Endowments
Princeton Academy's annual and ongoing expenses are largely met by the Annual Fund and tuition, but the Academy's future will depend on our endowment. An endowment is a permanent fund from which only earned income is spent; the principal is invested under the guidance of the Board of Trustees. Funds come to the endowment through gifts designated for that purpose by donors, and through unrestricted capital gifts that the trustees designate for endowment.
A named endowment fund may be established at any time with a gift of $10,000 or more, and additional gifts in any amount may be made to any endowment at any time.
In addition to the Academy's general endowment fund, Princeton Academy welcomes donations to any of the following named endowment funds:
The Kalkus Family Library Fund founded in 2005 to support new acquisitions for Princeton Academy's library. The Fund was established by the family of founding Headmaster Olen Kalkus in 2005, the Kalkus Family Library fund was the first named fund at Princeton Academy.
The Edward R. Farley, Jr., Memorial Athletic Fund founded in 2007 to support the activities of the athletic program. The Fund was established by Harold W. McGraw, Jr. in memory of Mr. Farley, longtime supporter and beloved Princeton Academy grandparent.
The Family Memorial Endowment founded in 2007 as a fund to honor parents and grandparents who have provided direction and inspiration. The Fund was established by the family of former trustee Mark Johnson, and welcomes gifts of any size in thanksgiving for the lives and examples of parents, grandparents, family members, and friends.
