Lakehill Preparatory School Endowment Program

Established in 1971, Lakehill Preparatory School has a long-standing tradition of providing academic excellence, personal growth, and responsibility to others.  We enhance these core values by giving our students the opportunity to find their own path.  Throughout the years, the support of parents, alumni, and staff has provided a strong financial base for Lakehill to grow.  Now, we look to the future and to providing the next generation with an opportunity to experience Lakehill Preparatory School.

An endowment creates financial stability, allowing Lakehill to be less dependent on unpredictable sources of revenue.  Endowments are created by establishing a permanent fund that is invested and managed by investment professionals.  A portion of the annual income generated is used to carry out the donor’s designated purpose with the remainder added back to the endowment so that it continues to grow for future generations.

Gifts for scholarships or other initiatives provide many opportunities to merge the donor’s desire to promote and enhance Lakehill with the needs and objectives of the School. 

If you would like to make a gift on-line to the Endowment, please click here.

The Answers Behind Lakehill Preparatory School’s Endowment Program

What is an Endowment?

An endowment is a fund of money to be held in perpetuity as directed by the donor. The money in this fund is invested in stocks, bonds, and other vehicles, and an annual income is derived from this investment. Endowments are permanent; the principal cannot be touched, but rather it is invested in perpetuity to provide an enduring source of funding for the school.

Why is an Endowment so important?

The best model for sustaining a unique and robust educational experience is a strong endowment. Endowments are a permanent and growing source of revenue. An endowment fund is a key form of funding that supports every dimension of the School’s operation.

Think of endowments as putting away money for a rainy day – only this money lasts not just through one rainy day, but through many. An endowment acts as a self-sustaining funding stream, one that may prove crucial to the financial stability both in the present and the future.

Providing a stable income source is not the only benefit of an endowment. With the creation of an endowment program, a school is highlighting its long-term mission and vision, renewing its commitment to donors, and assuring parents, alumni, and friends of its long-term stability.

Why create a Lakehill Endowment?

Every donor has a specific reason for creating an Endowment at Lakehill. Whether it is to afford others the Lakehill experience, or to honor a parent, child, or a special faculty member, an endowed fund allows a donor to truly remain part of the Lakehill community forever. Donors may set up a restricted endowment in which they designate how the income from the endowment will be used. Donors may also opt to give the Headmaster and Board of Directors the discretion to spend the income in the most fitting manner.

Establishing a Named Endowment Fund

Outright gifts of cash or stock can establish an endowed fund. Pledges to complete funding can be made over several years. Planned gifts are another convenient means to fund a naming opportunity, either with a direct bequest or a charitable gift annuity. Named endowments are available in a wide range of areas. In order to guarantee that the income from an endowment will be sufficient to achieve the donor’s goals, minimum support levels have been established. Naming opportunities begin at $15,000 payable over three years.

For additional information about the Lakehill Preparatory School Endowment Program, please contact Reid Parker at 214-826-2931 or rparker@lakehillprep.org.