Endowments

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, and additional gifts in any amount may be made to any endowment at any time. Princeton Academy’s endowment includes funding for scholarships, the library, faculty professional development, technology and much more. In addition to the Academy’s general endowment fund, Princeton Academy welcomes donations to any of the following named endowment funds.

To discuss a gift, please contact the Development Office at (609) 921-1879, or via email.

Princeton Academy Endowments

Edward M. Deng Endowment for Math and Science Education

The Edward M. Deng Endowment for Math and Science Education was founded in 2009 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 the professional development of 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.

Edward R. Farley Jr. Memorial Athletic Fund

The Edward R. Farley Jr. Memorial Athletic Fund was 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.

Family Memorial Endowment

The Family Memorial Endowment was 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.

Fullerton Endowment for Faculty Development

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.

Kalkus Family Library Fund

The Kalkus Family Library Fund was founded in 2005 to support new acquisitions for Princeton Academy's William E. Simon Chapel Library. The fund was established by the family and friends of Founding Headmaster Olen Kalkus in 2005, the Kalkus Family Library Fund was the first named fund at Princeton Academy.

Marian E. Baglyos Endowment for Financial Assistance

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 that Mrs. Baglyos demonstrated 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 fund welcomes new gifts of any size.

Mario J. Laurenti '03 Financial Aid Endowment

The Mario J. Laurenti '03 Financial Aid Endowment was founded in 2014 by the grandmother of Mario J. Laurenti '03, a member of the Academy's first Middle School graduating class. This endowment is intended to help assure the economic, ethnic and geographic diversity of the Academy's student body by providing a secure base of financial aid for students in need.

Richard Stobaugh Fund

The Richard Stobaugh Fund was 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.

Robert A. Monsour Endowment for Technology

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.