Endowments produce interest income. Each year, we withdraw 4% of the rolling three-year average of our endowed scholarship fund leaving the principal to produce income for future years.
Our goal at St. Anselm’s is to increase the endowment to a level where the annual interest will satisfy our financial aid requirement and enable us to guarantee that St. Anselm’s remains accessible to students regardless of their family’s economic situation. Endowments can be funded through direct financial gifts or planned bequests.