A strong endowment is essential to sustaining our tradition of excellence and preserving our foundational values: love of learning, balance, diversity, community and service.
Devoted and generous alumni, parents and friends have established endowed funds which provide permanent income to St. Stephen’s Episcopal School. A gift to the endowment creates a permanent funding source because the original gift is never spent. Instead, gifts to the endowment are carefully invested so the income created can fund expenses and fulfill the school’s mission in perpetuity.
“Our support for St. Stephen’s comes from the belief that education is extremely important. My great-grandfather provided an inheritance that allowed me to attend St. Stephen’s and college. Gwen and I both want to provide a legacy for others who might not be able to attend St. Stephen’s. That is why we give annually and have provided for St. Stephen’s in our estate planning.”
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The value of the St. Stephen’s endowment on July 31, 2024 was $40 million.
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St. Stephen’s endowment spending policy is a 4% annual distribution to the operating budget. To even out the swings in the market value, the distribution is calculated from the previous 12-quarter market value of the portfolio. In doing so, we ensure that we spend appropriately on St. Stephen’s today while also saving for the future.
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If St. Stephen’s has made a difference in your life, we hope you will consider joining the Spartan Legacy Society by including a gift to the school in your estate plan. Planned gifts provide long-term financial stability for St. Stephen’s, reduce the tax burden on your estate, and impact the school beyond what may be possible during your lifetime.
To learn more about Planned Giving at St. Stephen’s, contact Sarah Li at sli@sstx.org or 512.327.1213 x 217.
From its earliest days, St. Stephen’s has depended on philanthropy to flourish. We honor and recognize all those who have made a provision for St. Stephen’s in their estate plans, whose generosity will benefit future generations of Spartans, as members of the Spartan Legacy Society. Their gifts are stewarded through the school’s endowment and provide financial support in perpetuity.
Contact Sarah Li, Director of Major Gifts
at 512.327.1213 x217
