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Capital and Endowment Gifts

Gifts to support capital projects and the endowment come in many ways: unrestricted, restricted, or named endowments which support an area of particular interest to a donor and by bequest.

Endowment Funds

Summit’s endowment funds, established in 1959, have grown to more than $16,500,000 and generate $800,000 annually for the operating budget. These funds enable Summit to respond quickly to needs and keep the school innovative.

Summit has the largest per student endowment of NCAIS (North Carolina Association of Independent Schools) schools. The Board’s policy is to spend 5% of a three year rolling average of the value of the endowment for operations.

Gifts to the general endowment fund are always welcome. If you are interested in establishing a permanent, named endowment, or for additional information, please email or call 336-724-5811.

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