The Poly endowment
Each year, far-sighted donors support the Poly endowment to ensure that the school remains strong for today and for generations to come. Endowment gifts advance specific areas of the school, such as financial aid or faculty salaries; others support the school at large. Together, endowed funds supply roughly 10 percent of Poly’s budget every year. Those who contribute to Poly’s endowment can take great pride in knowing that their gifts are benefitting the school now and well into the future.
Why do we need endowment?
The endowment supports people — Endowment income permits the school to secure funds for faculty salaries, faculty professional growth, and student financial aid. Endowment helps to preserve a low student-to-faculty ratio and to maintain economic diversity within the student body.
The endowment supports program and innovation — By underwriting the development of new and expanding courses and by keeping traditional curricula up to date, endowment keeps Poly creative and well-rounded.
The endowment supports opportunity — During every school year, unexpected educational opportunities emerge. They may be new teaching materials or off-campus experiential endeavors. A robust endowment gives the school flexibility to take advantage of those options even though they are not in the operating budget.
Gifts to support specific programs (directed giving)
Unlike gifts to the endowment, directed (or restricted) gifts are spent immediately or over a period of a few years for a specific purpose designated by the donor. Directed gifts can support financial aid, a particular academic or athletic program, technology, etc.
Gifts to support campus and facilities (capital projects)
While a portion of Poly Fund gifts are spent every year toward the maintenance and upkeep of existing facilities, there are times when the board of trustees, guided by a thoughtful long-range planning process, recommends that the school build upon and improve its physical plant and infrastructure. These improvements are funded through periodic capital campaigns during which alumni, parents, and friends of the school are invited to make contributions to the campus itself. In addition, modest-sized renovation projects may be funded with outright support.