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Gulf Stream School


Endowed & Restricted Funds

Endowment Report
(As of June 30, 2007)

"A strong endowment ... preserves our past ... protects our future ... provides for our faculty ... allows greater access for all children to our educational programs ... and forever strengthens Gulf Stream School's ability to prepare young people for successful and meaningful lives."

A school's endowment is its hidden strength. It ensures that the school will be sustained well into the future. And in present terms, it helps minimize tuition increases that might otherwise be required as educational costs rise. The National Association of Independent Schools has developed guidelines for ensuring sound schools not only in terms of academics, athletics, and character development, but also with regard to the fiscal underpinnings so essential in the support of the finest educational programs across the nation.
Gulf Stream School has a healthy endowment thanks to the generosity of so many members of the Gulf Stream Family. Contributions to existing endowments are accepted regularly and added to the principal of the fund in accordance with the donors' wishes. Naming opportunities are still available for those interested in establishing an endowed fund to honor or memorialize a student, faculty member, or family member. For more information on how to establish an endowed fund for Gulf Stream School please contact the Development Office at (561) 276-5225.

 

Endowment Naming Opportunities

Faculty Support:
Academic Chair  $150,000
Faculty Professional Development  $100,000
Excellence in Lower School Teaching*  $100,000
Excellence in Upper School Teaching*  $100,000

 

Academic Programs:
Library-Media Center Programs    $50,000
Lower School Programs $50,000
Upper School Programs $50,000




Scholarships and Financial Aid:
Endowed Fund for Scholarship            $100,000
Endowed Fund for Financial Aid $25,000


*The income would support an award that would be given at the discretion of the Head of School, when merited, to an outstanding teacher who demonstrates dedication, personal character, love of children as well as subject, is a superior role model, and makes extra-curricular contributions to the School.

Existing Endowments at Gulf Stream School

Endowment Funds for Scholarship

The Gulf Stream School General Endowment for Scholarship pools gifts received in honor of people, special occasions and in general support of the School's scholarship efforts.

The Gulf Stream School Memorial Scholarship was established in 1989 to receive gifts in memory of persons beloved by Gulf Stream and by the School Family.


The Florence Jackson Clough Endowment Fund for Scholarship was established by the bequest of Mrs. Clough, a generous friend and neighbor of the School. Each year income from this fund is contributed toward Gulf Stream's commitment to providing scholarship assistance to able students who otherwise would not be able to attend Gulf Stream.

The Anne G. Gibb Scholarship Fund will provide income to be used each year to enrich the scholarship offerings at Gulf Stream School. In June 2004, an anonymous donor created a $100,000 challenge to award scholarship funds to a family or families that would not be able to afford the cost of tuition and/or fees. The recipient must meet the minimum requirements for admission and remain in good academic and disciplinary standing. Any unused portion of the income will be reinvested into the fund balance.

The Peter and Karen Lampl Foundation Endowed Fund for Scholarship was designated to help students who might not otherwise be able to attend Gulf Stream School - not current students whose parents are experiencing temporary difficulties. Sir Peter and Lady Lampl, the parents of three seasonal students, Katie '09, Christopher '11, and Stephanie '14, are from England and winter in South Florida.

The Forrest C. Lattner Scholarship Fund was established in 1990 in memory of Forrest C. Lattner, father of Martha Lattner Walker '49 and Susan Lattner Lloyd '53. This fund assists qualified students who, because of financial need, would not be able to attend Gulf Stream School.

The Edward B. Wilson Scholarship Fund was initiated in 2002 by the Laporte Family. Barbara and Stefan Laporte are the parents of Alexander '99 and Geoffrey '02 and began this fund to honor Ned Wilson, a dedicated educator, leader, and mentor to the Gulf Stream School Family.

