Endowment gifts are held in perpetuity and invested on a long-term
basis in support of the school’s mission. A portion of the endowment
income is transferred annually to the school in support of the year’s
operating budget. As our endowment grows, increased earnings will
provide more income for core budget areas. Every year the endowment
receives gifts of all amounts from donors who wish to help secure
Canterbury’s financial future and, at the same time, endow a favorite
program or honor the name or memory of a loved one. Three areas of
support have been identified as giving priorities.
Financial Aid Endowment
Every year about 20 percent of Canterbury students
qualify for and receive tuition assistance. The school’s commitment to
enrolling an economically diverse student body can only be realized by
making financial aid funds available on a continuing basis.
Through the endowment and other special funding,
stipends have been established for several department chairs in major
academic disciplines. The school is committed through such efforts to
recognize and reward excellence in teaching and to attract and retain
Tuition is directed almost in its entirety to the
day-to-day operation of the school. As far as possible, funds are
raised for capital purchases, building improvements and maintenance. A
building endowment is designed to relieve pressure on tuition and make
a Canterbury education available to more students.