Like any responsible family or institution, Caedmon must invest in its future by saving. An endowment is simply a dedicated savings account, the principal of which is unusable, but which generates interest income to support its defined purpose. A strong endowment provides financial resources to aid in unforeseen expenses and enable a school to capitalize on educational improvement
Caedmon's endowment was established in memory of Mary Ann Winograd. Mrs. Winograd's son David entered Caedmon's Early Program in 1989. Three years later Mary Ann became Director of Admissions and remained totally devoted to Caedmon, both as a parent and an employee, until 2005. To honor Mary Ann, Caedmon named the first endowment in its history, The Mary Ann Winograd Endowment for Faculty Salaries. It is a most suitable acknowledgement of Mary Ann's particular interest in our extraordinary faculty and her never-ending commitment to doing everything in her power to support them.
Caedmon’s endowment is currently $3.4 million. Continued growth is essential in establishing a permanent endowment dedicated to supporting faculty salaries. Earnings from this endowed fund will assure that our skilled and creative teachers are competitively compensated in the years ahead, so that they will always be able to share those gifts at Caedmon.
The Caedmon Endowment Campaign continues to seek donations that will increase the principle balance of the endowed fund, thereby generating evermore investment income.