Endowments Offer Long-term Benefits to BC

Donors makes a life-changing impact on students by providing financial aid dollars, funds for academic programs, support for athletics and activities, important capital for facilities needs and much more. Imagine the impact of making a gift that lasts forever.

The Independent Catholic Foundation (ICF) has become Central Pennsylvania’s largest charitable foundation serving the Catholic community with endowments invested according to the ethical, moral and social teachings of the Catholic Church.

Several endowments at the ICF benefit Bishop Carroll. Anyone can contribute to the existing endowments or open a new endowment. New endowments created by families, alumni classes, etc. may be opened for $10,000 or more of pooled contributions. Opening an endowment is a perfect opportunity for donors who make significant annual fund gifts or maintain a Named Scholarship. 

The list of existing endowments and their areas of support are below. Contributions of any amount may be made to these endowments at any time through the Independent Catholic Foundation, 3618 Fifth Avenue, Suite 1, Altoona, PA 16602.

Endowments for the benefit of Bishop Carroll Catholic High School

[2020-21 Academic Year Distributions shown in brackets]

Bishop Carroll Catholic High School, Inc. Endowment Fund [$257.22]

Established in 1992, this fund may be designated for scholarships, tuition assistance, general operations and various needs of the school programs.

Deacon William S. Cronin Education Endowment Fund [$47.02]

Established in 1994 in memory of Deacon Cronin, this fund provides for scholarships, tuition assistance, general operations and various needs of the school programs.

John F. Schrankel, Esq., Scholarship Endowment Fund for Catholic High Schools [$4,331.28]

Created through a gift in 1995 by the estate of John F. Schrankel, Esq., to provide financial assistance to students entering or continuing to attend Catholic High Schools within the Diocese.

Bishop Carroll Catholic High School, Inc. Partnership for Education Endowment Fund [$107.68]

Established in 1997, this fund provides for capital improvements and scholarship aid for BCCHS.

Delle Rose Endowment Fund [$10,000.00]

Established by the late Charles and Marie Delle Rose in 1999 to support the high school work-study program with preference for students from Carrolltown, Hastings, No. Cambria and Patton.

Capon Family Scholarship for BCHS Endowment Fund [$888.74]

Established by the Capon family in 2007, this fund provides a $500 scholarship to second, third, etc. student enrolled at BCCHS from Holy Name Catholic Church (with first preference to those in the free/reduced lunch program). Distribution balance benefits the Forensics Program.