Endowment Fund

Securing our Future

What is an Endowment Fund?

CA's Endowment Fund is a savings account for the school, which is invested according to policies adopted by the Board of Trustees and the Endowment Advisory Committee. A portion of the Endowment is then spent each year to help cover the school’s annual expenses, either for the general operating budget or for specific programs designated by the donor. CA's policy states that the school will spend 5% of the trailing twelve-quarter average of the Endowment's market value each year. Any annual earnings beyond the 5% are reinvested to build the corpus.

Why is it important?

The Endowment Fund provides a steady source of income to CA, making it possible for the school to be less reliant on tuition and annual fundraising programs to balance the budget each year. In effect, a larger Endowment Fund enhances CA's ability to fulfill its mission now, and for many years to come.

Giving to CA's Endowment Fund

Endowment growth is an area of strategic importance for CA. As of June 30, 2015, CA’s Endowment Fund stood at $25 million, which seems like an impressive amount, but still ranks below national benchmarks relative to schools of the same size. Giving to the Endowment Fund provides a unique opportunity to you as a donor to make a dramatic impact on a part of the CA experience that you care about the most.

Gifts and pledges to the CA Endowment in the form of cash or appreciated securities have the most immediate impact. However, gifts to the Endowment can also occur over a longer term through bequests in estates, gifts of real estate, and structured planned giving instruments.

Unrestricted and Restricted Endowment Gifts

Unrestricted gifts in support of the CA Endowment place no limitations on the use of the income from the funds. Such income is used to meet the school’s most pressing needs, as determined by the administration and Board of Trustees on an annual basis. Restricted gifts in support of the CA Endowment mandate that the income be used for a specific purpose, such as student financial aid, faculty support, or a particular academic or extracurricular program. All endowed funds of $25,000 or more are eligible to be named in honor of the donor, or someone of special importance to the donor.

Establishing New Named Endowment Funds

  • A minimum of $250,000 is required to establish a named, endowed Chair of Distinguished Teaching fund that confers special recognition on outstanding Colorado Academy teachers.
  • A minimum of $100,000 is required to establish a named, endowed scholarship to provide an annual subsidy for future financial aid students to attend, and benefit from, CA.
  • A minimum gift of $50,000 is required to establish a named fund for other restricted programmatic areas such as faculty salaries, professional development, academics, athletics, fine arts, technology, student or faculty awards, facilities, Horizons at CA or any other area of pressing need for the school.
  • A minimum gift of $25,000 can establish an unrestricted named fund. The income from these funds can be used to address operational needs as determined by the Board of Trustees that change from year to year.
 

Named Endowment Funds

List of 70 items.

  • A. John Musil Scholarship Fund

    Established in 1991 by the estate of A. John Musil to provide scholarship assistance to students with financial need
  • AEXCO/Allen Family Advancement of Science Fund

    Established by the Drew and Lora Allen family and AEXCO Petroleum, Inc. in 2005 to support the advancement of the science curriculum and overall program
  • Alumni Children’s Scholarship Fund

    Established in 1989 by the CA Alumni Association Board to support a scholarship for children of alumni
  • Alumni Scholarship Fund

    Established in 1980 by the CA Board of Trustees to support the scholarship program
  • Angel Vigil Financial Aid Endowment Fund

    Established in 2015 with net proceeds of the Run for the Roses Auction, in honor of retiring Fine and Performing Arts Director Angel Vigil's longtime service to CA, this financial aid fund will support a deserving CA student.
  • Anne Marie Basch Memorial Fund

    Established in 1984 by the Colorado Academy Board of Trustees to support the annual award for the Sensitivity of Arts Expression
  • Athletic Center Maintenance Fund

    Established in 1983 by the CA Board of Trustees to support the general maintenance of the Athletic Center
  • Barker Family Scholarship Fund

    Established in 2002 by the Robert & Cynthia Barker family to support financial aid for a Middle or Upper School student that adds to the diversity of the school, whether it be diversity of race, ethnic origin, handicap, etc.
  • Boettcher Foundation Fund for Financial Aid

