Endowment Funds
The Endowment Fund generates interest income that supplements operating expenses. Endowment gifts benefit all areas of the School. Endowment funds are the backbone of and security blanket for a not-for-profit institution. In ten years, the School's endowment has grown from $3 million in 1993 to over $79 million at the close of the fiscal year in June 2006.
An unrestricted gift to the endowment is of special value because of the flexibility it provides the Trustees. Many donors, however, have lifelong interests (such as financial aid, faculty salaries, or program enhancement) which they may desire to encourage and perpetuate. Gifts for specific purposes should be described as broadly as possible; excessively detailed limitations and restrictions should be avoided. Donors of such designated requests should discuss their giving objectives with Director of Development, Terry Gumz (203) 625-5864 or Headmaster, Tom Philip (203) 625-5810.
Any amount can be contributed to the endowment fund and designated for a specific purpose if the donor so desires. However, to name an endowed fund or establish it in honor of or in memory of someone, a minimum gift of $100,000 is required. At 4% interest, a $100,000 fund would generate income of $4,000 per year.
