Family Foundation of Best Buy Founder Richard M. Schulze Awards Chesterton Academy Challenge Grants Totaling $50,000

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Matching Funds Will Underwrite Scholarships, Tuition Assistance For Students Attending Growing Classical High School Serving the Twin Cities Metro

MINNEAPOLIS, Minnesota (May 11, 2015) Chesterton Academy, a private, independent high school offering a classical education taught through the lens of the Catholic faith, announced it has been awarded challenge grants totaling $50,000 from the Richard M. Schulze Family Foundation. The Foundation was created in 2004 by Best Buy founder, Richard Schulze.

CLICK HERE to Donate Online Now Eligible Gifts Will Be Matched by the Richard M. Schulze Family Foundation

The challenge funds will underwrite student scholarships and tuition assistance in the 2015-16 academic year and help Chesterton Academy continue to provide affordable high school education to working- and middle-class families in the Twin Cities metro area. The Challenge comes at a time of continued growth for Chesterton Academy, whose enrollment is expected to reach 150 students in fall of 2015.

The school successfully met an initial $25,000 challenge grant from the Schulze Family Foundation at the annual Chesterton Gala held on February 7, 2015. A second $25,000 challenge grant was announced publicly this month as the centerpiece of the school’s annual Campaign for Chesterton Academy. Through the Challenge, the Foundation will match gifts received from new donors and the amount of new gifts that are over and above the largest previous gift received from an existing donor.

Chesterton Academy Board Chair, Richard Vigilante, said “Chesterton Academy relies on thrift, devoted faculty, and the generosity of donors such as the Schulze Family Foundation to keep the school affordable for families.” At $6,495 for the 2014-15 academic year, the school boasts one of the lowest tuitions among private high schools in the region. Generous financial aid makes the school accessible to even more families.

Vigilante continued, “We are grateful to Mr. Schulze and his foundation for his shared vision and support of our model of delivering an outstanding education at an affordable price.”

About the Richard M. Schulze Family Foundation The Richard M. Schulze Family Foundation was created in 2004 by Best Buy founder, Dick Schulze, as a way to give back to the community where Dick and his family grew up and where he built Best Buy to become the world’s largest consumer electronics retailer. Schulze and his family believe that a good education, a supportive family and a strong work ethic prepare children for a successful future. To support that belief, the Foundation supports education, basic human services, health and medical research and transformational entrepreneurship. Learn more at www.schulzefamilyfoundation.org

About Chesterton Academy The result of a grass-roots movement of parents, Chesterton Academy is an independent high school offering an integrated, classical, college preparatory curriculum centered on the Incarnation of Jesus Christ. Named for the great English writer G.K. Chesterton, Chesterton Academy raises up virtuous young men and women in the Catholic tradition of faith and reason. Inspired by Saint Pope John Paul II, we take as our motto “Cultura Vitae”, “the culture of life.” Visit df8.797.myftpupload.com for more information.

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