The school plans to put $30 million in funding toward new academic programs in nursing, public policy, and finance. Those funds will also be used to support its Belmont House in Washington, D.C., which hosts discussions on religious freedom and is a gathering place for civic engagement, the school said.
In addition to adding new scholarship programs toward making the school more affordable, Belmont Abbey College will put $55 million toward the school’s endowment fund in pursuit of reducing reliance on federal aid, which can come with strings attached forcing religious schools to provide services that violate Catholic principles, the school said last year.
Now that the Belmont, North Carolina, school has hit its initial goal, it is raising the bar to try to realize $50 million more by 2026.
William Thierfelder, the school’s president, said in a press conference Tuesday that the $150 million feat “providentially coincides” with the 150th anniversary of the institution’s founding in 1876.
Thierfelder said that “there is still so much more to accomplish.”
Some of the initiatives the school will aim to support with the additional funds, he said, are the new monastery, providing 150 endowed scholarships for students in the honors college, and 10 endowed academic chairs.
Credit: Source link
