Loyola High School Foundation

The Loyola High School Foundation is a nonprofit organization established to support the activities and objectives of Loyola High School in Detroit, Michigan. The foundation operates under the designation of educational support and is classified as a tax-exempt organization under the Internal Revenue Code.

History

Founded in 1993, Loyola High School was created in response to a significant need within the Detroit community for educational opportunities tailored for young men. Initially called Loyola Academy, the school began with only 43 students in a small wing of the former St. Francis Home for Boys. Recognizing the importance of providing a structured educational environment, the Archdiocese of Detroit and the Jesuit Provincial of the USA Midwest Province collaborated to establish the institution. The school quickly gained traction, moving to its current location shortly after its opening and expanding its grade offerings each year until it reached full enrollment in the 1996-1997 academic year[1][2].

Mission and Objectives

The mission of the Loyola High School Foundation centers on nurturing young men through a comprehensive educational approach that emphasizes academic excellence, character development, and community service. The foundation adheres to the Jesuit tradition of "Men for Others," preparing students not only for higher education but also for responsible citizenship and community engagement[1].

Organizational Structure

The foundation is governed by a board of directors who volunteer their time to manage the financial aspects of the organization, ensuring that funds are appropriately allocated to support the school’s mission. The board comprises individuals with diverse skills and experiences, reflecting a commitment to governance and community service. Key committees within the foundation focus on auditing and finance, investment oversight, and governance[3].

Financial Overview

The Loyola High School Foundation primarily generates revenue through investment income, which constitutes a significant portion of its financial resources. Contributions from alumni, parents, and community supporters also bolster its capabilities to fund educational programs and initiatives. The foundation's financial practices emphasize transparency and accountability, with regular reporting on its fiscal activities[4].

Impact and Programs

Through its various initiatives, the Loyola High School Foundation aims to enhance the educational experiences of its students. Key programs include the Loyola Work Experience Program (LWEP), which allows students to gain real-world work experience, thereby fostering skills that are essential for their future career paths. The foundation also actively invests in the professional development of faculty and the expansion of academic offerings, ensuring that students receive a holistic education that prepares them for the challenges ahead[1].

Conclusion

The Loyola High School Foundation plays a crucial role in supporting the mission of Loyola High School by providing financial resources and strategic guidance. By fostering a culture of philanthropy and community involvement, the foundation helps to ensure that the school can continue its legacy of transforming the lives of young men in Detroit, aligning with the Jesuit values of education and service.