A robust endowment provides a strong foundation for Friends and safeguards our Quaker mission through fluctuating economic conditions. It enables the School to provide financial aid, respectful compensation to teachers and other resources that support our mission.
Over the last ten years, the Friends endowment has increased from $7.1M in 2006 to $28.2M in 2016. Each year endowment contributes to financial aid, salaries and program initiatives.
As the endowment has grown, however, so too has the need for financial aid. In 2015-2016 $4.8m was allocated to financial aid compared with $1.8M in 2001-2002. In a world in which many young people face profound inequalities of opportunity, providing additional financial support remains a core value of the School. Recognizing that the endowment must grow to meet this need, donors to Light the Future Campaign have contributed $7M to the endowment, exceeding the initial $5M goal.
“It’s gratifying to exceed our endowment goal for Light the Future,” Matthew Annenberg ’83, Co-clerk of the Board of Trustees, said. “We are now fully focused on supporting the Campus Redevelopment Project.”