An endowment gift to Phillips Academy today provides a brighter, more secure future for Andover. When you make a donation to an endowed fund (or create one), you give a gift with both immediate and long-term benefits.
Endowment donations are invested, and a portion of the annual income is used to support priorities across campus. The remaining funds are reinvested to grow and ensure indefinite support.
An Example of How It Works
Marc, an Andover alumnus, and his wife Kate have two goals:
First, they want to make sure Andover continues to receive support after they are gone. Second, they want to create a lasting legacy in honor of Marc's parents, who also attended the Academy.
Marc and Kate make a $100,000 donation to Andover, which we invest, and each year, a portion of the income from the invested money will be used to support the Addison Gallery, in honor of Marc's parents who loved to visit throughout their lives. Plus, Marc and Kate qualify for a federal income tax charitable deduction on their taxes.
Start Paying It Forward
View and download your copy of Endowments: A Never-Ending Legacy.