|
Endowment |  |  | The Importance of the GCDS Endowment Fund
What is the Endowment and how is it invested?
Throughout the history of the school, the Endowment has grown and brought increasing financial stability to GCDS and growing support for our educational programs. Endowment monies are held in principal and invested by the school. The Endowment Committee of the Board of Trustees in conjunction with investment management firms decide how the endowment monies are invested.
What is the size of the Country Day Endowment?
The market value as of 6/30/2010 was $36,096,718. The current endowment produces $1,506,927 in income for the operations of the school and 5% of the school's total available income. The income transferred to the school for operations is determinded by formula.
What is the Purpose of Having an Endowment?
Endowment is an important source of funds to support the operating budget and minimize tuition increases. The interest on the invested monies is used each year in conjunction with unrestricted Annual Fund dollars to run GCDS. Last year endowment income and Annual Fund dollars were used to support faculty salaries as well as academic technology across all three divisions, and improvements in faculty housing across the campus.
What is the Class of 2011 Endowment
This endowment has been initiated as part of the Annual Campaign to honor the members of the class of 2011. Gifts made to the Annual Fund during 2010-2011 by parents and members of the class will fund this endowment. These gifts will celebrate all these children have learned during their years at The Greenwich Country Day School and the many ways they have grown, both in their capabilities and their friendships.
Please join the families of the Class of 2011 in making a gift to Country Day.
The School is grateful for your support.
Marty and Jeff Gendell
Carol and Steve Memishian
Co-Chairs - Class of 2011 Endowment
Endowed Fund Gifts
The Greenwich Country Day School has a number of donor established endowed funds restricted to a specific purpose. See a list of endowed funds.
Susan Kelly, Director of Alumni and Development
203-863-5641 or sukelly@gcds.net |
|
|
|
