Archbishop Iakovos Leadership 100 Endowment Fund, Inc.
The Archbishop Iakovos Leadership 100 Endowment Fund was established in 1984 under the guidance of Archbishop Iakovos. The fund was established as a separate entity to support the priority needs of the Greek Orthodox Archdiocese of America and is dedicated to advancing the Orthodox faith and Hellenic ideals in America. Leadership 100 members, in cooperation with the Archdiocese and School officials, have worked over the years to support the School financially. As of December 31, 2007, Leadership 100 has provided or pledged scholarship, program and/or infrastructure related grants surpassing $11.3 million.
Recent Leadership 100 News
At the annual meeting of the Leadership 100 Board held in Palm Springs, CA, this past February, members of the Board voted unanimously to renew their commitment to the seminarian scholarship program by pledging an additional $5.0 million to the program. Scholarship grant monies expected to be distributed to the School will total $1.0 million for each of the five years from 2009 through 2013. Subject to certain restrictions, on average these grant monies are expected to cover a material portion (approximately 40%) of the seminarian's tuition, room and board. In addition, the Board approved a grant proposal that in effect provides $50,000 a year over the next five years to the Office of Vocations and Ministry. This office was established several years ago through a $2.0 million grant provided by The Lilly Foundation for the exploration of vocations by matching a person's individual talents with their spiritual formation.
The Rev. Fr. Nicholas Triantafilou, the Institution's President, states, "On behalf of our beloved seminarians, faculty and staff, we thank all the members of The Leadership 100 Endowment Fund for their continued faith and good stewardship. The results from the program have proven the dramatic impact financial aid has on a growing seminarian enrollment as well as the impact these funds have had on ordination rates. Prior to the start of the Leadership 100 scholarship program, in 2000, we had enrolled approximately 40 seminarians in the masters program and the Archdiocese reported approximately 8 ordinations. Today the number of seminarians enrolled in the masters program has increased by more than 50% and ordinations over the last 3 years have increased by more than 100% over ordination rates seen prior to Leadership 100 funding."