StoneBridge School has established an endowment fund for the purpose of helping to fund operations. One of the main targets is helping to support and increase faculty and staff salaries. It has become apparent, because of the maturing and growth of our school, that the establishment of an endowment fund would be a more productive and long-term method of stabilizing the financial future of StoneBridge School.
What is an Endowment?
An endowment is a capital fund that becomes a permanent source for revenue. Tax-deductible contributions are received and invested. An endowment makes annual distributions from earnings. The principal remains intact and grows from year to year, thereby providing increasing annual distributions.
What will the Endowment do?
The StoneBridge School Endowment exists to provide long-term capital funding to StoneBridge School operations. Upon accumulation of capital, distributions from the endowment may provide a major and ongoing source of income for the school. Distributions may provide funding for: l) increasing salaries and benefits for faculty, staff, and administration; 2) various programs of the school; and 3) increasing operating funds. In the long run the endowment distributions have the potential to reduce the school's financial dependence on tuition increases and growth in enrollment.
How do I contribute?
Write a check payable to StoneBridge School and memo it for the endowment. As you plan your year-end tax deductible giving, please consider investing in the financial future of StoneBridge School and make a meaningful contribution to the StoneBridge School Endowment. Giving in perpetuity can be a very appealing concept for many people as they give in a most significant way in funding our school.
StoneBridge School is a designated 501(c)(3) nonprofit private educational institution. All donations are tax-deductible as allowed by IRS regulations. Click here to give online, or make your check payable to StoneBridge School and mail to: The Office of Advancement, StoneBridge School, P.O. Box 9247, Chesapeake, VA 23321. If you have questions regarding your gift, please contact the Office of Advancement at (757) 488-2214 x135.