News

Chesterton Academy Receives $125,000 Challenge Grant

Twin Cities Entrepreneur Andrew Redleaf
Renews Challenge Grant to Chesterton Academy

Cites “values”, “service” crucial to “our entire community, Catholic or not”
Plus: surprise anonymous donor joins famed money manager
to boost challenge to highest level ever!

Andrew Redleaf renews generous challenge grant for Chesterton Academy

Andrew Redleaf, CEO and Founder of Whitebox Advisors

MINNEAPOLIS, Minnesota (April 22nd, 2013) – Chesterton Academy, an independent college preparatory school, offering a classical education taught through the lens of the Catholic faith, announced it has received the largest funding opportunity in the history of the school. A generous $125,000 matching grant will allow the school to continue offering affordable high-school education to families in the Twin Cities area.

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The Redleaf Challenge, now renewed for a fourth consecutive year, is named for benefactor Andrew Redleaf, founder and CEO of Whitebox Advisors, a Minneapolis based investment advisor. Redleaf and an anonymous donor who joined the challenge this year will match up to $125,000 in donations to Chesterton Academy. That makes this year’s challenge the largest fundraising initiative ever for the five year old school, which will boast an enrollment of more than 100 students in fall 2013.

Redleaf is a native of the Twin Cities and a graduate of St. Paul Academy and Yale University. A passionate supporter of classical education, Mr. Redleaf, who is Jewish, said “Chesterton offers a rigorous, classical education at a price families can afford, providing an invaluable service to our entire Twin Cities community, Catholic or not.”

Impressed with the school’s curriculum and student body Redleaf stated, “The values instilled at Chesterton are evident in the students’ academic achievement, maturity, and kindness.”

Redleaf’s challenge grant was renewed at the annual Chesterton Academy Gala sponsored by Whitebox Mutual Funds. A second surprise that evening came when an anonymous donor joined Redleaf to bring the total challenge amount up to $125,000.

The Chesterton Academy receives no government funding. The school relies on thrift, devoted faculty, and the generosity of donors such as Redleaf to keep the school affordable for families. At $5,995 for the 2012-13 academic year, the school boasts one of the lowest tuitions among private high schools in the region. Generous financial aid makes the school accessible to even more families. As co-founder Dale Ahlquist stated, “We cannot be pro-life and pro-family if we put families into debt for their child’s education.”

About Andrew Redleaf
Andrew Redleaf is the founder and CEO of Whitebox Advisors, a Minneapolis-based investment advisor with additional offices in Austin, London, and the Asia Pacific region. The firm offers both limited partnership and mutual fund vehicles, manages approximately $2.3 billion, and employs over 70 professionals. Celebrated by the New York Times for predicting the mortgage crisis long before it happened, Redleaf’s renowned client letters are avidly read and quoted not only on “the Street” but also in the financial press. Visit www.whiteboxadvisors.com for more information.

About Chesterton Academy
The result of a grass-roots movement of parents, Chesterton Academy is a pro-family, independent high school offering an integrated, classical, college preparatory curriculum centered on the Incarnation of Jesus Christ. Visit www.chestertonacademy.org for more information.

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