Latin's endowment is the most crucial investment
we can make in the future of our school. Our
endowment allows us to be innovative and agile
as opportunities arise, while remaining steadfast in
support of our community. Among independent
schools, those institutions that excel beyond
benchmarks and pursue cutting-edge education
over generations are, without exception, those
with the strongest endowment.
We aim to see returns that allow for a 4.5%
draw, which is consistent with best practices for
sustainable growth. This ensures that we maintain
the endowment's purchasing power over time.
Here's how we responsibly manage our
endowment at Latin:
Our Board Investment Committee oversees
all investment activity with advisement and
implementation from a professional asset
management consultant.
All investments are guided by our disciplined
allocation strategy, which takes into account
specific and consistent targets and ranges.
Latin's endowment is diversified across asset
classes and managers to make sure we see the
greatest returns.
LATIN'S ENDOWMENT INVESTMENT PHILOSOPHY
Over the last 10 years, $18.7M in new funds have been raised, $23.2M has been spent on operations and $32.6M has been earned from the
invested fund balance. The balance of cash and endowment pledge receivables as of June 30, 2024, is $75.2M.
$75.2M
FY24 balance of
cash and pledge
receivables
$80
$60
$40
$20
$75
$55
$35
$15
$70
$50
$30
$10
$65
$45
$25
$5
$0
MILLIONS
FY
TOTAL VALUE
19–20 18–19 20–21 15–16 21–22 16–17 22–23 17–18 23–24
1 0 -Y E A R E N D O W M E N T H I S T O R Y
14–15
1 0
L
AT
I
N
S
C
H
O
O
L
O
F
C
H
I
C
AG
O
FINANCIALS
1 0
