Tonawanda News — Holy Angels Academy announced Tuesday that the school will close after this academic year.
In a letter sent to alumnae, school representatives said that the decision was made after months of data analysis and discussion between the board of trustees and the Grey Nuns of the Sacred Heart.
“As many of you who are still in the area know, the overall landscape of the Buffalo area is one of persistent and pervasive decline,” the letter reads. “Enrollments are declining; the pool of students is declining; the population of the city of Buffalo is declining, and there are projected declines in students in several school districts.”
Representatives said they have been reviewing the data and information for many years in hopes to find a way to keep the school open, but said they have recently decided there are no viable options.
The Grey Nuns, who founded the school in 1861, had donated $1 million from their retirement funds to guarantee a bank line of credit for the school. But despite support from alumnae, the school was not able to pay down its line of credit and meet its financial obligations, the letter states. Instead, the school must use all of the funds that the Grey Nuns donated.
“The Grey Nuns have gone above and beyond in an attempt to continue the school, and we will be forever grateful to them for the remarkable sacrifice they have made,” the letter states.