Our Challenge
Current school funding issues offer a challenge to our tradition of excellence. An ever-increasing percentage of our property tax dollars, formerly designated for our schools, now leave the community to be redistributed to other school districts across the state. Without the additional donations through EEF, we would be unable to maintain the quality of our schools through the expenditure of tax dollars alone.
Every year, private donors and corporate sponsors graciously donate to help provide a yearly grant to the district. This grant is given in June. As of July 1st, we are back at 0, and we have to start again. The Eanes Endowment is the solution for long term sustainability of continuing to help our district.
Without adequate funding, our standard of excellence is in jeopardy.
Our Eanes Endowment Mission
To support the Eanes Education Foundation (EEF) in its efforts to maintain the long-term goal of providing educational excellence within Eanes ISD.
Our Eanes Endowment Goal
To provide a vehicle for sustaining gifts which would support the Endowment’s mission of supporting EEF for the long term. Gifts may be unrestricted or restricted, depending on the value and/or use of funds accepted as approved by the Eanes Endowment Board and in compliance with the endowment’s gift acceptance policy.
Our Eanes Endowment History
For generations, the Eanes community has been distinguished by its devotion to education. Countless families have moved into the community to benefit from the schools that are among the finest in the nation. Accomplished alumni provide ongoing affirmation of the quality of education received in the Eanes schools through their own personal achievements and their contributions to the greater society. EISD residents and alumni of our schools take pride in our historic tradition where excellence is more than a goal, it is the standard.
The Endowment was seeded in 2015 by the Eanes Education Foundation with $300,000. In 2022, the Endowment’s AUM had achieved the required distribution threshold of 6 quarters with an average AUM above $1M. Upon achieving this threshold, the EEF Endowment board approved the Endowment’s first ever distribution of $50,000 in 2022.
The Eanes Endowment = Our Solution
Eanes Education Foundation seeks current and endowed financial support from the community and corporate donors to provide and sustain district-wide opportunities for educational excellence within Eanes ISD.
Since 1992, EEF has raised over $31 million to fund more than 631 educators and teachers. We are fortunate to be a part of a caring community that understands the importance of the schools in defining the spirit of the community, maintaining property values, and creating a common bond among our neighbors.
The Endowment offers far-reaching solutions to achieve our ultimate goal of preserving educational excellence in all Eanes schools.
Eanes Endowment Gifts
Decide on how you want to invest your money in your community!
The Eanes Endowment offers far-reaching solutions to achieve our ultimate goal of preserving educational excellence in all Eanes schools. All gifts will be in accordance with the Eanes Endowment Gift Acceptance Policy.
Gifts may be the following:
- Gifts of Cash
- Gifts of Securities
- Pledges
- Gifts “in-kind” (retained for Endowment use)
- Gifts of Real Estate and Other Property
- Gifts of other Personal Property
- Life Insurance
- Bequests
- Corporate Matching Gifts
- Gifts of Foreign Assets
- Anonymous Gifts
Levels of Giving
The Eanes Endowment recognizes that donors have varied motivations for establishing named funds to honor or memorialize an individual or family, or to support a specific academic purpose or program that has been identified within the school district. These types of funds may be restricted or unrestricted, depending on the level of the gift, but all are created in support of the mission of the Endowment.
- Named Unrestricted Fund = $25,000 or more
- Named & Restricted Fund = $100,000 or more
- Named & Restricted Endowed Position = $1,500,000 or more
As with all named funds, the Endowment Board must approve the creation of the fund. Tribute and memorial funds also require prior consent of the honoree or of the family of the honoree before naming the fund.
The Eanes Endowment is overseen by its own board. The Endowment may distribute between 4% and 6% of assets per year. Endowment assets are managed by Durbin Bennett Private Wealth Management.
For more information on how you can establish your gift to The Eanes Endowment, please contact Dana Meserole DeLorenzo, Executive Director, at 512-845-2305.