l - Buckingham Browne & Nichols
l - Buckingham Browne & Nichols
l - Buckingham Browne & Nichols
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BB&n endowment and spendable Funds<br />
44<br />
BB&N Endowment<br />
and Spendable<br />
Funds<br />
GENERAL/UNRESTRICTED<br />
ENDOWMENT<br />
The general endowment supports the<br />
annual operating budget of the school<br />
including faculty and staff salaries, academic<br />
programs, the library, athletics, etc.<br />
John Moors Cabot Fund<br />
Established in 1981 through a trust from<br />
John Moors Cabot ’19.<br />
Thomas D. Cabot Fund<br />
Established in 1985 through a gift from<br />
Thomas Cabot ’13, this fund supports<br />
secondary education particularly in the<br />
math and sciences.<br />
Rosalind E. Gorin General<br />
Endowment Fund<br />
Established in 1985 by former and current<br />
trustee Rosalind E. Gorin ’62.<br />
Nathaniel M. Gorton General<br />
Endowment Fund<br />
Established in 1991 by former board<br />
chair The Honorable Nathaniel M. Gorton<br />
’56, P’88, ’90, ’92.<br />
highl ight<br />
Conrad C. Hunneman ’45<br />
Memorial Fund<br />
Established in 1997 by J. Richard<br />
Hunneman, Jr. ’42 in memory of his brother.<br />
Paul Jacobs General Endowment<br />
Fund<br />
Established in 1969 through a gift from<br />
Mr. and Mrs. Paul Jacobs P’60, ’63, ’69.<br />
FACULTY COMPENSATION<br />
BB&N Faculty Compensation<br />
Endowment Fund<br />
Income from BB&N’s general faculty compensation<br />
endowment is used to support<br />
the school’s faculty compensation budget.<br />
Class of 2001 Parents’ Faculty<br />
Compensation Fund<br />
Class of 2003 Parents’ Faculty<br />
Compensation Fund<br />
Class of 2004 Parents’ Faculty<br />
Compensation Fund<br />
These funds were established by parents of<br />
the Class of 2001, 2003, and 2004 to support<br />
BB&N’s faculty compensation budget.<br />
Two BB&N eighth graders achieved perfect scores<br />
in the Mathematical Association of America’s<br />
junior high school examination. The 25-question,<br />
45-minute multiple choice examination applies the<br />
concepts taught at the junior high level to a wide<br />
range of problems.<br />
New funds established in 2006-2007.<br />
The BB&n endowment, which had a market value of $45 million as of June 30, 2007, is<br />
comprised of more than 130 named and general endowed funds, the income from which<br />
supports approximately 5.5% of BB&n’s operating budget each year.<br />
established through both outright gifts and bequests by alumni/ae, parents, and friends<br />
with a vision for BB&n’s future, these funds provide the long-term financial support<br />
necessary to sustain many areas of the BB&n operating budget, from faculty compensation,<br />
professional development, and financial aid to academic and athletic programs.<br />
The following list describes many of BB&n’s current endowment funds and the areas of<br />
the budget they support. new funds created during 2006-2007 are highlighted below.<br />
The Class of 2007 Faculty<br />
Endowment Fund<br />
This fund was established by parents in<br />
the Class of 2007 through their Senior<br />
Parents’ Gift campaign and will provide<br />
permanent endowment to support<br />
BB&N’s faculty compensation and<br />
professional development budget.<br />
John H. Etter Teaching Fund<br />
Established in honor of John H. Etter ’49,<br />
Director of Athletics for more than 40<br />
years, this fund supports the Director of<br />
Athletics position.<br />
The Legends Fund<br />
The Legends Fund was created in 2007 to<br />
recognize BB&N’s faculty “legends” upon<br />
their retirement and to honor their extraordinary<br />
commitment to the School during<br />
their many years of service. This fund<br />
provides permanent support to BB&N’s<br />
faculty endowment for compensation,<br />
professional development, and summer<br />
travel grants.<br />
Mary Newmann Faculty Compensation<br />
Fund<br />
Established in 2000 by current and former<br />
trustees of the <strong>Buckingham</strong> School,<br />
<strong>Browne</strong> & <strong>Nichols</strong>, and BB&N, this fund<br />
honors former Head of School Mary<br />
Newmann and supports the School’s<br />
general faculty compensation budget.<br />
Edwin H. B. Pratt Faculty Fund<br />
Established in 1975 through a bequest<br />
from the Edwin H. Baker Pratt Trust, this<br />
fund supports BB&N’s faculty compensation<br />
budget.<br />
Edwin and Aileen Pratt Faculty<br />
Development Fund<br />
This fund was established by members of<br />
the Edwin and Aileen Pratt Fund Committee<br />
in 1978 in recognition of the Pratts’<br />
invaluable service to the School. The<br />
fund supports the moral and intellectual<br />
atmosphere at BB&N by providing for<br />
faculty compensation.<br />
Rudman Family Athletic Fund<br />
Established in 1984 by the Rudman<br />
family on the occasion of the 40th anniversary<br />
of Stanley and Dorothy Rudman<br />
P’66, ’70, GP’05 and redesignated in<br />
2003 by Jeffrey Rudman ‘66, this fund<br />
underwrites the salary of the boys’ football<br />
coach at BB&N and supports general<br />
expenses of the football and/or general<br />
athletic program.<br />
FACULTY PROFESSIONAL<br />
DEVELOPMENT<br />
BB&N Faculty Professional<br />
Development Fund<br />
Income from BB&N’s general faculty<br />
professional development endowment<br />
supports curricular research and program<br />
development, workshops and conferences,<br />
graduate coursework, and summer<br />
travel and study grants that reward senior<br />
faculty for long service and dedication<br />
to BB&N.<br />
Frances Ackerly Fund for Gender<br />
Studies<br />
Established in 1991 in honor of faculty<br />
emerita Frances Ackerly, this fund supports<br />
professional development for<br />
Middle School faculty to do research,