Annual Alumni Scholarship Fund
An endowment is money that is invested by the school. A portion of the return on that investment is then used on a yearly basis is order to support that reason for the endowment. While investment returns vary, schools generally count on using about five percent of an endowment's principal for the intended purpose. This preserves the principal and allows the school to continue to make use of the money in perpetuity.
So we had an idea. If a named endowment of $50,000, generates $2,500, why not give those people who wanted to invest $2,500 in any given year, a leadership annual gift, the opportunity to name something?
This is a wonderful opportunity for individuals, families and groups to support the school in a new and exciting way. While the $2,500 threshold may still be out of reach for individuals, family groups, class groups and even teams can band together to designate a scholar and ensure that deserving students who may not be able to afford a Calverton education will have the opportunity to attend school here.
How it works:
1. An individual or group would make a gift to the school of $2,500 to be designated to financial aid.
2. The school would then designate a student a named scholar. Named scholars would be taken from a pool of students who qualify for financial aid and are carrying a grade point average of 3.0 or above.
3. The donor or donors will be informed of the student selected for the scholarship and will get periodic updates throughout the year of the student's progress.
4. A special event to thank donors and introduce them to their scholars will be held during the school year.
For additional information, contact Janice Bunch at (410)535-0216 x 1130
Dr. Sam Long, Calverton class of '98 and a current Board member, established our first named scholarship.
"I was blessed to apply to The Calverton School for high school. I was raised in a family with a modest income, and without the assistance of a scholarship that was offered to me at the time, I would not have been able to attend. As I walked through the doors on my first day in 9th grade, I did not know what exactly to expect. Public school had always been easy to me. As I sat down in my first class, I listened and learned; and I was truly blown away by the rigorous academics that challenged me that day, and every day thereafter. I was also overwhelmed by the strong sense of community and family of which I had become a part. Since graduation, the years have flown by, but I have always held Calverton near to my heart. I have remained close to friends and faculty, and I have felt a true sense of dedication to making sure the school continues to succeed. Now that I am settled into my career in medicine, I feel compelled to become more intimately involved with the school. I currently sit on the Board of Trustees, and I have pledged my first gift to Calverton to be used for the annual Alumni Scholarship Fund. This fund will be focused on helping others like me to gain access to the best education in Maryland. I challenge you all to contribute to this new campaign, as it will surely positively change the lives of those scholarship recipients, as it has forever changed mine."