Permanent Endowment
Sustaining and Strengthening Deerfield for the Years Ahead |
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Deerfield's endowment began in 1939, with a bequest from Jennie Maria Arms Sheldon,
whose gifts included the George Albert Arms Science Building, given in memory of her father.
Over the years, such gifts of generosity and vision have helped the endowment grow to
its current value of $386 million, providing a crucial portion of the school's operating
budget each year, and ensuring the best possible experience for Deerfield students of the future. |
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Frequently Asked Questions |
| How does Endowment differ from Annual Support? |
| The earnings on endowed funds are used in perpetuity to support the academy's programs and goals.
Because the principal of the fund is never spent, it can generate greater earnings over time. Income
from endowed funds provides thirty-two percent of the operating budget of the school. Annual Support
income, by contrast, is spent the same year it is given and is used entirely in support of the operating
budget of the school. |
| Why Create an Endowed Fund at Deerfield? |
| Every donor has specific personal reasons for creating an endowed fund at Deerfield. Whether it is to
afford others the Deerfield Experience, or to honor a parent, son, daughter, or special friendship, an
endowed fund allows a donor to remain part of Deerfield forever.
Donors may set up a restricted endowed fund in which they designate endowment income for a certain purpose.
Donors may also opt to create an unrestricted endowed fund, which leaves the spending of income at the
discretion of the school. This is most beneficial, because it allows the Head of School and the Board of
Trustees the flexibility to direct the income to the area of greatest need at Deerfield.
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| How are Endowed Funds Established? |
| Endowed funds can be established with outright gifts of cash or stock, through pledges to complete
funding over several years, or through planned gifts (with a direct bequest, a charitable gift annuity,
or a pooled income fund). Families can also join resources to create an endowed fund, allowing their
gifts to have greater impact and creating unique multi-generational ties to the school. To see naming
opportunities for endowed funds,
click here. |
| What kind of Stewardship do Endowed Funds Receive? |
| The Trustees of Deerfield Academy actively manage over 400 endowed funds, protecting the desires of
donors and ensuring healthy growth of these assets. Deerfield's investment policy creates a growing stream
of revenue, while protecting and producing funds for reinvestment. Donors receive yearly updates in the
'Summary of Endowed Funds' section of the Deerfield Annual Report, and in appropriate individual reports as well. |
| We honor your trust in us and protect the intent of every gift. For gifting purposes and official documents,
Deerfield should be referred to as "Trustees of Deerfield Academy." |
For further information or assistance in establishing an endowed fund, please contact:
Paul Higgins, Director of Development
Deerfield Academy
Deerfield, MA 01342
413-774-1871
capitalgiving@deerfield.edu |
