Knott Foundation awards $50,000 for Catholic schools initiative


By Catholic Review Staff

The Network for Teaching Entrepreneurship’s (NFTE) Baltimore affiliate has received a $50,000 grant from the Marion I. and Henry J. Knott Foundation for its Baltimore Catholic schools initiative, the first of its kind in the U.S.

Funding will allow NFTE Baltimore to continue offering its entrepreneurship curriculum and program at Mother Seton Academy, return it to St. Frances Academy and begin a program at St. Ignatius Loyola Academy, all in Baltimore, during the 2012-13 school year.

Sisters Academy of Baltimore will join NFTE for the 2013-14 school year.  

NFTE Baltimore provides programs for youths from low-income communities in an effort to help them stay in school, identify business opportunities and plan for successful futures. 

Students learn how to start businesses by creating pitches, writing and presenting business plans.

Since 2002, NFTE Baltimore has reached more than 10,000 students and has programs in 27 schools in Baltimore.

“We were pleased to support NFTE’s efforts to expand their entrepreneurship program into more Catholic schools,” Owen Knott, president of the Marion I. and Henry J. Knott Foundation, said in a statement. “As a foundation committed to the value of Catholic education, it is exciting to see quality programs such as NFTE reach more Catholic school children and stimulate their creativity with hands-on learning while also imparting important business and economic life lessons.”

Copyright (c) Sept. 25, 2012

Catholic Review

The Catholic Review is the official publication of the Archdiocese of Baltimore.