GREENSBORO — Thanks to a $1.5 million endowment for tuition assistance, 28 students attending Our Lady of Grace School in Greensboro have received $44,705 in funds for the 2025-2026 school year.
The support was made possible through the charitable legacy of Vic Nussbaum Jr., a former Greensboro mayor and long-time member of St. Pius X Parish.
“At Our Lady of Grace, this endowment is more than financial assistance; it is tangible support of our belief that every child deserves to be formed in truth, beauty and goodness,” said Principal Catherine Rusch. “It allows families to say yes to Catholic education and strengthens our mission to shape virtuous leaders and faithful disciples within our Panther family.”
The late Nussbaum – a self-proclaimed “Catholic Yankee in Dixie” who became one of Greensboro’s biggest boosters and its mayor for three terms, from 1987 to 1993 – was focused on expanding libraries, providing low-income housing and improving the quality of public education.
He was a devout Catholic, attending Mass every day at 6 a.m., and was a friend to the downtrodden, said Jim Melvin, who was mayor when Nussbaum was first elected to the Greensboro City Council in 1973.
Nussbaum attended Our Lady of Grace Church and sent his children to Our Lady of Grace School, and after a cross-town move later was active at St. Pius X Church. He believed Catholic schools not only provide a great education but are crucial to carrying on the faith.
Across the diocese, donors like Nussbaum have given one-time gifts of cash or stock, pledged to capital campaigns or projects, or left gifts in their estate plans. Such gifts have benefited parishes, Catholic schools, the diocese, the diocese’s foundation and St. Joseph College Seminary.
“We receive gifts of every amount, and all of them make a difference,” said Jim Kelley, diocesan development director. “There have been some individuals with significant resources who have had so much confidence in the Church’s leadership and commitment to their faith that they have given $1 million or more. I invite others to be part of our mission in this kind of significant way to help build up the Church across western North Carolina. Gifts given to establish endowments in particular help change people’s lives because they keep on growing and providing returns year after year.”
As Rusch noted, “In my eighth year as principal, I can see that the beauty of an endowment is its lasting impact. A single investment continues to bear fruit year after year, ensuring that students are able to receive an authentic Catholic education at Our Lady of Grace Catholic School.”
— Courtney McLaughlin
Fund an endowment
Interested in setting up – or adding to – an endowment to benefit your parish or Catholic school? You can establish an endowment in the Diocese of Charlotte Foundation by leaving a bequest in a will, a beneficiary designation from a retirement plan, a trust or annuity, or a gift of real estate, life insurance, cash or securities.
For details, contact Gina Rhodes at 704-370-3364 or gmrhodes@rcdoc.