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 is currently $2.7 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.