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.
Because our school’s mission requires that our community’s fundraising efforts meet the difference between tuition income and the actual cost of an Academy education, we prioritize initiatives designed to raise funds for our ongoing operating costs and reserve the creation of endowed funds for unique circumstances.
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.
Recently, through the generosity of donors, the school has established two memorial funds to honor beloved members of our community.
The Jada B. Gonzales ’23 Artist Series Fund
The Jada B. Gonzales ’23 Artist Series Fund has been created to honor Jada Gonzales ’23 through the establishment of a visiting artist and speaker program to allow recognized artists to come to Albuquerque Academy’s campus to inspire, inform, and enhance our students’ creativity and knowledge of the arts. Your donation is a thoughtful way to honor Jada’s legacy of compassion and creativity. Give now.
The Cristina Quiroga Memorial Fund
The Cristina Quiroga Memorial Fund has been created in remembrance of Señora Quiroga and will allow students who receive tuition assistance to participate in Albuquerque Academy student exchange programs. Your donation is a thoughtful way to honor the life of Señora Quiroga, a devoted educator who impacted many students. Give now.