The endowment fund is the school’s investment fund, its safety net for the future. It is a permanent fund that invests the principle and allows only a percentage of earned income to be spent. An endowment will enable Summit to operate with a sense of confidence when planning for the future.
Our Board of Directors has set a goal of raising $3 million dollars by 2013 to strengthen scholarships, improve faculty salaries and benefits, and to restore facilities as needed. Charitable gifts are essential to help us reach this goal.
Donors may request that their gifts to the endowment be designated as either unrestricted, providing the most flexibility for Summit, or restricted for a particular purpose.
Summit’s Endowment Fund has the following structure:
Fund for Cultural Diversity and Student Aid: To grow a diverse population and support the cost of a Summit education to those in need.
Fund for Professional Enhancement: The need to offer teachers and professionals training and coursework as well as improved salaries and benefits. This will help Summit continue to attract high caliber professionals.
Fund for the Arts: To enhance the art, music and performing arts programs so critical for all Summit children.
Fund for Special Services: To provide children with counseling, speech or occupational therapy for those in need.
Fund for Technology and Facilities Restoration: Upgrading technology and restoring facilities is a critical part of Summit’s excellence.
Endowment gifts leave a lasting imprint on the future of the school and provide for its students, its faculty and its facilities for many years to come. Summit has been blessed with support from our stakeholders, which include Board, parents, grandparents, faculty and staff, and to many businesses and individuals in the broader community.
Click here to make a gift to the endowment fund.