An endowment is similar to an institution’s savings account. Money is invested, and it generates income that is used when the principal and remaining income is invested for the school’s long-term financial strength and stability. Every dollar McDonogh earns from its endowment puts less pressure on tuition.
McDonogh’s history of extraordinary generosity from alumni, parents and friends is evident by the evolution of the school’s endowed funds program.
Support for endowment demonstrates a commitment to ensuring the future of McDonogh. As a result of the school’s last campaign, thirty-three new endowed funds have been established, adding millions of dollars for scholarships, faculty salaries and professional development, student life, and specific academic, athletic and co-curricular programs.