Endowment Update 2024–2025
Summit School’s endowment, established in 1959, is a valuable, perpetual asset of the school. During the fiscal year ending June 30, 2025, Summit’s invested endowment generated returns of almost 9.8%. While this was slightly below the 50% MSCI ACWI / 50% Barclay’s Agg benchmark return of 9.9% for the year, the endowment has outperformed the benchmark in the 5-year time horizon. For the most recent year, the endowment increased in value by about $1,700,000 and ended the year valued at $19,538,000. Summit’s investment policy seeks to maintain or grow the value of the school’s investments even in difficult markets and with an embedded long-term capital preservation strategy. Summit’s Investment Committee,
chaired by board member and former parent Matt Petronzio and working with Cerity Partners OCIO, will continue to monitor investments among multiple asset classes and fund managers while ensuring that we are working within the boundaries set out by the Investment Policy Statement. Our goal is to assure the financial stability of Summit School both now and into the future, with an emphasis on preservation of assets, while reaching prudently for some growth, and being mindful of the ever-changing investment landscape. The board’s policy is to draw up to 5.0% of a three-year rolling average of the value of the endowment, on an annual basis, resulting in an annual draw of more than $860,000 which supports Summit’s programming.
14%
14%
4%
Global Fixed Income
Financial Assistance
23%
Absolute Return
16+2+725L 15.5+7+11.58.57.5L
General and Operating Support
50%
32%
Faculty Support and Professional Development
Board Designated
TOTAL ENDOWMENT
$
19,538,000 as of 6/30/2025
Annual amount transferred to Summit School to support our students, faculty, and programs.
2020 - 2021
$735,520
2021 - 2022
$778,368
2022 - 2023
$778,368
2023 - 2024
$871,812
2024 - 2025
$862,374
Five-year total
$4,026,442
31
17%
Real Assets
%
Global Equities
15%
INVESTMENT COMPOSITION
Private Capital