Giving to LCS
Endowment
The Campaign to Build the Lake Country School Endowment
…for Teaching …for Learning …for All …Forever
Endowment for Teaching | Endowment for Learning | Endowment for All
Endowment Forever | Endowment Facts | Make a Pledge
Since its founding over 30 years ago, Lake Country School has been blessed with Trustees, parents and staff who have carefully and competently stewarded its resources. As a result, Lake Country is a vibrant, internationally recognized, and financially stable leader in Montessori education. This jewel of a school, created by those who gave generously of their time, talent and treasure, is a gift left to us by visionary families and teachers who have gone before.
Now it’s our turn. Building the Lake Country Endowment will sustain and strengthen what we’ve received—for today’s students and for those who will follow. Sustainability is what endowment is all about.
- Schools with strong endowments can attract and retain excellent teachers through competitive compensation.
- Schools with strong endowments can encourage economic diversity through adequately funded tuition assistance.
- Schools with strong endowments can enhance what makes them great without increasing tuition to fund those enhancements.
- Schools with strong endowments can remain true to their founding vision and mission during economic ebbs and flows.
Currently, the Lake Country Endowment stands at just over $2 million. Our goal is to increase the size of the Endowment to $3 million over the coming year.
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Endowment for Teaching
A school is only as good as its teaching staff, and at Lake Country we are grateful for the gifted Montessori teachers who daily guide, inspire and challenge our children.
As our founding teachers near retirement, our commitment is to attract new and gifted Montessori teachers with the same enthusiasm and passion for children and teaching as those who made Lake Country the school it is today.
Recently, the Board approved a multi-year plan bringing teacher compensation in line with other schools, and increasing the starting salary of new teachers. While today our teacher compensation is competitive, and we have planted the seeds for future success in attracting outstanding teachers, those enhancements required tuition increases, which placed a heavy burden on our middle and lower income families.
A stronger endowment will enable Lake Country School to sustain teacher compensation levels, and training and development opportunities, with minimal impact on tuition while continuing to provide our students with outstanding teachers.
Endowment for Learning
Diversity is a value of our urban school community and an essential part of the prepared environments in which we guide children to live well with all people.
To support economic diversity in the student body, Lake Country provides tuition assistance to all students with financial need. Currently one in every five students receives tuition assistance, but at only 60% of demonstrated need per student. As a result, some families find it necessary to decline admission or reenrollment.
Our goal is to fund closer to 80-90% of every student’s demonstrated financial need and raise the income cap on eligibility for assistance to broaden the pool of families eligible for support.
A strong endowment will provide a secure source of funding for increased tuition assistance independent of tuition.
Endowment for All
A strong endowment insures that Lake Country School will remain an exceptional and authentic Montessori environment. In challenging times, the Endowment will act as a safety net allowing the school to stay true to its Montessori mission and pedagogy without compromising core values and principles. Finally, through a strong endowment, Lake Country School can keep tuition moderate and tuition increases at a minimum – and that’s good news for all Lake Country families!
Endowment. . .Forever
The beauty of endowment is that it is forever. Gifts made to the Lake Country Endowment will serve children and families who are with us today. But even more, every year those gifts will grow, and provide a steady and predictable source of income for Lake Country to live out its vision and mission of bringing authentic Montessori education to children of the Twin Cities.
LCS Endowment Facts
- Lake Country’s Endowment Investment Policies allow for a 4% payout of earnings. In just five years, the Endowment has provided over $184,000 of additional budget support from earnings.
- The average increase on investment over the last three years has been 8.3% with 4% of the asset value paid out in budget support and approximately 4% reinvested to grow the Endowment.
- The charts below demonstrate the growth, annual and cumulative distribution of a $10,000 and a $50,000 gift to the Lake Country School Endowment assuming an 8% rate of return and a 4% distribution rate.
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- $3 million of Endowment principal would generate $120,000 of budget support independent of tuition in the first year, and that support would grow by an estimated 8% each year.
Make a Gift to the Endowment
To make your pledge or gift to the Lake Country School Endowment Fund, click here or contact Mary Vrabel, Development Director, at 612-827-3707 ext. 13 or by email at mvrabel@lakecountryschool.org.
Lake Country School is a non-profit, 501(c)(3). Our federal tax identification number is 41-1278205.