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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.
 

Roots & Reach Campaign

Summit is a strong school today because past families planned and gave to support its capital growth.

All members of the Summit School community are responsible for its long-term interests and financial stability, and are asked to make Summit a philanthropic priority to maintain the quality of the school’s facilities and programs. Current Summit students benefit directly from the investments made in our plant and facilities by generations of families before us, as well as the visionary and bold decisions entrusted to the community by the Board of Trustees.

The goal for the Roots & Reach Campaign is to raise $1 million by 2026.

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Endowment Funds

Summit’s endowment funds, established in 1959, have grown to more than $14,100,000 and generate $720,000 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 contact Jeanne Sayers, Director of Development, at 336-724-5811.