Endowments for any organization provide a permanent means of generating income by safely housing all donated funds and using only the interest generated by them for spending.
These funds operate just like a savings plan for families. Money is placed into a savings account; only the interest generated is used to help operate the household.
HHCA's Endowment Fund:
- Provides effective management of funds contributed to the school for long-term revenue generated to support the school.
- Encourages donors to contribute funds through estate and financial planning thus offering donors a means of “perpetual giving” to HHCA.
- Supports the school’s long-term goals in providing a stable, recurring source of funding for operational purposes.
My family already pays tuition. Why is a gift to HHCA needed as well?
Why is a high level of participation so vital?