Gifts to Endowments
Each year, The Foote School benefits from Endowed Funds established by parents and past parents, alumni, and friends of the school. Current endowed funds support Foote’s financial aid program, science teaching, faculty professional development, and the Frank M. Perrine Library.
History: Foote’s endowment was initiated in the early 1980s. An investment of about $310,000 eventually returned more than $1.65 million, providing the nucleus for an endowment that has grown to more than $8.1 million. It now generates about $300,000 annually for the school’s operations. For many supporters, contributions to endowment are attractive because they support the school on an ongoing basis, in perpetuity.
Establishing a Fund: Some funds are established with gifts from a large number of supporters. Other funds have been created by an individual family or members of a particular class. An initial gift of $5,000 is required to establish a new fund, and contributions may be made at any time. Income of approximately 4.5 percent is drawn annually from each fund.
Ways to give to the Foote School Endowment:
- Send a contribution to an established fund or simply to general endowment, which supports all aspects of school life.
- Establish an endowed fund in honor of a family or family member, a favorite classmate, teacher, or program at the school.
- Establish an Annual Fund Endowment: Ensure that your annual support of Foote will continue in perpetuity. A one-time gift of $5,000 will provide an annual gift in your name of approximately $250.
Next Steps:
Recognizing that you may have questions about the best way to make a gift to Foote, we encourage you to contact Ann Baker Pepe (abakerpepe@footeschool.org or 203-777-3464) in the Foote Development Office. To use our secure server to make your gift to endowment, click here.
Click here to view a detailed list of endowed funds.