Punahou’s endowment provides a predictable, permanent source of revenue to support the School’s educational vision. Additionally, a strong and prudently invested endowment is an important indicator of financial health. Since 1859, when Punahou’s first named endowed fund was established, donors have made gifts to Punahou’s priorities that align with their interests.
The Impact of Punahou’s Endowment 2017 – 2018
Gifts to endowment are invested for the long term. Income from the investment is paid out annually, providing permanent funding for people and programs at Punahou.
$9.6 million Income from Endowment to Punahou
Punahou’s endowment spending policy is 4.5 percent of the previous 20-quarter rolling average fund balance. This allows principal to continue to grow.
$6.9 million Financial Aid Awarded 723 Students Received Aid
$3.1 million paid out from 440 named endowed financial aid funds, which provide a stable long term resource for need-based student financial aid. Remainder comes from unrestricted funds.
$1.3 million To Educational Programs
239 endowed program funds support ongoing development of educational programs.
$5.2 million For Unrestricted Use
Unrestricted funds support success in a large and complex institution, providing resources for the School’s highest priorities, and flexibility in meeting opportunities and needs.