What is the Woodlake HS Foundation Endowment?

The Foundation was established with the intent of creating a $1 million endowment to secure scholarships for our students every year. While the Foundation was raising money for countless scholarships, it wasn't until sometime around the early 2000s that the Board decided to set aside 10% of all undesignated funds to be invested into the endowment to ensure its longevity. This fund would be invested to generate long term income, with the proceeds of this fund’s investments used to fund yearly student scholarships, hopefully for perpetuity. A $1 million balance should be capable of generating up to $40,000 a year for student scholarships.

What is the current balance in the Endowment Fund?

Approximately $260,000 as of January 1, 2024

How does money get into the Endowment Fund?

Money can be designated by donors to go directly into the Fund. Additionally, the Foundation BOD voted in 2017, that 10% of all undesignated income, that is all income that isn’t associated with a named scholarship, would be added to the endowment fund at the end of each fiscal year. Additionally, community members are able to add the Woodlake HS Endowment Fund as a beneficiary in their wills. The BOD can assist givers who desire to give to the Endowment Fund in this manner. Please email us at woodlakefoundation@gmail.com to be connected with our fund manager.

Is the Woodlake HS Foundation using any Endowment Funds for scholarships now?

No, we are not. We are actively seeking more donations to reach the goal of $1 million to ensure the longevity of the fund.