Endowment and Scholarship
The growth of an independent school’s endowment is vital to the long-term financial health of the institution. A robust, well-managed endowment enables independent schools like Morristown-Beard School to strengthen its future aspirations by providing increased support to both unrestricted and restricted needs.
Charitable giving to our School’s endowment provides significant long-term benefits. The continual source of investment income generated by a growing endowment enables the Headmaster and Board of Trustees to effectively plan and build for the future. Infrastructure is an evolving priority for investment income, as is maintaining tuition increases at a lower level than many peer schools.
Financial need-based scholarships are an important priority for MBS. While investment income from the endowment helps limit tuition increases, the affordability of an independent school education continues to be a challenge facing schools nationwide.
Related issues such as student diversity and inclusion amplify the growing need for scholarship support.
MBS SCHOLAR PARTNERS PROGRAM
The MBS Scholar Partners Program allows members of the MBS community to provide mentorship and tuition assistance to outstanding local students from disadvantaged backgrounds – creating opportunity for students who would not otherwise have access to an exceptional education.
On behalf of Headmaster Caldwell and the Board of Trustees, I am happy to express the School’s gratitude for gifts that support endowment and various scholarship assistance programs. MBS is very fortunate to have an incredibly generous community of parents, alumni, and friends who have made so many of our recent accomplishments possible.
Betsy Patterson, P ’14, ’16
Director of Advancement