The of the has announced a $25 million bequest from the estate of John A. and Susan Sobrato in support of scholarships for students in Santa Clara and San Mateo counties.
To be administered by the , the gift will establish the Sobrato Family Scholars Fund, an annual scholarship program for elementary school students in the region who wish to attend a Drexel School but cannot afford it. To be determined by the student's family income, scholarships will cover up to 80 percent of tuition annually.
The gift also will establish a Drexel Scholars Fund through which other donors will be invited to match the yearly distribution from the foundation, thereby doubling the number of scholarships available to area students.
"This high-impact investment in the Catholic elementary school graduate will change the Silicon Valley," said Rev. Brendan McGuire, president of Drexel Schools and vicar general of the Diocese of San Jose. "The gift from John and Sue Sobrato to establish in perpetuity the Sobrato Family Scholars Fund will challenge others to invest in the Drexel Scholars Fund and will amplify the transformational power of the Drexel School System to form the next generation of Catholic schools' graduates serving the Silicon Valley and beyond."