WATERFORD SCHOOL ENDOWMENT

Waterford School is deeply grateful to parents, alumni, alumni parents, grandparents and friends who support our endowment. Donors to the endowment leave a lasting legacy at Waterford, ensuring our financial strength, expanding our curricular and extracurricular offerings, and continuing to attract and retain exceptional faculty and students.


WHAT IS AN ENDOWMENT FUND?

Waterford’s endowment is a savings account for the school, which is invested according to policies adopted by the Board of Trustees and the Investment Committee. A portion of the earnings from the endowment is then spent each year to help cover the school’s annual expenses, either for the general operating budget or for specific programs designated by the donor.

WHY IS IT IMPORTANT?

Endowment growth is a strategic priority for Waterford. Giving to the endowment provides a unique opportunity to you as a donor to make a dramatic impact on a part of the Waterford experience that you care about the most. 

The endowment can provide a steady source of income to Waterford, making it possible for the school to be less reliant on tuition and annual fundraising programs to balance the budget each year. In effect, a larger endowment enhances Waterford’s ability to fulfill its mission now, and for many years to come.

HOW DOES WATERFORD’S ENDOWMENT COMPARE?

In recognizing the comparative size of our endowment, Waterford has a unique opportunity for growth and transformation.

CAN I GIVE TO WATERFORD’S ENDOWMENT?

Gifts and multi-year pledges to the Waterford endowment in the form of cash or appreciated securities have the most immediate impact. However, gifts to the endowment can also occur over a longer term through bequests in estates, gifts of real estate, and structured planned giving instruments.

Endowment gifts to Waterford may be designated in the following ways:

  • Unrestricted gifts (of any dollar size) can be made to the general endowment which ensures our ability to sustain the financial strength of Waterford
  • Restricted gifts (of any dollar size) can be made to the Endowed Scholarship Fund or the Endowed Professional Development Fund
  • Gifts can be used to establish a new unrestricted or restricted endowed fund. If restricted, the terms specifying how the income shall be used will be established by the donor. Minimum gift levels are required to establish a named fund.
  • Gifts can be made to any one of our existing named funds (see below) should there be one that reflects your philanthropic priorities and interests.

To learn more about establishing a fund within Waterford’s endowment, please contact the Office of Development at development@waterfordschool.org.

RESTRICTED NAMED ENDOWMENT FUNDS

The Carol and David Powell Family Scholarship

Established in 2023 by Carol and David Powell, this scholarship supports students who demonstrate alignment with Waterford’s values and are in good academic standing. Students must demonstrate financial need.

The Class of 2015 Endowed Scholarship Fund

Established in 2014 through generous gifts from parents and students in the Class of 2015, this fund supports financial assistance for students in good academic standing with demonstrated financial need.

The Elizabeth And Nathan Wright Family Scholarship

Established in 2023 by Elizabeth and Nathan Wright, this scholarship supports students from historically underrepresented groups – Hispanic/Latino, Native American/American Indian or Alaska Native, Pacific Islander, or Black/African American, who demonstrate financial need, who may be the first in their family to attend a 4-year college or university, and who demonstrate a background of outstanding academic performance.

The Heuston Family Endowed Scholarship Fund

Established in 2022, this scholarship supports students entering Middle School or Upper School who demonstrate the highest qualifications for acceptance to Waterford and whose parents are unable to meet Waterford’s financial requirements. Entry qualifications include a fine academic record, excitement about learning, and potential for growth in the academic and arts environment that distinguishes Waterford.

The James Baldwin Scholarship Fund

Established in 2021, income from the fund supports a student with full financial need and identifies as a person of color and who currently lives within Utah, preferably within our local community. 

The Mika Family Athletics Endowment Fund

​Established in 2018 by ​Sue and Ron Mika, Jaklyn ’06, Kirsten ’08, Alek ’10, Eric ’13​, Jacob ’15 ​and  ​Kyle ’18, this fund supports Waterford’s Upper School Athletic program.

The Nancy and Dustin Heuston Endowed Faculty Chair

Established in 2015, the Board of Trustees established the Heuston Endowed Chair as a way to honor the profound legacy of Nancy and Dusty Heuston. For the selected faculty memberthis fund supports their professional growth and overall contributions to Waterford.

The Parker Family Faculty Professional Development Endowment Fund

Established in 2021 by Anne and Kevin Parker, this fund supports professional development for Waterford’s faculty and staff, as they pursue our mission of providing students with a world-class liberal arts education that stimulates intellect, ignites passion, and shapes character.

The Waterford Staff Scholarship

Established in 2022, this scholarship supports students whose parents are full time members of the Waterford School staff (excluding teaching faculty and/or administration). Preference is given to students who will be first-generation college students and/or who identify as a person of color.

Unrestricted Named Endowment Funds

Annual revenue from these unrestricted endowment funds provides additional resources for Waterford to meet current operating budget priorities.

The Jeanne Sorenson Siegel Fund

Established in 2011 by Jeanne Sorenson Siegel.

The Judy and Lorin Pugh Fund

Established in 2004 by Judy and Lorin Pugh.

The Mika Family Fund

Established in 2012 by Sue and Ron Mika.

The Taylor Family Endowment

Established in 2019 by Hillary and JB Taylor.