What is an Endowment?
An endowment fund is a permanent, self-sustaining source of funding. Endowment assets are invested by the St. Philip’s Episcopal Foundation. Each year, a portion of the generated revenue from the investments of the fund is incorporated in our budget to support the fund’s purpose, and any earnings in excess of this distribution are folded back into the principal to continue to increase the fund’s market value. Thus, an endowment fund can grow and provide support for St. Philip’s in perpetuity.
The St. Philip’s Episcopal Foundation manages the endowment funds of both the Church and School. For additional information regarding these funds, please contact Renee Castillo.
Why an Endowment Fund for St. Philip’s?
- In order for St. Philip’s to prosper through the 21stcentury, the endowment must be increased to the level of other nationally recognized, independent elementary schools.
- In order to support faculty salaries and to retain excellent faculty, we can moderate the spiraling costs of tuition by increasing revenues generated by a permanent endowment.
- In order to expand the scholarship program and increase diversity in a 21stcentury global society, an endowment is necessary to ensure that diverse and deserving students and families are continually able to attend St. Philip’s Episcopal School.
Ways to Give
- Outright gifts: Write a check or make a pledge
- Bequests: Name Saint Philip’s Episcopal Church and School in your will
- A gift of securities: Contribute long-term appreciated stock or other securities
- A gift of real estate: Donate an undivided interest in real estate property
- A gift of life insurance: Contribute a life insurance policy that you no longer need
- A gift of retirement assets: Name Saint Philip’s as the beneficiary of your IRA.
- A gift of stocks: A gift of stock will be sold and the revenue will be invested.