    Established in 2006 by the Boettcher Foundation to support financial aid that will increase the racial and socioeconomic diversity within the student body
  • Bonfils-Stanton Foundation Scholarship Endowment Fund

    Established in 2004 by the Bonfils-Stanton Foundation to support a full scholarship based on financial need and ethnic and cultural diversity
  • Build the Future Now Endowment Fund

    Established in 2012 to support and maintain the operation of the Upper School Building
  • Burstein Endowment Fund

    Established in 1992 by the Joann & Phil Burstein family to honor an outstanding Upper School new student who is an example of the multi-faceted high achieving young leader who will both gain from the school and return his/her capabilities
  • CA2000 Endowment Fund

    Established in 1999 by donors to the CA2000 Campaign to support general purposes of the operating budget
  • Cannon Family Endowment Fund

    Established in 2001 by Charla Gates Cannon to support the general operating budget
  • Carl C. Kumpe & David C. Kumpe Instrumental Music Endowed Fund

    Established in 1993 by David & Rosemarie Wipfelder Kumpe in honor of their sons Carl, CA Class of ’90, and David, CA Class of ’93, to support an annual award for excellence in instrumental music
  • Carolyn D. Smith Endowed Scholarship

    Established in 1996 by the CA Parent Association and John Berry in honor of Carolyn D. Smith to support a scholarship for a needy Middle School student that would be continued until graduation
  • Child Care Programs Endowment Fund

    Established in 2000 to support the various child care programs at CA
  • Chris Babbs Endowment Fund for Excellence

    Established in 2008 by the CA community in honor of Chris Babbs, CA Head of School from 1991 to 2008, to support programs critical to ensuring CA’s excellence
  • Chris McLaughlin ’86 Memorial Performing Arts Award Endowment

    Established in 2011 by Mike and Carrie McLaughlin to provide a merit award to an upper school student to help fund a summer experience in the performing arts.
  • Class of 1982 Interim Program Scholarship

    Established in 1982 by the CA Class of 1982 to provide an annual scholarship for a student to participate in the Interim Program
  • Considine Family Foundation Fund

    Established in 2006 by the Considine Family Foundation to fund increased compensation for Upper School Master Teachers, and research, professional development and sabbatical programs for Upper School faculty
  • Coy Cunningham Memorial Endowment

    Established in 2011 by the Cunningham Family to provide financial aid assistance to a deserving Upper School student of color who is new to CA and shows great leadership potential.
  • Eastman Memorial Fund

    Established in 1980 by the CA Board of Trustees to support general purposes of the operating budget
  • Eleanore Mullen Weckbaugh Endowed Scholarship

    Established in 1997 by the Eleanore Mullen Weckbaugh Foundation to financially support a student currently enrolled in the Upper School
  • Elizabeth Shannon Family Endowment

    Established in 2006 in memory of Lisa Shannon ‘85 and in honor of Zachary Shannon ‘88 to fund a scholarship for a student in need
  • F. Charles Froelicher CA Donor Advised Fund

    Established in 2014 through an estate gift by former Headmaster Chuck Froelicher and directed by a five member advisory board who are encouraged to think “creatively”, this endowment fund distributes dollars to programs that reflect Chuck’s life-long interests and are described as “outside the box”
  • Faculty Enrichment General Fund

    Established to support the general faculty enrichment fund within the operating budget
  • Fine and Performing Arts Endowment Fund

    Established in 2000 by the proceeds of Ain’t Misbehavin’ Production Review brought to CA by Mr. David Shaw to support the operating budget of the Fine and Performing Arts Department
  • Firman Endowment Fund for Faculty Salaries

    Established in 2005 by the Firman Fund to support increases to faculty salaries
  • Frances Newton Memorial Scholarship Fund

    Established in 1984 by Harmon “Bud” Davis ’64 in memory of Frances Newton to support the scholarship program of operating budget
  • Frances Newton Outstanding Faculty Awards Fund

    Established in 2003 by an anonymous donor to fund annual stipends awarded to outstanding faculty in recognition of outstanding service to the school
  • Frank Wallace Fund

