The St. Andrew’s College Foundation considers three assets on which we wish to build:
(All asset values are as of October 2019)
(1) Endowment Fund: $35-million market value
The SAC Endowment Fund is an investment fund that is governed by SAC Foundation Trustees and invested by an independent portfolio manager. The Endowment disburses approximately four per cent of its market value each year to the School in support of scholarships, bursaries, prizes, and programmatic funds while continuing to grow in overall value due to earned investment income and donations.
(2) Life Insurance Policies: $27.8-million value of all policies
The SAC Foundation owns and is the sole beneficiary of numerous life insurance policies thanks to Old Boys and past parents of St. Andrew’s. This unique program has made the gift of life insurance attainable for our donors, the details of which can be found on the side panel of this page.
(3) Bequests & Planned Gifts: $4.1 million in known future bequests
A bequest is an estate gift made through a donor’s will that offers substantial benefits to both donor and beneficiary. These gifts are made with generosity and forethought while creating a significant legacy at St. Andrew’s.
Combined, these three assets carry $66.9 million in current and future value.