Rocky Mount Academy
Rocky Mount, NC
The Founders Endowment
What is an endowment?
An endowment is a fund intended to generate a stable and growing revenue stream, in perpetuity, to support the mission of an institution. For Rocky Mount Academy, The Founders Endowment will provide a measure of financial stability for future generations of students and families.
Why support an endowment?
The Founders Endowment may be used for scholarships, faculty development, student programs, capital expenditures, general operations, or an other expense approved by the Rocky Mount Academy Board of Trustees. A strong endowment is a key element of the financial picture for many independent schools.
How does it work?
The Board of Trustees has adopted a Statement of Principles establishing the Founders Endowment. No distributions will be made until the Endowment assets exceed $1.5 million. After reaching that mark a designated portion of the Endowment assets may be spent annually, at the Board’s discretion, to support RMA’s mission.
Ways to give?
Gifts of cash and securities are welcome. Cash gifts may also be pledged and paid over several years.