A testimonial from the Preston Family
"Endowments are often thought of as the stodgy distant cousins of philanthropy. Most people don't think about endowments very often, and when they do, they tend to view a donation to one as a not-too-thrilling type of giving that is best left to someone else, or at least put off until late in life, when it comes time to make a bequest."
"We couldn't disagree more with this view. We recently made a gift to Princeton Academy's endowment, because it seemed to us to be the most dynamic type of gift we could give. An endowment is simply invested capital-a portfolio that grows over time and also provides income for the school to use as it sees fit-for faculty development, or scholarships, or curricular initiatives, to cite only a few possibilities. By adding a measure of financial stability, an endowment frees the school's leaders to focus on our boys' education, and be to bold and creative in developing Princeton Academy's mission. We believe that by making a gift to endowment, we are investing in the human capital of the school-in the commitment of the school's leaders to excellence. Our son will reap the benefits of this immediately, while still a student, and future generations of students will profit even more, as the school's initiatives compound upon themselves."
"Giving to Princeton Academy's endowment now, while we are still relatively young, is for us a greedy pleasure. By making our gift now, we will have the pleasure of watching it appreciate in value for many years to come. Likewise, we will be able to witness the growing endowment's ever broadening sphere of influence, in the lives of our son, the school, and its many students to come."
Richard and Michelle Preston
Parents of Oliver, '08
