Endowed Giving at Fordham Prep
Endowment Funds provide long-lasting benefits through gifts that are then invested to generate income in perpetuity, solidifying financial stability for the Prep for generations.
Endowment gifts are typically classified as “pure” or “restricted” endowments, meaning that they must be used as originally intended/specified by the donor. Benefactors may choose the area with which they’d like their fund to support:
Student Scholarships
Funds dedicated to full and partial tuition support. Scholarships account for XX% of Fordham Prep Endowment Gifts.
Special Programs
Funds dedicated to programs like faculty development, specific identified needs, guest speakers, and more.
Student Prizes
Funds dedicated to recognize specific student achievements, such as extracurricular leadership or exceptional sportsmanship.
Establishing an Endowed Fund at Fordham Prep
Below are the criteria and requirements for different types of endowment gifts:
Full or Partial Named Tuition Scholarship Funds
Endowing a scholarship at Fordham Prep is the single most significant and effective gift you can make to our endowment. A Named Endowed Scholarship Fund provides a permanent tuition scholarship. Funds can be titled for an individual, family or organization.
Requirements to endow a full or partial tuition scholarship fund:
- Full Tuition Scholarship: $500,000
- Three-Quarter Tuition Scholarship: $375,000
- Half Tuition Scholarship: $250,000
- One-Quarter Tuition Scholarship: $125,000
Named Funds and General Endowment
Non-scholarship named fund opportunities include the following categories:
- Most Needed
- Endowed Chair
- Staff Development
- Awards
- Maintenance
Requirements to endow a named fund:
- An individual, family or organization can create a named endowed fund with a donation of $25,000 or more.
- Additional contributions to principal may be made in ensuing years.
Class Endowed Funds
If you are interested in learning more about setting up a scholarship endowment with your classmates please contact us.
Class Endowed Funds can be both Scholarship or General Named Funds.
To see if your class has established a scholarship endowment in honor of a reunion or special circumstances, please view the list below.
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Contribute to an Existing Fund
We are aware that many donors may not be able to underwrite a new named fund.
We welcome contributions and pledges of any amount to an existing scholarship endowment fund. A donor who adds to an established fund can enjoy the satisfaction of knowing that his or her gift will help students well into the future.
Existing Endowment Funds at Fordham Prep
A complete listing of the Prep's more than 100 established named endowed scholarships can be found below.
How Endowment Funds are Managed
Those intending to support the Endowment will make their contribution to Fordham Prep Formation Foundation Trust, a separate legal entity that manages the fund.
The Fordham Prep Formation Foundation Trust is designed to be a perpetual source of financial support to the Prep to assist with fulfilling its mission of providing a premier education to deserving young men in the Bronx and surrounding areas.
The Foundation helps ensure that all donations will be exclusively used for the Prep’s Mission. The Foundation is a separate legal entity, and all checks should be made out to Fordham Prep Formation Foundation Trust.
Questions? Contact Us
Ryan Fink
Class of:
2010
Titles:
Assistant Director for Development and Data Analysis, Leonard Theatre Technical Director