There are some options to consider when you make an endowment gift:
Unrestricted Endowment - A gift to the Unrestricted Endowment Fund is added to the School's professionally managed invested funds. Income generated from the fund is used at the School's discretion, where there is the greatest need.
Permanently Restricted Endowment - Several permanently restricted funds have been established in the School's Endowment.
Examples include the following:
The Mariners' Scholar Fund - this fund was created with a $250,000 grant from a private foundation in 2004. Beginning in 2005, this fund made available full-need financial aid for an upper school student applying from an area public school. The goal is to increase the fund to over $1 million in order to enroll a new Mariner Scholar each year.
Endowed Teaching Chair Program - To emphasize a commitment to our faculty, Rocky Hill School has established the Endowed Teaching Chair Program. We have set a goal to establish a minimum of 15 or more; one chair in each grade and/or department throughout the School through fundraising. This is a priority of the Mariners' Campaign and offers donors the opportunity to make a permanent investment to support outstanding teaching at Rocky Hill School in perpetuity.
The Endowment also includes several named scholarship and award funds. For more information on how to make a gift to the Endowment, please contact Beth DeGerlia, Director of Development, at bdegerlia@rockyhill.org or by phone at 401-884-9070 ext. 129.