Building on a model used by colleges and private schools, and increasingly by public school districts, the NEF Endowment represents fiscal responsibility and a strong commitment to the future. Money given to the Endowment is not spent, but rather carefully invested through the Community Foundation of Western Massachusetts. Interest from these investments is used to give multi-year grants to the schools, and to sustain successful, proven projects. A portion of the interest is re-invested, so each donation – and the Endowment – continues to grow.
Gifts from local parents, alumni, community members, and businesses become an educational legacy. What a powerful combination of private resources for one of our city’s most important public resources.