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[quote=Anonymous][quote=Anonymous][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]

Yeah, I missed the per student part!

Still, that “subsidy” isn’t going to go to straight to student experience. Endowment draws are great for the yucky stuff that donors don’t want to pay for: repointing brick, boiler upgrades, green energy requirement compliance retrofits, and on and on. Unless you have a brand new, leased building, maintenance requirements alone can suck up that $40k/student. Remember too that endowments are often restricted- so maybe $1k of that has to go to professional development, $2k to a really specific annual book order dictated by someone who’s been dead for 40 years, $4k to sports, $10k to financial aid, etc. They’re probably also directing unrestricted endowment draws to various reserve funds that won’t be actively used until enough funds are accumulated for repaving a parking lot or redoing a flat roof somewhere.

Endowment draws are not magical pocket money.[/quote]
Should endowment size be considered by parents when looking at privates for their kids?[/quote]

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