Endowment/Board Designated Funds
An endowment is a permanent fund in which only the earned income is spent and the principle is invested under the guidance of the Board of Trustees. Newton Country Day School's long-range fiscal stability is dependent on increasing its endowment. Gifts to our endowment provide financial strength for the School ensuring its viability for the future.
As of June 30, 2021, the Newton endowment was $53 million. This is modest for a school with a history as long as ours. In order to compete with comparable independent schools in Massachusetts, we look to grow this substantially. Increasing our endowment will allow us to rely less on tuition income as a percentage earned will supplement our operating budget.
Gifts may be made to Newton's general unrestricted endowment at any time. A significant gift of $100,000 or more allows donors to create a named endowed fund for a specific purpose. Named funds ensure that certain programs and initiatives will continue in perpetuity. Individuals may establish a named fund at any time in accordance with the school’s endowment gift policies.
For more information about endowment giving opportunities, please contact Annmarie Benedict Pagliano '89, Director of Institutional Advancement, at (617) 559-4888.