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.

At the discretion of the Board of Trustees, Manzano Day School takes an annual yield from the endowment to augment the operating budget. The spending policy is set at the ACF’s recommendation of 4% of a 20-quarter average of the value of the net assets, with a ceiling of 5.5%.

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