Fall 2012 Issue - Archmere Academy

Scholarship GivingEndowment & Scholarship GivingThe ability to offer an Archmere education to the best and brightest students, regardless of financialcircumstances, not only provides a diverse and enriching learning environment for our students, but also allowsArchmere to fully recognize its Catholic, Norbertine mission. Archmere Academy is able to offer scholarshipsto prospective students because of the generosity of our alumni, parents, friends and donors who continuallysupport the endowment.Endowments are funds that are allowed to mature over time, ensuring the long-term stability and future ofan institution. Giving to the endowment helps Archmere plan its financial future, which ultimately shapes theeducational program we deliver and the environment in which we offer it.During the 2011-2012 fiscal year, three significant new scholarship funds were established, each one created witha unique focus, but all working toward supporting Archmere’s mission to inspire students to distinction.The Archmere Academy Alumni Legacy Scholarship FundAt the “Get Involved!” Alumni BBQ this past summer, Dr. Marinelli was presented with a check for $20,000 for the establishment of the ArchmereAlumni Legacy Scholarship Fund.At its June 2012 meeting, the Archmere Alumni Council voted to establish the Archmere Alumni Legacy ScholarshipFund, to provide scholarship and financial aid to eligible incoming students who are relatives of alumni. The $20,000gift was divided equally between endowment and the Archmere Fund so as to have an immediate impact on studentsattending Archmere this fall. This was the single largest gift ever made to the school by the Alumni Association.The Fund was created with the proceeds from the 2011 Archmere Academy Alumni Golf Outing. This year’s golf outing,which will be held on Monday, October 1 at The DuPont Country Club, will also benefit the scholarship fund.“The Legacy Scholarship Fund is a perfect way to promote the sustainability of the school, drive admissions andsupport legacies who otherwise could not attend Archmere,” said Marc Albero ’91, President of the Alumni Council.22