The Hammond Endowment
Endowments for any organization provide a permanent means of generating income by safely housing all donated funds and using only the interest generated by them for spending. Endowments operate just like a savings plan for families. Money is placed into a savings account; only the interest generated is used to help operate the household.
The Hammond Endowment will fulfill the following purposes:
- To provide effective management of funds contributed to the school for long-term revenue generation to support the school.
- To encourage donors to contribute funds through estate and financial planning thus offering donors a means of “perpetual giving” to Hammond School.
- To support the school’s long-term goals in providing a stable, recurring source of funding for operational purposes.
These are the five funding areas designed to benefit from The Hammond Endowment:
- Faculty Excellence – Chairs, Teaching Awards, Summer Travel/Development, Training, Conferences, etc.
- Resources for Students and Families– Scholarships (Merit and Need), Leadership Training, Special Projects, Student Awards, etc.
- Campus and Facilities – Maintenance of Facilities, Campus Development, Emergencies, etc.
- Program and Student Life Enrichment – Funds for Specific Athletic Activities, Choir, Art, Drama, Libraries, Volunteer Activities and Organizations, etc.
- The Hammond Fund – The Headmaster’s Discretionary Fund and general unrestricted.
For more information, we encourage contacting the Hammond Development Office and speaking confidentially with Mahalie Moore or Bob Davis.
Would you like to help us build the endowment, but can't make a donation right now? Then consider including a gift to us in your will or living trust (a charitable bequest). This type of gift works well for people who believe in our cause but can't part with the money today. |
