The Fordham Prep Endowment – A Legacy of Trust

Endowment gifts are not meant to be spent — nor are all of the earnings from the invested principal . A portion of the earnings is usually added to the principal ; this is done to augment the endowment and to compensate for future inflation and possible economic downturns . The spendable income of the earnings is used for the purpose that the benefactor originally specified . A benefactor may choose to support student scholarships . Another might fund a special program ( e . g ., a monthly guest speaker ’ s forum , faculty development , athletics , a specific need identified by the President ) or a student prize ( e . g ., to recognize outstanding extracurricular leadership or exceptional sportsmanship ). Most endowment funds given to the Prep have been earmarked for financial aid to

When St . Ignatius Loyola agreed to found Jesuit high students . schools in 16th century Europe , he prohibited them from charging tuition so that they could serve the rich and poor How It Helps Prep Students alike . Today , the complex demands of our economy The Board of Trustees and the school ’ s administration require our families to pay tuition . Even as tuition consider the Prep ’ s endowment its financial bedrock . It is increases , it still cannot cover our costs . actually a composite of many individual endowed funds that have been donated to the school over the years by

Generations of metropolitan families have made families , individual benefactors and a number of substantial sacrifices in order to give their sons an foundations . These funds provide overall security to the education grounded in the Ignatian tradition . One of the school ’ s existence and operation by underwriting the costs

ways tuition increases can be limited and a Jesuit of each student ’ s education either directly or indirectly . education made more accessible is through the Fordham

Prep endowment . The primary objective of our endowment is to enable

Fordham Prep to enroll and sustain capable , motivated An endowment held by a non-profit organization such as students who might otherwise not be able to afford a

Fordham Prep consists of funds that have been donated Fordham Prep education . The Prep ’ s success and usually with a specific objective or purpose and then continued strong academic and overall ranking rely on invested to generate income in perpetuity . Thus , the your extraordinary and ongoing support . donation provides a long-lasting benefit to the organization , rather than if it were spent all at one time . A Legacy of Trust An increased endowment is essential in order to keep our In 1970 , Fordham Prep separated from its parent tuition within the financial reach of families .

University and became independent in terms of

Growth of the Fordham Prep Endowment

$ 35,000,000

$ 30,000,000

$ 25,000,000

$ 20,000,000

$ 15,000,000

$ 10,000,000

$ 5,000,000

$ 32,544,000

Values are as of June 30 for each year represented

$ 125,000

$ 0 1970 1975 1980 1985 1990 1995 2000 2005 2010 2012 2013 2014 2015 2016

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