Endowments

A strong endowment is the “story behind the story” at the most successful schools and universities across the country. Schools that set the standards of quality and excellence and are able to sustain greatness over generations are, almost without exception, those with the strongest endowments.

While other schools have larger endowments, Prep has built an excellent school by making exceptionally careful use of our resources and through the generous support of the Prep Family, year after year. Just think of what Prep could accomplish if we also had a truly strong endowment.

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A Stronger Endowment Will Enable Prep To:

Invest in innovative program ideas, take risks and continue pursuing new ways to enhance our current educational experience for students.
Attract, develop, and retain the strongest faculty in an increasingly competitive environment.
Provide an accessible education by controlling tuition growth and funding greater flexible tuition opportunities for mission appropriate families in the Jackson area, including the families of our faculty and staff.
Maintain and enhance our campus without relying as heavily on tuition or campaigns.
Sustain a financially strong school through fluctuations in the economy and environment.
Guarantee that Prep will survive and thrive for future generations of students.

List of 3 items.

ENDOWMENT NAMING MINIMUM DONATION REQUIRED
1. Tuition Assistance Endowments $50,000
2. Program Support Endowments $50,000
3. Facilities Operating Endowments $100,000
4. Faculty Development Endowments $250,000
AN EXAMPLE OF A NAMED ENDOWMENT

Longtime supporters, The Smiths, want to create an endowment fund so Prep continues to flourish long after their lifetime. They also want to memorialize their parents, Mr. and Mrs. Jones. The Smiths make a $100,000 donation to Prep, which we invest. Each year, a portion of the income from the invested money will be used to support our mission in honor of the Joneses. The rest of the income is reinvested in the fund, providing support to the School indefinitely. The Smiths get a federal income tax charitable deduction on their taxes because they made a lump-sum gift.
WHAT DO YOU DO NEXT?
1. Contact Crisler Boone at cboone@jacksonprep.net or 601-939-8611 ext. 275 to talk about supporting Jackson Preparatory School through a legacy gift.
2. Seek the advice of your financial or legal advisor.
3. If you include Prep in your plans, please use our legal name, Jackson Preparatory School Foundation, and Federal Tax ID.

Jackson Prep’s Board of Trustees, administrators, faculty, and students recognize, and deeply appreciate, the many ways that our donors contribute to the life of the school through endowed gifts. The gracious support of our friends ensures a bright and promising future for every Prep student.

The information on this page is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Additionally, all gifts are subject to review by the Gift Acceptance Committee before being accepted by the School, and are subject to the School's Gift Policies and Guidelines.

For More Information

Contact: Crisler Boone, Chief External Affairs Officer
601-939-8611 ext. 275
Jackson Preparatory School Foundation, Inc.
3100 Lakeland Drive
Jackson, MS 39232
(601) 932-8106
Fax: (601) 932-5305

An independent, coeducational day school serving preschool through grade twelve.