Endowed Funds
As opposed to annual gifts, which cover yearly operating expenses, endowed funds provide long-term income to assist with all of Deerfield’s needs. Because only the income from the principal – not the principal itself – is spent, endowed funds provide money for Deerfield in perpetuity. Endowed funds can be established for a specified purpose, or as unrestricted funds to meet the greatest needs of the school. For more on stewardship and establishing an endowed fund, see