Capital & Endowment Giving
Capital & Endowment Giving
In 1874 the five Loomis family siblings decided that they would bequeath their collective estate in order to found a school as a gift to the children of others. That original endowment gift began a long history of philanthropic support that continues today.
While the Annual Fund supports the unrestricted operating budget, gifts to capital projects improve the physical campus and gifts to the endowment provide a critical, steady stream of annual income that perpetually supports both unrestricted and specific areas of the budget, including financial aid and faculty support.
Capital
Most of the facilities on campus have been funded through individual philanthropic gifts. Recent examples of such generosity are the Nichols Center for Theater and Dance ($13 million) and the Scanlan Campus Center ($30 million). The school recently completed a facilities master plan with the assistance of Robert A.M. Stern Architects; future improvements to the campus are always in the works.
Nichols Center for Theater and Dance
Endowment
The original endowment gift from the Founders enabled the school to remain tuition free until the early 1960s. Today our endowment, thanks to the support of many generous donors, provides about 17 percent of the operating income for our budget. It is vital that we continue to increase our endowment to remain a thriving educational institution, fulfill our mission, and grow even stronger. Donor support of the endowment impacts our ability to offer generous financial aid, ensure a talented and energized faculty, and create a substantial and secure foundation for future endeavors.
Scanlan Financial Aid Initiative
To bolster Loomis Chaffee’s financial aid resources and create life-changing opportunities for students with financial need, Trustee Mary Bucksbaum Scanlan ’87 has generously created the Scanlan Financial Aid Initiative, an extraordinary opportunity for Loomis Chaffee.
For more information about how you can support the capital and endowment initiatives of the school, please call or email Tim Struthers ’85 at 860.687.6221 or tim_struthers@loomis.org.