and secure the future financial stability of Shorecrest.
Fund is an endowment that was established to provide funding for
non-tuition based expenses to students receiving financial aid in the Upper
Division at Shorecrest. In creating this endowment, the Mosby Family
wanted to ensure that students with financial aid could fully participate in
the life of Shorecrest during their high school years.
to $400 for textbooks for a full need Upper Division student and additional
funds for financial aid Upper Division students to participate in activities at
school, including attendance at Homecoming and Valentine's Day dances,
Prom and other social events as well as participate in overnight trips with
clubs and teams or other similar activities.
unrestricted endowment funds. These are then referred to as Board
Designated Endowment Funds. The funds in this category currently
include four funds that were established as part of the Leading Today,
Building Tomorrow Campaign. Shorecrest encourages additional
contributions to strengthen these endowment funds
available to maintain buildings. This endowment supports the care and
maintenance of facilities, upgrading of technology, increased utilities, and
additional personnel to staff new buildings.
so we may continue to hire and retain outstanding faculty.
need-based financial aid endowment. This financial aid helps attract a capable and diverse student body and fulfills a
commitment to strengthen our community.
Earnings from unrestricted endowment gifts will be used to support the most important needs of Shorecrest. This income will
allow the school to mitigate tuition increases, upgrade technology, purchase new classroom supplies, maintain and improve the
physical plant and enhance the overall Shorecrest educational environment.
Funds until the principal and earnings of the combined four funds reaches $5 million. Any future withdrawals from the Board Designated Endowment Funds
will be within the guidelines of maintaining a $5 million balance of the combined funds. At the annual discretion of the Board of Trustees, Shorecrest makes it
a practice to transfer 15% of the funds raised through the Annual Giving Campaign to the Board Designated Endowment Funds.
named endowment is $50,000. Endowment
gifts can be paid over a period of several years
and may be earmarked for specific purposes
that have meaning to you. Endowment can
support scholarhips, programs, the arts,
technology, or other areas of interest.
Larissa Daigle, Director of Leadership
Giving at 727-346-1800.
successful education institutions. Income
from endowment secures programs,
supplements faculty compensation and
enhances the educational experience above
what tuition dollars cover. The principal is
invested and a percentage of the earnings
fund current school programs. An
endowment gift is made in perpetuity to
the school and future generations.