Why not fund the difference between tuition revenue and the full cost of educating a Castilleja student out of endowment earnings?
Endowment earnings already make up over one half of the tuition shortfall. Covering more of the shortfall by drawing down the invested principal of the endowment would seriously jeopardize the long-term financial health and stability of Castilleja. Furthermore, most endowment gifts are restricted for specific purposes. For example, if a donor gives to the Faculty/Staff salary fund, Castilleja cannot use this fund for any other purpose. The Annual Fund is the principal means for bridging the remaining gap between tuition and costs in the current year.
