The Marcus Family Challenge
The Marcus Family Foundation Challenge
“Together we can sustain the dream of opportunity”
Through the extraordinary generosity of Judy and George Marcus and the Marcus Family Foundation, Cristo Rey San José Jesuit High School is honored to announce the launch of The Marcus Family Foundation Challenge.
This initiative will enable Cristo Rey San José to raise crucial annual funds to help meet immediate needs, and also establish an endowment to support the ongoing growth of our students, today and into the future.
Case For Support
Cristo Rey San José is the only private, Catholic college preparatory school for students from underserved communities in East San José. The school was founded specifically to deliver a unique education for primarily first-generation students to attend and complete college. The dream is to make a transformative educational experience a reality for hundreds of young men and women, and in doing so, move future generations out of poverty.
The Cristo Rey San José Funding Model
All Cristo Rey San José students depend on a partial scholarship to fund their studies. Families pay a modest fee based on household income, an average of $60 per month. Approximately 48% of the $16,000 educational cost is earned through our Corporate Work Study Program, which is similar to a year-long internship. Generous individual donors and foundations make up the difference of 45%.
Building for the Future
Inspired by the philanthropy of Cristo Rey San José founder and Co-Chair Emeritus, John A. Sobrato, Judy and George Marcus have made a commitment to establish an endowment benefitting Cristo Rey.
They have also set forth a challenge to all past and future supporters of Cristo Rey to join them in their commitment - a commitment to sustain Cristo Rey’s mission and the community Cristo Rey serves for years to come.
“Leveraging other sources of revenue”
The Cristo Rey endowment will link past, current, and future generations by providing stability and allowing the school to look far into the future, knowing that resources to meet student needs will continue to be available.
Although endowments can provide critical support for programs and the promise of consistent support into the future, they are truly a supplement; they do not replace annual funding from other revenue sources such as grants, corporate support and philanthropy.
For Cristo Rey, this means that a large portion of our annual operating budget must continue to be covered through corporate partnerships and fundraising, in order to cover the gap between expenses and earnings from an endowment.
The Cristo Rey Board of Directors and The Marcus Family Foundation invite you to join us in participating in The Marcus Family Challenge:
Our goal is to raise $5,000,000 for Annual Operations or Scholarships between December 1, 2019 and June 30, 2020.
Cristo Rey San José aims to foster and nurture attributes in all students, such that by graduation and throughout their lives they are and will be: striving for justice, open to growth, committed to faith, loving, intellectually engaged, and professionally engaged.
Together, with your help, we can sustain the dream of opportunity and end generational poverty through education.
Please contact Lydia Kokolskyj-West, Vice President of Advancement to discuss how you could help extend the impact of the Marcuses investment and support Cristo Rey (email@example.com or 408-293-0425 x140), or make a gift today!