Among all the investments that are made at Lovett, none have a more lasting impact than the resources we add to Lovett’s endowment.
A strong endowment is the “story behind the story” at the most successful schools, universities, and cultural institutions across the country. The institutions that set the standards of quality, push the frontiers of innovation, and sustain greatness over generations are, almost without exception, those with the strongest endowments.
At Lovett, we’ve built an extraordinary school through the talent and commitment of visionary leaders, gifted educators, and dedicated families since 1926. Thus far, our endowment has played only a modest role in our success. While schools everywhere recognize a “best practice” of drawing 10 percent of their annual budgets from endowed funds, our endowment provides only half that proportion every year. Several of our peer schools in Atlanta benefit from greater (in one case, nearly four times greater) per-student funding from endowments than we do.
While other schools stand on stronger endowments, we’ve built an excellent school by making exceptionally careful use of our resources, identifying and developing outstanding talent in our faculty and staff, and inspiring the generous support of our families and alumni year after year. Imagine what we could do if, in addition to those defining strengths, we also had a truly strong endowment.
A stronger endowment will enable Lovett to:
- Invest in innovative program ideas, take risks and continue pursuing new ways to enhance an already-great educational experience for students.
- Attract, develop, and retain the strongest faculty in an increasingly competitive environment.
- Keep Lovett accessible by controlling tuition growth and funding greater financial aid for families, including the families of our faculty and staff.
- Maintain and enhance our campus without relying as heavily on tuition or campaigns.
- Sustain a financially strong school through fluctuations in the economy and environment.
- And, most importantly, ensure that Lovett can survive and thrive for future generations of students.