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Sacred Heart Receives $500K Financial Challenge by Anonymous Donors

May 11, 2018  Sacred Heart Catholic School has received a potentiallly profitable financial challenge: Raise up to $500,000 in the next five years and anonymous donors will match it. The Diocese of Biloxi made the announcement on Wednesday at Sacred Heart and two other Catholic schools on the coast. Bishop Louis Kihneman III, fourth bishop of Biloxi, visited Sacred Heart with the news, as well as Resurrection Catholic School in Pascagoula and St. Patrick Catholic School in Biloxi. "We have some people who do love Catholic education and who do want to support Catholic education, so they have made a wondrous offer," he said. "I think it's really special. It means we're going to have to do some work." To receive funding, recipients must adhere to a number of stipulations. Each school must match dollar for dollar to receive the full donation. The schools have a five-year period to make the match, beginning August 1, 2018 and ending July 21, 2023. If the match occurs before the five years expires, all funds will be released. Kihneman said the funds raised would be used to pay off the schools' debt. "The offer is a check for half a million dollars and it is for debt retirement," he said. "It's a challenge gift. We'll get our debt behind us as a school and eventually throw it away. That way, we can focus on education only."