IE Business Daily Business news for the Inland Empire.
The Roman Catholic Archdiocese of San Bernardino is increasing its annual scholarships to $3 million a year.
That means the diocese, which is trying to make its schools more affordable to lower and middle-income families, is giving about 20 percent more in scholarship money than it has in past years, according to a report in The Press-Enterprise.
The newly-formed Catholic Education Foundation plans to make its first scholarships available during 2015-’16 school year. If all goes as planned, 3,000 of the approximately 7,600 students attending Catholic schools in the Inland Empire will each receive $1,000 scholarships.
Ultimately, the success of the program depends on whether the diocese can meet its $3 million fundraising goal.
About $100,000 has already been raised, and an anonymous donor has agreed to pledge $1 million if other donors are able to raise that much, the report stated.
