ENDOWMENT AND CURRENTLY RESTRICTED FUNDS (IN MILLIONS UNAUDITED)
$50 million $45.5 $40 million
$37.5 $33.5
$33.6 $30.9
$28.5 $26.1
$24.4
$32.1 $30 million
$27.4
$19.5
$20 million
$10 million
FY04
FY05
FY06
FY07
FY08
FY09
FY10
FY1 1
FY12
FY13
FY14
$0
The Sacred Heart Schools, Atherton endowment supports scholarships, faculty development, and many other areas critical to the success and financial well-being of the Schools. Each year the Investment Committee of the Board of Trustees carefully reviews the spending policy and recommends an annual spending rate that is appropriate to meet these needs. This spending rate is applied to all gifts where the donor has not otherwise made a specific spending request. The remaining unspent monies are reinvested for continued growth as a hedge against inflation. The spending rate for 2013-2014 was four percent, based on a three-year average of the endowment’s market value.
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