Private School Endowments

[Anonymous]

Summary: Large endowments don't guarantee lower tuition or more financial aid. They are typically meant to sit there and grow and fund some special projects, and be there for rainy days, but schools will still fundraise for those projects. There's no limit to how much a school would like to raise. Some schools in LA, NY, DC and Baltimore have impressive endowments. Some don't. Endowment funds aren't the sole predictor of a well-funded, high-functioning school with a solid business plan. There's no correlation between endowment size and the type of school that is right for your kid. They don't need to be a factor in your decision process when choosing to enroll your kid, or when choosing to give extra money. There you have it.

[Anonymous]

Anonymous wrote:Summary: Large endowments don't guarantee lower tuition or more financial aid. They are typically meant to sit there and grow and fund some special projects, and be there for rainy days, but schools will still fundraise for those projects. There's no limit to how much a school would like to raise. Some schools in LA, NY, DC and Baltimore have impressive endowments. Some don't. Endowment funds aren't the sole predictor of a well-funded, high-functioning school with a solid business plan. There's no correlation between endowment size and the type of school that is right for your kid. They don't need to be a factor in your decision process when choosing to enroll your kid, or when choosing to give extra money. There you have it.

I'd add that Madeira is quite the impressive "sleeper." Sneaking up to the top of that ladder int he DC area. Wow.

[Anonymous]

None of the DC endowments are impressive.

[Anonymous]

Anonymous wrote:Summary: Large endowments don't guarantee lower tuition or more financial aid. They are typically meant to sit there and grow and fund some special projects, and be there for rainy days, but schools will still fundraise for those projects. There's no limit to how much a school would like to raise. Some schools in LA, NY, DC and Baltimore have impressive endowments. Some don't. Endowment funds aren't the sole predictor of a well-funded, high-functioning school with a solid business plan. There's no correlation between endowment size and the type of school that is right for your kid. They don't need to be a factor in your decision process when choosing to enroll your kid, or when choosing to give extra money. There you have it.

With respect, not sure I agree w/this summary.

[Anonymous]

NCS:
$40.6 in 2022:
https://www.carneysandoe.com/assets/National-Cathedral-School-AHOSFO-12.06.pdf


STA (from a Facebook post in June 2019 (you can look online to find it-- I'm not linking to my account; I XXX'ed out the individual's name))

As the school year came to a close, alumni, volunteers, staff, and faculty gathered in Marriott Hall to honor Associate Headmaster for Development XXX upon his retirement. Leading the school’s development and alumni relations operations since 2004, XXX oversaw the Centennial and STRIVE Campaigns, raising a total of $135 million for the school, increasing our endowment for financial aid and student and faculty support from $31 to $82 million.

[Anonymous]

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Anonymous wrote:These endowments are all on the low side, even at the top of the list.

This depends on what you are comparing to, of course.

They're not low if you compare to other areas populated like the DC area (vs NY or LA, etc.). Also boarding schools are not comparable - apples to oranges. Anything 10 million plus isn't low, even 5 million plus is high when comparing nationwide.

Um, the DC schools have half the endowment of the top Baltimore schools. That isn’t surprising to you?

The Baltimore Boarding Schools have been around for generations and the ones you're referring to pre-date the city's massive decline. "Old money." a historic era including the family of the likes of Nancy Peloski, Wallis Simpson, etc..

Some of the DC schools, i.e. The Cathedral Schools and Sidwell, are just as old. Stop grasping at straws.

Sidwell's endowment is 50 plus million. The "Cathedral Schools" collectively likely tops 100 million. On a side note, I love Baltimore.

We could also add the tri schools together (bryn mawr, rpcs and Gilman) and get a 280 million plus endowment, but of course, that isn’t how it works.

[Anonymous]

Anonymous wrote:NCS:
$40.6 in 2022:
https://www.carneysandoe.com/assets/National-Cathedral-School-AHOSFO-12.06.pdf


STA (from a Facebook post in June 2019 (you can look online to find it-- I'm not linking to my account; I XXX'ed out the individual's name))

As the school year came to a close, alumni, volunteers, staff, and faculty gathered in Marriott Hall to honor Associate Headmaster for Development XXX upon his retirement. Leading the school’s development and alumni relations operations since 2004, XXX oversaw the Centennial and STRIVE Campaigns, raising a total of $135 million for the school, increasing our endowment for financial aid and student and faculty support from $31 to $82 million.

HUGE. "Cathedral Schools" = $122.6 million plus Beauvoir ______= ?.
(NCS/STA/Beauvoir, which are all part of the Protestant Episcopal Cathedral Foundation)

[Anonymous]

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Anonymous wrote:

Anonymous wrote:These endowments are all on the low side, even at the top of the list.

This depends on what you are comparing to, of course.

They're not low if you compare to other areas populated like the DC area (vs NY or LA, etc.). Also boarding schools are not comparable - apples to oranges. Anything 10 million plus isn't low, even 5 million plus is high when comparing nationwide.

Um, the DC schools have half the endowment of the top Baltimore schools. That isn’t surprising to you?

The Baltimore Boarding Schools have been around for generations and the ones you're referring to pre-date the city's massive decline. "Old money." a historic era including the family of the likes of Nancy Peloski, Wallis Simpson, etc..

Some of the DC schools, i.e. The Cathedral Schools and Sidwell, are just as old. Stop grasping at straws.

Sidwell's endowment is 50 plus million. The "Cathedral Schools" collectively likely tops 100 million. On a side note, I love Baltimore.

We could also add the tri schools together (bryn mawr, rpcs and Gilman) and get a 280 million plus endowment, but of course, that isn’t how it works.

