Potential Reprieve For Catholic School That Was Set To Close

Steve Miller
January 09, 2019 - 6:01 pm

CHICAGO (WBBM NEWSRADIO) -- A Catholic school in Beverly was on the brink of closing this year, but now the Archdiocese says the school has enough pledges -- including last-minute gifts -- that may keep it going.

St. Walter School was in a financial hole because of declining enrollment. 

And a fundraising campaign still left the school about $160,000 short.

The Archdiocese of Chicago had said it would look at the situation this week and decide whether to grant an extension to collect enough money.

Now, the Archdiocese says it will.

"We are very relieved,” said Sharon O'Toole, principal at St. Walter.

"We are so very grateful to our school families, our alumni donors, the Big Shoulders Foundation and even people in the general community who have reached out to us and donated money and pledges to our school."

The Archdiocese says St. Walter School has until Feb. 11 to secure more than $364,000 in all that people have pledged so that the school may re-open in the fall.