Endowment Fund

Assuring Future Enhancements for our Schools


	Kris Trustey Treasurer


	Jeff Murphy Investment Committee Chair

What is an Endowment?

An endowment is a savings vehicle commonly used by nonprofit institutions to generate a permanent source of revenue. The Edfund uses a percentage of the endowment balance each year to fund grant requests to the schools, while working to grow the endowment through annual fundraising activities and investment income. The ultimate goal is to grow a sustainable endowment that will perpetually provide funds for grants from the income it generates.

Who manages the endowment fund?

The Edfund retains professional services to manage the endowment fund investments. A member of the Edfund board of directors with extensive professional fund management experience serves as a liaison between the board and the managing institution.

Prior to contracting professional services, management was provided by a volunteer investment committee. We are most grateful to the long-standing members Rich Hayes, Ned Rowland, Chuck Favazzo and Mary Helming for their years of dedicated service. We cannot thank them enough.

How do you determine the amount of money available for grants each year?

We calculate the grant amount based on a percentage of the endowment balance at our fiscal year-end of June 30. This is a traditional funding formula that maximizes the benefit to our students today while ensuring the growth of the fund for tomorrow.

How do I contribute to the Edfund?

You may make a donation in response to our Annual Appeal. With your gift to the Edfund, you may consider honoring a specific faculty or staff member. Your gift will be acknowledged in next year’s annual report and with a personalized note to the recipient. We are happy to discuss giving in the form of stock, bequests, or other planned gifts.

Click to download our Donor Car d (PDF, 212KB, 1 page)

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