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Endowments

The King’s Academy currently has 13 endowments: 

  • Student Scholarship Endowment 
  • M. Nelson and Jane Loveland Scholarship Endowment                                     
  • James and Annie Erneston Scholarship Endowment 
  • Faculty Development Endowment 
  • Building Maintenance Endowment 
  • O’Keeffe Pre-Law Studies Endowment 
  • O’Keeffe Pre-Law Studies Faculty Endowment 
  • Dimino Engineering & Technology Endowment 
  • The Smith Family Conservatory of the Arts Endowment 
  • Business Program of Distinction -Accounting Program Endowment 
  • Grace Scholarship Endowment 
  • Christian Leadership Program of Distinction Endowment 
  • Employee Compensation Endowment

How do endowments work?

The King’s Academy has a growing endowment program. Gifts made to an endowment are invested in perpetuity to generate earnings to support the specified need. The endowment’s principal balance is untouched so that growth can continue and provide a continual source of support for the school. Endowment gifts have a significant impact on identified funding priorities and support the long-term financial stability of The King’s Academy. 

For instance, if an endowment has $1,000,000 in principal and it is invested with a 5% rate of return, $50,000 in interest annually will be used for its intended purpose. Endowments are established through major gifts when the donor desires that the gift “keep on giving” over the years. Smaller gifts may then be given to add to the endowment at any time. For more information about setting up an endowment or contributing to an existing one, please contact Rosario Larson at rlarson@tka.net.