Million Dollar School Challenge


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What is The Million Dollar School Challenge?
The CEF Board of Trustees approved additional endowment spending and $1 million dollars has been put aside to challenge our Catholic schools to help raise funds to clear all the students who are currently on their CEF waitlist.
These are students who are still waiting for a tuition award. They need your help to receive a CEF tuition award or they may have to withdraw from their Catholic school.
Who Can Participate?
Any Catholic school who currently has students on their CEF waitlist can participate up to $50,000 for high schools and $15,000 for elementary schools.
How Can Our School Participate?
  • 1.At the completion of Awarding for the 2015 FY (June 2014), Principals can visit the:PRINCIPALS ONLY page to view your “Awarded, Denials and Waitlist” report to see the names of the students that remain on your CEF waitlist.
  • .
  • 2. Based on $1,000 tuition awards for elementary and $2,000 for high schools, calculate how much you have to fundraise to clear your students up to the respective limit.

  • Example 1: If you are an elementary school and have 5 students on your waitlist. It will require $5,000 to fund them (based on $1,000/per award). You would need to fundraise $2,500 and we will match it 1:1.

    Example 2: If you are a high school and have 5 students on your waitlist. It will require $10,000 to fund them (based on $2,000/per award). You would need to fundraise $5,000 and we will match it 1:1.

  • 3. Send a check to CEF in the amount of funds raised up to the maximum amount allowed based on your school and its waitlist. CEF will only match funds to clear students from waitlist. You may not send more money than is needed to clear the waitlist or the respective limit.

  • Example 1: If you are an elementary school with 5 students on waitlist. You may only send enough money to clear those 5 students for the match.

  • 4. You may also send your friends, families, alumni and special donors to the CEF webpage MILLION DOLLAR SCHOOL CHALLENGE to donate and designate your school.

  • a. We will notify your immediately if funds arrive for your school.
When Do I Receive My Funding?
Million Dollar Challenge attributed Tuition Awards will be disbursed in conjunction with regular TAP Disbursements, once in the Fall of 2014 and once in the Spring of 2015. This will coincide with Fall & Spring Verification.
When is the deadline for the Million Dollar School Challenge?
Complete compliance forms detailing the type of fundraiser and total funds raised are due May 20, 2014 or upon completion of Fundraising with a final check.
How do we submit our check to CEF?
  • 1. Make your check payable to: CATHOLIC EDUCATION FOUNDATION

  • 2. In the notes portion of your check write: MILLION DOLLAR SCHOOL CHALLENGE

  • 3. Add a cover letter on your school’s letterhead that has the amount of the check you are enclosing and the names of students you want us to clear from your CEF waitlist.

  • 4. Mail your check to:

    CATHOLIC EDUCATION FOUNDATION
    ATTN: Million Dollar Challenge 3424 Wilshire Blvd., 3rd Floor,
    Los Angeles, CA 90010-2241
What if an individual donor wants to send a check to CEF on behalf of our school?
  • 1. They will make their check payable to:
    CATHOLIC EDUCATION FOUNDATION

  • 2. In the notes portion of their check write: NAME OF YOUR SCHOOL, CITY and MILLION DOLLAR SCHOOL CHALLENGE

    a. Example: Cathedral High School, Los Angeles-MILLION DOLLAR SCHOOL CHALLENGE

  • 3. They can mail their check to:
    CATHOLIC EDUCATION FOUNDATION
    ATTN: Million Dollar Challenge
    3424 Wilshire Blvd., 3rd Floor
    Los Angeles, CA 90010-2241
What if an individual donor would like to pay with a credit card?
  • 1. CEF has created a special donation page specifically for the Million Dollar Challenge. The Link to this page will be posted on this page soon.

  • 2. Please instruct the donor to choose your school from the drop down list on the donation page.

  • 3. CEF will process the gift and designate the funds to your school for this challenge.

Can I submit more funds than are needed to clear the waitlist?
  • No, you may only submit funds for the Million Dollar match that will clear students who are currently on your waitlist.