2014-15ANNUALREPORT ROCKY HILL SCHOOL ENDOWMENT Rocky Hill School’s endowment consists of unrestricted funds as well as those deemed temporarily or permanently restricted. These funds are managed by the School’s financial advisers at Newman Dignan & Sheerar and are reviewed annually as part of the School’s financial audit. A strong endowment provides resources for years to come. We appreciate and value the steady and reliable support of our endowment donors. The School’s Unrestricted Endowment realized total gains of $8,872 (capital appreciation, dividends, management fees, and interest) to close the year with a value of $410,957. Temporarily Restricted and Permanently Restricted funds had a net change of ($355,630). Contributions to the funds totaled $2,250 with an additional $8,332 in realized and unrealized gains. Distributions and transfers to the Unrestricted Endowment totaled $366,203 and the funds finished at year end with a total value of $1,097,562. Details for named funds are provided on the pages that follow.
D’Abate Scholarship Fund
Named Funds - Values and Donors (July 1, 2014 - June 30, 2015) Unrestricted Endowment
Honor Board Fund Value 6/30/14
$
Realized gain - net
114
Unrealized loss - net Carry forward balance 6/30/15
6,460 (12)
$
6,562
Temporarily Restricted Endowment
Gerard Unger Better Learning Center Scholarship Fund Value 6/30/14 Realized gain - net Unrealized loss - net Used for scholarships Carry forward balance 6/30/15
$
$
5,904 104 (11) 0 5,997
Restricted Endowment
Sean Cox ’88 Scholarship Fund Value 6/30/14 Contributions Realized gain - net Unrealized loss - net Used for scholarships Carry forward balance 6/30/15
$ 68,000 250 1,197 (124) (1,000) $ 68,323
Boss Scholarship Fund Value 6/30/14 Realized gain - net Unrealized loss - net Used for scholarship Carry forward balance 6/30/15
$ 19,051 335 (36) (500) $ 18,850
Value 6/30/14 Realized gain - net Unrealized loss - net Used for scholarship Carry forward balance 6/30/15
Edward E. Ford Foundation Fund Value 6/30/14 Realized gain - net Unrealized loss - net Used for US faculty salaries Carry forward balance 6/30/15
$ 35,926 632 (67) (500) $ 35,991
$ 77,951 1,372 (146) (5,000) $ 74,177
Knight Fund Value 6/30/14 Realized gain - net Unrealized loss - net Used for recognition award Carry forward balance 6/30/15
$
$
3,633 64 (7) (50) 3,640
Marshall Book Fund Value 6/30/14 Realized gain - net Unrealized loss - net Used for book award Carry forward balance 6/30/15
$
$
3,823 67 (7) (30) 3,853
Kirkland Gibson Faculty Summer Enrichment Fund Value 6/30/14 Contribution from PTL Realized gain - net Unrealized loss - net Used for summer study Carry forward balance 6/30/15
$ 77,581 2,000 1,372 (185) (1,200) $ 79,568