Nativity Prep Receives $100K Endowment
The Daily Transcript (February 15, 2006)
By Amy Yarnall
Logan Heights—Nativity Prep Academy has received an endowment of $100,000 to benefit its scholarship program. The privately-funded college prep school received the endowment through the Endow San Diego initiative of the San Diego Foundation.
“The endowment for Nativity Prep is a great example of the power of an endowment,” said Bob Kelly, president and CEO of the San Diego Foundation. “This money will provide a financial base for student scholarships well into the future. The Endow San Diego initiative is designed to build permanent endowments to improve the quality of life in San Diego’s communities.”
The $100,000 gift comes in two increments, with $50,000 gifted in December 2005 and an additional $50,000 to be received in March 2006. This $100,000 gift brings the schools’ total endowment to $500,000. The endowment was established in July 2005 with a gift of $300,000 from Lebherz Insurance Services, and $100,000 in September from Hoehn Motors.
The San Diego Foundation is a non-profit, community-based organization whose mission is to improve the quality of life in San Diego through philanthropy.