The Board of Trustees has established an endowment fund to sustain Hillbrook School, not only for a year, a decade, or a generation, but in perpetuity.
In preparation for the future, the endowment provides a foundation that allows Hillbrook School to continue to provide an exceptional academic experience. Years from now, when our current students are themselves parents, grandparents, and even great-grandparents, they can know that Hillbrook will continue to be a strong school and community.
A thriving endowment is essential to the future of our school. While our endowment is growing, there is still vital work to be done to meet the annual needs of our students. It is imperative that we grow and nurture the endowment to ensure that Hillbrook’s mission of inspiring children reach their highest individual potential in school and in life is not limited by lack of resources.
The money held in our endowment fund generates interest and dividend income that may be used to support educational programs, tuition assistance, professional development, and other special initiatives by providing a permanent ongoing source of revenue, thus improving the ability of the Board of Trustees to plan for the long-term financial health of the school.
Sustained primarily from donations, endowment funds are monies typically held in long-term investments with the principal remaining untouched, allowing the funds to have greater impact over time.
The money may be permanently restricted, temporarily restricted, or unrestricted in its use, based on the request and intent of the donor or, in the case of board designated funds, by a vote of the Board of Trustees.
Gifts of any size can be applied to the general endowment and allow the most flexibility to meet current needs. To establish a specific endowed fund, a minimum gift is required.
Management of our endowment fund follows best practices of accounting and reporting, as established by the National Association of Independent Schools (NAIS), allowing Hillbrook School’s current and future needs to be met through careful, thoughtful, and informed supervision of the finance and investment committees of the Board of Trustees.