Capital Priorities: Facilities & Endowment
Capital giving at The Haverford School strengthens and sustains our best-for-boys programs and facilities, and the teachers and students who thrive in them.
The School has engaged in several major projects recently, including the Field House and Sabol Field, a new Lower School, and a new Upper School. Our most recent campaign diversified philanthropic goals, focusing not only on facilities but also on endowment and operating support. Now at $70 million, Haverford’s endowment provides crucial support for operations and ensures access for remarkable boys, regardless of socioeconomic background.
Gifts to build, renovate, and restore facilities allow Haverford to keep pace with the changing needs of students and faculty.
Recent capital projects stemming from the School’s 1993 Master Plan include a pedestrian campus, athletic facilities and Sabol Field, a new Lower School (2005), and the renovation of Wilson Hall and new Upper School (2008). The capstone of the plan will be the renovation of Crosman Hall.
The School invests gifts that are designated to endowment with the income directed toward the purpose the donor selects.
Only the income from the principal is spent, ensuring that the gift continues in perpetuity, helping to safeguard Haverford’s finances through changing and sometimes challenging economic times.
There are a number of endowment opportunities available:
- Endowed Chairs
- Endowed Faculty Funds
- Endowed Program Funds
- Endowed Lecture Funds
- Endowed Tuition Assistance Funds
- Endowed Unrestricted Funds
- Restricted Funds (not yet endowed)
- How does endowment differ from The Haverford Fund?
- Why create an endowed fund at Haverford?
- What are the kind of endowed funds I can set up?
- What kind of stewardship do endowed funds receive?
- How are endowed funds established?
The earnings on endowed funds are used in perpetuity to support Haverford’s programs and goals. Because the principal of the fund is never spent, it can generate greater earnings over time. The Haverford Fund income, by contrast, is spent the same year it is given and is used entirely to support the operating budget of the School.
Donors may set up a restricted endowed fund in which they designate endowment income for a certain purpose. Donors may also opt to create an unrestricted endowed fund, which leaves the spending of income at the discretion of the school. This is most beneficial, because it allows the Head of School and the Board of Trustees the flexibility to direct the income to the area of greatest need at Haverford. Donors may also choose to add to an existing endowed fund, either restricted or unrestricted.
The Haverford School actively manages more than 70 endowed funds, protecting the desires of donors and ensuring healthy growth of these assets. Haverford’s investment policy creates a growing stream of revenue, while protecting and producing funds for reinvestment. Donors receive yearly recognition in the ‘Gifts to the Endowment’ section of the Haverford School Annual Report, as well as a financial report.
Endowed funds can be established with outright gifts of cash or stock, through pledges to complete funding over several years, or through planned gifts. Families can also join resources to create an endowed fund, allowing their gifts to have a greater impact and creating unique multi-generational ties to the school. The minimum gift for establishing a new endowed fund is $100,000. There is no minimum gift for adding to an existing endowed fund.
For more information, please contact Jill Miller, Campaign Director, at 484-417-2792 or firstname.lastname@example.org.
Our world cries out for leaders and persons of character who have the courage to make good choices and decisions. That describes Haverford graduates. A Haverford education and experience has a powerful and enduring impact on all our community, which in turn can make a powerful difference in the lives of others and their communities. Bill Thorkelson '68