PHILADELPHIA (CNS) – All four Philadelphia archdiocesan Catholic high schools that were recommended for closure will remain open, Archbishop Charles J. Chaput said to a round of applause from those gathered at a news conference Feb 24.

At the Archdiocesan Pastoral Center in Philadelphia, where he was joined by leading state legislative leaders and local philanthropists, he also announced the establishment of a new independent foundation to support Catholic education in the archdiocese called Faith in the Future: The Fund for Educating Tomorrow’s Leaders.

The foundation has a goal of raising at least $100 million in the next five years, he said.