Support

Endowment

We are so grateful to the generous donors who make it possible for Greenhill to continue to provide an exceptional foundation that allows students to go on to lead remarkable lives.
A robust endowment is an essential component of every successful nonprofit institution, and this is even more relevant in the independent school landscape where the fiscal challenges are mounting. In a time of rising tuitions and increasing need for financial aid among many families, the case for a strong endowment to ensure long-term budget relief and financial sustainability is evident.
 
As we move forward, increased endowment contributions will be critical to achieving the financial flexibility required to make vital investments in our School, including:
 
  • Recruitment and retention a world-class faculty through competitive compensation and supportive work environments;
  • Continuation of our need-blind admissions policy, thereby ensuring our ability to attract the highest quality students;
  • Enrichment of our curriculum and programs to prepare our students to thrive in a changing, interconnected world;
  • Maintaining affordable tuitions as we seek to enroll a socio-economically diverse student body;
  • Providing operating resources to maintain new and existing facilities.
 
The perpetual earnings generated by endowment funds play a critical role in shaping the future of the School by supporting the faculty, programs and facilities that define and enhance the Greenhill experience. We are thankful for all of the support we have received in the past and look forward to working with families and friends to continue to build this valuable resource.

Management & Investment

All gifts to endowment, generally in the form of endowed funds, are considered principal and remain unspent. Income is earned on the invested assets, and a portion of the fund is spent each year for each fund’s designated purpose, in accordance with the School’s spending policy and establishing donor’s intentions. The goal of positive investment returns and continued contributions allows for growth in each individual fund.
 

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  • Investment Policy

    The endowment assets are invested in a diversified portfolio designed to maximize returns without exposure to undue risk. To satisfy its long-term rate-of-return objectives, the School relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends.)
     
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  • Spending Policy

    Annually, the School appropriates for distribution a percentage of its endowment based on current Board policy. Currently, this distribution is calculated using the endowment’s average fair value over the prior twelve (12) quarters through the fiscal year-end preceding the fiscal year in which the distribution is planned using an established spend rate.
     
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Endowment Summary

Designated Purpose 6/30/2013 6/30/2014 6/30/2015 6/30/2016
General Endowment $14,498,727 $16,414,419 $16,599,946 $16,156,617
Financial Aid $3,686,408 $4,143,884 $4,072,844 $3,862,011
Faculty Enrichment $3,002,365 $3,370,207 $3,334,456 $3,174,537
Curriculum/Programs $1,448,568 $1,608,910 $1,564,945 $1,481,319
Facilities $7,615,989 $8,663,545 $8,568,284 $8,090,637
Total Endowment $30,252,057 $34,200,965 $34,140,475 $32,765,120

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Greenhill School

A coed independent day school for prekindergarten – Grade 12
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