The Marshall Bullitt Watkins '68 Memorial Scholarship Fund was established in 2007 by Mr. Lowry Watkins, Jr. in memory of his brother who attended Gulf Stream School from 1961 through 1968. This fund will provide income to enrich the scholarship offerings by providing financial assistance for students who might not otherwise be able to attend Gulf Stream School. The recipient must meet the minimum requirements for admission and remain in good academic and disciplinary standing. The principal is to remain intact and any unused portion of the income will be reinvested.


Endowment Funds for Special Purposes

The Florence Jackson Clough General Endowment Fund was established by the bequest of Mrs. Clough, a generous friend and neighbor of the School. Each year income from this fund contributes directly to faculty and staff salaries.

The Gulf Stream School General Endowment Fund pools gifts intended to support the general operations of the School.

The Endowment for Trustee Operations uses funds to support the operating of the Board of Trustees.

Mr. and Mrs. James R. Byrne Endowment for Excellence in Upper School Teaching was established through the generosity of Mr. and Mrs. James Byrne. The Byrnes are the parents of Kelsey '02, Alison '04, and Tucker '08. This endowed fund will provide income to support an award to be given at the discretion of the Head of School to an outstanding Upper School teacher who demonstrates dedication, personal character, love of children as well as subject, is a superior role model, and makes extra-curricular contributions to the School.

The Francis N. Carpenter Endowment for Excellence in Lower School Teaching initiated by Mr. Thomas Lynch and Mrs. Hilary Carpenter Lynch'81, will provide income to support an award to be given at the discretion of the Head of School to an outstanding Lower School teacher who demonstrates dedication, personal character, love of children as well as subject, is a superior role model, and makes extra-curricular contributions to the School.

The Florence Jackson Clough Fund for Faculty Benefits was established by the bequest of Mrs. Clough, a generous friend and neighbor of the School. Funds go to increase the amount of retirement savings for faculty through their benefits package.

The James E. Cross Memorial Endowment Fund for Faculty Development established in 1997 in memory of former Board President Dr. James E. Cross for the support of faculty development at Gulf Stream School.

The Gibb Chair in English was established in 1996-1997 in honor of Miss Anne Goodall Gibb, thanks to the generosity of many members of the School Family, to recognize her 25th year with Gulf Stream School. Income from this fund enhances the curriculum in ways which most benefit the English Department faculty and students. The funds are used to supplement the budget of the English Department at the discretion of the holder.

The Lumpkin Family Foundation Chair for Faculty Development was initiated in 2004 by a generous grant from The Lumpkin Family Foundation. This grant will provide continuing education and professional development for faculty members to implement new programs in the area of global studies.

The James B. Orthwein, Jr. Family Endowment for Faculty Development was established in 1997 by Mr. James B. Orthwein, Jr., former Board President and parent of Jimmy '95, Ross '98, and Clark '04. Income from this fund makes available opportunities for faculty members to work toward completing a graduate degree.

The Ann Rentschler Cassady '41 Memorial Endowment Fund was established in 1997 by Mr. William Cassady, Miss Rita Cassady '73, Miss Rowena B. Cassady Frazel '77, Mrs. Raina B. Cassady '75, Miss Rhiannon R. Cassady '80, Mr. Frederick J. R. Cassady '83, and Mrs. Rachel R. Cassady Nevelos '84. The interest earned may be used for a student with special needs, to underwrite wholly or partially the tuition of a student with a special need, to fund, or partially fund, the salary of a teacher or tutor of a student with a special need, or it may be added to the principal.

The Audrey P. and Martin S. Schwartz Family Endowment Fund for Mathematics, established in 1997 by Mr. and Mrs. Martin S. Schwartz parents of Stacy '97 and Bowie '99, created prizes for the most outstanding Upper School mathematics students each year and for the Upper School student who has shown the most improvement in mathematics each year. It will also provide for ongoing faculty graduate study in mathematics and states that any unused income be added to the principal.

The Building Maintenance Fund for Field House and Computer Center, established in 1996 provides funds for the upkeep of the School's physical plant, specifically the maintenance of the Field House and Computer Center.




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