Insuring for the Future
In 2010, in an ambitious extension of its mission, SEF launched the Endowment Fund, a permanent, self-sustaining, multi-million dollar endowment to ensure the fiscal stability and future excellence of Summit's public schools.
Our State's changing economic landscape calls for forward thinking and a way to ensure we have future funding to develop new curriculum initiatives and provide professional development to meet the needs of our 21st center learners. The initial goal of the endowment is to raise a principal amount of $5 million, which could prudently generate $250,000 a year in expendable income to support the Summit Public Schools. With close to $4 million in secured pledges, we look to the years ahead as an opportunity to share our goals, build on momentum, and garner the widespread support of Summit residents.
Through an ongoing dialogue among the Board of Education, the Superintendent, and the community, SEF will seek to identify and support worthy existing programs as well as new programs that will enrich our children's educational experience. Initially, four main areas have received Endowment Fund support:
- Global Education: SEF has already helped advance progress toward achieving this goal by providing start-up funding for our Mandarin Chinese program at the high school and middle school.
- Enhancing the Science Curriculum: SEF funded a science research program at the High School to involve students in authentic research projects that begin as small in-school experiences and build to original research in a local research laboratory working with mentor.
- Bridging the Achievement Gap: Educational initiatives to close the achievement gap center on intensive individualized instruction. These initiatives comprise careful data analysis to isolate what is needed by each student, the teacher training required, and summer, after-school and weekend programs to all students to excel. To this end, SEF has funded the JEEP program at Jefferson and in the fall of 2012 will fund an after-school program that reaches all five elementary schools.
- Professional Development: To meet the ever changing needs of our 21st century learners, our teachers need to continually hone their skills and refine their practice. SEF recognizes the importance of providing opportunities for our educators and through the Endowment Fund has funded Instructional Facilitators who train teachers in the newest and most effective teaching approaches.
To speak to a member of the Endowment Campaign Committee and learn more about how you can become a stakeholder, click here.
To read the press release of the Endowment Fund launch in October, 2010 click here.
To read the most recent year in review letter to Endowment donors, click here.