The Brunswick endowment is comprised of unrestricted funds and restricted endowed funds. Endowed funds are created through monies set aside by the Board of Trustees, or with gifts made to provide long-term funding for designated purposes. The earnings on endowed funds are used in perpetuity to support Brunswick’s goals. The principal of the fund is never spent, therefore, it can generate greater earnings over time. In contrast, Annual Fund support is spent in the same year it is given and it is used to pay for operating expenses. Gifts to the endowment fund benefit all areas of the School and form the backbone of our not-for-profit institution.
Those interested in establishing a named endowed fund may do so with a minimum contribution of $100,000. It may be specified for a particular purpose, such as establishing a faculty chair, general faculty or program support, financial aid, awards, prizes or other needs. Although each fund is distinct in designation or restriction, endowed funds are commingled in an investment pool but tracked separately.