b.A fund that generates interest to be used for funding school priorities.
c.A perpetual source of income for the school.
d.The most powerful safeguard for the school’s future long-term stability and well-being.
e.All of the above.
A: E, all of the above!
Endowed funds are critical to ensuring the future of an institution. As St. Margaret’s continues to mature, investing in the endowment becomes a higher priority. Currently, St. Margaret’s endowment largely supports operations, financial aid and STEM education. Part of the proceeds from the Tartan Tee Off help fund financial aid endowment and planned gifts are usually allocated to the general endowment.
There are many opportunities to make a difference and leave a legacy through the creation of endowed funds at St. Margaret’s in support of existing programs, financial aid, faculty, and so forth. For additional information on endowment giving, please contact Jonathan Tufo in the Advancement Office.
Established in 1994. This Endowment was established by a grant from the Edward E. Ford Foundation to provide financial aid to Upper School students who would not be able to attend St. Margaret’s without such assistance, with an emphasis on support of minority students.
Established in 2002. This fund was established to remember and honor the life of Jered Connon '02. An annual financial aid award is given in Jered’s memory to a scholar-athlete in the Upper School who demonstrates financial need, is a member of at least one varsity team, displays a high level of academic achievement, and exhibits good citizenship and sportsmanship.
Established in 2014. Established to honor St. Margaret’s Episcopal School’s third headmaster, Marcus D. Hurlbut and his deep commitment and passion to serving all students, this fund provides financial aid to students in our community with demonstrated financial need. Consistent with our mission, values and Episcopal identity of inclusivity and service to our community, this fund helps qualified students and their families benefit from a St. Margaret’s education regardless of financial resources, while helping to ensure our school’s long-term financial strength and sustainability.
Established in 2015. The STEM Endowed Fund supports the work of a STEM Fellow for new school-wide STEM curriculum and innovation. Working from the foundations set by the STEM Task Force, the STEM Fellow paves the future of our STEM curriculum expanding courses and experiences, including new inter-disciplinary courses in engineering, entrepreneurship, product design, software apps, robotics, deepening classroom instruction and facilitating new partnerships with universities and outside STEM experts. This is a 3 year appointment.Funding will be based on interest from the endowment fund and will be annually allocated to programming (75%) and the Fellow stipend (25%).
Established in 2005. This fund was established by friends and family to celebrate the life of Stephanie Canright '96 and to support an annual scholarship to a camper or counselor participating in Special Camp for Special Kids.
Established in 2014. This fund was established through a generous Tartan’s matching challenge gift to support financial aid for current and future generations of students at St. Margaret’s. The endowment is funded by annual gifts made by alumni and is endorsed by the Tartan Alumni Association.