Saint Albans, NCS and Beauvoir are actually all part of the Protestant Episcopal Cathedral Foundation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:DC money isn't like NY money so it doesn't surprise me that these schools don't have boarding school and NYC endowments.

Endowments are not a sign of quality or rigor. It’s a sign of how wealthy the children are that attend. Surprised this needs to be said. Or is Woodberry Forest the 6th best boarding school in the country?

People open their pocket and give back to a school when they feel the school has given them something that is truly irreplaceable. Education, social development etc. WFS is a very old school that has NEVER strayed from its mission. Known, challenged and loved. You will not find a tighter or more proud group of alumni. That endowment is no mystery.

[Anonymous]

Anonymous wrote:NCS:
$40.6 in 2022:
https://www.carneysandoe.com/assets/National-Cathedral-School-AHOSFO-12.06.pdf


STA (from a Facebook post in June 2019 (you can look online to find it-- I'm not linking to my account; I XXX'ed out the individual's name))

As the school year came to a close, alumni, volunteers, staff, and faculty gathered in Marriott Hall to honor Associate Headmaster for Development XXX upon his retirement. Leading the school’s development and alumni relations operations since 2004, XXX oversaw the Centennial and STRIVE Campaigns, raising a total of $135 million for the school, increasing our endowment for financial aid and student and faculty support from $31 to $82 million.

You don’t need to cite Facebook posts, the endowment is in the school’s public filed 990.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:These endowments are all on the low side, even at the top of the list.

This depends on what you are comparing to, of course.

They're not low if you compare to other areas populated like the DC area (vs NY or LA, etc.). Also boarding schools are not comparable - apples to oranges. Anything 10 million plus isn't low, even 5 million plus is high when comparing nationwide.

Um, the DC schools have half the endowment of the top Baltimore schools. That isn’t surprising to you?

The Baltimore Boarding Schools have been around for generations and the ones you're referring to pre-date the city's massive decline. "Old money." a historic era including the family of the likes of Nancy Peloski, Wallis Simpson, etc..

Some of the DC schools, i.e. The Cathedral Schools and Sidwell, are just as old. Stop grasping at straws.

Sidwell's endowment is 50 plus million. The "Cathedral Schools" collectively likely tops 100 million. On a side note, I love Baltimore.

We could also add the tri schools together (bryn mawr, rpcs and Gilman) and get a 280 million plus endowment, but of course, that isn’t how it works.

Saint Albans, NCS and Beauvoir are actually all part of the Protestant Episcopal Cathedral Foundation.

Yet they maintain separate endowments, check the public filings.

Students at bryn Mawr, Gilman , and RPCS take core academic classes together at both their home and sibling schools. The school communities regularly celebrate tri school sports days.

[Anonymous]

Anonymous wrote:

Anonymous wrote:NCS:
$40.6 in 2022:
https://www.carneysandoe.com/assets/National-Cathedral-School-AHOSFO-12.06.pdf


STA (from a Facebook post in June 2019 (you can look online to find it-- I'm not linking to my account; I XXX'ed out the individual's name))

As the school year came to a close, alumni, volunteers, staff, and faculty gathered in Marriott Hall to honor Associate Headmaster for Development XXX upon his retirement. Leading the school’s development and alumni relations operations since 2004, XXX oversaw the Centennial and STRIVE Campaigns, raising a total of $135 million for the school, increasing our endowment for financial aid and student and faculty support from $31 to $82 million.

You don’t need to cite Facebook posts, the endowment is in the school’s public filed 990.

No, it's not. That's a St. Albans school in Texas.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:NCS:
$40.6 in 2022:
https://www.carneysandoe.com/assets/National-Cathedral-School-AHOSFO-12.06.pdf


STA (from a Facebook post in June 2019 (you can look online to find it-- I'm not linking to my account; I XXX'ed out the individual's name))

As the school year came to a close, alumni, volunteers, staff, and faculty gathered in Marriott Hall to honor Associate Headmaster for Development XXX upon his retirement. Leading the school’s development and alumni relations operations since 2004, XXX oversaw the Centennial and STRIVE Campaigns, raising a total of $135 million for the school, increasing our endowment for financial aid and student and faculty support from $31 to $82 million.

You don’t need to cite Facebook posts, the endowment is in the school’s public filed 990.

No, it's not. That's a St. Albans school in Texas.

well, the Protestant Episcopal Cathedral Foundation (NCS/BVR/STA) has a $594,203,451.00 book value of all assets.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:NCS:
$40.6 in 2022:
https://www.carneysandoe.com/assets/National-Cathedral-School-AHOSFO-12.06.pdf


STA (from a Facebook post in June 2019 (you can look online to find it-- I'm not linking to my account; I XXX'ed out the individual's name))

As the school year came to a close, alumni, volunteers, staff, and faculty gathered in Marriott Hall to honor Associate Headmaster for Development XXX upon his retirement. Leading the school’s development and alumni relations operations since 2004, XXX oversaw the Centennial and STRIVE Campaigns, raising a total of $135 million for the school, increasing our endowment for financial aid and student and faculty support from $31 to $82 million.

You don’t need to cite Facebook posts, the endowment is in the school’s public filed 990.

No, it's not. That's a St. Albans school in Texas.

well, the Protestant Episcopal Cathedral Foundation (NCS/BVR/STA) has a $594,203,451.00 book value of all assets.

Which is completely irrelevant school’s endowment. Most of those funds relate to the Cathedral and its work, not the schools.

[Anonymous]

Anonymous wrote:Phillips Andover and Exeter are both each over $1B endowments

Oh my goodness!