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Endowed Funds

In the early 1980s, the board’s Finance Committee recommended the purchase of zero coupon bonds as a strategy to create the school’s endowment. It was an important decision for the school: When the last of the zero coupon bonds matured in 2003, the initial investment of $310,000 had returned $1.6 million. Foote’s endowment now stands at $22 million. A distribution is made annually from interest earned on invested funds.

Unrestricted Endowed Funds

Financial Assistance

Campus and Facilities

Curriculum Enrichment

Faculty Professional Development

Learning Support

Restricted Funds

The school also appreciates and relies upon the support provided by Restricted Funds. These funds are not endowed  —  the principal is spent as needed over the years.