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Private & Independent Schools
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Now that Woodberry’s endowment is north of $1 million per student maybe they can back off on the constant fundraising appeals to alumni Upgrading the sand in the bunkers on the campus golf course isn’t one of my philanthropic priorities [/quote] An endowment of $1M is only going to have a draw of ~$40k/year, and that’s probably going straight into the operating budget. It’s not an unlimited spending slush fund. You are going to get asked for money.[/quote] The endowment is $1M per STUDENT. So, according to your math, each student starts the academic year with a personal $40k subsidy on top of the $65k full annual tuition that - according to the school - 60% of the students pay.[/quote]
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