SOURCE: Catholic Education Foundation

Catholic Education Foundation

September 19, 2011 13:05 ET

Richard Riordan Announces Catholic Education Foundation's "$100 Million Legacy Campaign"

LOS ANGELES, CA--(Marketwire - Sep 19, 2011) - Former Los Angeles Mayor Richard Riordan announced a "$100 Million Legacy Campaign" for the Los Angeles-based Catholic Education Foundation (CEF) on Friday, Sept. 16. The purpose of the campaign, which will be conducted over two years, is to encourage CEF supporters to make provisions in their trusts or wills for the Catholic Education Foundation.

"This initiative will insure CEF's goal to help economically disadvantaged students with a Catholic school education and provide them with the hope of becoming future civic leaders, valued employees, and community volunteers," says Riordan, president of CEF's Legacy Society.

A recent study conducted by LMU/LA Center for Catholic Education shows that students supported by the CEF, who are the most vulnerable, are better prepared for college than their peers at comparable public schools. In fact, 98 percent of CEF students graduate from high school in four year and 98 percent go on to college.

The impetus for the campaign was an $11.3 million endowment gift from the Frank and Blanche Seaver Trust. "The Seaver gift will provide for at least 600 additional tuition awards every year, adding to 7,300 awards currently provided by CEF," says Kathleen Anderson, CEF Executive Director. "We know that 27,000 students attending our Catholic schools are eligible for our awards and we must find a way to help them all."

Riordan, who was founding president of the CEF in 1987 and continues to serve as a Trustee, announced the "$100 Million Legacy Campaign" at a Friday dinner held at his home to also recognize CEF's founding Board of Regents, who gathered to celebrate the start of the Foundation's 25th year. Since its inception, CEF has provided over 120,000 tuition awards for Pre-K through 12 grade Catholic school students throughout the Archdiocese of Los Angeles.

In attendance at the dinner was new Southland Archbishop Jose H. Gomez who observes, "Catholic schools have a tremendous impact not only on our area's Catholic families but on the entire Los Angeles community as well. Transforming young students into well-educated, responsible citizens makes CEF a significant contributor to our future."

Founding CEF Chairman Cardinal Roger Mahony, who accepted the earlier Seaver gift on behalf of CEF, says, "It pleases me to know of the success of our CEF students and the impact today from establishing CEF 24 years ago. CEF provides the most underserved families in Los Angeles with a choice to fulfill their educational dreams at a Catholic school." Cardinal Mahoney now chairs the Board of Regents.

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