Endowment gifts are often referred to as “ultimate gifts” because their impact is permanent in nature. These gifts, because they support St. John’s in perpetuity, often have profound meaning in the lives of the donors. Endowment gifts can be directed in a number of different ways.
To establish a new fund, the current minimum thresholds apply:
Endowed Department Chairs $2,000,000
Faculty Chairs $1,000,000
Master Chairs $750,000
Fully Endowed Scholarship Fund $750,000
Fully Funded Partial Scholarship Fund $300,000
General Scholarship Fund $50,000-$299,999
Named Restricted Fund $50,000
Named Unrestricted Fund $25,000
- Unrestricted Endowment - Gifts for unrestricted endowment can be made at any dollar level. Unrestricted endowment gifts provide the highest degree of flexibility for determining the best use of endowment yield in fulfilling the overall mission of the institution.
- Endowed Department Chairs – Attracting and retaining faculty leadership is a major priority. These leaders set the tone for other faculty members and serve as mentors to others as they grow professionally. Their role as pacesetters is a cornerstone to achieving continued excellence in the academic experience and achievement for St. John’s students. Department Chairs are permanently endowed funds that provide yield necessary to attract and retain such faculty leaders.
- Endowment for Faculty Professional Development – Robust professional development not only strengthens and enriches faculty and the student experience, but it also has a direct impact upon attracting and retaining the very best faculty.
- Named Endowed Chairs Awards for Faculty Development – These Chairs will now be awarded for an eight-year term or until the recipient leaves St. John’s. They provide $10,000 per year for faculty development with the expectation that the recipient will utilize skills and knowledge gained to mentor fellow faculty and will report progress back to the donor.
- Named Endowed Master Teacher Awards - Master Teacher Awards will now be awarded for a five-year term or until the recipient leaves St. John’s. They provide $7,000 per year for faculty development with the expectation that the recipient will utilize skills and knowledge gained to mentor fellow faculty and will report progress back to the donor.
- Financial Aid – Financial-aid endowment is an endowment priority that helps provide accessibility to a St. John’s education regardless of families' ability to pay the full cost of tuition.
- Headmaster’s Student Assistance Fund - The Headmaster’s Student Assistance Fund is critical in providing support to students for numerous costs that go beyond the reach of financial aid, including field trips, SAT prep classes, extracurricular activities, and other costs that can be prohibitive for participation.
- Named and Restricted Endowment Funds – These permanent funds can be named and restricted to a particular area of focus within St. John’s identified needs and priorities as approved by the Headmaster.
- Named Endowment Funds – These permanently endowed funds can be named in honor of a family member, faculty member or other member of the community as approved by the Headmaster.