HATTIESBURG, MS (WDAM) - Hattiesburg's Sacred Heart Catholic School will get an anonymous donation of $500,000, if it can raise another $500,000 on its own in the next five years.
Tuesday, the Biloxi Diocese announced the donation.
It is a matching challenge grant, to be used for debt retirement.
The school will get the full amount of the donation, if it can raise that same amount by July 31, 2023.
"It'll be matched, up to $500,000 over a five year period, or as quick as they can do it," said Bishop Louis F. Kihneman, III, of the Biloxi Diocese. "We do need to do some fundraising and knocking on doors."
"The high school is in a bond from the city of Hattiesburg and this will help us to pay off that bond in a lot less time than what was anticipated," said Elizabeth Yankay, principal of Sacred Heart High School.
A Catholic school in Pascagoula and another in Biloxi received identical grants with the same conditions.