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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