These endowed funds honor or memorialize former students, community members, and staff members, as well as local organizations. In some cases the funds have been established for college scholarships, and in other cases they have been designated to support a programmatic need within the school district. These permanent funds have been established to create a funding stream for the designated purpose forever or for as long as needed. Generally, the endowed funds are established with the intention of awarding dollars annually from the interest earned, while protecting the original principal investment. 5% of the year-end balance may then be used for the donor’s designated purpose with the Metropolitan School District of Wayne Township.
The WTEF will meet with prospective donors to share areas of need and to help the donor identify how they can best make an impact that fits with their interests.