The Saint Stephen’s Legacy Fund is similar to a family savings account. Our fund was started in 1995 and has grown over the years to approximately $8 million, thanks to the charitable gifts of many forward-thinking donors. The principal of the endowment is never touched, which allows all gifts to grow in perpetuity. Only earnings from the endowment investments are used, based on a strict set of guidelines and overseen by a knowledgeable committee of endowment trustees. The purpose of the endowment is to provide financial aid to well qualified students, to assist with campus building maintenance and to generate steady annual income for the school that can be used today, next year, and even 100 years from now.
A strong endowment ensures that the current excellence at Saint Stephen’s is preserved for future generations. Maintaining that excellence requires the creation of a robust endowment fund that serves as the school’s financial foundation. Most successful colleges and independent schools have large endowments, with earnings that are used in part to assist with operational expenses such as library materials and student supplies. This solidifies the future of the school by keeping tuition affordable and enrollment high.
