Endowment Means Forever
The endowment is a vital investment in the future. A gift to the endowment is one of the most powerful ways you can support Manzano Day School. The purpose of the general endowment is to secure our school’s financial stability and sustainability, and to facilitate long-term financial planning. It is also important to current Manzano Day School families, providing accessibility and affordability. A strong endowment impacts all our families by minimizing the rate of annual tuition increases.
Invest in Manzano Day School’s Future
Manzano Day School has embarked on a fundraising initiative to raise at least $3M for our general endowment by 2019. The school is the special place it is today because of generous past supporters. Please invest in this valuable endeavor in order to provide a continuous, reliable resource stream for Manzano Day School for generations to come. A gift to Manzano Day School’s endowment will have an immediate and lasting impact on our community – our inquisitive students, our talented teachers, our supportive staff, and our charming historic campus. With endowment, the possibilities are endless.
- What is an endowment?
- How much is Manzano Day School’s endowment now?
- How is Manzano Day School’s endowment managed?
- What is Manzano Day School’s endowment spending policy?
- Can my endowment gift be designated for a specific purpose?
An endowment is a permanent, self-sustaining source of funding used to produce ongoing income. Endowment assets are invested, and the interest income is used to fund the purpose of the endowment. The principal remains untouched so that it provides support in perpetuity. This allows Manzano Day School to continue to make a difference in the lives of our students, their families, and their community.
Manzano Day School’s investment policy is the responsibility of the Board of Trustees. The Albuquerque Community Foundation (ACF) is home to the permanent endowment that can grow and provide funding in perpetuity. Yield from the principle provides ongoing support for Manzano Day School and its programs, people, and facilities.
While our current endowment initiative is for the general endowment, you can restrict your gift for a specific purpose. Unrestricted endowments can be used for the needs and challenges of the future that will differ from those of today. General endowment gifts are used for the highest priority needs, and provide the most flexibility as needs change. In this stage of building our endowment, Manzano Day School encourages unrestricted gifts to the endowment.
In addition to the general endowment, the Albuquerque Community Foundation also manages the following endowments for Manzano Day School:
- Wings Endowments to benefit student scholarships
- Kathy Rimsha Endowment to benefit Fenton Ranch
- Peterson Learning Center