Capital Giving and Endowment
While the Far Brook Fund supports the day-to-day activities of the School, capital gifts make possible new and renovated facilities and support special needs. Far Brook conducts capital campaigns as well as special efforts to raise funds for significant needs that fall outside the purview of the operating budget. Capital gifts and major gifts are often committed over a three-to-five-year period. Gifts designated to Far Brook’s Endowment are invested, and only a percentage of the income from the principal is spent, ensuring that the gift continues in perpetuity.
Capital Campaigns – A History of Giving
Far Brook's first Capital Campaign of $2.4 million, completed in 1996, made possible several new and renovated facilities and established a modest endowment. The second campaign, "The Campaign for Far Brook – Preserving Tradition, Securing the Future," ended in June 2003 at over $4.8 million, and funded the total renovation of Winifred S. Moore Hall and a substantial increase in the School's growing endowment. By June 2006, an additional $1,000,000 had been raised for the endowment in honor of retiring Head of School, Mary Wearn Wiener. These gifts were made possible through the vision of current and former parents, alumni, businesses, and friends through direct commitments, a Former Trustees Matching Challenge, and generous proceeds from the Gala Tribute Journal.
Library, Laptops, and Wetlands - $300,600
This fundraising effort was completed in June of 2010, which funded the following:
- Restoration of the Schoolyard Wetlands Habitat - affectionately known as “the Swamp,” by Far Brook alumni, this incredible outdoor resource is now much more accessible to students and faculty. The Habitat area includes nature paths that curve around the Wetlands. Next to the paths are several learning circles made of tree cookies. Classes enjoy many outdoor studies that facilitate observing and enjoying nature; learning about the plants, animals, and the creatures that inhabit this marsh and woodland area.
- Purchase of first laptops for students, with a movable laptop cart.
- Renovation of the Old Library - 2007
Far Brook’s Endowment has grown over the years to a total of $5,370,357, as of June 30, 2015, made possible through the generosity and vision of the Far Brook community – current parents, alumni families, and friends. A percentage of the income from these funds is directed toward the operating budget each year. The Endowment contributes to a strong overall financial basis for the school, supports increased scholarship opportunities for students, and provides greater flexibility for visionary educational programs.
In addition to its growing Unrestricted or General Endowment Fund, Far Brook also has a number of Restricted Endowment Funds which are outlined below. Please note that it is possible to add to any of these Funds, which honor and remember extraordinary current and deceased members of the Far Brook community and the wider world. Questions about special naming opportunities and formal Gift Acceptance Policies can be directed to the Development Office. These funds are managed by a policy established by the Board of Trustees.
FAR BROOK SCHOOL’S ENDOWMENT FUNDS – $5,370,357 (As of 6/30/15)
- General Endowment Fund
- Arts Endowment Funds
Kramer Art Fund – In memory of alumna Joan Kramer '63, to be used for any art-related activity, supplies, or scholarship for artistic students.
Fredda S. Leff Special Projects Endowment – Created in honor and in memory of alumni parent and former trustee Fredda Leff to fund special projects for our students that fall outside of the daily Far Brook experience.
Polly S. Niebling Drama Fund – Established by her family in memory of alumni parent Polly Niebling to support the performing arts.
- Building Endowment Funds
Milton H. Stern Endowment Fund – Created in memory of staunch Far Brook supporter and alumni parent Milt Stern, this fund assists in offsetting operating costs of the Music & Arts Building.
The Ruth and Max Segal Family Library Endowment Fund – Created in honor of grandparents Ruth and Max Segal by their children, this fund supports ongoing maintenance and improvements to the Library.
- Faculty Endowment Funds
The Elliott Averett Family Fund for Teacher Benefits – Created by a long time Far Brook family, this fund supports faculty salaries and benefits. The Fund underscores the appreciation and gratitude that the Far Brook community has for its extraordinary faculty.
Faculty Endowment Fund – Created by an anonymous donor, this fund is designated for special summer faculty projects, including the research and design of special curricula, participation in travel/study programs related to the curriculum, etc.
Endowment for Teacher Benefits – Supports faculty salaries and benefits.
Moore Faculty Benefit Fund – Funds contributed in memory of Far Brook’s Founding Director, Winifred S. Moore.
- Scholarship Endowment Funds
Mary Adams Scholarship for Mathematics and Science – Created and named in memory of Far Brook’s longtime mathematics, computer, and science teacher, Mary Adams.
Edwin A. Finckel Scholarship for the Arts – Created and named for Far Brook’s Music Director Emeritus, who served the School for nearly 40 years.
Bartol Scholarship – In honor of a Far Brook grandparent, the late George Bartol.
The Hite Scholarship – In honor of the Hite alumnae, this endowed scholarship is to be used by economically disadvantaged families for the necessities of Far Brook life that fall outside the normal range of tuition assistance.
The James E. and Elizabeth Hughes Scholarship Endowment Fund – In honor of alumni parents, the late Betty and Jim Hughes, President of the Board of Trustees from 1958-63.
William R. Johnson Scholarship for the Arts – Named in honor and in memory of Bill Johnson, beloved Far Brook Faculty member and Art teacher (1969-1988), and made possible by the estate of Mary Ritter, alumni parent and mother of Nina Ritter '75 and Maria Ritter '78. This scholarship provides tuition assistance for a Sixth, Seventh, or Eighth Grade student who excels in the Arts and for whom a Far Brook education would not otherwise be possible.
Barbara Jordan Endowment Scholarship – Named for the eminent Congresswoman Barbara Jordan.
The Koven Family Scholarship – Named for a long-time Far Brook family.
Marks Student Scholarships – Given in memory of Hyman and Lulu Marks.
Opportunity Scholarship Fund for Excellence – Established anonymously by a Far Brook family.
Carol Silver Endowment for Student Scholarships – Established in honor of the late and visionary long-time teacher, Carol Silver, former Head of the Lower School.
FAR BROOK’S EXPENDABLE SCHOLARSHIP GRANTS
Expandable grants and gifts can be made at any time for current use. The Hemera Foundation, the Marjorie Bunnell Charitable Fund, and the Founding Parents’ Scholarship (Anonymous Gift, Class of ’54), enable students to attend and continue attending Far Brook School who otherwise would not be able to do so. Additional financial aid grants are being made by alumni, parents, and friends.