    Established in 1990 by the CA community to honor Frank Wallace, Headmaster from 1976 to 1990, and combined with the Shamos Family Endowment Fund in 2007, this endowment fund supports stipends and professional development opportunities for Master Teachers
  • Fund for Academic Excellence

    Established in 2003 during the New Century Campaign to promote excellence in academics across all divisions
  • Gates Family Foundation Fund

    Established in 1976 by the Gates Family Foundation to support general purposes of the operating budget
  • Horizons Board of Trustees Endowment Fund

    Established by the Horizons Board of Trustees for the general operating support of the Horizons Program
  • Horizons College Scholarship Fund

    Established in 2006 by the Conrad Family Foundation to fund college tuition for CA Horizon’s program graduates who wish to attend college
  • Horizons Program Endowment Fund

    Established in 2003 by Michael & Theresa Leede, Steven & Karen Niparko, and James Wood & Felicity Hannay to support the operating budget of the Horizons Program
  • J.K. Mullen Endowed Scholarship Fund

    Established in 1998 by the J.K. Mullen Foundation to support a financial aid award for an Upper School student who is an overall leader and active in all aspects of the school, including athletics - the student should demonstrate financial aid, maintain at least a 3.0 GPA, and be a solid citizen
  • Jennifer Wu Memorial Fellowship Fund

    Established in 1993 by the Wu family in memory of Jennifer Wu, CA Class of 1992, to provide financial support to a junior student(s) to pursue a special summer project or activity.
  • John Nelson Memorial Fund

    Established in 1980 by the Nelson family in memory of John Nelson, CA Class of ’79, to help qualified middle school students grow personally and educationally so they can reach their full potential
  • Joseph Boice Esser Endowed Scholarship

    Established in 2003 by the Marion Esser Kaufmann Foundation to support financial aid for an Upper School student(s) who demonstrates financial need with preference given to a varsity tennis player
  • Kathryn M. Howard Endowment Fund

    Established in 2001 by the estate of Kathryn Howard to provide support for students with financial need
  • Ken Palmer Memorial Fund

    Established in 1984 by the CA Board of Trustees in memory of Ken Palmer to support general purposes of the operating budget
  • Liedtke Family Endowment

    Established in 2016 by Leslie Erb Liedtke, this endowment seeks to ensure further sustainability on the campus grounds or buildings.
  • Lower School Faculty Enrichment Fund

    Established in 2006 by an anonymous donor to fund increased compensation for Lower School Master Teachers, and research, professional development and sabbatical programs for Lower School faculty
  • Malone Family Foundation Endowed Scholarship

    Established in 2006 by the Malone Family Foundation to support scholarships for gifted 7-12 grade students with financial need, who are in the top five percent of his/her class and display the keen desire and motivation to learn
  • Mamie Toll Memorial Fund

    Established in 1986 by Dr. & Mrs. Conrad Riley in memory of Mamie Toll to support lectures, workshops, in-school programs and those needs of particular children which fall outside the school’s set program and outside of a family’s financial means
  • Maud T. Kernan Financial Aid Endowment

    Established in 2014 by Maud Kernan Lonergan, '90, in honor of her grandmother and namesake Maud T. Kernan, to encourage female students of color to attend Colorado Academy and participate in the full life of the school. This grant will be awarded to a female student of color in the Upper School who is a contributing member to all co-curricular requirements, including athletics and the arts, and maintains a 2.5 grade point average. Multiple students may be given the award if the school determines that endowment earnings are sufficient.
  • McHugh Family Faculty Enrichment Fund

    Established in 1979 by Jerry & Anabel McHugh to support the general faculty enrichment fund within the operating budget
  • Neustadt Humanities Endowment

    Established in 2016 by Kathey Neustadt, the Neustadt Humanities Endowment seeks to support global literature teaching and inspire students with the writings of authors from around the world. 
  • New Century Endowment Fund

    Established in 2003 by donors to the New Century Campaign to support general purposes of the operating budget
  • Nicole Luskey Endowed Scholarship

