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St. Paul's School
|  | The History of the St. Paul’s School Endowment
In 1859, George C. Shattuck established the first endowment fund at
St. Paul’s School. Shattuck, founder of the School, knew the value of an SPS education and saw his gift as an investment in the future. The Founder’s Scholarship was George Shattuck’s commitment to ensuring that future generations would experience the same — or better — quality of experience. In the 150 years since, more than 550 endowed funds have been created at St. Paul’s School.
The Value of Endowment Giving
While gifts to our Annual Fund provide critical dollars for the School’s annual operating budget and are spent in the year in which they are received, gifts to endowment are an investment in the long-term financial health of the institution. Income (annual earnings) from each of the School’s endowed funds is used in perpetuity to fund the SPS program. The principal is invested for long-term growth to serve present and future generations of students. Due to the generous support of our benefactors and careful investment and stewardship of their gifts, the St. Paul’s School endowment currently provides nearly 50% of the School’s operating budget.
Reasons for Giving
The decision to establish an endowed fund at St. Paul’s School is unique for each person. Some want to “give back,” others want to honor someone who had an impact on their personal development, still others believe giving to the School is an investment in the future. Whether donors opt to direct their endowment fund to support a specific area of the School, or to leave their fund unrestricted, all endowment funds at SPS help the School to fulfill its mission. Regardless of the reason for beginning an endowed fund, one thing is true for all donors…they continue to remain a part of the School. As long as their endowed fund exists at St. Paul’s School, their legacy of philanthropy lives on, and the School’s financial security is enhanced.
How to Give
Outright gifts of cash or stock can establish an endowed fund. Pledges to complete funding can be made over several years. If a fund will be established through a multi-year commitment, the terms of the pledge, including the timing of pledge payments and a confirmation of gift designation must be outlined in a Statement of Intent. Planned gifts may also fund a naming opportunity, through a variety of vehicles. A minimum of $100,000 is required to establish a new endowed fund at
St. Paul’s School.
In order to ensure the School and the donor have a mutual under-
standing of donor intent, new endowed funds will be established after a completed fund agreement between the donor(s) and St. Paul’s School has been completed. To see a sample fund agreement, click here.
Stewardship of Endowed Funds
Stewardship of endowment gifts is important to SPS. The School actively manages its 550+ endowed funds to ensure that donor restrictions are met and that the assets of these funds grow. To see a summary of the School’s investment strategies, click here. Donors and their designated stewardship contacts receive annual updates on their fund, including information on the appreciation of the fund and illustrations of how income from the fund was spent in the fiscal year. |
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