What is an Endowment and why should Saltus have one?
An endowment provides long-term financial stability for Saltus by generating ongoing income from invested funds. This steady revenue stream supports essential programmes, student financial assistance, and innovation without relying solely on tuition or annual fundraising. Saltus has a general, unrestricted endowment fund, offering flexibility to meet the school’s most pressing needs as they arise, ensuring continued excellence and future growth.
Think of an endowment as a strong, deeply-rooted tree. The principal, or initial funds, are the roots planted deep in the soil, never touched, providing a stable foundation. The tree's branches and leaves represent the growth from wise investments, spreading outward and bearing fruit over time. Each year, the fruit (or income) is harvested without harming the tree, ensuring that the tree continues to grow and thrive for generations. Just as a tree provides shade, shelter, and nourishment, an endowment supports the school’s mission, benefiting students and the community year after year.
Why does Saltus have endowed scholarships and awards?
Saltus awards endowed scholarships to mission appropriate and talented students for whom a Saltus education would otherwise not be affordable. These permanently restricted funds generate annual interest, providing long-term financial aid while helping to attract a diverse student body and fostering inclusivity. By maintaining both restricted and unrestricted endowment funds, Saltus ensures it can support students directly and sustain the school’s future growth.