    Established in 2006 by Randy & Nicole Luskey to provide aid to a CA student with full tuition financial need
  • Polk/Froelicher Endowment Fund

    Established in 1997 by Louis “Bo” Polk, Jr. and F. Charles Froelicher to support the financial aid program
  • Quarter Century Fund

    Established in 1989 by the CA Class of 1964 in honor of their 25th reunion to support general purposes of the operating budget
  • Ramona B. Curtis Endowment for the Humanities

    Established in 1998 by the Colorado Military School Alumni to support arts programs and bring outside artists, musicians and other cultural activities to the school for the enjoyment of the entire student body; and to support professional development opportunities for faculty
  • Reader’s Digest Scholarship Fund

    Established in 1980 by the Reader’s Digest Foundation to support the scholarship program of operating budget
  • Robert Flanigan Memorial Scholarship Fund

    Established in 1980 to support the scholarship program of the operating fund
  • Ruth and Ernest Benson Professional Development Fund

    Established in 1995 by Bob & Cynthia Benson in honor of his parents Ruth & Ernestto promote study opportunities and enrichment activities for CA faculty
  • Sean Smith Endowment Fund

    Established in 2010 by the Smith family and the CA community to support the salaries of Horizons interns each summer with priority given to a Horizons graduate when possible
  • Senior Legacy Funds

    Established in 2001 by the Class of 2001 upon their graduation from CA, and supported in subsequent years by the Classes of 2002 and 2003, the fund supports general purposes of the operating budget
  • Shamos Financial Aid Endowment

  • Stamper Family Endowed Scholarship

    Established in 2003 by the Stamper Family in memory of Jeffrey Stamper, CA Class of 1992, to provide financial aid to a Middle or Upper School male student who excels in math
  • Stuie’s Tennis Courts Fund

    Established in 2006 by Marshall & Jenifer Gile and other partners of CA tennis to support the general maintenance of Stuie’s Tennis Courts and other program costs of the tennis program
  • The Connie Adcock Award for Inspirational Teaching

    Established in 2011 by an anonymous family in honor of Connie Adcock, upon her retirement from CA, to fund an annual award for a teacher to be used to purchase an item for the teacher’s classroom or development that will further enhance his/her educational qualities
  • Thomas A. Fitzgerald Endowment Fund

    Established in 2000 by the CA community’s generosity upon the retirement of Lower School Principal Tom Fitzgerald to support the general faculty enrichment fund within the operating budget
  • Thomas L. & Kathryn M. Howard Memorial Endowment Fund

    Established in 1980 by a $300,000 challenge grant from The Denver Foundation to build the CA endowment from $100,000 to $1 million to support general purposes of the operating budget
  • Welborn Family Memorial Fund

    Established with memorial gifts as the John B. Welborn Memorial Fund in 1989 and renamed the Welborn Family Memorial Fund by the family when additional memorial gifts were received upon the passing of Robert Welborn in 2011, the fund supports the maintenance of the original Welborn estate
  • Yoeman Fisher Fund for Faculty Excellence

    Established in 1990 by the proceeds from CA’s auction to provide annual award(s) to faculty selected for teaching excellence
  • Youth Philanthropy Program Endowment Fund

    The Youth Philanthropy Program Endowment Fund was established in 2011 with the intention of teaching CA students about the importance of helping others in need in the greater community. Each year, a student board will conduct research and then solicit proposals from nonprofit organizations with the goal of awarding grants totaling $10,000.
  • Zach Hills Endowed Scholarship

    Established in 2001 by the Hills family and the CA community in memory of Zach Hills, CA Class of 2001, who died in a motorcycle accident a few weeks before his graduation, the fund supports financial aid for an upper school student who eagerly participates in all aspects of CA life with preference given to a student of color who demonstrates financial need

How to Give

If you are interested in establishing a named endowment fund, or giving to an already existing endowment fund at CA, please contact Bob Schmitz, Director of Development, 303-914-2507.
Colorado Academy
3800 South Pierce Street
Denver, Colorado 80235
303-986-1501
info@coloradoacademy.org
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