Endowment

An endowment is a permanent fund that supports what matters most to you, whether it is helping students thrive, supporting faculty and curriculum enhancements, or enriching our innovative programs. The principal is held in perpetuity and invested for long-term growth. A percentage of the endowment’s total market value is made available each year to support the purpose as mutually agreed upon by you and the school.

The earnings from endowments provide a permanent source of income that allows Cannon School to fulfill its mission of instilling academic excellence and personal responsibility, inspiring athletic and artistic accomplishment, and promoting a respect for diversity within a challenging and safe educational environment. The general endowment spending allocation is combined with tuition revenue and Cannon Fund gifts to operate the school on a day-to-day basis. Strong endowments enable schools like Cannon to rely on more than tuition revenue.

New endowment funds may be created with gifts of $25,000 or more. Establishing a named fund provides a personally meaningful way for you to support Cannon. You can establish the fund through a multi- year pledge payable within five years or a one-time gift. The Advancement Office will work with you to prepare a written endowment agreement outlining the purpose of the fund and Cannon School’s commitment to administering the fund according to your intentions.

You can choose to support what is most meaningful to you. Some areas of interest might include:

Cannon School works closely with its Board of Trustees to select an outside financial institution to manage its endowed funds. Based on spending limits established by the Board, a portion of the total market value is made available to support the school, and any remaining funds are reinvested to ensure the school’s financial stability for generations to come. For a named endowed fund, according to those same spending guidelines, a portion of the total market value of the fund is made available to support the purpose of the fund as defined by the donor.

Provides Cannon with the financial flexibility to meet future challenges and take advantage of quality enhancing opportunities that fall outside tuition and the operating budget.

The Speedway Children’s Charities Endowment for Diversity funds special scholarships for excellent students who have financial need and supports multicultural programs aimed to increase diversity awareness in the School community.

Established to provide continued operating support for Cannon.

Empowers Cannon to make improvements that are not covered by tuition or the operating budget.

A full-tuition scholarship available to students who demonstrate strong character, academic dedication and financial need.

Established in 2012 to recognize the positive and lifelong impact that school counselors have on young people. The fund provides professional development opportunities to our counselors so they may continue to best serve the needs of our students. It also provides for an annual Maria DeHaas Speaker Series that enriches our school’s conversations on topics of importance to families.

This fund was established by Antoinette and Jean-Louis Alban Sirois, in memory of their son Dr. John G. Sirois, husband to Sheila McParlin and father of Rosemary Sirois ’10, David Sirois ’12, Juliana Sirois ’14, and James Sirois ’16. It provides a monetary award to an outstanding English student at Cannon on Senior Night each year.

Established to ensure that the landscaping on Cannon’s campus will remain beautiful for generations to come.

Established to help all students at Cannon who learn differently by providing necessary resources to those who do not follow a traditional learning path.

The Matthew E. Gossage Endowment enables Cannon School to provide annually a fully-funded tuition award to students who demonstrate a passion for academic inquiry, continuous self-improvement, and servant leadership.

Established in 2019 in memory of faculty member John Riley, the John Riley Endowed Fund will make travel for trips or projects that incorporate science or service more accessible to Cannon students and/or faculty.