Below are common questions and answers about the endowment. For more information, contact Sharon Fagen, director of strategic partnerships, at email@example.com.
What is an endowment fund?
Created primarily from philanthropic contributions, an endowment fund is money typically held in long-term investments with the principal remaining untouched, allowing the principal to grow and have a greater impact over time.
Why is an endowment fund important?
The money held in an endowment fund generates interest and dividend income that may be used to support programs and other initiatives by providing a permanent source of revenue, thus improving the ability of the Board of Trustees to plan for the long-term financial health of the school.
What is Wildwood's endowment used for?
There are two funds within the Wildwood School endowment. The first is named The Hope E. Boyd Fund for Flexible Tuition. Revenues generated by the Hope Fund are designated to enhance Wildwood’s flexible tuition program.
The second fund, named the Landis Green Innovation Fund, provides targeted support for faculty and administrators seeking to research, develop, and introduce new or enhanced programming that will have a transformative impact on students, families, or employees.
How is the Wildwood School endowment managed?
Management of the endowment fund follows best practices of accounting and reporting, as established by the National Association of Independent Schools (NAIS), allowing Wildwood’s current and future needs to be met through the careful oversight of the finance committee of the Board of Trustees.
How does an endowment fund grow?
Endowment funds grow through additional contributions and also by reinvesting the interest and dividends earned. Currently, net proceeds from the Wildwood Parent Organization’s Year of the Party events are allocated to the Hope Fund. Families also designate specific contributions to the fund throughout the year, which are in addition to and not in place of their Annual Giving gifts.
Is there a minimum contribution needed to support the endowment fund?
Gifts of all amounts are welcome and accepted. Make your gift to the Hope Fund or Landis Green Innovation Fund now.