Many private schools in the North Shore have obtained loans through the Payroll Protection Program (PPP), according to data from the Small Business Administration.
ASB information, released last week, did not specify the exact loan amounts, but placed them in a series of ranges, with loans between $ 150,000 and $ 5 million available for struggling businesses during the COVID-19 pandemic looking to pay off their employees. The loans are mostly repayable, according to the SBA.
The information includes all businesses across the country that have been approved for a loan greater than $ 150,000 as of June 30.
Buckley Country Day School, which advertises itself as being in Roslyn but is located in the village of North Hills, has been listed as receiving a PPP loan between $ 1 and $ 2 million, which principal Jean-Marc Juhel confirmed in a report. e-mail without further comment.
According to a letter written by Juhel in the school’s annual report for 2019Buckley had an endowment of $ 7,190,000 at the time and was in the process of launching a $ 5 million fundraising campaign to expand campus buildings, add classrooms and parking spaces.
“The purpose of the endowment is to serve as a fund for rainy days,” Juhel wrote. “We are not using our endowment revenue in our operating budget because our goal is to grow it to at least the size of our annual operating budget of $ 10 million.”
Mineola’s Catholic institution for boys, Chaminade High School, is listed as having received a loan of between $ 2-5 million.
Chaminade 2019 Annual Report says just over $ 3 million has been donated to the school’s Torch Fund, reducing tuition fees for each student. The school does not indicate the amount in its endowment on its website or in the literature, but a 2018 tax form sent to the Internal Revenue Service states that the Chaminade Development Fund, a 501 (c) linked to the school which has stated that its mission is to “provide Catholic education by financially supporting Chaminade High School”, had $ 54,937,255 in net assets at the end of tax year 2018.
Efforts to reach Chaminade for comment were unsuccessful.
Albertson’s Viscardi Center said in a statement that its loan, which was in the range of $ 350,000 to $ 1 million, did not go to Henry Viscardi School, which serves students with disabilities, but to programs provided by the center and another of its business units, Abilities Inc.
Tiegerman Middle School in Glen Cove, which the SBA says has received a loan of between $ 2 million and $ 5 million, said in an email to Blank Slate Media that it would not comment.
The SBA said these organizations have each received loans between $ 1 million and $ 2 million: North Shore Hebrew Academy and its high school, both in Great Neck; Vincent Smith School Lutheran High School Association of Nassau County, which operates Lutheran High School and Lutheran Middle School in Glen Cove; and the Nassau County Solomon Schecter Day School in Williston Park. Efforts to reach them for comment were unsuccessful.
Efforts to reach the Hebrew Academy of Long Island at Great Neck, which the SBA said received a loan of between $ 150,000 and $ 350,000, were also unsuccessful.