Endowing the Ursuline Academy’s Legacy Campaign

Ursuline Academy pic
Ursuline Academy
Image: ursuline.org

After founding Security National Automotive Acceptance Corp. in Mason, Ohio with her husband Ted in 1986, Becky Catino led the company as president until 2011. A leader in community charitable activities as well, Becky Catino is a member of the Ursuline Academy (Ohio) Foundation’s board of trustees.

The Ursuline Academy of Cincinnati, a four-year Catholic college-preparatory school for girls, was established in 1896 by Ursuline sister Julia Chatfield and 10 other nuns from France. In the spirit of Ursuline`s foundress, St. Angela Merici, the Academy has been dedicated to providing a superior education to qualified young women regardless of their ability to pay the tuition. The model worked well for decades, when Ursuline sisters comprised the entire faculty and taught for modest compensation.

In the 1970s, however, the cost of a Catholic education rose significantly, as enrollments increased and aging nuns retired and were replaced by more highly paid lay teachers, which impacted school finances and required increases in tuition. The board of trustees subsequently conducted special fundraising events and began an annual campaign, but these proved to be temporary, partial solutions, so in 1988 the board raised $250,000 and created an endowment, governed by the Ursuline Foundation, to be invested and used for future needs.

Since then, the need for financial tuition assistance has risen exponentially, and the funding from these two sources has not kept up. To address the issue, the Ursuline board of trustees approved a new fundraising campaign in 2013, named Endowing the Legacy, to add $5 million to the endowment.

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