What’s your passion?
Whatever cause, project, or cohort you are looking to support, Boston University Academy has a giving opportunity to match. Better still, by endowing your gift, you can make an investment that lasts forever.
Endowed gifts are invested directly, with the generated income used to fund what donors specify. This means that the principal gift is never touched, but continues to generate income in perpetuity.
For this reason, many donors elect to name endowments: to honor a family member, life-changing teacher, or other mentor; preserve the name of their family foundation; or create a personal legacy.
An individual’s lifespan is limited, but a school endures for countless generations and hundreds of years, and the endowment helps ensure that adequate provision is made for the students, faculty, and facilities of the future.
In a nutshell, an endowed gift:
- Gives BUA flexibility and freedom to embark in new directions and to offer prestige and recognition to benefactors and beneficiaries
- Ensures regular funding levels for BUA departments, programs, and operations
- Helps stem rises in tuition by providing needed financial aid
- Provides donors with an opportunity to create a legacy or honor a loved one and support the people and programs at BUA in perpetuity
The University’s commitment to BUA is that we keep every dollar we raise, which means that increased philanthropic support can significantly enhance the student experience.
Here are some examples:
BUA Great Teachers FundThe Boston University Academy Great Teachers Fund honors retired master teachers by supporting current faculty members’ efforts to improve their teaching and their students’ experience. Income from the Fund underwrites, inter alia, the cost of faculty professional development and stipends for curricular revision in ways that are aligned with BUA’s strategic priorities.The Fund was established as a permanent endowment with a $100,000 gift from Ruth A. Moorman (CAS ’88, Wheelock ’89, Wheelock ’09, P BUA ’15) and Sheldon N. Simon (P BUA ’15), parents of Sarah Simon ’15, in honor of Phil Gambone, a member of the faculty from 2004-2019, and in celebration and commemoration of BUA’s 25th anniversary year. The intent is for the fund to grow and honor additional master teachers upon their retirement.
BUA Strategic Initiatives FundThe Boston University Academy Strategic Initiatives Fund was established as a permanent endowment with a $350,000 gift from Kara V. and E. James Gruver P BUA ’11, P BUA ’14 in 2016. The Fund provides support for strategic initiatives at the discretion of the Head of School of Boston University Academy to provide BUA students and teachers with high quality teaching and learning within a vibrant and diverse educational community.
Haley Murphy Morrill Memorial Scholarship FundThe Haley Murphy Morrill Memorial Scholarship Fund was established in 2008 by Eileen E. Murphy and Bruce F. Morrill as a tribute to their beloved daughter, Haley Murphy Morrill (BUA Class of 2010). Tragically, Haley died before she graduated, and her family and friends, along with the wider school community, helped to establish this Fund to provide a deserving tenth grade girl with scholarship assistance in tribute to Haley. To make an online gift to the Haley Murphy Morrill Memorial Scholarship Fund, click here.
Dr. Jennifer Formichelli Memorial Scholarship FundThe Dr. Jennifer Formichelli Memorial Scholarship Fund, established in 2022, provides annual scholarship awards to students with backgrounds historically underrepresented at BU Academy, with a preference for students from the City of Boston. To make an online gift to the Dr. Jennifer Formichelli Memorial Scholarship Fund, click here.
If you have questions about these endowment funds or are interested in making an endowment gift to Boston University Academy, please contact Margo Cox, Director of Development and Parent Engagement, at 617-358-7135 or firstname.lastname@example.org.