Endowment gifts ensure support for perpetuity and protect the future financial security of Albuquerque Academy. 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. What we make possible for students today can make a difference for generations of students to come.
- The Andrew and Carol Watson Tuition Assistance Fund: This endowed fund was created to honor Andy and Carol Watson’s 19 years of service to the Academy and provides financial support for families who qualify for tuition assistance, enabling deserving students to attend the Academy by sustaining one of the pillars of our school’s mission. Learn more about this initiative.
- General: Gifts supporting the Albuquerque Academy’s general endowment provide support to all students, as income from the endowment, tuition revenue, and the Albuquerque Academy Fund are the three pillars of funding support for our school.
- Establish a Named Endowed Fund: 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, interim director of development, with any questions.