Frank Hanna III, CEO of Hanna Capital, LLC, has made Catholic education a special focus. In an interview with the National Catholic Register, Hanna spoke of the challenges, changes and reasons to champion religious education:
The more I looked into the issues of society, the more I became convinced that a lot of our societal failings happen much sooner; so much of the foundation of our failure was happening in our educational system. And that’s what actually got me thinking about education. I was thinking, “If you are going to do your own part in turning the world around, education is the place to start.”
I started to examine it in the secular world, and the more I began to study education, the more I became convinced that the very process of educating a child is inherently a religious undertaking.
Hanna goes on to say that parochial schools are in need of financial renewal, and spoke of the role of parish subsidies:
I think it is worth exploring whether parents should receive the subsidy from the parish or the diocese, rather than the school. In other words, parents who are tithing or who are parish members would receive something of a voucher that they can use at any Catholic school, thereby putting more control into the hands of the parents. Rather than subsidizing schools, we would instead be giving financial help to those parents who need it, and reconsidering whether parents who actually don’t need financial help should still be paying tuition that is subsidized. This is one example of the kind of financial modeling that we might reform.