We are deeply committed to increasing the value of our endowment, which supports the long-term sustainability of the School. Gifts to the Saint James endowment are invested, much like a mutual fund, to provide a steady, predictable flow of income to the School for many generations to come. The endowment allows us to maintain a tradition of academic excellence by providing stable financial support to Saint James—generating income for scholarships, faculty programs and other School needs.
Many donors choose to make gifts to the endowment in honor of a beloved friend, family member or favorite faculty member in order to ensure this person will be remembered in perpetuity. This income may be allocated only for specific purposes, such as providing student scholarships, recruiting faculty and creating new academic programs.
Whereas gifts to the Annual Fund support the School’s current-year operating budget, gifts to endowed funds are invested to provide future income for Saint James. Earnings from these long-term investments are carefully managed to support students and programs for many years to come. Much like the Annual Fund, income from the endowment covers approximately 10 percent of the School’s operating budget.