The Rev. John D. Alexander, S.J. Brooklyn Prep Alumni Association Endowment Fund
The Endowment Fund was established by the Board of Directors on December 6, 1999. The fund has grown in value from $826,000 in 1999 to $3,300,000 in 2019. From the inception of the BP Alumni Association in 1961, our Alumni have donated over $3,750,000 to Jesuit High Schools for needy students. During that time we have assisted over 700 students in attaining the same Jesuit education which we all cherish. We donate $25,000 each year to Canisius High School, Fordham Prep, Loyola High School, McQuaid High School, St. Peter's Prep and Xavier High School. These scholarships are made possible by the incredible generosity of our Alumni.
Our Board of Directors is comprised of 13 members in addition to our Moderator, Father Dan Fitzpatrick SJ '53 and our Chaplain, Father Rocco Danzi SJ. The Endowment Fund is managed by Vanguard. Cash reserves are held at JPMorgan Chase Bank. An audit is completed annually by Citrin & Cooperman at our June 30 fiscal year-end.
In 2006 the Board put in place a legal document "Last Man Standing" which assures that our endowment will continue to function and support Jesuit education for needy students after our final Alumnus has passed on.