Richard M. Schulze Family Foundation $25,000 Challenge Matching Grant
St. Mary’s School has been presented with an incredible opportunity to receive a $25,000 matching grant from the Richard M. Schulze Family Foundation. This Challenge Matching Grant requires our school to raise $25,000 by December 31, 2021. If we were to raise $25,000, the Schulz Foundation would match the $25,000, which then totals $50,000 back to our school!
Donations from either first-time donors or an “increased” monetary donation from current donors can contribute to this challenge. To clarify, gifts from first-time donors will count towards the challenge or if current donors raise their donation amount from their last gift, only the increased dollar amount will count towards the challenge. This is an “all-or-nothing” challenge. So if we don’t raise $25,000 by December 31st, we do not receive any matching grant money.
All 13 Catholic schools in the New Ulm Diocese have been presented with this Challenge Matching Grant. In addition, the Diocese of New Ulm’s Office of Catholic Schools has also been presented with a $50,000 Challenge Matching Grant with the same conditions. If all of the 13 Catholic schools and the diocese meet their goal, the diocese, as a whole, would receive $750,000 in matching grant money. Dr. Michelle Kramer, director of the Office of Catholic Schools for the Diocese of New Ulm states, “the money would support marketing and enrollment initiatives and would also allow for ongoing training for teachers, particularly in assisting them to adapt instruction to meet the needs of individual students be working with standardized test data and through the use of instructional technology.”
The Richard M. Schulze Family Foundation was created in 2004 the Dick Schulze, who is a Minnesota native and also the founder of Best Buy. He and his family want to give back to the communities where he and his family grew up. “Schulze and his family believe that a good education, a supportive family and a strong work ethic prepare children for a successful future.”
Below is a video explaining more about the Challenge Matching Grant.
How can I contribute?
- Send a check or cash to St. Mary’s School with a memo stating Schulze Challenge Matching Grant
- Thrivent Financial members can designate their Thrivent Choice Dollars to St. Mary’s School
- Over the age of 72 and have an IRA? IRA withdrawals to charitable donations, like this Matching Grant, are tax free.