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Hellenic American Academy Endowment Trust |
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Frequently Asked Questions: |
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Q. What is the Endowment Fund? A. The Hellenic American Academy Endowment Trust was started in the year 2000 with the goal of increasing the school’s revenue base. The Hellenic American Academy is the sole beneficiary of the interest the fund generates.
Q. Why do we need an Endowment Fund? A. At present time, the school runs a deficit. Currently, the interest the Endowment gives back to the school supplements programs, textbooks, teachers’ salaries, technological improvements... In the future, with the help of generous donors and hard-working committee members of the Endowment we hope to bridge the deficit and propel the school into a self-sufficient state.
Q. Where does the Endowment Fund get it’s contributors? A. Our generous contributors, mostly from our local and Hellenic community, support the Endowment outright by mailing in donations or by attending one of our many functions. Past events include four Golf Tournaments, two Silent Auctions and an Opa Dinner Dance. Many individuals have obtained matching donations from their place of work.
Q. How much is in the Endowment Fund today? A. We are proud to say, drum roll, we have currently $900,000. in deposits
Q. Why don't we spend the 900K today, there are many projects in the school that could use that money? A. That's a great question. The reason we do not use that money today is similar to why you may have a started a retirement fund, 401K.... Over time money that is invested grows. This also gives the academy financial security for the 21st century.
Q. How much money has the Endowment Fund contributed to date? A. 2001-2002 $6,000.00 2003 $3,000.00 2004 $5,400.00 2005 $13,500.00 2006 $31,500.00 2007 $42,000.00 2008 $52,000.00 2009 $16,300.00 2010 $35,707.00 2011 $38,635.00 Over $244,042.00 to date!
Q. Wow, the Hellenic American Academy has already benefited from the Endowment Fund, I don’t have a lot of money, are there other ways that I can contribute? A. Absolutely, we are always looking for help with the EF annual events. Parents, teachers and church members have helped at the Golf Tournament by soliciting sponsors, registering golfers, running a putting contest, and attending the luncheon. We have also run a dance, silent auctions and annual mailings which are always in need of volunteers. Large and small donors also have received matching donations from their place of work.
Q. Whom should I contact if I have more questions or want to get involved? A.. Anyone interested in being involved should contact any board member for information. They are Donna and George Christopulos (current Holy Trinity Board Member, parents of 3 graduates), Lynda Rizos (past School Committee member, parent of graduate), Voula Danas (PTA President, current parent), Julie Grillakis (past PTA President and parent), Kathy Kourkoulos (past PTA President and parent of graduate), Theodora Stathopoulos (parent of graduate).
Q. Are you accepting donations of stock or bequests? A. Absolutely, we recently received a generous transfer of stock of over $42,000 from an individual. Our Investment Management Team at Enterprise Bank is set up to handle transfers of stock or property as well as cash donations.
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HAA Endowment Trust P.O. Box 1252 Lowell, MA 01853-1252 |
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To contact us: |
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