What is the difference between the Annual Fund and the Endowment?
To put it simply, the Annual Fund is much like your checking account and is used to meet the Schools current operational costs. The schools budget relies on Annual Fund gifts to meet its same year expenses. The Endowment is vital in securing the future of the School and is similar to a long-term savings account. Gifts to the Endowment are placed into an investment account and eventually a fixed percentage of the fund will be used annually to support the operating budget.
