scholarship support.

In order to endow a full or partial tuition scholarship fund, these are the requirements.

• Full Tuition Scholarship: $500,000
• Three-Quarter Tuition Scholarship: $375,000
• Half Tuition Scholarship: $250,000
• One-Quarter Tuition Scholarship: $125,000

Fully capitalized endowed scholarships are one of the most prestigious awards that the Prep can make to a student. Only those who give evidence of abiding financial need and certified academic promise can be the recipients of funds from one of the Prep’s fully endowed scholarships.

We are aware that most donors are not able to underwrite such a large amount. There are various other important ways of helping to fund student aid.

• An individual, family or organization can create a named endowed fund with a donation of $25,000 or more. Additional contributions to principal may be made in ensuing years.

• We welcome contributions and pledges of any amount to an existing scholarship endowment fund. A donor who adds to an established fund can enjoy the satisfaction of knowing that his or her gift will help students well into the future.

• Gifts to endowment may be pledged and paid over a period of up to five years.    

To see if your class has established a scholarship endowment in honor of a reunion or special circumstances, please view the list below. If you are interested in learning more about setting up a scholarship endowment with your classmates please contact us below!

Those intending to support the Endowment should make their contribution to Fordham Prep Formation Foundation Trust. The Fordham Prep Formation Foundation Trust is designed to be a perpetual source of financial support to the Prep to assist with fulfilling its mission of providing a premier education to deserving young men in the Bronx and surround areas. The Foundation helps ensure that all donations will be exclusively used for the Prep’s Mission. The Foundation is a separate legal entity, and all checks should be made out to Fordham Prep Formation Foundation Trust.