What is endowment?
Endowment is a compilation of multiple funds given by many donors over time to support specific purposes that cannot always be changed after the gift is made. The funds are invested together to support Notre Dame San Jose's mission in perpetuity. Endowed funds grow over time through a combination of donations and investment returns, and funds are spent to meet both current needs and the needs of future generations. Donor gifts to endowment remain intact forever while the interest income provides restricted annual income to support programs as defined by the donor.
Why is endowment needed?
Notre Dame San Jose is an independent, not-for-profit school. As such, the school is not funded by the government and must earn income to cover the cost of educating students and operating the school. The three main sources of income are tuition, fundraising and investments. Support for the endowment ensures a base of investments that remain intact while offering a long-term, stable and predictable source of revenue to support operations, tuition assistance, programs or other projects as defined by the donor.
The tuition assistance endowment is invested collectively to support tuition assistance for Notre Dame students who are only limited by their financial resources.
The ThirtyOne Women endowment ensures that two students from Our Lady of Grace Sacred Heart Nativity School can attend Notre Dame High School each year. The four-year scholarship the endowment supports helps students and their families break the cycle of poverty through education.
The teacher support endowment provides revenue to offer teachers and faculty professional development and research opportunities including serving a one-year term as the Center for Women’s Leadership endowed faculty member.
The 1851 Legacy Society supports the tuition assistance endowment unless otherwise specified by the donor. Legacy gifts include any donations made posthumously to Notre Dame. Anyone can make a legacy gift through a provision in their will or estate plans.
The general endowment ensures a base of investments that remain intact while offering a long-term, stable and predictable source of revenue to support the greatest need as determined by Notre Dame San Jose, including but not limited to operations, tuition assistance, programs or other projects.
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