The growth of the Saint Andrew's School endowment is one of the school's highest priorities. With a larger endowment, Saint Andrew's has greater flexibility and ability to respond to economic cycles and has additional resources to attract and retain the best and brightest students and faculty. Endowment funds support scholarship, academic chairs, professional development, academic programming, facilities, and various other needs that fall within the mission of advancing Saint Andrew's School. All endowed funds are awarded in perpetuity.
Growing endowment is also a practical matter. Because of the size of our student population and our low student-faculty ratio and because of the gap between the costs of this excellent, highly individualized education and families' ability to pay, net tuition revenues account for approximately 86 percent of the cost of a Saint Andrew's education. In order to improve our quality initiative, our endowment income must continue to grow.