An educational institution’s endowment operates much like any savings and investment portfolio. The principal is invested for long-term growth and each year the school spends a small percentage of the endowment to support scholarships and general operating expenses. Since the capital cannot be used, the income generated from an endowment is an important source of revenue.
Endowments also represent the understanding that schools like CVA are worthy of investment by individuals and organizations who care deeply about preparing our next generation of scholar-athletes. To keep pace with the dynamic and competitive environment in which we operate, the endowment principal must continue to grow through donations. The endowment is the basis of CVA’s long-term financial strength and competitiveness.