Whereas Annual Giving is used for annual expenses of the operating budget, endowment funds are applied to special programs, faculty compensation, financial aid, and building projects. Endowment is essential to a school's long-term financial security and guarantees that the institution will flourish for generations to come. It also helps the school adapt to changing times and various economic pressures. Annual funds help us live; endowment funds help us grow.
Building an endowment to unimagined levels is a key strategic goal of LBA. While the principal is never touched, a portion of the earnings can be used for various needs of the school. The primary focus of the endowment is to use working capital to fund faculty compensation and financial aid rather than relying on income from the Annual Fund. The long term goal is to attract and retain high caliber teachers and extend financial aid to more families in need for years to come.
To find out more about how you can help establish or contribute to an endowment fund at LBA, email
Christine Hackler, Principal, phone 513-754-1234, or click the link below.
