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Financial Pillar

Goal: Increase the Endowment by $1.5 Million

What is an Endowment? 

Endowments are permanent funds from charitable gifts that offer non-profit organizations the enduring stability they need to empower generations of students. An organization’s endowment is typically a collection of many funds set up through the generosity of donors. Donors typically give endowed gifts for specific purposes like creating scholarships, supporting teacher development, starting new programs, or supporting the maintenance of campus resources. An organization will plan to spend a portion of their endowment each year to fund the school’s budget, and they invest the remainder for long term growth to meet the needs of future generations.

The Importance of The Independence School Endowment

The Independence School’s endowment provides the financial stability and confidence we need. Endowment funds are stewarded by the Finance Committee of the Board of Trustees and invested for long-term growth and to support the current year’s annual budget. Independence is committed to offering high-quality, affordable, and accessible education and our endowment helps us achieve this goal.

Your support of the The Foundation for the Future Campaign will increase the size of the school’s endowment by over 20% and help to ‘close the gap’ by supporting operations, ensure student accessibility to our school, and help to attract and retain quality faculty.

30 individually named funds within the pooled endowment fund that will provide long term support to Independence.

2.6% is the percentage of the annual operating budget funded by endowment distributions.

$16,500 is the amount in endowment per student.