ENDOWMENT - Sustaining Greatness at The Benjamin School

ENDOWMENT Sustaining Greatness at

ENDOWMENT Sustaining Greatness at

Endowment is about sustaining the exceptional nature of TBS for decades to come by enhancing programs and buffering economic and enrollment downturns.

By helping build The Benjamin School’s endowment, you are making the most lasting, and perhaps most important, gift you will ever make to the School.

A strong endowment ensures that TBS thrives by providing the financial flexibility to invest strategically in teachers, academic and athletic programs and the expansion of diversity of our school.

WHAT IS ENDOWMENT? Simply put, endowment is Benjamin’s savings account. Endowed gifts are part of the School’s donated pool of invested money where the principal is left untouched so it can achieve long-term growth. The return from those investments can be used to fund Benjamin’s operations, pay for special programming, or grow the endowment principal. The bigger the endowment, the more Benjamin can earn on an annual basis to offset annual budget expenditures. Independent schools with the strongest endowments set the standards of educational excellence, push the frontiers of innovation, and sustain greatness over generations.

BY THE NUMBERS: Current invested funds and endowment:

$16 MILLION Endowment goal:

$30 MILLION by 2030

Minimum endowment threshold:

$50 THOUSAND

WHAT ARE THE DIFFERENT TYPES OF ENDOWMENT? Unrestricted Endowment: This can be used at the discretion of the Board of Trustees in accordance with spending policies.

Restricted Endowment: The earnings must be spent as the donor stipulates in accordance with spending policies.

Term Endowment: The principal is held intact only for a predetermined amount of time, to fund a specific area either directed by the donor or the School.

UNRESTRICTED

Endowments INVEST IN OUR FUTURE Through an unrestricted endowed gift, you can create a legacy and permanently support what you value about the Benjamin experience. By donating to our unrestricted pool, you are giving the School the flexibility to invest and respond to the needs of tomorrow.

Any gift of $1,000,000 or more comes with a naming opportunity.

GIFT AMOUNT

NAMING OPPORTUNITY

$10,000,000

Campus name (either Upper School or Lower/ Middle School) Benjamin Hall Entire Athletic Complex (Upper School football field, baseball and softball fields, tennis courts, and track) Liberal Arts Center OR Science and Visual Arts Center (Upper School) Middle School or Lower School Division office Fine Arts Center (Lower/Middle School campus facing US 1) Business/Advancement Office (Lower/Middle School campus facing US 1)

$3,000,000 $3,000,000

$2,000,000 $1,000,000 $1,000,000 $1,000,000

RESTRICTED AND TERM

Endowments INVEST IN OUR TEACHERS AND COACHES Endowment enables Benjamin to continue to attract and retain a world-class faculty dedicated to educating our students. Donors can help offset the salary costs of department chairs and select athletic positions in perpetuity (restricted endowment) or for a limited time (term endowment). All positions endowed by a donor come with naming opportunities.

For example, “The Joe and Suzy Smith English Department Chair� can be endowed in two ways:

RESTRICTED ENDOWMENT

TERM ENDOWMENT

$1,000,000 or more (naming rights in perpetuity) Benefit to School (w/5% return) $50,000 annual earning, principal continues to grow

$200,000 (with naming rights up to 5 years) Benefit to School (w/5% return) $20,000 annual earning until expended

Endowed Chair Positions Available: English, Mathematics, Design, Science, World Language, Social Studies, Dean of Students, Director of Athletics, Football Coach, Director of College Counseling, and Director of Student Services

INVEST IN OUR ACADEMIC PROGRAMS The budgets for our various academic programs help fuel the learning, exploring, and educational benchmarks that are hallmarks of a Benjamin education. You have the opportunity to invest in a specific subject area that has special meaning to you. Your gift will ensure the program maintains its robust pedagogy while adapting to future advancements in the specific area. Donors can offset the program costs of a department into perpetuity (restricted endowment) or for a limited time (term endowment). All donor-endowed positions come with naming opportunities.

