Building for the Future Campaign
"We have a responsibility to prepare our students for majors in science and engineering and mathematics, as well as humanities. So, being able to give them a top-notch academic program, which has always been part of Pennington's tradition, and pair that with a top-notch faculty and now facilities, that creates the complete package."- Dr. Bill Hawkey, Headmaster
Building for the Future
The Pennington School undertook a comprehensive campaign to raise $20 million by the end of 2017. The campaign raised funds to update facilities on campus as well as to sustain the annual fund. Pennington parents, grandparents, alumni, and friends all took part in building for Pennington's future. We are delighted to report that this campaign raised more than 16% over our ambitious goal.
Pennington thrives today in large part because of the philanthropic support provided over the past 180 years by the generations who preceded us. We are at an exciting moment in Pennington's history, with a campus plan that is transforming the learning experience for current and future students. We are carrying on Pennington's legacy of excellence, we have made a significant investment in the future to ensure that Pennington's future is as distinguished as its past.
Our top fundraising priority, the Pennington Fund allows the School to operate as though we had a larger endowment. An endowment is an important measure of stability for educational institutions as it represents a secure income stream for expenses that the School incurs on an annual basis, such as faculty support–the single largest item in our operating budget. Pennington has a smaller endowment than many of our peer schools, but an annual fund of $1 million is like having an additional $25 million in endowment. The difference that makes in the quality of experiences that we provide to our students is monumental.
The Pennington Fund makes it possible to recruit and retain the best faculty; it supports extracurricular programs like Odyssey of the Mind and Peer Leaders; and it helps cover the cost of regional and state athletic competitions. In short, the Pennington Fund helps underwrite the opportunities that enrich the Pennington experience for each of our students.
Endowments provide funding for the library, faculty support, professional development, technology, and scholarships. Honorific naming opportunities are available to recognize endowment gifts of $50,000 or more.
The Building for the Future campaign allowed Pennington to complete five phases of facility and program improvements to ensure that our campus is up to today's standards for learning. See the sidebar to the left for more information about the campaign's five phases. Honorific naming opportunities are still available to recognize facilities gifts of $50,000 or more.
Pennington offers a truly liberal education, not just years of cramming in a rigid environment focused solely on standardized test results. By participating in our ambitious plans for the future, you will empower Pennington to light the way forward for a new generation of students, providing a vigorous academic experience that is adapted to the abilities, goals, and nature of each child. Please contribute now to help us ensure excellence for Pennington and our students.