Gifts to the Albuquerque Academy endowment protect and provide for the financial stability and security of the school in perpetuity. A percentage of the school’s total endowment, as determined by the board of trustees, and the interest generated by it is used to support the annual operating budget while the corpus remains intact to keep our community strong for generations of students to come.
Each student benefits from the endowment every year, as income from the endowment is used to offset our current tuition from the true cost of educating each child.
The Academy is the proud and grateful beneficiary of a variety of named endowed funds. Gifts totaling $35,000 or more may be used to create an endowed fund to support a particular school program and may be named in honor or memory of someone. Once a fund is established, additional gifts may be added to the fund to help it grow, as a percentage approved annually by the board of trustees determines annual payout from the fund, to be used to support the designated program. Annual stewardship reports are sent to endowed fund donors, providing an update of how the fund’s payout was used over the previous academic year. Learn more about established endowed funds.
Please contact Dawn Lorenz, Director of Advancement, with any questions.