Endowment Fund
The Importance of the Endowment Fund
What is the Endowment and how is it invested?
The Endowment was initially funded with money brought in through the 30th Anniversary Campaign and given by a very generous family. The Endowment is a way to bring increasing financial stability to MSR and to grow support for our educational programs, our faculty’s professional development and our tuition assistance program. Endowment monies are held in principal and invested by the school. The Finance Committee of the Board of Trustees decides how the endowment monies are invested. As our Endowment grows, the Finance Committee in conjunction with investment management firms will decide how to invest the funds.
Is MSR’s Endowment restricted to any particular use?
Currently, MSR’s Endowment is entirely comprised of funds for MSR’s general use. The principal in this fund will not be spent, but will be maintained in perpetuity, for the purpose of producing income for MSR. At such time as investment income is generated annually, this income will help support the general operating budget of the school.
What is the size of the MSR Endowment?
The market value of the endowment as of 7/31/2011 was $382,516. This represents $956 per student (400 students). By comparison, the North Carolina Association of Independent Schools’ (NCAIS) statistics indicate an average of approximately $10,000 per student in Endowment in North Carolina Independent Schools.
Is there a goal for raising Endowment funds?
Yes. Over time, we intend to raise approximately $4,500,000 in Endowment so as to align MSR with the NCAIS’ stated average for Endowment per student for Independent Schools in North Carolina.
What is the Purpose of Having an Endowment?
Endowment is an important source of funds to support the operating budget and minimize tuition increases. As the Endowment grows at MSR, the interest on the invested monies will be used each year in conjunction with unrestricted Annual Fund dollars to run MSR.
Please contact the Director of Development and Alumni Affairs, if you have any further questions or wish to give securities. Email: development@msr.org, Phone: (919) 848-1545 x247 or Fax: (919) 848-9611.
