Chicago Archdiocese delivers ultimatum to Southwest Side school
CHICAGO — The Chicago Archdiocese delivers an ultimatum to a school on the city’s Southwest Side.
The Archdiocese gave St. Walter Elementary in Morgan Park until next Monday, Jan. 7, to raise a little more than $360,000 to stay open for the 2019-2020 academic year.
It says the funding is necessary for operating expenses for this year and next.
The Archdiocese is providing a $100,000 grant to the school for this year.
St. Walter School’s endowment bank balance is $60,655. Both figures were factored towards determining the nearly $360,000 amount.
WGN left a message with the school on Wednesday, but has not heard back.