Christine and Stephen A. Schwarzman hosted an event at Blackstone Headquarters for 93 Catholic school students they sponsored through Inner-City Scholarship Fund in celebration of their high school graduations. This special visit gave the Schwarzmans the opportunity to congratulate them personally and provide some advice as they move on from high school and continue their education at some of the top colleges and universities in the country. 95% of the students have committed to attending a college this fall.
Inner‐City Scholarship Fund, New York’s leading scholarship organization, provides tuition assistance to children from low-to-middle income families attending primary and secondary Catholic schools in the Archdiocese of New York. Of the nearly 65,000 students enrolled in archdiocesan schools, over 8,000 students are assisted financially by donors to Inner-City Scholarship Fund.
This year’s gathering of graduates featured students, principals, and presidents from 16 New York City Catholic high schools. This marks the fifth consecutive year the Schwarzmans have attended this gathering, demonstrating to the students that they are both financially and personally committed to their success. Seniors Daniel Baker from La Salle Academy and Yamilet Andrade from Cathedral expressed their gratitude to Schwarzmans on behalf of their classmates.
“Mr. and Mrs. Schwarzman, your support has propelled us towards a future brimming with opportunities, and for that I am eternally grateful,” said Daniel Baker during his remarks.
The Schwarzmans first began supporting Inner‐City Scholarship Fund in 2001 after meeting the late Archbishop of New York, Edward Cardinal Egan. They have committed nearly $50 million in tuition support for 350 students annually.
Stephen A. Schwarzman said, “Their graduation is a moment of enormous success and we are so pleased to have been able to be a part of their journey. We applaud the Inner City Scholarship Fund for the support they bring to students throughout New York.”
It has been an incredible experience to follow these impressive young people throughout this crucial stage of their lives,” added Christine Schwarzman. “We’ve always believed in the utmost importance of a quality education and are excited to see all they accomplish in the years to come.”
In 2015, the Schwarzmans donated a record‐setting founding gift of $40 million to Inner-
City Scholarship Fund for it Kids Are Our Capital scholarship endowment campaign. The Schwarzmans’ gift is the single largest donation in the Archdiocese’s 207 year history.
Christine Schwarzman is a Trustee of Inner‐City Scholarship Fund and an active philanthropist. She is a former attorney specializing in intellectual property, patent, trademark and copyright law. She is a member of the City of New York, New York County, New York State and American Bar Associations.
Stephen A. Schwarzman is an American financier who founded the global asset management firm Blackstone, where he currently serves as Chairman and CEO. He serves on numerous civic boards and is an active philanthropist with a history of supporting education and schools. His recent philanthropic endeavors include a historic gift to the New York Public Library in 2007; the creation of Schwarzman Scholars, an international scholarship program modeled on the Rhodes Scholarship he founded in 2013 to educate future leaders about China; and a 2015 gift to Yale University to establish a state‐of‐the‐art campus center.
Today, Inner‐City provides tuition assistance to nearly 8,000 Catholic school students (93% minority and 33% non‐Catholic). An impressive 98% of seniors attending Inner‐City supported schools graduate, and 95% percent pursue higher education at some of the finest universities in the nation.
Inner‐City Scholarship Fund, led by Executive Director Susan George, was founded in 1971 by the late Terence Cardinal Cooke and a group of New York City business leaders whose goal was to preserve Catholic school education as viable choice for all children. Today, Inner‐City provides tuition assistance to nearly 8,000 Catholic school students (93% minority and 33% non‐Catholic). An impressive 98% of seniors attending Inner‐City supported schools graduate, and 95% percent pursue higher education at some of the finest universities in the nation. The work of Inner‐City Scholarship Fund, through the kindness of its donors, is not only bettering the lives of students today, but it is helping shape the character and productivity of New York’s future workforce as well.
Photo credit: 1-4.
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