Submitted by NOVA School
NOVA School is proud to announce the formation of its new permanent Endowment and funding of the school’s first Named Endowed Fund. NOVA School joins a very small percentage of like-sized schools nationally with a permanent endowment program.
Commonly associated with colleges and well-established preparatory schools, and viewed as an indicator of financial health and long-term strategic planning, an endowment’s purpose is to fund programs, financial aid and other needs to further the school’s mission through distributions from investment growth. Joining the school’s existing fundraising programs, the NOVA Annual Fund and INNOVATORS’ Ball yearly event, the NOVA School Endowment will be especially important to philanthropists desiring multi-generational impact through major donations and willed gifts.
Like those at other non-profit organizations, the NOVA School Endowment enables larger donors to personalize endowed funds with names and targeted purposes. The NOVA School Endowment has launched with its first Named Endowed Fund, the Rising Star Endowed Fund of nearly $100,000, which will provide financial aid moneys to help ensure accessibility to a NOVA School education and important diversity within the student body.
“This is an important accomplishment for NOVA and another great milestone in the school’s wonderful history,” stated Head of School, Barbara Mitchell Hutton. “It is an example of NOVA’s vision, mission and dedication by its Board and community to ensure its relevancy for generations to come.”
The NOVA School Endowment has been established and will be managed by The Community Foundation of South Puget Sound. The collaboration between NOVA and The Community Foundation reflects the mutual goals of inspiring and engaging those in our region.
“An endowment signals to current and prospective donors that an organization has reached a certain level of maturity and is moving forward for the long term,” said Norma Schuiteman, President & CEO of The Community Foundation of South Puget Sound. “NOVA School has constructed a bridge to its future with this endowment and we are honored to work with them.”
For more information, including how to donate to the NOVA School Endowment or to establish a Named Endowed Fund within the program, please visit www.novaschool.org or contact Sam Barer, Advancement Director, at 360-491-7097 or sbarer@novaschool.org.
Since 1992 NOVA School has been South Puget Sound’s independent middle school for providing highly capable students with a rigorous academic curriculum and supportive community to guide social and emotional growth. From accelerated core classes and a diverse range of enrichment courses including art, foreign language, drama, instrumental and vocal music, robotics and technology, to engaging athletic and extra-curricular activities, NOVA immerses and supports its students in a unique combination of experiences. After their years at NOVA, most students go on to be leaders at their local public high schools, contributing in honors/advanced placement courses and reflecting NOVA School’s mission elements of respect, responsibility and active participation by improving the world through their actions, ideas and dedication.
About the Community Foundation of South Puget Sound:
The Community Foundation of South Puget Sound serves as a catalyst for charitable giving in Thurston, Lewis and Mason counties. Since 1989, community residents have utilized us to make their charitable gifts more effective. We provide maximum flexibility in establishing, managing and distributing your gifts. Through our donors’ generosity, we support a wide variety of arts, education, health and human services, and environmental projects. We are your premier local source for comprehensive charitable gift planning.
