Why Build Endowment Funds?
A well funded endowment is the goal of most nonprofit organizations. An endowment is a fund established in perpetuity, with a portion of the income from the fund used each year to support a designated purpose. An endowment provides a lasting legacy of a donor’s generosity and reflects the donor’s intentions and wishes. A donor can be assured that the organization will honor his/her original intent when the income is disbursed each year.
Currently, Maranatha has two existing endowment funds, as follows:
1. Roxanne Cook Tuition Assistance Endowment – market value $227,879 (as of July 2012)
2. Jack Green Tuition Assistance Endowment Fund – market value $129,500 (as of July 2012)
Both of these endowment funds were created to support the school’s tuition assistance efforts. As our student population has grown significantly over the last four years, the school has found itself faced with increased requests for tuition assistance. These requests come from families who are the heart and soul of Maranatha, who keep our school economically diverse and rich in spirituality. Building these endowments is an important measure of good stewardship to help ensure that MHS will be able to continue serving a wide variety of families in our community for generations to come.
Giving to an Endowment Fund
You may make a secure online gift to either of the school’s existing endowment funds by clicking here.
Starting an Endowment Fund
Gifts of $25,000 or more may be designated to start a named endowment fund. To inquire about starting an endowment fund, please contact the Advancement Office at email@example.com or (626) 817-4070.