The St. Andrew’s College Foundation considers three separate assets for which we wish to build on:
(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 4% of its market value each year to the School in support of scholarships, bursaries, prizes, and programmatic funds, while continue 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 in forced on Old Boys and past parents of St. Andrew’s. A unique gifting program has made the gift of life insurance very 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 often 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.