Endowment & Capital Giving
As Maret embarks upon our next strategic plan, we have a clear vision of the exciting opportunities and critical priorities before us.
Maret’s Strategic Initiatives
Since our 2011 Centennial, Maret has undergone many transformational changes. We are proud of our accomplishments toward greater financial sustainability, competitive faculty salaries and benefits, innovative and dynamic programing, work around issues of equity and inclusion, and the most recent enhancements and additions to our facilities.
The excellence Maret enjoys depends upon intentional progress in a rapidly changing educational landscape. Never resting on our laurels, we have ambitious plans to cultivate and enrich the programs and characteristics that define our school.
As Maret moves through the final phase of our current strategic plan and into our next plan, we have a clear vision of the priorities before us, with fundraising priorities that focus on the strategic goals of Endowment, Financial Aid, Faculty, Equity & Inclusion, Program Innovation, and Facilities.
Maret has made significant strides in building our endowment, which has grown from $12.7 million in 2011 to over $30 MILLION TODAY. Currently, endowment and special funding account for over 4% of Maret’s operating budget. Our endowment growth has made an immediate impact on the quality of education and teachers at Maret. As we move toward our next strategic plan, we seek to increase Maret’s endowment funding in four distinct areas: Program Innovation, Financial Aid, Faculty, and Equity and Inclusion. Endowment gifts may be restricted to a currently endowed fund or used to establish a new fund. Donors can make an outright gift, pledge a gift over multiple years, or make a bequest to support endowment.
Endowment provides permanent resources for today, which enable our school to look toward tomorrow with a sense of wellbeing. With endowment, the principal of the fund is preserved and income generated through careful investment can be directed to the School’s budget each year. The Board of Trustees is responsible for overseeing the investment and spending policies of the endowment.
Whether it’s a new way to nurture creativity, upgrade technology in the classroom, or increase opportunities for faculty training and development, endowment income will provide the means to keep Maret at the forefront when it comes to dynamic, innovative education.
Professional development and programs for our faculty are a priority at Maret to make certain that our teachers are given the time and space to grow and continue to bring a thoughtful, dynamic and innovative approach to teaching. Our faculty are engaged, life-long learners, committed to integrating the best educational research and practices to ensure Maret students obtain essential skills for success in the 21st century.
At every grade level, our students receive a broad and deep educational experience that allows them to cultivate individual strengths and interests. With interconnected initiatives and efforts woven into the fabric of our school, the Maret community’s commitment to equity and inclusion runs deep. Our work is targeted at ensuring a sense of belonging and success for all students regardless of background, experience, or skill set. As outlined by the 2014-15 Equity Task Force and implemented by the School’s Committee on Equity and Inclusion, there are several areas of focus that reflect our comprehensive commitment. These initiatives further the capacity of students, faculty, and families to work across differences, breakdown stereotypes, and build community that is truly equitable and inclusive. Charting our course forward requires expanded funding, and endowing these efforts will ensure Maret’s ongoing progress and support of our community.
Currently Endowed Funds
- Ava and Neal Gross Fund
- Case Institute for Curricular Innovation & Excellence Fund
- Institute Endowment for Upper School Projects
- Davies Program Fund (formerly the Special Aid Fund)
- General Endowment
- Kimberley Kara Kline Scholarship Fund
- Lainoff Enrichment Fund
- The Davies Program
- Edward E. Ford Foundation Fund
- Environmental Education Fund
- Exceptional Service Award
- Faculty Fund
- Lawrence Athletic Fund
- Library & Center for Inquiry Endowment Fund
- Malone Family Foundation Endowment for Gifted Students
- Maret Diversity Initiatives Fund
- Maret Emergency Fund
- Maret Memorial Fund
- Fishman Fellowship Fund: Maret Fellows
- Mark Berkowitz Fund
- Marques A. Williams Fund
- Peter A. Sturtevant Colloquium Fund
- Program Innovation Fund
- Reader's Digest Endowed Scholarship
- Service Learning Endowment Fund
- Thomas Prize for New Teachers
- William Randolph Hearst Fund
The Institute was established in 2008. In 2011, it was renamed the Case Institute for Curricular Innovation & Excellence upon full endowment funding through a matching gift challenge grant from Steve and Jean Case, during the Second Century Campaign. This Fund supports our unique summer professional enrichment program that allows faculty to work together focusing on curriculum development. The 2011 summer Institute included 45 teachers working on nine projects for the Lower, Middle, and Upper Schools.
The Special Aid Fund was created in 2008 to provide non-tuition assistance to Maret students on Financial Aid. In 2011, the Fund was increased and renamed the Davies Program Fund to help create and support Financial Aid Endowment Gifts to this endowed fund are used to support the School’s overall financial aid budget which supports 24% of Maret’s students.
This special fund was established to provide more interactive and special enrichment opportunities for students in the Lower and Middle Schools at Maret. These unique learning experiences are particularly effective in fostering a love of learning and inspiring students to explore new topics of study—whether it is in the performing or visual arts, academic curriculum, or other fields.
Established with a grant from the Malone Family Foundation in 2003, this financial aid endowed fund supports gifted students in grades seven through twelve through our Malone Scholars program. Malone Scholarships are need-based, and students must meet high academic eligibility standards. This is Maret’s second largest endowment fund and supported five students in 2010-11.
This fund was established in 2010 to support program innovation. Whether it is a new way to nurture creativity, upgrade technology in the classroom, or increase opportunities for faculty training and development, gifts to this fund will provide the means to keep Maret at the forefront when it comes to dynamic, innovative education.
Establishing a Named Fund
Interested donors will work with the School to create a fund or select a facilities naming opportunity.
Designated named endowment funds should provide adequate income to support the restricted purpose. Named gift opportunities begin at the $100,000 level. The Fund or space will not be officially named until the full gift is received.
For more information, please contact Director of Development Sally Dunkelberger at 202-939-8811 or firstname.lastname@example.org
Maret Campus Plan
Over the past four years, Maret has undergone a multi-phased, $10 MILLION BUILDING PROGRAM to improve our historic campus and retain the School’s student-centered educational experience. The completed improvements have enhanced our campus with attractive, efficient, state of the arts facilities for students, faculty, and the community.
Securing capital gifts to enhance our facilities continues to be a priority. Capital giving will limit our exposure to additional debt, assuring our financial sustainability.
While advancing our Mission priorities, Maret also has emerged as a model for financial sustainability. Striving to break the traditional cycle of annual tuition increases that exceed the rate of inflation – and to promote greater socioeconomic diversity -- the School has steadily reduced tuition growth, resulting in levels well below that of our peer schools.
This progress depends upon increasing our non-tuition revenue through a growing Annual Fund and Scholarship Auction and by securing major gifts for capital, endowment, and special funding.