For example, “The Joe and Suzy Smith Science Program Fund” can be endowed in two ways:

RESTRICTED ENDOWMENT

TERM ENDOWMENT

$1,000,000 or more Benefit to School (w/5% return) $50,000+ annual earning, principal continues to grow

$200,000 (with naming rights up to 5 years) Benefit to School (w/5% return) $20,000 annual earning until expended

Endowed Middle and Upper School Program Funds available: English, Mathematics, Design, Science, World Language, Social Studies and Performing Arts

INVEST IN OUR STUDENTS A larger Financial Aid endowment directly impacts the lives of all students by enhancing the School’s ability to attract and retain highly qualified and deserving students, regardless of the financial circumstances. Currently, Benjamin provides more than $3 Million annually in financial aid, money that comes out of our operating budget.

By investing in the Financial Aid endowment, you will provide a Benjamin education to a deserving child while helping the School be less dependent on operating funds to support FA needs.

Naming Opportunities include:

FULL-TUITION SCHOLARSHIP $750,000 Benefit to School (w/5% return) $37,500 annually OR

PARTIAL-TUITION SCHOLARSHIP $250,000 Benefit to School (w/5% return) $12,500 annually

INVEST IN OUR ATHLETIC PROGRAMS The Buccaneers have a long history of athletic prowess on the field and on the court. Many of our student-athletes have received scholarships at the nation’s top universities; some have turned pro; and others have gone on to the Olympics, including one gold medal winner. Ensure the Buccaneer legacy continues by helping offset athletic program costs into perpetuity (restricted endowment) or for a limited time (term endowment). All donor-endowed athletic programs come with naming opportunities.

OTHER ENDOWED ATHLETIC PROGRAMS For example, “The Joe and Suzy Smith Football Program” can be endowed in two ways:

RESTRICTED ENDOWMENT (FOOTBALL)

TERM ENDOWMENT (FOOTBALL)

$1,000,000 or more Benefit to School (w/5% return) $50,000 annual earning, principal continues to grow

$200,000 (with naming rights up to 5 years) Benefit to School (w/5% return) $20,000 annual earning until expended

RESTRICTED ENDOWMENT (LACROSSE)

TERM ENDOWMENT (LACROSSE)

$500,000 or more Benefit to School (w/5% return) $25,000 annual earning, principal continues to grow

$100,000 (with naming rights up to 5 years) Benefit to School (w/5% return) $10,000 annual earning until expended

TERM ENDOWMENT (GOLF) $200,000 (with naming rights up to 10 years) Benefit to School (w/5% return) $20,000 annual earning until expended OR $100,000 with naming rights up to 5 years Benefit to School (w/5% return) $10,000 annual earning until expended

TERM ENDOWMENT (BASKETBALL) $100,000 (with naming rights up to 5 years) Benefit to School (w/5% return) $10,000 annual earning until expended

TERM ENDOWMENT (TENNIS) $100,000 (with naming rights up to 5 years) Benefit to School (w/5% return) $10,000 annual earning until expended

TERM ENDOWMENT (TRACK) $100,000 (with naming rights up to 5 years) Benefit to School (w/5% return) $10,000 annual earning until expended

THE BENJAMIN SCHOOL’S

Endowment Investment Philosophy The Board of Trustees’ primary goal for its endowment is to achieve returns sufficient to sustain annual 5% draw plus inflationary growth to help grow the principal over time. The annual draw rate is consistent with best practices among independent schools who rely on endowment for sustainable growth.

Carefully governed and professionally managed. The Board’s Investment Committee oversees all investment activity, with advice and implementation from professional asset management consultants.

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Consistent and conservative. All investments are guided by a disciplined allocation strategy with consistent targets and ranges.

For questions about Endowment, please contact Chief Development Officer, Juan Carlos Fanjul ‘93.

Diversified and directed. Endowment is diversified across asset classes as well across multiple managers within each class, where possible.

email: juancarlos.fanjul@ thebenjaminschool.org phone: 561-472-3480

thebenjaminschool.org/ endowment

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