I just read over at Memphis Seminarian Dennis’ blog the following.
Last night, the bishop announced that in addition to yesterday being the 35th anniversary of our diocese, it was also the 39th anniversary of his ordination to the priesthood, but that wasn’t the big news.
The big news was not just one announcement, but three:
1. The Jubilee Schools endowment had reached $44 million. With the interest earned on the endowment, they will be able to meet the budgetary requirements of the Jubilee schools indefinitely. The Catholic Diocese of Memphis’ urban schools will be able to change the culture of our city for a long time to come.
2. Memphis Catholic High School (my alma mater, class of 1984), will be renovated from top to bottom. I don’t know what that means or how much money is involved, but I say “Thank you, Jesus!” The school building itself is very much in need of an overhaul. Also as regards Memphis Catholic High School, the bishop announced that the school has entered into work/study partnerships with some 25 corporations around town, allowing students to earn valuable job experience, increasing the impact our Catholic schools will have on the culture of our city’s center.
3. Finally, the bishop announced that a new Jubilee school will be built. The land has not been purchased yet, but the school will be located at Resurrection Church in the Hickory Hill area of Memphis.
All of these announcements met with great approval from the people who had joined the bishop at the cathedral for evening prayer last night. Cool stuff, right?
This is really great news. The new Jubilee school are doing a great service for the city as a whole. It’s one of the wonderful things about Memphis (I hope me talking good about Memphis doesn’t shock anyone). For those of you that don’t know, the Jubilee schools are parish schools that have long been closed. Most of them are in poor neighborhoods that have a dwindling Catholic population. Now, I don’t know for sure where the money came from, but the Diocese received money that was earmarked specifically for re-opening some/all of the parish schools in memphis that had been closed. Now it looks like the endowment has reached a point where it’s self sustaining. If I am reading this correctly, the money for these schools is at a point where the schools are actually run using the interest from the money. That means they should be able to stay open indefinitely, assume there are not any economic disasters in the future. I am very happy to hear this news as I graduated from one of these schools that has been reopened. That parish is where i converted to the Church in 1981. I graduated from the 8th grad there in 1984. I’m glad to know that it’s back open and providing a valuable service to the whole community. Note that the children attending these schools are for the most part not Catholic. They are local kids who would otherwise not be able to afford anything more than a public education from the Memphis City Schools.
The news about Catholic High is also wonderful news. I know it was in need of refurbishment. It was probably in need of it way back in ‘84 when Dennis graduated, so it’s good that it’s being done.
I’d like to congratulate the Diocese of Memphis and Bishop Steib for this great accomplishment. It’s really a wonderful thing that the Catholic Schools are doing in Memphis.
[vita mea: Announcement from the Bishop]
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