In an endowment fund, the principal is invested in perpetuity. While a portion of the investment’s earnings is spent, the rest of the earnings are invested back into the fund, so that the endowment grows over time.
The Importance of Endowment
A strong endowment provides a powerful financial base to ensure the quality and fulfillment of the School’s mission for today’s students and future generations. The steady stream of annual income from permanently invested funds provide the means to recruit, develop and retain superior teachers and administrators; to enroll, retain and support a talented and diverse student body; to keep a Chase education accessible; and to maintain and continually improve the campus.
Facts & Figures
• Endowment value as of December 2014 stands at $ 13,340,132.33.
• The endowment is comprised of 66 permanently restricted funds, with a majority of the funds established to support student scholarship.
• Chase’s first endowed fund was established in 1880.
• Chase’s Endowment funds provide financial assistance to qualifying students, support faculty salaries and development, sustain curriculum and new programs, and provide prizes and awards to exemplary students.
Building the Endowment
For generations, committed benefactors have nurtured the School’s values and traditions. Through each gift, they helped guarantee the future of the School. With your support, we can secure these same traditions of excellence for future generations.
A gift to Chase’s endowment is a gift in perpetuity.
If you are interested in supporting Chase’s endowment, here are ways you can help:
- Establish a named fund at Chase. Named endowed funds begin at $25,000 (outright or multi-year pledges). Families can also join together to create an endowed fund, allowing their gifts to have greater impact and creating multi-generational ties to the School.
- Name Chase in your will or trust. Name Chase in your will or trust and join Chase’s Copper Beech Society. While maintaining your current cash flow and assets, you may also be able to save estate taxes later.
- Contribute to an existing fund. With 66 permanently restricted funds that sustain today’s students and strengthen Chase in the years ahead, you are likely to find a fund whose purpose you wish to support.
Named Endowed Fund Types and Minimums