Endowment
An endowment is a long-term investment in Mounds Park Academy that provides benefits to students, faculty, and programs year after year, generation after generation. Endowments are managed for growth and stability. The principal is invested and a specific Board-approved percentage of interest earned annually (currently 5%) is available to meet the needs of the school or a specific program.
Because our endowment is very modest compared to most independent schools, it is our goal to increase the size of this fund significantly over the next 10 years. A larger endowment will benefit the school in many ways: helping minimize tuition increases; increase financial aid to attract and retain talented students who might otherwise be unable to attend MPA; and to maintain our exceptional faculty and staff.
Want to know more about Endowments?
Endowed Faculty Chairs - $500,000 minimum
MPA’s teachers are widely recognized for their commitment to education and quality of their teaching. Maintaining a superior faculty is a process requiring continuous attention, both to the recruiting and nurturing of young talented teachers, and the ongoing support of experienced educators.
Endowed faculty chairs honor the person for whom they are named while providing recognition for excellent educators. The chairs may be named in honor of a special faculty member or in recognition of the donor. Chair holders may rotate on a specified time basis.
The Financial Aid Endowment
Financial aid funding plays an important role in enabling Mounds Park Academy to attract and retain a talented and economically diverse student body. Gifts to this general endowment provide financial aid to students with demonstrated need.
Named Endowed Funds - $25,000 minimum
Donors can also establish their own endowment for scholarship, financial aid, or a specific program in their own name or named in honor or memory of another. With a donor specified endowment, the available earned income on the fund is used to carry out the purpose of the donor.
The suggested minimum amount for establishing a named endowment scholarship fund is $25,000. With our current Board-approved 5% spend out rate; a $25,000 endowed fund would initially produce annual award income of $1,250 annually. As a fund grows, the award amounts grow proportionately. A named endowed fund will provide support for students and programs in perpetuity and will be recognized in all appropriate materials.
