Endowments

An endowment is a pool of money, made up mainly of donations, invested in a way that produces income to support the mission and work of Seattle Prep. Endowments grow over time with interest, dividends, and capital appreciation. Endowments are designed as assets that can grow and provide steady funding over time. The principal balance remains in the endowment to preserve it. A percentage of the earnings are distributed during the year to help meet the school's financial needs. The endowment is an important source for the future viability, sustainability, and accessibility of Seattle Prep. 

A strong endowment is vital to a vibrant Prep community. The cost of a Prep education for 2023-24 is $32, 312. However, in order to have our Jesuit education as accessible as possible the actual tuition is $25,900. Earnings from endowments and Annual Fund contributions make up the difference.

Many alumni feel their time at Prep had an important influence in their lives, and they want other students to share this experience. They create an endowment to facilitate that process. Individuals also choose to create an endowment as a tribute to someone special, such as a parent, teacher or classmate.

There are dozens of named endowments and funds established to provide future Panthers with a Seattle Prep education. Most funds provide valuable financial assistance for students; others support school programs such as the Regina Melonson Learning Resource Center, science, the drama and yearbook programs, or technology. Collectively, these funds are known as the Seattle Preparatory School Endowment.

Establishing a named endowment begins with a gift or pledge (paid over five years) of $50,000. Donors can fund an endowment alone, with classmates, or with family and friends. They can also be funded through a donor-advised fund, stock gift, foundation grant or an estate gift. Endowments with less than $50,000 in contributions support tuition assistance awards through the Seattle Preparatory School Endowment.

Graduation and class reunions are a great time to talk with your classmates about building your Prep legacy through a class endowment.

Call the Advancement Office at (206) 577-2151 with any questions.

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