$100,000 Scholarship Fund for needy students launched. Dallas Jesuit will be the first Jesuit institution in the United States to begin its work of education with an Endowment Fund (Minister's Diary). If the Jesuits "leave the school...Bishop Lynch automatically would become chairman of the endowment committee which would then have the authority to dispose of the fund within the diocese as it saw fit" (Dallas Morning News Jan 21, 1942). A fundraising carnival is planned for April 23, chairman of the arrangements is Miss Catherine Richardson (DMN April 11, 1942).

Minister's Diary and The Dallas Morning News