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Endowment
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Endowment Giving

The endowment is a collection of individual funds, pooled and invested together, much like a mutual fund. The purpose of the endowment is to generate annual income that can be used to provide scholarships, faculty programs, and other needs of the School. The financial goal of the endowment is to be predictable—to provide roughly the same level of income each year, while also growing to keep pace with inflation.

Devoted and generous alumni, parents and friends have established this collection of endowed funds which provide permanent income to Saint James. Unlike gifts to the Annual Fund, which support with the School’s current-year operating budget, gifts to endowed funds are invested to provide future income for the School. Under prudent management, earnings from these long-term investments will support the School’s students and programs for many years to come.

An important financial goal for Saint James is to increase the value of the School’s endowment. By supporting financial aid, faculty salaries, and professional development, increasing the School’s endowment will greatly advance our sustainability efforts, which aim to moderate tuition increases and keep a Saint James education affordable.

The market value of the Saint James endowment is $22 million. A generally accepted guideline recommends that a school’s endowment be three to five times larger than its operating budget. To achieve this endowment goal, the School will need to increase its endowment to at least $35 million. Achieving this goal will provide a steady source of income, and will allow the school to move away from relying disproportionately on tuition income to sustain its programs.
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