Mayfield Junior School
of the Holy Child Jesus
Endowments & Named Funds
The Endowment
The Mayfield Endowment is comprised of several named funds, the use of which is designated to a specific area of support. The largest component is our general endowment, most actively supported through the annual benefit. Each year, the net proceeds of the benefit are invested. These additions strengthen our school and the ability to support our mission each day.
Each year the endowment distributes up to 5% of the total assets to support the school's budget. From tuition assistance to faculty salaries and professional development and programming the impact of the endowment is felt across the campus.
Named Funds
Establishing a Fund
New named endowment funds may be established at one of the following levels:
$50,000 - Named endowment to support financial aid, building or campus maintenance, academic subject area, or school program
$300,000 - Named program for faculty study grants or to support a defined institutional program
Endowment for Tuition Assistance to cover one student's full tuition will be determined by the following formula: Current Tuition/.03 (or 3%) = X (current minimum needed to establish fund)
$1,000,000 – Named Faculty Chair