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Brophy & ForgiveCo Partnership Provides Financial Relief to Local Residents

More than 1,600 residents in Maricopa County are about to receive a gift of financial relief in their mailboxes. Thanks to a partnership between Brophy Prep and ForgiveCo, individuals and families facing financial hardships will soon learn that their debt has been abolished.

The partnership was announced in February at Brophy’s annual Summit on Human Dignity. This “Debt & Dignity” summit focused on debt as an “issue behind the issues,” a force that gives rise to a host of problems that face our society today. Craig Antico, co-founder, CEO and president of ForgiveCo, opened the summit with a compelling keynote address that included the Bronco Jubilee, an ambitious initiative set forth by ForgiveCo and Brophy.
The initiative incorporated Brophy’s annual Lenten Drive fundraising into a debt forgiveness program coordinated by ForgiveCo, which identifies low-income individuals and families across and surrounding Maricopa County who are in hardship because of debt, from student loans to medical and other consumer debt. Through partnerships with organizations looking to deepen their community impact, ForgiveCo purchases debt for pennies on the dollar on behalf of their partner organizations. 

As a result of the Brophy-ForgiveCo partnership, not only did debt relief total more than $2 million to Maricopa County residents, but also Brophy Prep marks the only school ForgiveCo has partnered with directly, according to Craig Antico, co-founder, CEO and president of ForgiveCo.

“Arizona residents experiencing increased levels of debt are prevented from reaching financial security and forced to make difficult tradeoffs that create stress and impact their daily lives,” said Antico. “We applaud the work that Brophy is doing to build financial stability and are thrilled to partner with our first school to relieve these debts and enable people to achieve some financial and emotional relief.”

“Brophy’s partnership with ForgiveCo and the far-reaching impact of this year’s summit is truly remarkable,” said Drew Rau ’02, assistant principal for Ministry and director, Office of Faith & Justice. “In the midst of our summit, Arizona Governor Katie Hobbs announced a debt forgiveness initiative through another organization Mr. Antico founded, RIP Medical Debt, to bring relief to an even greater number of our fellow citizens, spreading the spirit of our Summit on Human Dignity across the great state of Arizona.”

Visit ForgiveCo.com for more information on their belief in second chances and their commitment to empowering individuals and families to transform their lives.

Read “Through the Lens of Debt and Dignity…A Look at Summit 2024,” for more information on Brophy’s “Debt & Dignity” summit. 

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Brophy College Preparatory

4701 N. Central Avenue
Phoenix, AZ 85012
Phone: 602-264-5291
Fax: 602-266-3642

Graham Family Sports Campus

4800 N. Seventh Street
Phoenix, AZ 85012