Current Endowed Funds at Blake
Endowment gifts provide the School with reliable investment earnings in perpetuity, while yielding an annual revenue stream that brings stability and creativity to each year's needs. The principal of the endowment fund remains intact while the School draws a percentage of the interest income to offset operating expenditures. As the endowment grows, so do the funds available each year from the draw. This helps take pressure off the School's annual operating budget — currently with a draw that is equal to about 6% of the yearly revenue total.
The endowment fund provides long-term security for the School while funding initiatives like professional development, academic programs, endowed chairs and financial aid. Built through a series of special campaigns, the establishment of restricted endowed funds, and significant class gifts, the endowment fund provides a solid basis of support for the School. This fund ensures that programming that makes Blake so unique and strong will always be secure.
The initiatives below represent the notable efforts established by alumni, parents and other friends to support teaching and learning at The Blake School. Your participation is invited and celebrated!
Endowment funds are invested in perpetuity. Only a portion of the earned income from these investments is used each year, preserving the underlying fund and future-earning potential.
The categories of the funds listed are:
- Scholarship Funds – General Financial Assistance
- Scholarship Funds – Students of Color Financial Assistance
- Scholarship Funds – Co-Curricular Financial Assistance
- Speaker Funds
- Book Purchase Funds
- Teaching Chairs & Faculty Support Funds
- Academic Program Funds
- Head of School Funds
- General Purpose Named Endowments
- Special Purpose Endowments
For more information about the Blake endowment, contact the Advancement Office at 952-988-3430.