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 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.
The Marian E. Baglyos Endowment for Financial Assistance was established in 2009 by an anonymous faculty member at Princeton Academy to honor the commitment and love of students Mrs. Baglyos showed during her 44 years as a middle school teacher. The fund is intended to support the headmaster's discretionary financial assistance budget at Princeton Academy.
The Edward M. Deng Endowment for Math and Science Education, founded in 2009, was established to support excellence in the study and teaching of mathematics and science at Princeton Academy of the Sacred Heart. Proceeds from this endowment may be used for professional development of the faculty in the areas of mathematics and science, or to establish activities among the students which promote and inspire excellence in mathematics and science, as well as any other project the school may deem important to the development and maintenance of strong programs in mathematics and science at Princeton Academy of the Sacred Heart.
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 Fullerton Endowment for Faculty Development was founded in 2006, by parents Brian and Karen Fullerton, to support faculty education and encourage excellence in teaching. The fund welcomes new gifts of any size.
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 Robert A. Monsour Endowment for Technology was established by members of the board of trustees to honor Bob's extraordinary leadership and service during his tenure as board member, capital campaign chair, board chair and webmaster.
The Richard Stobaugh Fund founded in 2008 to help maintain the Academy's physical plant. The fund was established by an anonymous donor "as a show of gratitude to Mr. Stobaugh for his many years of service as Head of Lower School. He has shaped Princeton Academy, benefiting both current and future students." The fund was established in advance of Richard's departure and welcomes gifts of any size in his honor.
