Chase’s Endowment
Chase’s Endowment is currently comprised of 60 permanently restricted funds that sustain today’s students and strengthen Chase in the years ahead. Chase’s collection of endowed funds secures the tradition of academic excellence, cultural enrichment, and athletic distinction in which we all take pride.
The current value of Chase’s endowment is $9.3 million. Income from endowed funds provided $317,000 to the operating budget of the School during the 2008-2009 fiscal year. The spending formula for Chase’s endowment is four percent of a three-year trailing average of the market value of endowed funds.
Why Create and Endowed Fund at Chase?
While every donor has their personal reasons for creating an endowed fund, their primary reason often includes wanting to give others the opportunity to provide students with the life-changing educational experiences that they or their children had the opportunity to benefit from. New funds may be established in many areas of interest and may be set up in honor or memory of a cherished teacher, a loved one or a special family milestone. Click here for a full listing of endowed funds that have been created by donors at Chase.
How are Endowed Funds Established?
Endowed funds are generally established through sizable initial gifts of cash and stock, through pledges completed over several years (often through the duration of a Campaign), or through planned gifts such as a bequest. Families can also join together to create an endowed fund, allowing their gifts to have greater impact and creating unique multi-generational ties to the School.
What is the difference between an Annual Fund donation and an Endowment donation?
Donations to the Annual Fund support Chase’s current operations and are spent the same year the gift is given. The earnings on the endowment are used in perpetuity and enable Chase’s Strategic Plan and Campus Master Plan initiatives.
How are Chase’s Endowed Funds Stewarded?
The Investment Committee of The Board of Trustees, Chaired with devotion by Anne Briglia ’76 actively manages 60 endowed funds, protects the intentions of our donors and ensures the proper balance between providing for today’s students while ensuring even stronger financial stability for tomorrow’s students. Donors receive yearly fund summary reports and the Annual Report includes a fund summary statement for all of the permanent endowments entrusted into our care. To see naming opportunities for an endowed fund, click here.
